Loss And Loss Adjustment Expense Reserves (Tables)

3 Months Ended

Mar. 31, 2020

Insurance Loss Reserves [Abstract]

Activity In The Reserves For Losses And Loss Adjustment Expenses

The following table presents the activity in loss and loss adjustment expense reserves:

	Three Months Ended March 31,
	2020			2019
	(Amounts in thousands)
Gross reserves, beginning of period	$	1,921,096		$	1,829,412
Reinsurance recoverables on unpaid losses, beginning of period	(76,100		)	(180,859		)
Cumulative effect of adopting ASU 2016-13 for reinsurance recoverables on unpaid losses (1)	159			—
Reinsurance recoverables on unpaid losses, beginning of period, as adjusted	(75,941		)	(180,859		)
Net reserves, beginning of period	1,845,155			1,648,553
Incurred losses and loss adjustment expenses related to:
Current year	636,566			629,054
Prior years	15,104			1,362
Total incurred losses and loss adjustment expenses	651,670			630,416
Loss and loss adjustment expense payments related to:
Current year	264,658			274,273
Prior years	403,436			344,718
Total payments	668,094			618,991
Net reserves, end of period	1,828,731			1,659,978
Reinsurance recoverables on unpaid losses, end of period	69,214			127,634
Gross reserves, end of period	$	1,897,945		$	1,787,612

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⁽¹⁾ See Note 1 for additional information on adoption of ASU 2016-13.