Loss Reserves (Tables)

3 Months Ended

Mar. 31, 2018

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 three months ended March 31, 2018 and 2017:

	For the Three Months Ended March 31,
amounts in thousands	2018			2017
Net Reserves for Losses and LAE at Beginning of Year	$	1,705,380		$	1,510,451
Provision for Losses and LAE for Claims Occurring in the Current Year		184,179			162,515
Increase (Decrease) in Estimated Losses and LAE for Claims Occurring in Prior Years		1,966			7,085
Incurred Losses and LAE	$	186,145		$	169,600
Losses and LAE Paid for Claims Occurring During:
Current Year		(9,206	)		(16,287	)
Prior Years		(155,860	)		(126,722	)
Losses and LAE Payments	$	(165,066	)	$	(143,009	)
Foreign Currency Adjustment		4,980			(226	)
Net Reserves for Losses and LAE at End of Period		1,731,439			1,536,816
Reinsurance Recoverables on Unpaid Losses and LAE		790,388			794,576
Gross Reserves for Losses and LAE at End of Period	$	2,521,827		$	2,331,392