General General (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
	(Amounts in thousands)
Beginning balance	$	10,000	$	1,199	$	1,445	$	1,458
Cumulative effect of adopting ASU 2016-13 for premiums receivable	—		—		1,855		—
Beginning balance, as adjusted	10,000		1,199		3,300		1,458
Provision during the period for expected credit losses	559		1,506		9,448		4,421
Write-off amounts during the period	(735)		(1,660)		(3,279)		(5,231)
Recoveries during the period of amounts previously written off	176		268		531		665
Ending balance (1)	$	10,000	$	1,313	$	10,000	$	1,313

__________ 

(1) The allowance for credit losses on premiums receivable increased significantly in the first quarter of 2020 due to the adverse economic conditions following the outbreak of the COVID-19 pandemic, and remained high at September 30, 2020 based on the latest estimate of the uncollectible amount of premiums receivable.

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 September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
	(Amounts in thousands)
Beginning balance	$	88	$	—	$	—	$	—
Cumulative effect of adopting ASU 2016-13 for reinsurance recoverables	—		—		159		—
Beginning balance, as adjusted	88		—		159		—
Provision during the period for expected credit losses	(30)		—		(101)		—
Write-off amounts during the period	—		—		—		—
Recoveries during the period of amounts previously written off	—		—		—		—
Ending balance	$	58	$	—	$	58	$	—