Loss And Loss Adjustment Expense Reserves (Tables)

9 Months Ended

Sep. 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:

	Nine Months Ended September 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	2,005,233		1,740,116
Prior years	(23,714)		25,511
Total incurred losses and loss adjustment expenses	1,981,519		1,765,627
Loss and loss adjustment expense payments related to:
Current year	1,088,285		937,373
Prior years	739,385		786,180
Total payments	1,827,670		1,723,553
Net reserves, end of period	2,090,693		1,887,378
Reinsurance recoverables on unpaid losses, end of period	51,428		54,608
Gross reserves, end of period	$	2,142,121	$	1,941,986

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