Loss And Loss Adjustment Expense Reserves (Tables)

3 Months Ended

Mar. 31, 2021

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,
	2021		2020
	(Amounts in thousands)
Gross reserves, beginning of period	$	1,991,304	$	1,921,255
Reinsurance recoverables on unpaid losses, beginning of period	(54,460)		(76,100)
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	(54,460)		(75,951)
Net reserves, beginning of period, as adjusted	1,936,844		1,845,304
Incurred losses and loss adjustment expenses related to:
Current year	627,551		636,566
Prior years	(1,207)		15,104
Total incurred losses and loss adjustment expenses	626,344		651,670
Loss and loss adjustment expense payments related to:
Current year	242,103		264,658
Prior years	334,867		403,436
Total payments	576,970		668,094
Net reserves, end of period	1,986,218		1,828,880
Reinsurance recoverables on unpaid losses, end of period	54,882		69,065
Gross reserves, end of period	$	2,041,100	$	1,897,945

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