XML 79 R63.htm IDEA: XBRL DOCUMENT v3.6.0.2
Activity in the Liability for Loss and Loss Adjustment Expense (Detail) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Liability for Claims and Claims Adjustment Expense [Line Items]      
Reserves as of January 1 $ 10,799,242 $ 11,597,200 $ 11,952,500
Less: reinsurance recoverables [1] 1,169,300 1,289,400 1,302,100
Net reserves as of January 1 9,629,900 10,307,800 10,650,400
Other adjustments 2,400 (1,900) 56,900 [2]
Incurred loss and LAE, net of reinsurance, related to:      
Current year 3,285,200 2,555,300 2,709,700
Prior years (368,000) (215,500) (215,200)
Total incurred loss and LAE, net of reinsurance 2,917,166 2,339,790 2,494,565
Paid loss and LAE, net of reinsurance, related to:      
Current year [3] 734,300 417,600 520,800
Prior years [3] 1,866,500 2,390,400 2,178,100
Total paid loss and LAE, net of reinsurance [3] 2,600,800 2,808,000 2,698,900
Foreign exchange effect (97,700) (207,800) (195,100)
Net reserves as of December 31 9,851,000 [4] 9,629,900 10,307,800
Reinsurance recoverables as of December 31 [1] 1,236,200 [4] 1,169,300 1,289,400
Reserves as of December 31 $ 11,087,199 [4] $ 10,799,242 $ 11,597,200
[1] Reinsurance recoverables in this table include only ceded loss and LAE reserves.
[2] Represents reserves acquired in connection with a loss portfolio transfer transaction.
[3] Includes paid losses, net of reinsurance, related to commutations.
[4] Includes unallocated LAE, which aggregate to 1.3 percent of gross loss and LAE reserves as of December 31, 2016. Net loss and LAE Reserves by component are shown in the preceding tables, and consolidated gross loss and LAE reserves is presented in the Consolidated Balance Sheets.