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Reserves For Losses And LAE (Tables)
3 Months Ended
Mar. 31, 2019
Reserves For Losses And LAE [Abstract]  
Summary Of Activity In The Reserve For Losses And LAE

 

 

Three Months Ended

 

 

Twelve Months Ended

 

 

 

March 31,

 

 

December 31,

 

(Dollars in thousands)

 

2019

 

 

2018

 

Gross reserves at January 1

 

$

10,167,018

 

 

$

9,343,028

 

Less reinsurance recoverables

 

 

(4,697,543

)

 

 

(5,727,268

)

Net reserves at January 1

 

 

5,469,475

 

 

 

3,615,760

 

 

 

 

 

 

 

 

 

 

Incurred related to:

 

 

 

 

 

 

 

 

Current year

 

 

788,837

 

 

 

4,252,220

 

Prior years

 

 

7,259

 

 

 

558,798

 

Total incurred losses and LAE

 

 

796,096

 

 

 

4,811,018

 

 

 

 

 

 

 

 

 

 

Paid related to:

 

 

 

 

 

 

 

 

Current year

 

 

100,676

 

 

 

1,524,635

 

Prior years

 

 

607,365

 

 

 

1,408,256

 

Total paid losses and LAE

 

 

708,041

 

 

 

2,932,891

 

 

 

 

 

 

 

 

 

 

Foreign exchange/translation adjustment

 

 

7,368

 

 

 

(24,412

)

 

 

 

 

 

 

 

 

 

Net reserves at December 31

 

 

5,564,898

 

 

 

5,469,475

 

Plus reinsurance recoverables

 

 

4,608,571

 

 

 

4,697,543

 

Gross reserves at December 31

 

$

10,173,469

 

 

$

10,167,018

 

 

 

 

 

 

 

 

 

 

(Some amounts may not reconcile due to rounding.)