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Unpaid Claims and Claim Expenses (Tables) | 9 Months Ended
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Sep. 30, 2020
Insurance Loss Reserves [Abstract] |
Reconciliation of property and casualty unpaid claims and claim expense | 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 a gross and net (after reinsurance) basis. 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.
($ in thousands) |  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Property and Casualty |  |  |  |  |  |  |  |
Beginning gross reserves (1) |  | $ | 388,491 |  |  | $ | 367,862 |  |  | $ | 386,976 |  |  | $ | 367,180 |
Less: reinsurance recoverables |  | 116,083 |  |  | 77,345 |  |  | 120,506 |  |  | 89,725 |
Net reserves, beginning of period (2) |  | 272,408 |  |  | 290,517 |  |  | 266,470 |  |  | 277,455 |
Incurred claims and claim expenses: |  |  |  |  |  |  |  |
Claims occurring in the current period |  | 125,622 |  |  | 122,470 |  |  | 340,243 |  |  | 375,648 |
Decrease in estimated reserves for claims occurring in prior periods (3) |  | (7,200) |  |  | (3,500) |  |  | (9,200) |  |  | (7,500) |
Total claims and claim expenses incurred (4) |  | 118,422 |  |  | 118,970 |  |  | 331,043 |  |  | 368,148 |
Claims and claim expense payments for claims occurring during: |  |  |  |  |  |  |  |
Current period |  | 91,008 |  |  | 101,499 |  |  | 195,891 |  |  | 230,968 |
Prior periods |  | 19,280 |  |  | 29,747 |  |  | 121,080 |  |  | 136,394 |
Total claims and claim expense payments |  | 110,288 |  |  | 131,246 |  |  | 316,971 |  |  | 367,362 |
Net reserves, end of period (2) |  | 280,542 |  |  | 278,241 |  |  | 280,542 |  |  | 278,241 |
Plus: reinsurance recoverables |  | 114,773 |  |  | 76,526 |  |  | 114,773 |  |  | 76,526 |
Ending gross reserves (1) |  | $ | 395,315 |  |  | $ | 354,767 |  |  | $ | 395,315 |  |  | $ | 354,767 |
(1)Unpaid claims and claim expenses as reported in the Consolidated Balance Sheets also include reserves for Supplemental, Life and Retirement of $59.2 million and $57.5 million as of September 30, 2020 and 2019, 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 Supplemental, Life and Retirement of $33.0 million and $102.1 million for the three and nine months ended September 30, 2020, respectively, in addition to Property and Casualty amounts. Benefits, claims and settlement expenses for Supplemental, Life and Retirement were $35.2 million and $78.1 million for the three and nine months ended September 30, 2019, respectively.

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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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