Reserve for Losses and Loss Adjustment Expenses (Tables)

9 Months Ended

Sep. 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 nine months ended September 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	25,199			19,266
Prior years	(12,625		)	(9,490		)
Net incurred losses and LAE during the current period	12,574			9,776
Deduct payments for losses and LAE, net of reinsurance, occurring in:
Current period	620			243
Prior years	5,449			6,096
Net loss and LAE payments during the current period	6,069			6,339
Net reserve for losses and LAE at end of period	53,355			31,579
Plus: Reinsurance recoverables	—			—
Reserve for losses and LAE at end of period	$	53,355		$	31,579
Loans in default at end of period	3,538			2,153