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Liability for Unpaid Losses and Loss Adjustment Expenses
 3 Months Ended
Mar. 31, 2019
Insurance [Abstract]  
Liability for Unpaid Losses and Loss Adjustment Expenses Liability for Unpaid Losses and Loss Adjustment Expenses
Set forth in the following table is the change in liability for unpaid losses and LAE for the periods presented (in thousands):
 
Three Months Ended March 31,
 
2019
 
2018
Balance at beginning of period
$
472,829

 
$
248,425

Less: Reinsurance recoverable
(393,365
)
 
(182,405
)
Net balance at beginning of period
79,464

 
66,020

Incurred (recovered) related to:
 

 
 

Current year
113,279

 
75,970

Prior years
(185
)
 
(44
)
Total incurred
113,094

 
75,926

Paid related to:
 

 
 

Current year
34,549

 
17,407

Prior years
60,724

 
65,253

Total paid
95,273

 
82,660

Net balance at end of period
97,285

 
59,286

Plus: Reinsurance recoverable
269,071

 
70,351

Balance at end of period
$
366,356

 
$
129,637