XML 43 R28.htm IDEA: XBRL DOCUMENT
v3.19.2

Property and Casualty Unpaid Claims and Claim Expenses (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2019
Insurance Loss Reserves [Abstract] |
Reconciliation of property and casualty unpaid claims and claim expenses | 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.
($ in thousands) |  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2019 |  | 2018 |  | 2019 |  | 2018
Property and Casualty |  |  |  |  |  |  |  |  |  |
Beginning gross reserves (1) |  | $ | 359,701 |  |  | $ | 331,255 |  |  | $ | 367,180 |  |  | $ | 319,182 |
Less: reinsurance recoverables |  | 78,328 |  |  | 62,917 |  |  | 89,725 |  |  | 57,409 |
Net reserves, beginning of period (2) |  | 281,373 |  |  | 268,338 |  |  | 277,455 |  |  | 261,773 |
Incurred claims and claim expenses: |  |  |  |  |  |  |  |  |  |
Claims occurring in the current period |  | 134,411 |  |  | 147,005 |  |  | 253,178 |  |  | 267,993 |
Decrease in estimated reserves for claims occurring in prior periods (3) |  | (2,000 | ) |  | — |  |  | (4,000 | ) |  | (300 | )
Total claims and claim expenses incurred (4) |  | 132,411 |  |  | 147,005 |  |  | 249,178 |  |  | 267,693 |
Claims and claim expense payments for claims occurring during: |  |  |  |  |  |  |  |  |  |
Current period |  | 83,755 |  |  | 80,403 |  |  | 129,469 |  |  | 127,451 |
Prior periods |  | 39,512 |  |  | 45,006 |  |  | 106,647 |  |  | 112,081 |
Total claims and claim expense payments |  | 123,267 |  |  | 125,409 |  |  | 236,116 |  |  | 239,532 |
Net reserves, end of period (2) |  | 290,517 |  |  | 289,934 |  |  | 290,517 |  |  | 289,934 |
Plus: reinsurance recoverables |  | 77,345 |  |  | 62,883 |  |  | 77,345 |  |  | 62,883 |
Ending gross reserves (1) |  | $ | 367,862 |  |  | $ | 352,817 |  |  | $ | 367,862 |  |  | $ | 352,817 |
________________
(1) | Unpaid claims and claim expenses as reported in the Consolidated Balance Sheets also include reserves for Life and Retirement of $30,477 thousand and $27,016 thousand as of June 30, 2019 and 2018, respectively, in addition to Property and Casualty 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 Life and Retirement of $20,281 thousand and $42,898 thousand for the three and six month periods ended June 30, 2019, respectively, in addition to Property and Casualty amounts. Benefits, claims and settlement expenses for Life and Retirement were $21,273 thousand and $44,147 thousand for the three and six month periods ended June 30, 2018, respectively.

X
- References No definition available. + Details
Name: | us-gaap_InsuranceLossReservesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration