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Liability for Unpaid Losses and Loss Adjustment Expense (Tables) | 12 Months Ended
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Dec. 31, 2021
Claims Development |
Schedule of Liability for Unpaid Claims and Claims Adjustment Expense | The table below shows the analysis of our reserve for unpaid losses for each of our last three fiscal years on a GAAP basis:
| 2021 |  | 2020 |  | 2019
Balance at January 1 | $ | 1,089,966 |  |  | $ | 760,357 |  |  | $ | 661,203 |
Less: reinsurance recoverable on unpaid losses | 674,746 |  |  | 482,315 |  |  | 477,870 |
Net balance at January 1 | $ | 415,220 |  |  | $ | 278,042 |  |  | $ | 183,333 |
Incurred related to: |  |  |  |  |
Current year | 394,278 |  |  | 615,102 |  |  | 466,359 |
Prior years | 27,856 |  |  | (6,786) |  |  | 33,134 |
Total incurred | $ | 422,134 |  |  | $ | 608,316 |  |  | $ | 499,493 |
Paid related to: |  |  |  |  |
Current year | 202,202 |  |  | 320,389 |  |  | 275,488 |
Prior years | 300,302 |  |  | 150,749 |  |  | 129,296 |
Total paid | $ | 502,504 |  |  | $ | 471,138 |  |  | $ | 404,784 |
Net balance at December 31 | $ | 334,850 |  |  | $ | 415,220 |  |  | $ | 278,042 |
Plus: reinsurance recoverable on unpaid losses | 749,600 |  |  | 674,746 |  |  | 482,315 |
Balance at December 31 | $ | 1,084,450 |  |  | $ | 1,089,966 |  |  | $ | 760,357 |
Composition of reserve for unpaid losses and LAE: |  |  |  |  |
Case reserves | $ | 384,393 |  |  | $ | 392,717 |  |  | $ | 300,858 |
IBNR reserves | 700,057 |  |  | 697,249 |  |  | 459,499 |
Balance at December 31 | $ | 1,084,450 |  |  | $ | 1,089,966 |  |  | $ | 760,357 |
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability | The reconciliation of the net incurred and paid claims development tables to the liability for claims and claim adjustment expenses in the consolidated statement of financial position is as follows.
| December 31,
| 2021 |  | 2020
Net outstanding liabilities |  |  |
Personal Lines Operating Segment | $ | 250,950 |  |  | $ | 322,605 |
Commercial Lines Operating Segment | 72,390 |  |  | 75,804 |
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance | 323,340 |  |  | 398,409 |
Reinsurance recoverable on unpaid claims |  |  |
Personal Lines Operating Segment | 596,344 |  |  | 407,934 |
Commercial Lines Operating Segment | 153,256 |  |  | 266,812 |
Total reinsurance recoverable on unpaid claims | 749,600 |  |  | 674,746 |
Unallocated claims adjustment expenses | 11,510 |  |  | 16,811 |
Total gross liability for unpaid claims and claims adjustment expense | $ | 1,084,450 |  |  | $ | 1,089,966 |

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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
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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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- Definition Tabular disclosure for the reconciliation of claims development to the liability for unpaid claims and claim adjustment expense for short-duration insurance contracts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=116884468&loc=SL65671315-158438 + Details
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