XML 53 R36.htm IDEA: XBRL DOCUMENT v3.3.1.900
Reserve for Losses and Loss Adjustment Expenses (Tables)
 12 Months Ended
Dec. 31, 2015
Insurance [Abstract]  
Summary of reserve for losses and loss adjustment expenses
Activity in the reserve for losses and loss adjustment expenses is summarized as follows:
(In thousands)
2015
 
2014
 
2013
Balance, beginning of year
$
2,058,266

 
$
2,072,822

 
$
2,054,994

Less reinsurance recoverables on unpaid losses and loss adjustment expenses
237,966

 
247,518

 
191,645

Net balance, beginning of year
1,820,300

 
1,825,304

 
1,863,349

Net reserves acquired from acquisitions
—

 
139,549

 
126,007

Net losses:
 
 
 
 
 
Current year
571,891

 
545,168

 
447,510

Favorable development of reserves established in prior years, net
(161,180
)
 
(182,084
)
 
(222,749
)
Total
410,711

 
363,084

 
224,761

Paid related to:
 
 
 
 
 
Current year
(84,186
)
 
(93,737
)
 
(43,616
)
Prior years
(390,849
)
 
(413,900
)
 
(345,197
)
Total paid
(475,035
)
 
(507,637
)
 
(388,813
)
Net balance, end of year
1,755,976

 
1,820,300

 
1,825,304

Plus reinsurance recoverables on unpaid losses and loss adjustment expenses
249,350

 
237,966

 
247,518

Balance, end of year
$
2,005,326

 
$
2,058,266

 
$
2,072,822