POLICY AND CLAIM RESERVES (Tables)

3 Months Ended

Mar. 31, 2020

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:

($ in thousands)	Three months ended March 31,
	2020			2019
Summary of claims and claim adjustment expense reserves
Balance, beginning of year	$	7,199		$	8,208
Less reinsurance recoverable on unpaid losses	249			1,384
Net balances at beginning of year	6,950			6,824
Net losses:
Provision for claims and claim adjustment expenses for claims arising in current year	9,622			8,585
Estimated claims and claim adjustment expenses for claims arising in prior years	(32		)	(604		)
Total increases	9,590			7,981
Claims and claim adjustment expense payments for claims arising in:
Current year	6,856			5,596
Prior years	3,460			2,510
Total payments	10,316			8,106
Net balance at end of period	6,224			6,699
Plus reinsurance recoverable on unpaid losses	241			1,264
Claims and claim adjustment expense reserves at end of period	$	6,465		$	7,963