Loss And Loss Adjustment Expense Reserves (Tables)

9 Months Ended

Sep. 30, 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:

	Nine Months Ended September 30,
	2020		2019
	(Amounts in thousands)
Gross reserves, beginning of period	$	1,921,255	$	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)	149		—
Reinsurance recoverables on unpaid losses, beginning of period, as adjusted	(75,951)		(180,859)
Net reserves, beginning of period, as adjusted	1,845,304		1,648,553
Incurred losses and loss adjustment expenses related to:
Current year	1,740,116		1,957,598
Prior years	25,511		10,323
Total incurred losses and loss adjustment expenses	1,765,627		1,967,921
Loss and loss adjustment expense payments related to:
Current year	937,373		1,149,659
Prior years	786,180		715,451
Total payments	1,723,553		1,865,110
Net reserves, end of period	1,887,378		1,751,364
Reinsurance recoverables on unpaid losses, end of period	54,608		103,847
Gross reserves, end of period	$	1,941,986	$	1,855,211

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