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Short Duration Contracts (Tables)
12 Months Ended
Dec. 31, 2021
Short Duration Contracts Disclosure [Abstract]  
Levels of disaggregation
The Company’s reserves for losses and loss adjustment expenses primarily relate to short-duration contracts with various characteristics (e.g., type of coverage, geography, claims duration). The Company considered such information in determining the level of disaggregation for disclosures related to its short-duration contracts, as detailed in the table below:
Reportable segmentLevel of disaggregationIncluded lines of business
InsuranceProperty energy, marine and aviationProperty energy, marine and aviation
Third party occurrence business
Excess and surplus casualty (excluding contract binding); construction and national accounts; and other (including alternative market risks, excess workers’ compensation and employer’s liability insurance coverages)
Third party claims-made businessProfessional lines
Multi-line and other specialty
Programs; contract binding (part of excess and surplus casualty); travel, accident and health; lenders products; and other (contract and commercial surety coverages)
ReinsuranceCasualtyCasualty
Property catastropheProperty catastrophe
Property excluding property catastropheProperty excluding property catastrophe
Marine and aviationMarine and aviation
Other specialtyOther specialty
MortgageDirect mortgage insurance in the U.S.Mortgage insurance on U.S. primary exposures
Claims Development [Line Items]  
Reconciliation of claims development to liability
The following table represents a reconciliation of the disclosures of net incurred and paid loss development tables to the reserve for losses and loss adjustment expenses at December 31, 2021:
December 31, 2021
Net outstanding liabilities
Insurance
Property, energy, marine and aviation
$586,885 
Third party occurrence business
2,885,557 
Third party claims-made business
1,613,425 
Multi-line and other specialty
1,125,841 
Reinsurance
Casualty
2,106,507 
Property catastrophe
486,248 
Property excluding property catastrophe
724,034 
Marine and aviation
245,881 
Other specialty
981,805 
Mortgage
U.S. primary688,688 
Other short duration lines not included in disclosures 441,459 
Total for short duration lines11,886,330 
Unpaid losses and loss adjustment expenses recoverable
Insurance
Property, energy, marine and aviation
354,432 
Third party occurrence business
1,537,549 
Third party claims-made business
921,086 
Multi-line and other specialty
199,485 
Reinsurance
Casualty
592,879 
Property catastrophe
484,598 
Property excluding property catastrophe
118,939 
Marine and aviation
111,298 
Other specialty
373,292 
Mortgage
U.S. primary48,259 
Other short duration lines not included in disclosures (1)887,457 
Intercompany eliminations(4,146)
Total for short duration lines5,625,128 
Lines other than short duration76,240 
Discounting(55,575)
Unallocated claims adjustment expenses225,033 
245,698 
Total gross reserves for losses and loss adjustment expenses$17,757,156 
(1)    Includes unpaid loss and loss adjustment expenses recoverable of $390.1 million related to the loss portfolio transfer reinsurance agreements.
Insurance  
Claims Development [Line Items]  
Claims development tables
The following tables present information on the insurance segment’s short-duration insurance contracts:
Property, energy, marine and aviation ($000’s except claim count)
Incurred losses and allocated loss adjustment expenses, net of reinsuranceDecember 31, 2021
Total of IBNR liabilities plus expected development on reported claimsCumulative
number of reported claims
Year ended December 31,
Accident year2012
unaudited
2013
unaudited
2014
unaudited
2015
unaudited
2016
unaudited
2017
unaudited
2018
unaudited
2019
unaudited
2020
unaudited
2021
2012$233,149 $232,498 $205,776 $199,469 $197,005 $192,993 $190,770 $178,616 $178,250 $178,343 $627 4,245 
2013159,102 156,785 149,199 143,400 134,952 133,869 128,624 127,290 126,276 25 4,243 
2014148,368 145,957 147,465 136,201 132,307 134,329 135,032 134,942 3,098 3,884 
2015112,409 109,865 103,995 102,515 97,852 91,830 91,892 3,804 4,536 
2016104,449 101,306 105,657 100,471 96,437 92,553 874 6,160 
2017280,715 246,291 235,951 230,439 231,228 8,248 6,426 
2018180,981 186,030 173,693 170,057 9,136 5,020 
2019179,056 178,564 165,477 6,667 5,080 
2020359,394 329,362 66,698 4,186 
2021426,870 158,163 2,951 
Total$1,947,000 
Cumulative paid losses and allocated loss adjustment expenses, net of reinsurance
2012$20,638 $93,394 $138,977 $161,831 $167,540 $179,945 $181,307 $173,184 $174,032 $174,384 
201332,292 84,936 110,808 120,111 122,244 125,475 123,356 124,688 124,841 
201425,881 53,751 77,892 84,195 87,812 98,553 115,383 122,296 
201523,580 64,953 76,338 86,253 87,926 86,246 87,316 
201624,828 83,552 98,683 97,506 95,002 91,241 
201730,228 139,867 195,532 211,708 215,895 
201830,026 102,285 134,858 142,838 
201926,130 105,380 133,911 
202055,619 194,487 
202190,423 
Total1,377,632 
All outstanding liabilities before 2012, net of reinsurance17,517 
Liabilities for losses and loss adjustment expenses, net of reinsurance$586,885 
Third party occurrence business ($000’s except claim count)
Incurred losses and allocated loss adjustment expenses, net of reinsuranceDecember 31, 2021
Total of IBNR liabilities plus expected development on reported claimsCumulative
number of reported claims
Year ended December 31,
Accident year2012
unaudited
2013
unaudited
2014
unaudited
2015
unaudited
2016
unaudited
2017
unaudited
2018
unaudited
2019
unaudited
2020
unaudited
2021
2012$241,368 $263,451 $269,204 $272,004 $258,371 $253,758 $243,863 $244,448 $242,332 $239,075 $43,924 65,731 
2013283,228 297,225 307,152 302,165 282,122 274,717 272,849 269,754 270,558 54,640 67,113 
2014330,015 336,019 338,890 343,113 339,701 344,197 342,934 343,569 66,498 75,904 
2015359,058 391,884 398,908 392,143 391,455 382,722 386,801 91,081 78,785 
2016389,832 394,485 406,082 399,571 374,896 367,818 115,303 79,005 
2017417,377 417,941 422,624 412,512 407,115 145,130 84,692 
2018430,415 453,190 450,937 451,459 189,965 77,700 
2019456,353 487,547 481,045 253,849 84,895 
2020607,249 616,910 428,750 89,560 
2021622,713 543,386 65,477 
Total$4,187,063 
Cumulative paid losses and allocated loss adjustment expenses, net of reinsurance
2012$6,984 $30,915 $58,650 $83,637 $108,660 $130,098 $143,885 $155,085 $163,016 $168,119 
20136,857 29,265 71,449 101,293 122,288 149,292 164,403 174,946 184,800 
20149,228 40,346 71,624 112,702 162,123 191,305 211,643 224,101 
201511,139 44,605 88,515 139,492 181,704 211,715 227,697 
201611,709 41,979 87,616 136,870 164,662 194,773 
201713,408 52,356 99,874 135,111 165,606 
201817,025 63,848 115,137 154,248 
201918,431 73,222 121,859 
202024,509 76,743 
202126,301 
Total1,544,247 
All outstanding liabilities before 2012, net of reinsurance242,741 
Liabilities for losses and loss adjustment expenses, net of reinsurance$2,885,557 
Third party claims-made business ($000’s except claim count)
Incurred losses and allocated loss adjustment expenses, net of reinsuranceDecember 31, 2021
Total of IBNR liabilities plus expected development on reported claimsCumulative
number of reported claims
Year ended December 31,
Accident year2012
unaudited
2013
unaudited
2014
unaudited
2015
unaudited
2016
unaudited
2017
unaudited
2018
unaudited
2019
unaudited
2020
unaudited
2021
2012$317,654 $320,207 $318,453 $313,907 $291,316 $275,665 $277,683 $285,163 $285,527 $286,118 $11,570 15,576 
2013301,956 320,659 324,442 320,524 294,674 291,205 281,996 271,501 273,948 11,739 15,696 
2014264,537 279,846 299,104 279,043 282,058 298,017 292,247 288,318 22,336 15,676 
2015258,989 277,615 276,492 260,063 255,432 252,478 267,925 20,617 14,724 
2016275,394 291,645 308,453 314,747 322,042 327,230 42,509 15,749 
2017271,088 286,565 312,554 308,917 323,854 60,718 16,404 
2018273,521 315,085 320,653 337,083 85,411 15,854 
2019290,217 318,469 318,498 119,673 12,982 
2020384,852 414,580 240,888 10,049 
2021516,420 435,910 8,550 
Total$3,353,974 
Cumulative paid losses and allocated loss adjustment expenses, net of reinsurance
2012$17,718 $69,069 $121,211 $164,724 $190,395 $209,295 $227,389 $251,313 $255,337 $260,173 
201319,032 87,458 137,963 179,395 198,008 217,132 238,951 245,687 247,078 
201413,817 63,312 129,712 173,089 208,074 229,958 243,791 249,960 
20159,066 52,046 100,089 126,499 174,161 193,186 216,986 
201610,568 68,226 127,286 158,230 205,596 242,431 
20179,306 67,669 113,208 143,340 196,125 
201812,287 68,424 118,361 158,709 
201912,418 65,477 122,362 
202017,161 87,547 
202123,349 
Total1,804,720 
All outstanding liabilities before 2012, net of reinsurance64,171 
Liabilities for losses and loss adjustment expenses, net of reinsurance$1,613,425 
Multi-line and other specialty ($000’s except claim count)
Incurred losses and allocated loss adjustment expenses, net of reinsuranceDecember 31, 2021
Total of IBNR liabilities plus expected development on reported claimsCumulative
number of reported claims
Year ended December 31,
Accident year2012
unaudited
2013
unaudited
2014
unaudited
2015
unaudited
2016
unaudited
2017
unaudited
2018
unaudited
2019
unaudited
2020
unaudited
2021
2012$254,684 $265,479 $259,582 $257,240 $256,379 $248,066 $248,310 $245,205 $245,260 $243,849 $2,057 55,219 
2013266,089 274,285 265,594 265,672 253,554 254,916 250,252 247,443 246,682 3,461 71,613 
2014303,053 327,098 319,706 319,418 318,297 314,300 311,097 310,097 5,770 109,575 
2015335,250 358,587 357,364 365,362 357,123 349,895 347,669 7,201 148,924 
2016409,367 431,760 428,579 416,724 410,610 408,621 11,032 175,261 
2017483,414 502,068 492,166 501,753 505,135 16,867 219,810 
2018513,466 565,717 563,969 566,283 32,467 247,052 
2019568,337 613,673 641,832 63,880 235,824 
2020622,241 572,265 192,056 149,004 
2021637,258 361,237 75,250 
Total$4,479,691 
Cumulative paid losses and allocated loss adjustment expenses, net of reinsurance
2012$78,523 $166,414 $190,754 $209,916 $223,798 $232,640 $233,862 $237,221 $240,191 $239,928 
201386,911 151,897 181,721 214,941 226,769 235,801 237,863 238,792 239,831 
2014108,003 197,609 235,079 267,959 282,104 292,638 294,049 295,551 
2015138,393 236,516 278,265 306,313 321,395 327,082 330,872 
2016176,238 305,250 342,345 363,392 379,885 385,890 
2017181,454 343,049 381,419 424,219 446,749 
2018212,316 390,009 443,644 480,852 
2019212,629 386,894 488,094 
2020173,123 311,112 
2021157,346 
Total3,376,225 
All outstanding liabilities before 2012, net of reinsurance22,375 
Liabilities for losses and loss adjustment expenses, net of reinsurance$1,125,841 
Percentage annual payout by age
The following table presents the average annual percentage payout of incurred losses and allocated loss adjustment expenses by age, net of reinsurance, as of December 31, 2021:
Average annual percentage payout of incurred losses and allocated loss adjustment expenses by age, net of reinsurance
Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Property, energy, marine and aviation
19.3 %43.5 %19.1 %6.6 %1.4 %2.3 %3.2 %0.5 %0.3 %0.2 %
Third party occurrence business3.3 %9.3 %11.6 %11.0 %9.8 %8.7 %5.4 %4.1 %3.5 %2.1 %
Third party claims-made business
4.4 %18.0 %17.8 %12.3 %12.7 %7.9 %7.0 %4.3 %1.0 %1.7 %
Multi-line and other specialty34.7 %29.5 %11.0 %8.6 %4.6 %2.8 %0.7 %0.7 %0.8 %(0.1)%
Reinsurance  
Claims Development [Line Items]  
Claims development tables
The following tables present information on the reinsurance segment’s short-duration insurance contracts:
Casualty ($000’s)
Incurred losses and allocated loss adjustment expenses, net of reinsuranceDecember 31, 2021
Total of IBNR liabilities plus expected development on reported claimsCumulative
number of reported claims
Year ended December 31,
Accident year2012
unaudited
2013
unaudited
2014
unaudited
2015
unaudited
2016
unaudited
2017
unaudited
2018
unaudited
2019
unaudited
2020
unaudited
2021
2012$143,029 $141,202 $137,049 $125,104 $115,131 $109,788 $118,457 $121,721 $120,260 $119,222 $24,441 N/A
2013166,016 159,257 155,066 148,784 136,717 135,155 131,475 135,762 135,959 30,873 N/A
2014216,882 222,109 219,355 233,552 230,019 239,765 240,067 236,378 41,077 N/A
2015223,208 221,922 230,830 238,126 242,180 249,029 252,809 57,345 N/A
2016215,222 227,534 251,415 266,254 273,266 272,689 54,087 N/A
2017270,728 257,088 273,166 301,616 313,605 66,450 N/A
2018281,141 294,820 285,646 290,955 66,572 N/A
2019336,062 348,015 374,002 120,045 N/A
2020386,684 374,912 234,251 N/A
2021445,047 392,885 N/A
Total$2,815,578 
Cumulative paid losses and allocated loss adjustment expenses, net of reinsurance
2012$1,306 $8,486 $14,690 $25,523 $36,562 $47,807 $59,511 $69,877 $75,833 $79,364 
20132,480 9,930 23,044 43,069 54,567 63,136 70,803 76,703 81,856 
20143,920 16,061 40,804 63,441 91,098 114,456 134,529 145,376 
20154,463 20,275 47,288 71,098 96,835 120,566 138,035 
20165,739 25,649 51,684 86,798 113,835 132,814 
20176,429 30,360 64,075 113,307 137,921 
20187,580 31,218 106,571 129,196 
201915,815 57,643 96,935 
202017,730 50,603 
202114,794 
Total1,006,894 
All outstanding liabilities before 2012, net of reinsurance297,823 
Liabilities for losses and loss adjustment expenses, net of reinsurance$2,106,507 

Property catastrophe ($000’s)
Incurred losses and allocated loss adjustment expenses, net of reinsuranceDecember 31, 2021
Total of IBNR liabilities plus expected development on reported claimsCumulative
number of reported claims
Year ended December 31,
Accident year2012
unaudited
2013
unaudited
2014
unaudited
2015
unaudited
2016
unaudited
2017
unaudited
2018
unaudited
2019
unaudited
2020
unaudited
2021
2012$149,957 $122,942 $108,590 $102,114 $99,885 $99,071 $97,037 $97,145 $96,531 $96,447 $105 N/A
201367,257 47,780 36,401 31,902 29,345 28,617 27,727 27,865 27,657 (138)N/A
201445,159 30,877 25,296 22,412 20,652 19,945 19,841 19,615 (10)N/A
201533,579 18,075 11,580 5,585 3,775 3,130 2,920 67 N/A
201625,641 18,719 14,575 10,772 8,362 7,426 881 N/A
201787,504 54,768 50,553 36,846 25,121 (712)N/A
201877,868 60,418 41,642 27,657 4,783 N/A
201938,570 24,808 23,534 4,576 N/A
2020267,750 334,185 40,561 N/A
2021316,197 61,821 N/A
Total$880,759 
Cumulative paid losses and allocated loss adjustment expenses, net of reinsurance
2012$25,850 $70,832 $83,822 $90,727 $92,886 $94,015 $94,625 $95,312 $95,414 $95,606 
201312,200 19,201 24,038 25,894 27,652 27,891 27,892 28,597 28,346 
201413,622 19,939 18,402 19,231 18,821 19,013 19,154 19,241 
2015(3,152)(2,518)1,786 2,050 1,616 1,705 1,781 
2016(6,722)2,521 2,796 4,082 3,312 3,668 
201730,704 32,228 37,791 27,797 14,969 
201827,497 12,506 24,259 (4,612)
20193,834 12,680 18,134 
202053,275 155,063 
202164,764 
Total396,960 
All outstanding liabilities before 2012, net of reinsurance2,449 
Liabilities for losses and loss adjustment expenses, net of reinsurance$486,248 
Property excluding property catastrophe ($000’s)
Incurred losses and allocated loss adjustment expenses, net of reinsuranceDecember 31, 2021
Total of IBNR liabilities plus expected development on reported claimsCumulative
number of reported claims
Year ended December 31,
Accident year2012
unaudited
2013
unaudited
2014
unaudited
2015
unaudited
2016
unaudited
2017
unaudited
2018
unaudited
2019
unaudited
2020
unaudited
2021
2012$156,162 $121,808 $123,689 $119,124 $114,699 $112,477 $111,001 $108,436 $102,994 $103,367 $508 N/A
2013115,473 76,905 70,558 66,208 64,486 63,702 62,504 63,269 62,782 384 N/A
2014143,464 117,448 99,328 90,710 88,438 84,130 82,408 80,940 923 N/A
2015215,095 189,109 184,774 189,045 188,343 177,281 173,659 8,482 N/A
2016177,039 146,307 138,375 136,868 140,681 137,579 12,700 N/A
2017271,713 253,859 240,749 233,153 216,358 13,045 N/A
2018225,638 242,069 238,052 214,942 11,593 N/A
2019216,653 206,997 196,840 17,777 N/A
2020371,752 343,078 51,075 N/A
2021552,066 255,343 N/A
Total$2,081,611 
Cumulative paid losses and allocated loss adjustment expenses, net of reinsurance
2012$26,153 $78,080 $93,198 $101,868 $102,844 $103,480 $102,658 $102,598 $102,504 $102,525 
201325,993 42,737 49,816 52,997 53,796 55,676 61,183 62,113 62,139 
201423,496 62,800 71,692 76,634 78,274 78,657 78,567 78,268 
201575,622 119,237 149,814 160,848 166,025 159,675 159,925 
201633,400 95,616 99,428 104,984 112,838 115,102 
201727,569 125,768 158,066 166,087 181,628 
201830,047 108,863 153,944 169,054 
201943,230 124,222 150,931 
2020101,969 208,888 
2021136,712 
Total1,365,172 
All outstanding liabilities before 2012, net of reinsurance7,595 
Liabilities for losses and loss adjustment expenses, net of reinsurance$724,034 

Marine and aviation ($000’s)
Incurred losses and allocated loss adjustment expenses, net of reinsuranceDecember 31, 2021
Total of IBNR liabilities plus expected development on reported claimsCumulative
number of reported claims
Year ended December 31,
Accident year2012
unaudited
2013
unaudited
2014
unaudited
2015
unaudited
2016
unaudited
2017
unaudited
2018
unaudited
2019
unaudited
2020
unaudited
2021
2012$58,992 $58,868 $55,053 $52,286 $51,079 $49,727 $46,046 $43,028 $41,182 $40,016 $1,005 N/A
201338,881 37,668 36,653 35,251 35,157 34,415 33,970 30,316 27,605 2,394 N/A
201430,958 29,159 27,373 25,674 23,677 23,310 22,031 21,984 4,909 N/A
201533,646 37,505 31,790 31,736 30,789 28,464 27,680 3,867 N/A
201627,351 22,747 23,567 19,273 16,969 15,019 6,708 N/A
201728,800 26,346 23,830 20,827 19,903 6,387 N/A
201828,017 26,084 24,615 24,756 6,452 N/A
201948,929 55,307 60,983 15,112 N/A
202083,457 76,598 36,671 N/A
2021111,046 89,459 N/A
Total$425,590 
Cumulative paid losses and allocated loss adjustment expenses, net of reinsurance
2012$2,658 $11,433 $27,528 $33,313 $35,055 $36,257 $37,746 $38,038 $38,131 $38,116 
20134,945 13,731 18,415 21,388 22,398 23,672 24,049 23,786 23,753 
20144,177 7,985 11,590 12,469 14,645 15,080 15,956 16,036 
201513,418 19,023 20,861 22,629 22,306 22,445 
2016(7,333)(1,687)521 3,261 5,864 6,767 
20171,660 6,541 9,367 11,030 11,632 
20182,005 6,968 11,236 13,585 
201910,756 21,580 29,068 
20209,220 26,519 
20218,643 
Total196,564 
All outstanding liabilities before 2012, net of reinsurance16,855 
Liabilities for losses and loss adjustment expenses, net of reinsurance$245,881 
Other specialty ($000’s)
Incurred losses and allocated loss adjustment expenses, net of reinsuranceDecember 31, 2021
Total of IBNR liabilities plus expected development on reported claimsCumulative
number of reported claims
Year ended December 31,
Accident year2012
unaudited
2013
unaudited
2014
unaudited
2015
unaudited
2016
unaudited
2017
unaudited
2018
unaudited
2019
unaudited
2020
unaudited
2021
2012$222,558 $211,839 $202,046 $196,138 $193,882 $196,539 $194,726 $189,193 $181,246 $179,364 $2,392 N/A
2013252,744 226,032 216,250 212,721 213,614 211,261 210,825 204,894 201,830 6,409 N/A
2014274,826 256,332 258,114 251,474 246,393 248,083 243,652 237,478 7,857 N/A
2015209,764 201,057 199,468 196,521 196,840 193,626 182,162 8,549 N/A
2016223,191 220,661 215,078 209,564 215,614 210,344 13,182 N/A
2017269,254 258,419 247,203 245,505 241,598 30,855 N/A
2018320,538 316,231 308,190 324,536 40,807 N/A
2019360,854 341,409 326,168 51,165 N/A
2020533,861 460,084 102,130 N/A
2021582,446 300,667 N/A
Total$2,946,010 
Cumulative paid losses and allocated loss adjustment expenses, net of reinsurance
2012$45,663 $121,679 $144,429 $155,445 $163,160 $167,164 $171,519 $173,305 $173,606 $173,494 
201357,317 119,445 145,521 161,608 171,189 176,483 183,772 184,111 186,956 
201468,869 146,652 182,184 195,433 201,974 212,991 215,597 219,060 
201554,359 114,382 138,350 145,419 154,369 162,314 164,471 
201665,055 138,648 162,661 174,403 186,247 189,411 
201773,366 164,829 192,274 199,051 205,998 
201871,167 201,732 231,358 245,330 
201979,718 158,132 216,647 
202097,617 243,980 
2021126,635 
Total1,971,982 
All outstanding liabilities before 2012, net of reinsurance7,777 
Liabilities for losses and loss adjustment expenses, net of reinsurance$981,805 
Percentage annual payout by age
The following table presents the average annual percentage payout of incurred losses and allocated loss adjustment expenses by age, net of reinsurance, as of December 31, 2021:
Average annual percentage payout of incurred losses and allocated loss adjustment expenses by age, net of reinsurance
Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Casualty
2.5 %7.3 %11.6 %11.3 %9.6 %8.4 %7.7 %5.9 %4.4 %3.0 %
Property catastrophe21.6 %30.0 %32.8 %(14.2)%(11.6)%2.2 %1.0 %1.2 %(0.4)%0.2 %
Property excluding property catastrophe
26.7 %38.9 %13.3 %5.8 %3.4 %0.4 %2.0 %0.4 %— %— %
Marine and aviation
4.9 %26.9 %19.0 %10.3 %7.4 %2.9 %2.4 %— %0.1 %— %
Other specialty26.3 %34.2 %12.9 %5.2 %4.2 %3.1 %2.1 %0.9 %0.8 %(0.1)%
Mortgage  
Claims Development [Line Items]  
Claims development tables
The following table presents information on the mortgage segment’s short-duration insurance contracts:
U.S. primary mortgage insurance ($000’s except claim count)
Incurred losses and allocated loss adjustment expenses, net of reinsuranceDecember 31, 2021
Total of IBNR liabilities plus expected development on reported claimsCumulative
number of paid claims
Year ended December 31,
Accident year2012
unaudited
2013
unaudited
2014
unaudited
2015
unaudited
2016
unaudited
2017
unaudited
2018
unaudited
2019
unaudited
2020
unaudited
2021
2012$520,835 $480,592 $475,317 $469,238 $467,296 $459,467 $458,065 $456,286 $456,331 $456,362 15,080 
2013469,311 419,668 411,793 405,809 395,693 393,149 390,987 391,062 391,324 9,468 
2014316,095 297,151 279,434 266,027 265,992 261,091 262,682 262,829 6,299 
2015222,790 197,238 198,001 194,677 189,235 190,913 190,560 4,554 
2016183,556 170,532 148,715 140,608 142,392 141,657 3,424 
2017179,376 132,220 107,255 108,181 109,242 2,474 
2018132,318 96,357 89,120 87,962 60 1,635 
2019108,424 119,253 110,362 181 851 
2020420,003 373,533 2,686 189 
2021144,375 2,246 11 
Total$2,268,206 
Cumulative paid losses and allocated loss adjustment expenses, net of reinsurance
2012(106,065)186,605 327,605 395,695 426,024 441,577 448,151 452,348 453,587 453,986 
201341,447 203,957 308,956 353,189 373,909 382,200 386,853 387,894 387,879 
201420,099 129,159 201,925 233,879 247,038 254,175 256,285 256,875 
201516,159 92,431 151,222 171,337 180,321 183,472 184,025 
201611,462 72,201 113,357 127,286 131,161 131,717 
20178,622 48,112 78,650 87,317 89,756 
20183,966 31,478 50,135 55,853 
20192,899 20,105 29,102 
20201,040 4,144 
2021469 
1,593,806 
All outstanding liabilities before 2012, net of reinsurance14,288 
Liabilities for losses and loss adjustment expenses, net of reinsurance$688,688 
Percentage annual payout by age
The following table presents the average annual percentage payout of incurred losses and allocated loss adjustment expenses by age, net of reinsurance, as of December 31, 2021:
Average annual percentage payout of incurred losses and allocated loss adjustment expenses by age, net of reinsurance
Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
U.S. Primary2.7 %34.9 %25.3 %10.5 %4.4 %2.1 %0.9 %0.5 %0.1 %0.1 %