Loss Reserves (Tables)

9 Months Ended

Sep. 30, 2017

Insurance [Abstract]

Summary of Reserves for Losses and LAE Activity

The following table summarizes our Company’s Reserves for Losses and LAE activity for the nine months ended September 30, 2017 and 2016:

	For the Nine Months Ended September 30,
amounts in thousands	2017			2016
Net Reserves for Losses and LAE at Beginning of Year	$	1,510,451		$	1,393,126
Provision for Losses and LAE for Claims Occurring in the Current Year		578,272			504,599
Increase (Decrease) in Estimated Losses and LAE for Claims Occurring in Prior Years		44,609			(11,644	)
Incurred Losses and LAE	$	622,881		$	492,955
Losses and LAE Paid for Claims Occurring During:
Current Year		(75,707	)		(72,897	)
Prior Years		(358,684	)		(323,761	)
Losses and LAE Payments	$	(434,391	)	$	(396,658	)
Foreign Currency Adjustment		11,688			(9,213	)
Net Reserves for Losses and LAE at End of Period		1,710,629			1,480,210
Reinsurance Recoverables on Unpaid Losses and LAE		847,505			787,917
Gross Reserves for Losses and LAE at End of Period	$	2,558,134		$	2,268,127