Reserve for Losses and Loss Adjustment Expenses (Tables)

6 Months Ended

Jun. 30, 2018

Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]

Schedule of reconciliation of beginning and ending reserve balances for losses and loss adjustment expenses (LAE)

The following table provides a reconciliation of the beginning and ending reserve balances for losses and loss adjustment expenses (“LAE”) for the six months ended June 30:

($ in thousands)	2018			2017
Reserve for losses and LAE at beginning of period	$	46,850		$	28,142
Less: Reinsurance recoverables	—			—
Net reserve for losses and LAE at beginning of period	46,850			28,142
Add provision for losses and LAE, net of reinsurance, occurring in:
Current period	16,528			12,116
Prior years	(9,406		)	(6,653		)
Net incurred losses and LAE during the current period	7,122			5,463
Deduct payments for losses and LAE, net of reinsurance, occurring in:
Current period	211			97
Prior years	3,745			3,710
Net loss and LAE payments during the current period	3,956			3,807
Net reserve for losses and LAE at end of period	50,016			29,798
Plus: Reinsurance recoverables	—			—
Reserve for losses and LAE at end of period	$	50,016		$	29,798
Loans in default at end of period	3,519			1,776