Liability for Losses and Loss Expenses (Tables)

3 Months Ended

Mar. 31, 2018

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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:

	Three Months Ended March 31,
	2018			2017
	(in thousands)
Balance at January 1	$	676,672		$	606,665
Less reinsurance recoverable		(293,271	)		(259,147	)
Net balance at January 1		383,401			347,518
Incurred related to:
Current year		129,842			111,872
Prior years		26,741			2,561
Total incurred		156,583			114,433
Paid related to:
Current year		54,583			45,401
Prior years		67,117			60,759
Total paid		121,700			106,160
Net balance at end of period		418,284			355,791
Plus reinsurance recoverable		309,279			265,058
Balance at end of period	$	727,563		$	620,849