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Reserve For Unpaid Losses (Tables)
12 Months Ended
Dec. 31, 2014
Insurance [Abstract]  
Summary of Reserve for Unpaid Losses

The table below summarizes the activity related to the Company’s reserve for unpaid losses:

 

     Years Ended December 31,     Period
August 7, 2012
(inception) to
December 31,
2012
 
     2014      2013    
     (In thousands)  

Balance, beginning of period

   $ 19,344       $ 1,393      $ —     

Less: reinsurance recoverable on unpaid losses

     —           —          —     
  

 

 

    

 

 

   

 

 

 

Net balance, beginning of period

  19,344      1,393      —     
  

 

 

    

 

 

   

 

 

 

Incurred related to:

Current year

  89,783      38,968      1,402   

Prior years

  (223   (467   —     
  

 

 

    

 

 

   

 

 

 

Total incurred

  89,560      38,501      1,402   
  

 

 

    

 

 

   

 

 

 

Paid related to:

Current year

  45,618      20,010      9   

Prior years

  11,817      540      —     
  

 

 

    

 

 

   

 

 

 

Total paid

  57,435      20,550      9   
  

 

 

    

 

 

   

 

 

 

Net balance, end of period

  51,469      19,344      1,393   

Plus: reinsurance recoverable on unpaid losses

  —        —        —     
  

 

 

    

 

 

   

 

 

 

Balance, end of period

$ 51,469    $ 19,344    $ 1,393