• Filing Date: 2015-03-10
  • Form Type: 10-K
  • Description: Annual report
v2.4.1.9
Losses and Loss Adjustment Expenses (Tables)
12 Months Ended
Dec. 31, 2014
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,  
     2014      2013      2012  

Balance, beginning of year

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

 

 

    

 

 

    

 

 

 

Incurred related to:

Current year

  75,810      67,579      66,425   

Prior years

  3,658      (2,456   (115
  

 

 

    

 

 

    

 

 

 

Total incurred

  79,468      65,123      66,310   
  

 

 

    

 

 

    

 

 

 

Paid related to:

Current year

  (47,650   (40,240   (36,914

Prior years

  (26,596   (22,365   (15,652
  

 

 

    

 

 

    

 

 

 

Total paid

  (74,246   (62,605   (52,566
  

 

 

    

 

 

    

 

 

 

Balance, end of year

$ 48,908    $ 43,686    $ 41,168