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Property and Casualty Unpaid Claims and Claim Expenses | 3 Months Ended
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Mar. 31, 2017
Insurance Loss Reserves [Abstract] |
Property and Casualty Unpaid Claims and Claim Expenses | Note 5 - Property and Casualty Unpaid Claims and Claim Expenses The following table is a summary reconciliation of the beginning and ending Property and Casualty unpaid claims and claim expense reserves for the periods indicated. The table presents reserves on both gross and net (after reinsurance) bases. The total net Property and Casualty insurance claims and claim expense incurred amounts are reflected in the Consolidated Statements of Operations. The end of the period gross reserve (before reinsurance) balances and the reinsurance recoverable balances are reflected on a gross basis in the Consolidated Balance Sheets.
|  | March 31, |  | March 31,
|  | 2017 |  | 2016
Property and Casualty segment |  |  |  |  |  |  |  |  |  |
Gross reserves, beginning of year (1) |  |  | $ | 307,757 |  |  |  | $ | 301,569 |
Less: reinsurance recoverables |  |  |  | 61,199 |  |  |  |  | 50,332 |
Net reserves, beginning of year (2) |  |  |  | 246,558 |  |  |  |  | 251,237 |
Incurred claims and claim expenses: |  |  |  |  |  |  |  |  |  |
Claims occurring in the current year |  |  |  | 123,204 |  |  |  |  | 103,206 |
Decrease in estimated reserves for |  |  |  |  |  |  |  |  |  |
claims occurring in prior years (3) |  |  |  | (1,000 | ) |  |  |  | (2,000 | )
Total claims and claim expenses incurred (4) |  |  |  | 122,204 |  |  |  |  | 101,206 |
Claims and claim expense payments |  |  |  |  |  |  |  |  |  |
for claims occurring during: |  |  |  |  |  |  |  |  |  |
Current year |  |  |  | 52,380 |  |  |  |  | 39,081 |
Prior years |  |  |  | 62,013 |  |  |  |  | 54,515 |
Total claims and claim expense payments |  |  |  | 114,393 |  |  |  |  | 93,596 |
Net reserves, end of year (2) |  |  |  | 254,369 |  |  |  |  | 258,847 |
Plus: reinsurance recoverables |  |  |  | 61,804 |  |  |  |  | 60,429 |
Gross reserves, end of year (1) |  |  | $ | 316,173 |  |  |  | $ | 319,276 |
| (1) | Unpaid claims and claim expenses as reported in the Consolidated Balance Sheets also include reserves for the Life and Retirement segments of $23,860 and $24,993 as of March 31, 2017 and 2016, respectively, in addition to Property and Casualty segment reserves.
| (2) | Reserves net of anticipated reinsurance recoverables.
| (3) | Shows the amounts by which the Company decreased its reserves in each of the periods indicated for claims occurring in previous periods to reflect subsequent information on such claims and changes in their projected final settlement costs.
| (4) | Benefits, claims and settlement expenses as reported in the Consolidated Statements of Operations also include amounts for the Life and Retirement segments of $21,892 and $18,307 as of March 31, 2017 and 2016, respectively, in addition to the Property and Casualty segment amounts.
Net favorable development of total reserves for Property and Casualty claims occurring in prior years was $1,000 and $2,000 for the three month periods ended March 31, 2017 and 2016, respectively. The favorable development for both of the three month periods ended March 31, 2017 and 2016 was predominantly the result of favorable severity trends in homeowners loss emergence for accident years 2014 and prior.

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- Definition The entire disclosure for liabilities related to future policy benefits and unpaid claims and claim adjustments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6482852&loc=d3e14931-158439 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=65670824&loc=d3e14754-158437 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.13(a)(1),(b)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=65670824&loc=d3e14764-158437 + Details
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