Liabilities for Losses and Loss Expenses (Tables)

6 Months Ended

Jun. 30, 2021

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Summary of Insurance Subsidiaries' Liabilities for Losses and Loss Expenses

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

	Six Months Ended June 30,
	2021			2020
	(in thousands)
Balance at January 1	$	962,007		$	869,674
Less reinsurance recoverable		(404,818	)		(362,768	)
Net balance at January 1		557,189			506,906
Incurred related to:
Current year		254,740			233,460
Prior years		(21,564	)		(10,864	)
Total incurred		233,176			222,596
Paid related to:
Current year		98,966			97,473
Prior years		111,300			106,716
Total paid		210,266			204,189
Net balance at end of period		580,099			525,313
Plus reinsurance recoverable		418,559			376,511
Balance at end of period	$	998,658		$	901,824