POLICY AND CLAIM RESERVES (Tables)

3 Months Ended

Mar. 31, 2019

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):

	Three months ended March 31,
	2019			2018
Summary of claims and claim adjustment expense reserves
Balance, beginning of year	$	8,208		$	7,075
Less reinsurance recoverable on unpaid losses	1,384			327
Net balances at beginning of year	6,824			6,748
Net losses:
Provision for claims and claim adjustment expenses for claims arising in current year	8,585			9,185
Estimated claims and claim adjustment expenses for claims arising in prior years	(604		)	(1,097		)
Total increases	7,981			8,088
Claims and claim adjustment expense payments for claims arising in:
Current year	5,596			5,527
Prior years	2,510			2,567
Total payments	8,106			8,094
Net balance at end of period	6,699			6,742
Plus reinsurance recoverable on unpaid losses	1,264			185
Claims and claim adjustment expense reserves at end of period	$	7,963		$	6,927