Loss And Loss Adjustment Expense Reserves (Tables)

6 Months Ended

Jun. 30, 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:

	Six Months Ended June 30,
	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	1,298,981		1,119,502
Prior years	(15,409)		27,468
Total incurred losses and loss adjustment expenses	1,283,572		1,146,970
Loss and loss adjustment expense payments related to:
Current year	641,726		563,921
Prior years	539,871		612,773
Total payments	1,181,597		1,176,694
Net reserves, end of period	2,038,819		1,815,580
Reinsurance recoverables on unpaid losses, end of period	52,196		49,530
Gross reserves, end of period	$	2,091,015	$	1,865,110

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