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Reserve For Losses, LAE And Future Policy Benefit Reserve (Tables)

3 Months Ended

Mar. 31, 2019

Reserve For Losses LAE And Future Policy Benefit Reserve [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		$	13,119,090			$	11,884,321
Less reinsurance recoverables			(1,619,641	)			(1,212,649	)
Net reserves at January 1			11,499,449				10,671,672
Incurred related to:
Current year			1,050,116				5,264,327
Prior years			(1,566	)			387,076
Total incurred losses and LAE			1,048,550				5,651,403
Paid related to:
Current year			103,688				1,700,765
Prior years			817,006				3,011,175
Total paid losses and LAE			920,694				4,711,940
Foreign exchange/translation adjustment			(1,496	)			(111,686	)
Net reserves at December 31			11,625,810				11,499,449
Plus reinsurance recoverables			1,621,292				1,619,641
Gross reserves at December 31		$	13,247,102			$	13,119,090
(Some amounts may not reconcile due to rounding.)

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- Definition

Reserve For Losses LAE And Future Policy Benefit Reserve [Abstract]

+ References

No definition available.

+ Details

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- Definition

Tabular disclosure of the activity in the reserve for settling insured claims and expenses incurred in the claims settlement process for the period. The estimated liability includes the amount of money that will be required for future payments of (a) claims that have been reported to the insurer, (b) claims related to insured events that have occurred but that have not been reported to the insurer as of the date the liability is estimated, and (c) claim adjustment expenses. Claim adjustment expenses include costs incurred in the claim settlement process such as legal fees; outside adjuster fees; and costs to record, process, and adjust claims.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=99382578&loc=d3e14764-158437

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