Liability for Losses and Loss Expenses (Tables)

6 Months Ended

Jun. 30, 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:

	Six Months Ended June 30,
	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		266,093			234,045
Prior years		26,244			8,394
Total incurred		292,337			242,439
Paid related to:
Current year		127,392			120,392
Prior years		108,521			99,224
Total paid		235,913			219,616
Net balance at end of period		439,825			370,341
Plus reinsurance recoverable		307,805			272,905
Balance at end of period	$	747,630		$	643,246