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

6 Months Ended

Jun. 30, 2019

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

Summary Of Activity In The Reserve For Losses And LAE

	Six Months Ended
	June 30,
(Dollars in thousands)	2019			2018
Gross reserves beginning of period	$	13,119,090		$	11,884,321
Less reinsurance recoverables		(1,619,641)			(1,212,649)
Net reserves beginning of period		11,499,449			10,671,672
Incurred related to:
Current year		2,135,335			1,963,766
Prior years		7,845			434,725
Total incurred losses and LAE		2,143,180			2,398,491
Paid related to:
Current year		374,123			490,884
Prior years		1,598,544			2,089,606
Total paid losses and LAE		1,972,667			2,580,490
Foreign exchange/translation adjustment		(57,392)			(67,978)
Net reserves end of period		11,612,570			10,421,695
Plus reinsurance recoverables		1,636,918			1,621,639
Gross reserves end of period	$	13,249,488		$	12,043,334
(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=116884095&loc=d3e14764-158437

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