XML 43 R32.htm IDEA: XBRL DOCUMENT v3.20.2

Liability for Unpaid Losses and Loss Adjustment Expenses (Tables)

9 Months Ended

Sep. 30, 2020

Insurance [Abstract]

Summarized Activity in Liability for Unpaid Losses and Loss Adjustment Expenses

Activity in the liability for unpaid losses and loss adjustment expenses is summarized as follows:

		Quarters Ended September 30,								Nine Months Ended September 30,
(Dollars in thousands)		2020				2019				2020				2019
Balance at beginning of period		$	651,073			$	608,773			$	630,181			$	680,031
Less: Ceded reinsurance receivables			87,221				59,834				76,273				109,342
Net balance at beginning of period			563,852				548,939				553,908				570,689
Incurred losses and loss adjustment expenses related to:
Current year			108,859				80,533				273,709				225,022
Prior years			(11,711	)			(6,950	)			(31,617	)			(23,043	)
Total incurred losses and loss adjustment expenses			97,148				73,583				242,092				201,979
Paid losses and loss adjustment expenses related to:
Current year			60,114				47,290				119,541				102,806
Prior years			29,612				20,789				105,185				115,419
Total paid losses and loss adjustment expenses			89,726				68,079				224,726				218,225
Net balance at end of period			571,274				554,443				571,274				554,443
Plus:  Ceded reinsurance receivables			98,656				78,844				98,656				78,844
Balance at end of period		$	669,930			$	633,287			$	669,930			$	633,287

X

- References

No definition available.

+ Details

Name:	us-gaap_InsuranceAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration