POLICY AND CLAIM RESERVES (Tables)

3 Months Ended

Mar. 31, 2021

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,
	2021		2020
Summary of claims and claim adjustment expense reserves
Balance, beginning of year	$	10,177	$	7,199
Less reinsurance recoverable on unpaid losses	3,321		249
Net balances at beginning of year	6,856		6,950
Net losses:
Provision for claims and claim adjustment expenses for claims arising in current year	9,034		9,622
Estimated claims and claim adjustment expenses for claims arising in prior years	(1,078)		(32)
Total increases	7,956		9,590
Claims and claim adjustment expense payments for claims arising in:
Current year	5,280		6,856
Prior years	2,416		3,460
Total payments	7,696		10,316
Net balance at end of period	7,116		6,224
Plus reinsurance recoverable on unpaid losses	2,393		241
Claims and claim adjustment expense reserves at end of period	$	9,509	$	6,465