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Liabilities For Outstanding Claims, Losses And Loss Adjustment Expenses (Tables)
3 Months Ended
Mar. 31, 2019
Insurance [Abstract]  
Schedule of Liability for Unpaid Losses and Loss Adjustment Expenses

The table below provides a reconciliation of the gross beginning and ending reserve for unpaid losses and loss adjustment expenses.

 

 

 

Three Months Ended

 

 

 

March 31,

 

(in millions)

 

2019

 

 

2018

 

Gross loss and LAE reserves, beginning of period

 

$

5,304.1

 

 

$

5,058.5

 

Reinsurance recoverable on unpaid losses

 

 

1,472.6

 

 

 

1,455.0

 

Net loss and LAE reserves, beginning of period

 

 

3,831.5

 

 

 

3,603.5

 

Net incurred losses and LAE in respect of losses occurring in:

 

 

 

 

 

 

 

 

Current year

 

 

712.8

 

 

 

677.4

 

Prior years

 

 

(13.2

)

 

 

(6.5

)

Total incurred losses and LAE

 

 

699.6

 

 

 

670.9

 

Net payments of losses and LAE in respect of losses

   occurring in:

 

 

 

 

 

 

 

 

Current year

 

 

175.3

 

 

 

181.0

 

Prior years

 

 

459.1

 

 

 

425.5

 

Total payments

 

 

634.4

 

 

 

606.5

 

Net reserve for losses and LAE, end of period

 

 

3,896.7

 

 

 

3,667.9

 

Reinsurance recoverable on unpaid losses

 

 

1,484.9

 

 

 

1,420.0

 

Gross reserve for losses and LAE, end of period

 

$

5,381.6

 

 

$

5,087.9