Unpaid Losses and Loss Adjustment Expenses (Tables)

6 Months Ended

Jun. 30, 2017

Insurance Loss Reserves [Abstract]

Schedule of the Changes in the Reserves for Losses and Loss Adjustment Expense

The table below provides the changes in the reserves for losses and LAE, net of reinsurance recoverables, for the periods indicated as follows (dollars in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Gross reserves - beginning of period	$	62,135	$	38,488	$	54,651	$	35,422
Less: reinsurance recoverables on unpaid losses	9,125		5,015		6,658		5,405
Net reserves - beginning of period	53,010		33,473		47,993		30,017
Add: incurred losses and LAE, net of reinsurance:
Current period	12,397		12,034		25,051		23,146
Prior period	4,277		1,507		7,356		3,094
Total net incurred losses and LAE	16,674		13,541		32,407		26,240
Deduct: loss and LAE payments, net of reinsurance:
Current period	5,313		5,793		7,216		7,792
Prior period	8,006		5,279		16,819		12,523
Total net loss and LAE payments	13,319		11,072		24,035		20,315
Net reserves - end of period	56,365		35,942		56,365		35,942
Plus: reinsurance recoverables on unpaid losses	10,552		5,890		10,552		5,890
Gross reserves - end of period	$	66,917	$	41,832	$	66,917	$	41,832