Total Losses and Loss Adjustment Expense Liabilities, and Reconciliation of Beginning and Ending Balances | The table below provides a reconciliation of the beginning and ending liability for losses and LAE for the years ended December 31, 2016 , 2015 and 2014 : 2016 2015 2014 Balance as at January 1 $ 201,017 $ 212,611 $ 215,392 Less: reinsurance reserves recoverable 25,852 28,278 25,055 Net balance as at January 1 175,165 184,333 190,337 Net incurred losses and LAE: Current period 71,358 69,400 74,094 Prior periods (12,971 ) (21,921 ) (18,666 ) Total net incurred losses and LAE 58,387 47,479 55,428 Net paid losses: Current period (23,582 ) (21,145 ) (29,626 ) Prior periods (24,416 ) (30,890 ) (27,985 ) Total net paid losses (47,998 ) (52,035 ) (57,611 ) Effect of exchange rate movement (3,441 ) (4,612 ) (3,821 ) Acquired on purchase of subsidiaries — — — Net balance as at December 31 182,113 175,165 184,333 Plus: reinsurance reserves recoverable 30,009 25,852 28,278 Balance as at December 31 $ 212,122 $ 201,017 $ 212,611 The table below provides a reconciliation of the beginning and ending liability for losses and LAE for the years ended December 31, 2016 , 2015 and 2014: 2016 2015 2014 Balance as at January 1 $ 933,678 $ 861,800 $ — Less: reinsurance reserves recoverable 299,783 325,209 — Net balance as at January 1 633,895 536,591 — Net incurred losses and LAE: Current period 415,829 367,040 229,488 Prior periods (14,236 ) (39,356 ) (11,059 ) Total net incurred losses and LAE 401,593 327,684 218,429 Net paid losses: Current period (52,128 ) (62,739 ) (49,489 ) Prior periods (199,125 ) (149,820 ) (80,315 ) Total net paid losses (251,253 ) (212,559 ) (129,804 ) Effect of exchange rate movement (15,984 ) (17,821 ) (16,716 ) Acquired on purchase of subsidiaries — — 464,682 Assumed business — — — Ceded business (66,100 ) — — Net balance as at December 31 702,151 633,895 536,591 Plus: reinsurance reserves recoverable 357,231 299,783 325,209 Balance as at December 31 $ 1,059,382 $ 933,678 861,800 The table below provides a reconciliation of the beginning and ending reserves for losses and LAE for the years ended December 31, 2016 , 2015 and 2014 for the Non-life Run-off segment: 2016 2015 2014 Balance as at January 1 $ 4,585,454 $ 3,435,010 $ 4,004,513 Less: reinsurance reserves recoverable 1,034,747 800,709 1,121,533 Less: deferred charge on retroactive reinsurance 255,911 — — Net balance as at January 1 3,294,796 2,634,301 2,882,980 Net incurred losses and LAE: Current period 5,829 39,924 24,235 Prior periods (291,710 ) (310,754 ) (288,946 ) Total net incurred losses and LAE (285,881 ) (270,830 ) (264,711 ) Net paid losses: Current period (3,869 ) (16,049 ) (87,681 ) Prior periods (529,937 ) (501,246 ) (312,415 ) Total net paid losses (533,806 ) (517,295 ) (400,096 ) Effect of exchange rate movement (27,478 ) (42,636 ) (49,267 ) Acquired on purchase of subsidiaries 10,019 878,815 436,765 Assumed business 1,340,444 612,441 28,630 Ceded business (177,235 ) — — Net balance as at December 31 3,620,859 3,294,796 2,634,301 Plus: reinsurance reserves recoverable 1,000,953 1,034,747 800,709 Plus: deferred charge on retroactive reinsurance 94,551 255,911 — Balance as at December 31 $ 4,716,363 $ 4,585,454 $ 3,435,010 The following table summarizes the liability for losses and LAE by segment as at December 31, 2016 and 2015 : 2016 2015 Non-life Run-off Atrium StarStone Total Non-life Atrium StarStone Total Outstanding losses $ 2,697,737 $ 67,379 $ 502,115 $ 3,267,231 $ 2,757,774 $ 68,913 $ 457,175 $ 3,283,862 IBNR 2,153,994 132,240 558,130 2,844,364 1,991,009 115,613 477,990 2,584,612 Fair value adjustments (135,368 ) 12,503 (863 ) (123,728 ) (163,329 ) 16,491 (1,487 ) (148,325 ) Total $ 4,716,363 $ 212,122 $ 1,059,382 $ 5,987,867 $ 4,585,454 $ 201,017 $ 933,678 $ 5,720,149 The table below provides a consolidated reconciliation of the beginning and ending liability for losses and LAE for the years ended December 31, 2016 , 2015 and 2014 : 2016 2015 2014 Balance as at January 1 $ 5,720,149 $ 4,509,421 $ 4,219,905 Less: reinsurance reserves recoverable 1,360,382 1,154,196 1,146,588 Less: deferred charge on retroactive reinsurance 255,911 — — Net balance as at January 1 4,103,856 3,355,225 3,073,317 Net incurred losses and LAE: Current period 493,016 476,364 327,817 Prior periods (318,917 ) (372,031 ) (318,671 ) Total net incurred losses and LAE 174,099 104,333 9,146 Net paid losses: Current period (79,579 ) (99,933 ) (166,796 ) Prior periods (753,478 ) (681,956 ) (420,715 ) Total net paid losses (833,057 ) (781,889 ) (587,511 ) Effect of exchange rate movement (46,903 ) (65,069 ) (69,804 ) Acquired on purchase of subsidiaries 10,019 878,815 901,447 Assumed business 1,340,444 612,441 28,630 Ceded business (243,335 ) — — Net balance as at December 31 4,505,123 4,103,856 3,355,225 Plus: reinsurance reserves recoverable 1,388,193 1,360,382 1,154,196 Plus: deferred charge on retroactive reinsurance 94,551 $ 255,911 — Balance as at December 31 $ 5,987,867 $ 5,720,149 $ 4,509,421 |
Schedule of Incurred Losses | Net incurred losses and LAE in the Atrium segment for the years ended December 31, 2016 , 2015 and 2014 were as follows: 2016 2015 2014 Prior Period Current Period Total Prior Period Current Period Total Prior Period Current Period Total Net losses paid $ 24,416 $ 23,582 $ 47,998 $ 30,890 $ 21,145 $ 52,035 $ 27,985 $ 29,626 $ 57,611 Net change in case and LAE reserves (13,115 ) 12,967 (148 ) (18,213 ) 17,504 (709 ) (16,986 ) 14,302 (2,684 ) Net change in IBNR reserves (20,543 ) 34,243 13,700 (27,382 ) 30,226 2,844 (18,114 ) 29,671 11,557 Increase (reduction) in estimates of net ultimate losses (9,242 ) 70,792 61,550 (14,705 ) 68,875 54,170 (7,115 ) 73,599 66,484 Increase (reduction) in provisions for unallocated LAE (421 ) 566 145 (608 ) 525 (83 ) (486 ) 495 9 Amortization of fair value adjustments (3,308 ) — (3,308 ) (6,608 ) — (6,608 ) (11,065 ) — (11,065 ) Net incurred losses and LAE $ (12,971 ) $ 71,358 $ 58,387 $ (21,921 ) $ 69,400 $ 47,479 $ (18,666 ) $ 74,094 $ 55,428 Net incurred losses and LAE for the years ended December 31, 2016 and 2015 were as follows: 2016 2015 Prior Current Total Prior Current Total Net losses paid $ 199,125 $ 52,128 $ 251,253 $ 149,820 $ 62,739 $ 212,559 Net change in case and LAE reserves (51,309 ) 124,358 73,049 15,772 61,447 77,219 Net change in IBNR reserves (156,546 ) 232,189 75,643 (200,730 ) 238,634 37,904 Increase (reduction) in estimates of net ultimate losses (8,730 ) 408,675 399,945 (35,138 ) 362,820 327,682 Increase (reduction) in provisions for unallocated LAE (3,611 ) 7,154 3,543 (683 ) 4,220 3,537 Amortization of fair value adjustments (1,895 ) — (1,895 ) (3,535 ) — (3,535 ) Net incurred losses and LAE $ (14,236 ) $ 415,829 $ 401,593 $ (39,356 ) $ 367,040 $ 327,684 Net incurred losses and LAE in the Non-life Run-off segment for the years ended December 31, 2016 , 2015 and 2014 were as follows: 2016 2015 2014 Prior Period Current Period Total Prior Period Current Period Total Prior Period Current Period Total Net losses paid $ 529,937 $ 3,869 $ 533,806 $ 501,246 $ 16,049 $ 517,295 $ 312,415 $ 87,681 $ 400,096 Net change in case and LAE reserves (608,168 ) (617 ) (608,785 ) (366,262 ) 10,927 (355,335 ) (285,814 ) (24,600 ) (310,414 ) Net change in IBNR reserves (349,726 ) 2,342 (347,384 ) (377,722 ) 12,948 (364,774 ) (262,384 ) (39,400 ) (301,784 ) Amortization of deferred charges 168,827 — 168,827 15,265 — 15,265 — — — Increase (reduction) in estimates of net ultimate losses (259,130 ) 5,594 (253,536 ) (227,473 ) 39,924 (187,549 ) (235,783 ) 23,681 (212,102 ) Increase (reduction) in provisions for bad debt (13,822 ) — (13,822 ) (25,271 ) — (25,271 ) (7,700 ) — (7,700 ) Increase (reduction) in provisions for unallocated LAE (44,190 ) 235 (43,955 ) (62,653 ) — (62,653 ) (49,445 ) 554 (48,891 ) Amortization of fair value adjustments 25,432 — 25,432 4,643 — 4,643 3,982 — 3,982 Net incurred losses and LAE $ (291,710 ) $ 5,829 $ (285,881 ) $ (310,754 ) $ 39,924 $ (270,830 ) $ (288,946 ) $ 24,235 $ (264,711 ) The tables below provide the components of net incurred losses and LAE by segment for the years ended December 31, 2016 , 2015 and 2014 : Year Ended December 31, 2016 Non-life Atrium StarStone Total Net losses paid $ 533,806 $ 47,998 $ 251,253 $ 833,057 Net change in case and LAE reserves (608,785 ) (148 ) 73,049 (535,884 ) Net change in IBNR reserves (347,384 ) 13,700 75,643 (258,041 ) Amortization of deferred charges 168,827 — — 168,827 Increase (reduction) in estimates of net ultimate losses (253,536 ) 61,550 399,945 207,959 Reduction in provisions for bad debt (13,822 ) — — (13,822 ) Increase (reduction) in provisions for unallocated LAE (43,955 ) 145 3,543 (40,267 ) Amortization of fair value adjustments 25,432 (3,308 ) (1,895 ) 20,229 Net incurred losses and LAE $ (285,881 ) $ 58,387 $ 401,593 $ 174,099 Year Ended December 31, 2015 Non-life Run-off Atrium StarStone Total Net losses paid $ 517,295 $ 52,035 $ 212,559 $ 781,889 Net change in case and LAE reserves (355,335 ) (709 ) 77,219 (278,825 ) Net change in IBNR reserves (364,774 ) 2,844 37,904 (324,026 ) Amortization of deferred charges 15,265 — — 15,265 Increase (reduction) in estimates of net ultimate losses (187,549 ) 54,170 327,682 194,303 Reduction in provisions for bad debt (25,271 ) — — (25,271 ) Increase (reduction) in provisions for unallocated LAE (62,653 ) (83 ) 3,537 (59,199 ) Amortization of fair value adjustments 4,643 (6,608 ) (3,535 ) (5,500 ) Net incurred losses and LAE $ (270,830 ) $ 47,479 $ 327,684 $ 104,333 Year Ended December 31, 2014 Non-life Atrium StarStone Total Net losses paid $ 400,096 $ 57,611 $ 129,804 $ 587,511 Net change in case and LAE reserves (310,414 ) (2,684 ) 37,604 (275,494 ) Net change in IBNR reserves (301,784 ) 11,557 58,870 (231,357 ) Amortization of deferred charges — — — — Increase (reduction) in estimates of net ultimate losses (212,102 ) 66,484 226,278 80,660 Increase in provisions for bad debt (7,700 ) — — (7,700 ) Reduction in provisions for unallocated LAE (48,891 ) 9 (5,088 ) (53,970 ) Amortization of fair value adjustments 3,982 (11,065 ) (2,761 ) (9,844 ) Net incurred losses and LAE $ (264,711 ) $ 55,428 $ 218,429 $ 9,146 |
Incurred and Paid Loss Development Information, and IBNR Liabilities and Cumulative Loss Frequency | Information about total IBNR liabilities and cumulative loss frequency as at December 31, 2016, including expected development on reported claims included within the net incurred losses and allocated LAE amounts for the StarStone segment, are set forth in the table below: As at December 31, 2016 Accident Year Incurred Losses and ALAE, Net of Reinsurance Total of IBNR plus Expected Development on Reported Losses Cumulative Number of Reported Claims 2007 $ 19,513 $ — 1,254 2008 48,609 — 1,715 2009 46,277 309 2,253 2010 160,093 763 4,247 2011 322,684 5,067 8,997 2012 329,426 18,372 11,098 2013 297,213 30,226 12,414 2014 279,432 55,291 15,057 2015 372,016 96,665 21,721 2016 271,950 136,314 17,074 Information about total IBNR liabilities and cumulative loss frequency as at December 31, 2016, including expected development on reported claims included within the net incurred losses and allocated LAE amounts for the Atrium segment, are set forth in the table below: As at December 31, 2016 Accident Year Incurred Losses and ALAE, Net of Reinsurance Total of IBNR plus Expected Development on Reported Losses Cumulative Number of Reported Claims 2007 $ 60,302 $ 1,610 282 2008 61,473 2,403 345 2009 45,060 1,822 377 2010 45,416 3,141 515 2011 67,924 3,926 765 2012 52,929 4,821 1,028 2013 55,288 7,694 1,582 2014 63,592 14,309 2,563 2015 67,927 23,553 3,936 2016 67,933 39,742 3,881 The following tables set forth information about incurred and paid loss development information for the Atrium segment as at December 31, 2016. The information related to incurred and paid loss development for the years ended December 31, 2007 through 2015 is presented as supplementary information and is unaudited. Incurred Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance For the Years Ended December 31, Accident Year 2007 (unaudited) 2008 (unaudited) 2009 (unaudited) 2010 (unaudited) 2011 (unaudited) 2012 (unaudited) 2013 (unaudited) 2014 (unaudited) 2015 (unaudited) 2016 2007 $ 39,003 $ 68,768 $ 62,305 $ 68,567 $ 68,842 $ 61,858 $ 60,418 $ 61,660 $ 60,162 $ 60,302 2008 58,537 74,652 75,261 71,965 69,378 62,490 62,217 62,969 61,473 2009 55,579 67,728 58,778 53,799 50,169 46,927 45,693 45,060 2010 76,056 70,280 57,182 51,139 50,202 45,960 45,416 2011 92,093 86,086 72,671 71,744 69,533 67,924 2012 71,370 58,991 56,729 55,091 52,929 2013 57,318 64,243 59,150 55,288 2014 62,613 65,737 63,592 2015 63,954 67,927 2016 67,933 Total $ 587,844 Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance For The Years Ended December 31, Accident Year 2007 (unaudited) 2008 (unaudited) 2009 (unaudited) 2010 (unaudited) 2011 (unaudited) 2012 (unaudited) 2013 (unaudited) 2014 (unaudited) 2015 (unaudited) 2016 2007 $ 13,878 $ 35,836 $ 41,837 $ 46,467 $ 48,544 $ 50,028 $ 54,298 $ 54,611 $ 55,857 $ 56,806 2008 15,060 36,785 47,151 51,838 54,750 56,563 57,760 58,320 57,891 2009 11,719 27,103 33,910 37,337 39,280 40,443 41,102 41,375 2010 11,243 24,678 31,653 35,859 38,293 39,294 39,868 2011 16,777 39,167 51,288 57,332 61,197 62,515 2012 11,059 31,041 37,532 41,677 43,929 2013 14,398 31,669 39,904 42,942 2014 17,359 33,830 40,907 2015 11,874 29,235 2016 13,513 Total $ 428,981 All outstanding liabilities for unpaid losses and LAE prior to 2007, net of reinsurance 10,443 Total outstanding liabilities for unpaid losses and LAE, net of reinsurance $ 169,306 The following tables set forth information about incurred and paid loss development information for the StarStone segment as at December 31, 2016. The information related to incurred and paid loss development for the years ended December 31, 2014 through 2015 is presented as supplementary information and is unaudited. This business was acquired on April 1, 2014, as described in Note 3 - "Acquisitions". The information in the incurred and paid loss development tables below is presented on a prospective basis from the date of our acquisition of StarStone; as providing pre-acquisition incurred losses by accident year for years prior to 2014 was determined to be impracticable. Incurred Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance For the Years Ended December 31, Accident Year 2014 (unaudited) 2015 (unaudited) 2016 2007 $ 18,453 $ 17,532 $ 19,513 2008 50,984 48,558 48,609 2009 45,340 39,411 46,277 2010 174,838 158,845 160,093 2011 324,625 308,384 322,684 2012 365,135 347,626 329,426 2013 342,406 308,840 297,213 2014 248,702 292,595 279,432 2015 365,426 372,016 2016 271,950 Total $ 2,147,213 Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance For The Years Ended December 31, Accident Year 2014 (unaudited) 2015 (unaudited) 2016 2007 $ 18,955 $ 18,986 $ 18,807 2008 48,991 49,170 48,734 2009 46,183 46,328 46,146 2010 145,427 155,431 154,101 2011 284,252 307,799 310,686 2012 224,506 260,323 278,308 2013 141,467 188,397 221,989 2014 42,486 113,340 163,515 2015 66,593 165,701 2016 57,753 Total $ 1,465,740 All outstanding liabilities for unpaid losses and LAE prior to 2007, net of reinsurance 1,210 Total outstanding liabilities for unpaid losses and LAE, net of reinsurance $ 682,683 The following tables set forth information about incurred and paid loss development information related to our workers' compensation category within the Non-life Run-off segment as at December 31, 2016. The information related to incurred and paid loss development for the years ended December 31, 2007 through 2015 is presented as supplementary information and is unaudited. Unpaid Reported Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance For the Years Ended December 31, Accident Year 2007 (unaudited) 2008 (unaudited) 2009 (unaudited) 2010 (unaudited) 2011 (unaudited) 2012 (unaudited) 2013 (unaudited) 2014 (unaudited) 2015 (unaudited) 2016 (unaudited) 2007 $ 106,913 $ 85,044 $ 72,373 $ 68,929 $ 59,768 $ 47,688 $ 51,970 $ 57,819 $ 31,975 $ 22,457 2008 103,568 93,156 86,070 68,516 48,864 42,524 36,483 28,878 22,378 2009 83,064 96,353 75,756 49,318 39,846 34,033 34,730 26,589 2010 104,493 111,772 75,569 56,334 44,754 42,383 34,640 2011 84,408 80,618 55,414 63,975 48,552 31,324 2012 66,109 65,078 79,952 62,339 40,728 2013 35,976 63,372 56,882 37,299 2014 14,179 25,152 20,144 2015 6,017 4,104 2016 209 Total $ 239,872 IBNR Losses and Loss Expenses, Net of Reinsurance For the Years Ended December 31, Accident Year 2007 (unaudited) 2008 (unaudited) 2009 (unaudited) 2010 (unaudited) 2011 (unaudited) 2012 (unaudited) 2013 (unaudited) 2014 (unaudited) 2015 (unaudited) 2016 (unaudited) 2007 $ 87,248 $ 38,830 $ 23,382 $ 9,993 $ 8,498 $ 7,006 $ 8,794 $ 7,450 $ 4,180 $ 8,488 2008 78,862 43,067 18,966 15,087 11,065 12,420 10,624 6,449 11,586 2009 77,265 35,477 19,247 16,686 11,426 9,391 11,165 16,294 2010 67,115 16,597 14,819 17,772 28,348 26,945 24,435 2011 69,544 24,162 15,610 54,890 46,320 34,572 2012 86,194 45,307 95,026 71,755 48,173 2013 43,419 110,706 75,839 48,022 2014 51,216 45,657 24,705 2015 9,596 2,846 2016 530 Total $ 219,651 The table below provides a summary of IBNR acquired in assumed loss portfolio transfer reinsurance transactions which is reflected on a prospective basis in the table above from the year in which the transaction occurred: For the Years Ended December 31, Accident Year 2007 (unaudited) 2008 (unaudited) 2009 (unaudited) 2010 (unaudited) 2011 (unaudited) 2012 (unaudited) 2013 (unaudited) 2014 (unaudited) 2015 (unaudited) 2016 (unaudited) Take-On IBNR for Assumed Business $ — $ — $ 5,323 $ 5,954 $ — $ — $ — $ — $ — $ 100,000 Incurred Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance For the Years Ended December 31, Accident Year 2007 (unaudited) 2008 (unaudited) 2009 (unaudited) 2010 (unaudited) 2011 (unaudited) 2012 (unaudited) 2013 (unaudited) 2014 (unaudited) 2015 (unaudited) 2016 2007 $ 267,160 $ 275,598 $ 293,677 $ 308,723 $ 323,278 $ 326,776 $ 345,358 $ 358,015 $ 335,568 $ 336,989 2008 265,651 300,657 325,463 341,690 342,397 354,645 361,369 357,863 361,402 2009 236,306 278,324 294,062 303,106 310,848 320,485 329,178 335,481 2010 256,618 291,192 308,810 326,412 337,002 344,185 347,575 2011 197,858 212,973 222,037 251,058 254,815 249,040 2012 189,571 198,054 230,513 225,014 221,803 2013 97,190 131,198 113,792 104,521 2014 73,154 82,487 77,180 2015 19,151 13,129 2016 873 Total $ 2,047,993 Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance For The Years Ended December 31, Accident Year 2007 (unaudited) 2008 (unaudited) 2009 (unaudited) 2010 (unaudited) 2011 (unaudited) 2012 (unaudited) 2013 (unaudited) 2014 (unaudited) 2015 (unaudited) 2016 2007 $ 72,998 $ 151,725 $ 197,923 $ 229,800 $ 255,011 $ 272,082 $ 284,594 $ 292,746 $ 299,413 $ 306,044 2008 83,221 164,433 220,427 258,086 282,468 299,701 314,261 322,537 327,438 2009 75,977 146,494 199,059 237,103 259,577 277,061 283,283 292,598 2010 85,009 162,822 218,422 252,306 263,900 274,857 288,499 2011 43,906 108,193 151,012 132,194 159,942 183,144 2012 37,267 87,669 55,534 90,921 132,902 2013 17,795 (42,879 ) (18,929 ) 19,200 2014 7,760 11,678 32,332 2015 3,538 6,178 2016 134 Total $ 1,588,469 All outstanding liabilities for unpaid losses and LAE prior to 2007, net of reinsurance 1,042,179 Total outstanding liabilities for unpaid losses and LAE, net of reinsurance $ 1,501,703 Information about total IBNR liabilities and cumulative loss frequency as at December 31, 2016, including expected development on reported claims included within the net incurred losses and allocated LAE amounts for the Non-life Run-off segment for the general casualty category, are set forth in the table below: As at December 31, 2016 Accident Year Incurred Losses and ALAE, Net of Reinsurance Total of IBNR plus Expected Development on Reported Losses Cumulative Number of Reported Claims 2007 $ 88,081 $ 1,579 15,904 2008 155,909 4,682 10,363 2009 173,855 5,247 10,378 2010 270,864 18,026 12,439 2011 191,245 20,683 10,247 2012 280,266 21,224 22,667 2013 122,148 16,534 15,136 2014 42,370 9,894 3,421 2015 16,292 7,573 871 2016 2,690 2,226 111 Information about total IBNR liabilities and cumulative loss frequency as at December 31, 2016, including expected development on reported claims included within the net incurred losses and allocated LAE amounts for the Non-life Run-off segment for workers' compensation, are set forth in the table below: As at December 31, 2016 Accident Year Incurred Losses and ALAE, Net of Reinsurance Total of IBNR plus Expected Development on Reported Losses Cumulative Number of Reported Claims 2007 $ 336,989 $ 8,488 44,305 2008 361,402 11,586 40,849 2009 335,481 16,294 41,127 2010 347,575 24,435 48,360 2011 249,040 34,572 46,975 2012 221,803 48,173 42,712 2013 104,521 48,022 22,189 2014 77,180 24,705 10,857 2015 13,129 2,846 2,869 2016 873 530 33 The following tables set forth information about incurred and paid loss development information related to our general casualty category within the Non-life Run-off segment as at December 31, 2016. The information related to incurred and paid loss development for the years ended December 31, 2007 through 2015 is presented as supplementary information and is unaudited. Unpaid Reported Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance For the Years Ended December 31, Accident Year 2007 (unaudited) 2008 (unaudited) 2009 (unaudited) 2010 (unaudited) 2011 (unaudited) 2012 (unaudited) 2013 (unaudited) 2014 (unaudited) 2015 (unaudited) 2016 (unaudited) 2007 $ 22,745 $ 26,555 $ 13,847 $ 10,053 $ 15,084 $ 8,757 $ 7,411 $ 6,302 $ 1,929 $ 2,679 2008 43,164 55,854 36,785 29,183 21,275 16,296 11,239 9,138 7,890 2009 19,205 37,028 45,685 34,708 22,834 15,044 14,562 11,333 2010 41,785 92,211 81,789 59,566 42,088 35,806 23,460 2011 19,805 48,609 33,465 32,499 25,227 19,945 2012 44,029 56,594 53,386 37,651 34,804 2013 20,677 23,432 22,681 16,995 2014 10,489 12,537 10,022 2015 3,294 4,356 2016 — 248 Total $ 131,732 IBNR Losses and Loss Expenses, Net of Reinsurance For the Years Ended December 31, Accident Year 2007 (unaudited) 2008 (unaudited) 2009 (unaudited) 2010 (unaudited) 2011 (unaudited) 2012 (unaudited) 2013 (unaudited) 2014 (unaudited) 2015 (unaudited) 2016 (unaudited) 2007 $ 8,983 $ 8,409 $ 6,108 $ 6,339 $ 7,485 $ 2,986 $ 3,996 $ 3,356 $ 1,049 $ 1,579 2008 16,731 4,956 15,134 12,253 5,605 7,528 6,491 8,450 4,682 2009 14,131 16,784 15,393 8,240 12,272 9,170 5,363 5,247 2010 22,364 25,904 16,032 28,064 19,770 13,513 18,026 2011 33,180 23,948 34,767 25,659 18,042 20,683 2012 61,807 64,756 45,872 19,383 21,224 2013 70,755 58,446 17,200 16,534 2014 32,309 12,839 9,894 2015 7,697 7,573 2016 2,226 Total $ 107,668 The table below provides a summary of IBNR acquired in assumed loss portfolio transfer reinsurance transactions which is reflected on a prospective basis in the table above from the year in which the transaction occurred: For the Years Ended December 31, Accident Year 2007 (unaudited) 2008 (unaudited) 2009 (unaudited) 2010 (unaudited) 2011 (unaudited) 2012 (unaudited) 2013 (unaudited) 2014 (unaudited) 2015 (unaudited) 2016 (unaudited) Take-On IBNR for Assumed Business $ — $ 10,740 $ — $ 3,633 $ — $ 25,703 $ — $ 5,263 $ 3,685 $ 36,501 Incurred Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance For the Years Ended December 31, Accident Year 2007 (unaudited) 2008 (unaudited) 2009 (unaudited) 2010 (unaudited) 2011 (unaudited) 2012 (unaudited) 2013 (unaudited) 2014 (unaudited) 2015 (unaudited) 2016 2007 $ 50,012 $ 69,095 $ 77,504 $ 81,587 $ 92,460 $ 86,583 $ 89,022 $ 87,929 $ 86,364 $ 88,081 2008 78,187 114,684 137,678 145,526 147,317 152,589 155,177 158,178 155,909 2009 47,683 95,064 128,373 146,500 164,233 168,363 173,304 173,855 2010 82,340 169,525 200,723 229,345 235,009 260,599 270,864 2011 73,694 134,667 166,450 177,382 186,384 191,245 2012 147,850 225,566 257,655 255,667 280,266 2013 117,545 135,171 113,574 122,148 2014 48,808 39,072 42,370 2015 12,949 16,292 2016 2,690 Total $ 1,343,720 Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance For The Years Ended December 31, Accident Year 2007 (unaudited) 2008 (unaudited) 2009 (unaudited) 2010 (unaudited) 2011 (unaudited) 2012 (unaudited) 2013 (unaudited) 2014 (unaudited) 2015 (unaudited) 2016 2007 $ 18,284 $ 34,131 $ 57,548 $ 65,195 $ 69,892 $ 74,840 $ 77,614 $ 78,271 $ 83,386 $ 83,823 2008 18,292 53,874 85,759 104,090 120,437 128,766 137,448 140,589 143,337 2009 14,347 41,253 67,294 103,552 129,127 144,148 153,379 157,275 2010 18,191 51,410 102,903 141,715 173,150 211,280 229,377 2011 20,709 62,110 98,218 119,224 143,116 150,616 2012 42,014 104,216 158,397 198,634 224,238 2013 26,112 53,293 73,693 88,618 2014 6,010 13,696 22,454 2015 1,958 4,364 2016 216 Total $ 1,104,318 All outstanding liabilities for unpaid losses and LAE prior to 2007, net of reinsurance 266,163 Total outstanding liabilities for unpaid losses and LAE, net of reinsurance $ 505,565 |