Loss Reserves (Tables)

6 Months Ended

Jun. 30, 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 six months ended June 30, 2018 and 2017:

	For the Six Months Ended June 30,
amounts in thousands	2018			2017
Net Reserves for Losses and LAE at Beginning of Year	$	1,705,380		$	1,510,451
Acquired Net Reserves		16,159			—
Provision for Losses and LAE for Claims Occurring in the Current Year		379,158			331,595
Increase (Decrease) in Estimated Losses and LAE for Claims Occurring in Prior Years		3,320			15,115
Incurred Losses and LAE	$	382,478		$	346,710
Losses and LAE Paid for Claims Occurring During:
Current Year		(32,832	)		(47,235	)
Prior Years		(292,843	)		(249,895	)
Losses and LAE Payments	$	(325,675	)	$	(297,130	)
Foreign Currency Adjustment		(3,310	)		3,432
Net Reserves for Losses and LAE at End of Period		1,775,032			1,563,463
Reinsurance Recoverables on Unpaid Losses and LAE		799,084			782,864
Gross Reserves for Losses and LAE at End of Period	$	2,574,116		$	2,346,327