POLICY AND CLAIM RESERVES (Tables)

9 Months Ended

Sep. 30, 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):

	Nine months ended September 30,
	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	27,126			25,460
Estimated claims and claim adjustment expenses for claims arising in prior years	(1,014		)	(250		)
Total increases	26,112			25,210
Claims and claim adjustment expense payments for claims arising in:
Current year	22,694			20,906
Prior years	3,496			3,592
Total payments	26,190			24,498
Net balance at end of period	6,746			7,460
Plus reinsurance recoverable on unpaid losses	211			184
Claims and claim adjustment expense reserves at end of period	$	6,957		$	7,644