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Liability for Unpaid Losses and Loss Adjustment Expenses (Tables)
3 Months Ended
Mar. 31, 2019
Insurance [Abstract]  
Summarized Activity in Liability for Unpaid Losses and Loss Adjustment Expenses

Activity in the liability for unpaid losses and loss adjustment expenses is summarized as follows:

 

 

 

Quarters Ended March 31,

 

(Dollars in thousands)

 

2019

 

 

2018

 

Balance at beginning of period

 

$

680,031

 

 

$

634,664

 

Less: Ceded reinsurance receivables

 

 

109,342

 

 

 

97,243

 

Net balance at beginning of period

 

 

570,689

 

 

 

537,421

 

Incurred losses and loss adjustment expenses related to:

 

 

 

 

 

 

 

 

Current year

 

 

66,251

 

 

 

61,999

 

Prior years

 

 

(7,930

)

 

 

(5,927

)

Total incurred losses and loss adjustment expenses

 

 

58,321

 

 

 

56,072

 

Paid losses and loss adjustment expenses related to:

 

 

 

 

 

 

 

 

Current year

 

 

18,340

 

 

 

17,454

 

Prior years

 

 

61,776

 

 

 

53,228

 

Total paid losses and loss adjustment expenses

 

 

80,116

 

 

 

70,682

 

Net balance at end of period

 

 

548,894

 

 

 

522,811

 

Plus:  Ceded reinsurance receivables

 

 

97,065

 

 

 

92,314

 

Balance at end of period

 

$

645,959

 

 

$

615,125