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Liability for Unpaid Losses and Loss Adjustment Expenses (Tables)
6 Months Ended
Jun. 30, 2013
Liability for Unpaid Losses and Loss Adjustment Expenses [Abstract]  
Changes in the liability for unpaid losses and LAE table
The following table represents a reconciliation of changes in the liability for unpaid losses and LAE.
 
 
Six Months Ended
 
 
June 30,
 
 
2013
 
2012
 
 
(in thousands)
Unpaid losses and LAE, gross of reinsurance, at beginning of period
 
$
2,231,540

 
$
2,272,363

Less reinsurance recoverables for unpaid losses and LAE
 
805,386

 
940,840

Net unpaid losses and LAE at beginning of period
 
1,426,154

 
1,331,523

Losses and LAE, net of reinsurance, related to:
 
 

 
 

Current period
 
227,926

 
176,145

Prior periods
 
1,651

 
1,054

Total net losses and LAE incurred during the period
 
229,577

 
177,199

Deduct payments for losses and LAE, net of reinsurance, related to:
 
 

 
 

Current period
 
21,843

 
18,520

Prior periods
 
143,776

 
128,460

Total net payments for losses and LAE during the period
 
165,619

 
146,980

Ending unpaid losses and LAE, net of reinsurance
 
1,490,112

 
1,361,742

Reinsurance recoverable for unpaid losses and LAE
 
801,149

 
920,047

Unpaid losses and LAE, gross of reinsurance, at end of period
 
$
2,291,261

 
$
2,281,789