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Reserve For Losses, LAE And Future Policy Benefit Reserve (Tables) | 6 Months Ended
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Jun. 30, 2022
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) 2022 2021 Gross reserves beginning of period $ 19,009,486 $ 16,322,143 Less reinsurance recoverables on unpaid losses (1,946,365) (1,843,691) Net reserves beginning of period 17,063,121 14,478,452 Incurred related to: Current year 3,667,769 3,302,013 Prior years (1,659) (4,453) Total incurred losses and LAE 3,666,110 3,297,560 Paid related to: Current year 978,599 710,677 Prior years 1,483,844 1,399,579 Total paid losses and LAE 2,462,443 2,110,256 Foreign exchange/translation adjustment (259,484) 35,651 Net reserves end of period 18,007,304 15,701,407 Plus reinsurance recoverables on unpaid losses 1,985,750 1,862,760 Gross reserves end of period $ 19,993,054 $ 17,564,167 (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 + Details
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