Liability for Unpaid Losses and Loss Adjustment Expenses (Tables)

12 Months Ended

Dec. 31, 2018

Insurance Loss Reserves [Abstract]

Summary of Incurred Claims, Cumulative Paid Claims and Allocated Claim Adjustments Expenses, Net of Reinsurance

The information about unpaid losses and loss adjustment expenses for the years ended December 31, 2014 to 2016, is presented as supplementary information and is unaudited.

											As of December 31, 2018
											Total of Incurred-but-Not-
											Reported Liabilities
											Plus Expected
Incurred Loss and Defense & Cost Containment Expenses, Net of Reinsurance											Development (Redundancy)			Cumulative Number
For the Years Ended December 31,											on Reported Claims			of Reported Claims
Accident Year	2014		2015		2016		2017		2018
	(Unaudited)
2014	$	111,739	$	118,289	$	112,251	$	112,278	$	119,028	$	(5,850	)	22,442
2015			170,381		187,431		194,600		213,860		(6,744		)	26,760
2016					269,814		286,252		324,577		(6,380		)	40,354
2017							303,944		334,734		(12,950		)	119,465
2018									334,368		48,915			50,021
							Total		$	1,326,567

Cumulative Paid Loss and Defense & Cost Containment Expenses, Net of Reinsurance
For the Years Ended December 31,
Accident Year	2014		2015		2016		2017		2018
	(Unaudited)
2014	$	69,703	$	112,059	$	119,798	$	122,579	$	124,712
2015			115,328		191,481		208,592		219,941
2016					204,122		297,374		328,286
2017							205,200		328,105
2018									253,008
							Total		$	1,254,052
All outstanding liabilities before 2014, net of reinsurance									(5,133		)
Liabilities for claims and claim adjustment expenses, net of reinsurance									$	67,382

Reconciliation of Net Incurred and Paid Claims Development Tables to Liability for Unpaid Losses and LAE

Set forth is the following reconciliation of the net incurred and paid claims development tables to the liability for unpaid losses and LAE in the consolidated Balance Sheet as of December 31, 2018 (in thousands):

	December 31, 2018
Liabilities for unpaid claims and claim   adjustment expenses, net of reinsurance	$	67,382
Reinsurance recoverable on unpaid claims	393,365
Liabilities for adjusting and other claim payments	12,082
Total gross liability for unpaid claims and claim   adjustment expense	$	472,829

Supplementary Information About Average Historical Claims Duration

Set forth is the supplementary information about average historical claims duration as of December 31, 2018:

Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance
Years	1		2		3		4		5
	61.9	%	18.8	%	9.1	%	5.3	%	2.4	%

Change in Liability for Unpaid Losses and LAE

Set forth in the following table is the change in liability for unpaid losses and LAE for the periods presented (in thousands):

	Years Ended December 31,
	2018			2017			2016
Balance at beginning of year	$	248,425		$	58,494		$	98,840
Less: Reinsurance recoverable	(182,405		)	(106		)	(13,540		)
Net balance at beginning of period	66,020			58,388			85,300
Incurred (recovered) related to:
Current year	314,933			322,929			305,919
Prior years	99,522			27,499			(4,690		)
Total incurred	414,455			350,428			301,229
Paid related to:
Current year	221,708			215,274			229,761
Prior years	179,303			127,522			98,380
Total paid	401,011			342,796			328,141
Net balance at end of period	79,464			66,020			58,388
Plus: Reinsurance recoverable	393,365			182,405			106
Balance at end of year	$	472,829		$	248,425		$	58,494