Liability for Losses and Loss Expenses (Tables)

3 Months Ended

Mar. 31, 2019

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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,
	2019			2018
	(in thousands)
Balance at January 1	$	814,665		$	676,672
Less reinsurance recoverable		(339,267	)		(293,271	)
Net balance at January 1		475,398			383,401
Incurred related to:
Current year		127,117			129,842
Prior years		(4,006	)		26,741
Total incurred		123,111			156,583
Paid related to:
Current year		43,232			54,583
Prior years		66,305			67,117
Total paid		109,537			121,700
Net balance at end of period		488,972			418,284
Plus reinsurance recoverable		347,548			309,279
Balance at end of period	$	836,520		$	727,563