• Filing Date: 2014-03-12
  • Form Type: 10-K
  • Description: Annual report
v2.4.0.8
Losses and Loss Adjustment Expenses (Tables)
12 Months Ended
Dec. 31, 2013
Insurance [Abstract]  
Liability for Losses and Loss Adjustment Expenses

Activity in the liability for losses and LAE is summarized as follows:

 

     Years Ended December 31,  
     2013     2012     2011  

Balance, beginning of year

   $ 41,168      $ 27,424      $ 22,146   
  

 

 

   

 

 

   

 

 

 

Incurred related to:

      

Current year

     67,579        66,425        43,613   

Prior years

     (2,456     (115     4,630   
  

 

 

   

 

 

   

 

 

 

Total incurred

     65,123        66,310        48,243   
  

 

 

   

 

 

   

 

 

 

Paid related to:

      

Current year

     (40,240     (36,914     (26,132

Prior years

     (22,365     (15,652     (16,833
  

 

 

   

 

 

   

 

 

 

Total paid

     (62,605     (52,566     (42,965
  

 

 

   

 

 

   

 

 

 

Balance, end of year

   $ 43,686      $ 41,168      $ 27,424