Loss Reserves (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2018 and 2017:

	For the Nine Months Ended September 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		603,564			578,272
Increase (Decrease) in Estimated Losses and LAE for Claims Occurring in Prior Years		19,814			44,609
Incurred Losses and LAE	$	623,378		$	622,881
Losses and LAE Paid for Claims Occurring During:
Current Year		(65,445	)		(75,707	)
Prior Years		(420,870	)		(358,684	)
Losses and LAE Payments	$	(486,315	)	$	(434,391	)
Foreign Currency Adjustment		(4,982	)		11,688
Net Reserves for Losses and LAE at End of Period		1,853,620			1,710,629
Reinsurance Recoverables on Unpaid Losses and LAE		780,215			847,505
Gross Reserves for Losses and LAE at End of Period	$	2,633,835		$	2,558,134