Liability for Unpaid Losses and Loss Adjustment Expenses (Tables)

9 Months Ended

Sep. 30, 2020

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Balance at beginning of period	$	147,659	$	288,296	$	267,760	$	472,829
Less: Reinsurance recoverable	(26,107)		(197,117)		(123,221)		(393,365)
Net balance at beginning of period	121,552		91,179		144,539		79,464
Incurred related to:
Current year	208,392		129,353		489,966		355,258
Prior years	30,085		3,218		34,904		3,703
Total incurred	238,477		132,571		524,870		358,961
Paid related to:
Current year	172,977		137,313		355,479		260,955
Prior years	43,661		30,408		170,539		121,441
Total paid	216,638		167,721		526,018		382,396
Net balance at end of period	143,391		56,029		143,391		56,029
Plus: Reinsurance recoverable	59,329		110,313		59,329		110,313
Balance at end of period	$	202,720	$	166,342	$	202,720	$	166,342