Liability for Losses and Loss Expenses (Tables)

6 Months Ended

Jun. 30, 2017

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Summary of Insurance Subsidiaries' Liability for Losses and Loss Expenses

We summarize activity in our insurance subsidiaries’ liability for losses and loss expenses as follows:

	Six Months Ended June 30,
	2017			2016
	(in thousands)
Balance at January 1	$	606,665		$	578,205
Less reinsurance recoverable		(259,147	)		(256,151	)
Net balance at January 1		347,518			322,054
Incurred related to:
Current year		234,045			195,036
Prior years		8,394			3,736
Total incurred		242,439			198,772
Paid related to:
Current year		120,392			98,170
Prior years		99,224			96,392
Total paid		219,616			194,562
Net balance at end of period		370,341			326,264
Plus reinsurance recoverable		272,905			250,901
Balance at end of period	$	643,246		$	577,165