General General (Tables)

6 Months Ended

Jun. 30, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Allowance for Credit Losses on Premium Receivable

The following table presents a summary of changes in allowance for credit losses on premiums receivable:

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
	(Amounts in thousands)
Beginning balance	$	10,000	$	1,321	$	1,445	$	1,458
Cumulative effect of adopting ASU 2016-13 for premiums receivable	—		—		1,855		—
Beginning balance, as adjusted	10,000		1,321		3,300		1,458
Provision during the period for expected credit losses (1)	719		331		8,888		1,894
Write-off amounts during the period	(885)		(680)		(2,543)		(2,550)
Recoveries during the period of amounts previously written off	166		227		355		397
Ending balance	$	10,000	$	1,199	$	10,000	$	1,199

__________ 

(1) The provision during the six months ended June 30, 2020 increased significantly due to the adverse impact of worsening economic conditions following the outbreak of the COVID-19 pandemic on the estimate of uncollectible premiums receivable based on reasonable and supportable forecasts.

Allowance for Credit Losses on Reinsurance Recoverables

The following table presents a summary of changes in allowance for credit losses on reinsurance recoverables:

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
	(Amounts in thousands)
Beginning balance	$	148	$	—	$	—	$	—
Cumulative effect of adopting ASU 2016-13 for reinsurance recoverables	—		—		159		—
Beginning balance, as adjusted	148		—		159		—
Provision during the period for expected credit losses	(60)		—		(71)		—
Write-off amounts during the period	—		—		—		—
Recoveries during the period of amounts previously written off	—		—		—		—
Ending balance	$	88	$	—	$	88	$	—