POLICY AND CLAIM RESERVES (Tables)

9 Months Ended

Sep. 30, 2018

Insurance [Abstract]

Reconciliation of Policy and Claim Reserves

The following table is a reconciliation of beginning and ending property and casualty reserve balances for claims and claim adjustment expense (dollars in thousands):

	Nine months ended September 30,
	2018			2017
Summary of claims and claim adjustment expense reserves
Balance, beginning of year	$	7,075		$	7,531
Less reinsurance recoverable on unpaid losses	327			1,184
Net balances at beginning of year	6,748			6,347
Net losses:
Provision for claims and claim adjustment expenses for claims arising in current year	25,460			32,867
Estimated claims and claim adjustment expenses for claims arising in prior years	(250		)	(1,355		)
Total increases	25,210			31,512
Claims and claim adjustment expense payments for claims arising in:
Current year	20,906			26,275
Prior years	3,592			3,041
Total payments	24,498			29,316
Net balance at end of period	7,460			8,543
Plus reinsurance recoverable on unpaid losses	184			354
Claims and claim adjustment expense reserves at end of period	$	7,644		$	8,897