Liability for Unpaid Losses and Loss Adjustment Expenses

6 Months Ended

Jun. 30, 2019

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 June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
Balance at beginning of period	$	366,356		$	129,637		$	472,829		$	248,425
Less: Reinsurance recoverable	(269,071		)	(70,351		)	(393,365		)	(182,405		)
Net balance at beginning of period	97,285			59,286			79,464			66,020
Incurred (recovered) related to:
Current year	112,626			87,532			225,905			163,502
Prior years	670			2,310			485			2,266
Total incurred	113,296			89,842			226,390			165,768
Paid related to:
Current year	89,093			50,572			123,642			67,979
Prior years	30,309			43,373			91,033			108,626
Total paid	119,402			93,945			214,675			176,605
Net balance at end of period	91,179			55,183			91,179			55,183
Plus: Reinsurance recoverable	197,117			96,733			197,117			96,733
Balance at end of period	$	288,296		$	151,916		$	288,296		$	151,916