Loss Reserves (Tables)

3 Months Ended

Mar. 31, 2019

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, 2019 and 2018:

	For the Three Months Ended March 31,
amounts in thousands	2019			2018
Net Reserves for Losses and LAE at Beginning of Year	$	1,923,784		$	1,705,380
Provision for Losses and LAE for Claims Occurring in the Current Year		218,029			184,179
Increase (Decrease) in Estimated Losses and LAE for Claims Occurring in Prior Years		52,323			1,966
Incurred Losses and LAE	$	270,352		$	186,145
Losses and LAE Paid for Claims Occurring During:
Current Year		(19,251	)		(9,206	)
Prior Years		(203,287	)		(155,860	)
Losses and LAE Payments	$	(222,538	)	$	(165,066	)
Foreign Currency Adjustment		8,084			4,980
Net Reserves for Losses and LAE at End of Period		1,979,682			1,731,439
Reinsurance Recoverables on Unpaid Losses and LAE		830,732			790,388
Gross Reserves for Losses and LAE at End of Period	$	2,810,414		$	2,521,827