POLICY AND CLAIM RESERVES (Tables)

12 Months Ended

Dec. 31, 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):

	Years ended December 31,
	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	36,457			39,604
Estimated claims and claim adjustment expenses for claims arising in prior years	(722		)	(1,213		)
Total increases	35,735			38,391
Claims and claim adjustment expense payments for claims arising in:
Current year	31,833			34,609
Prior years	3,826			3,381
Total payments	35,659			37,990
Net balance at end of period	6,824			6,748
Plus reinsurance recoverable on unpaid losses	1,384			327
Claims and claim adjustment expense reserves at end of period	$	8,208		$	7,075

Short-duration Insurance Contracts, Claims Development

Cumulative incurred and paid claims over the last three years, along with annual percentage payouts related to accident and health claims, is as follows (dollars in thousands):

	For the Years Ended December 31,
	2016		2017		2018
	Incurred Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance
	Unaudited
							IBNR Reserves Dec. 31, 2018		Cumulative Number of Reported Claims
2016	$	960	$	962	$	883	$	—	1,185
2017			1,008		964		—		1,826
2018					1,037		358		1,141

	Cumulative Paid Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance
	Unaudited
2016	$	658	$	874	$	882
2017			725		881
2018					747

	Average Annual Percentage Payout of Incurred Claims by Age
	Unaudited
Years	1		2		3
	73.9	%	21.3	%	4.7	%

	For the Years Ended December 31,
	2009		2010		2011		2012		2013		2014		2015		2016		2017		2018
	Incurred Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance
	Unaudited
																					IBNR Reserves Dec. 31, 2018		Cumulative Number of Reported Claims
2009	$	31,425	$	30,236	$	30,442	$	30,432	$	30,484	$	30,362	$	30,306	$	30,280	$	30,280	$	30,280	$	—	7,996
2010	—		30,610		29,918		29,805		29,718		29,687		29,672		29,641		29,660		29,659		—		5,888
2011	—		—		35,203		33,957		34,233		34,711		34,806		34,650		34,658		34,663		7		8,127
2012	—		—		—		29,959		30,190		30,402		30,091		29,948		29,885		29,827		—		5,198
2013	—		—		—		—		27,436		27,147		27,076		27,023		27,191		27,236		154		5,204
2014	—		—		—		—		—		25,929		26,422		26,290		26,225		26,130		8		4,747
2015	—		—		—		—		—		—		31,484		30,861		30,360		30,890		372		5,842
2016	—		—		—		—		—		—		—		36,287		35,343		35,399		204		5,183
2017	—		—		—		—		—		—		—		—		40,210		38,958		425		5,321
2018	—		—		—		—		—		—		—		—		—		37,079		3,254		4,500
																	Total		$	320,121

	Cumulative Paid Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance
	Unaudited
2009	$	25,245	$	29,281	$	29,869	$	29,847	$	30,004	$	30,265	$	30,274	$	30,280	$	30,280	$	30,280
2010	—		26,064		29,201		29,404		29,507		29,639		29,640		29,640		29,660		29,659
2011	—		—		31,488		33,080		33,484		34,167		34,622		34,621		34,641		34,647
2012	—		—		—		26,162		29,135		29,614		29,765		29,834		29,835		29,823
2013	—		—		—		—		24,157		26,114		26,487		26,661		26,788		26,976
2014	—		—		—		—		—		22,844		25,461		25,800		26,033		26,095
2015	—		—		—		—		—		—		25,923		30,066		30,190		30,296
2016	—		—		—		—		—		—		—		31,893		34,722		35,029
2017	—		—		—		—		—		—		—		—		35,209		38,245
2018	—		—		—		—		—		—		—		—		—		32,456
																	Total		$	313,506
			All outstanding liabilities before 2008, net of reinsurance																209
			Liabilities for claims and claim adjustment expenses, net of reinsurance																$	6,824

Short-duration Insurance Contracts, Schedule of Historical Claims Duration

The cumulative number of reported claims presented above is reported on a per claimant basis.

	Average Annual Percentage Payout of Incurred Claims by Age (in Years), Net of Reinsurance
	Unaudited
Years	1		2		3		4		5		6		7		8		9		10
	87.8	%	9.5	%	1.1	%	0.5	%	0.7	%	0.2	%	0.2	%	—	%	—	%	—	%

The tables presented above represent homeowners, dwelling fire and other liability lines of business.

Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability

Reconciliation of the Disclosure of Incurred and Paid Claims Development to the Liability for Unpaid Claims and Claim Adjustment Expenses
	December 31, 2018		December 31, 2017
Net outstanding liabilities
Homeowners' insurance	$	2,418	$	2,384
Dwelling fire insurance	2,602		2,799
Other Liability insurance	1,804		1,463
Other short-duration insurance lines	—		102
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	6,824		6,748
Reinsurance recoverable on unpaid claims
Homeowners' insurance	537		327
Dwelling fire insurance	847		—
Other Liability insurance	—		—
Other short-duration insurance lines	—		—
Total reinsurance recoverable on unpaid claims	1,384		327
Insurance lines other than short-duration	—		—
Unallocated claims adjustment expenses	—		—
Other	—		—
	—		—
Total gross liability for unpaid claims and claim adjustment expense	$	8,208	$	7,075