Reserves for Insurance Claims and Claims Expenses (Tables)
 6 Months Ended
Jun. 30, 2017
Insurance [Abstract]  
Reconciliation of Liability for Insurance Claims and Claims Expenses
The following table provides a reconciliation of the beginning and ending reserve balances for primary insurance claims and claims expenses:
 
For the six months ended June 30,
 
2017
 
2016
 
(In Thousands)
Beginning balance
$
3,001

 
$
679

Less reinsurance recoverables (1)
(297
)
 
—

Beginning balance, net of reinsurance recoverables
2,704

 
679

 
 
 
 
Add claims incurred:
 
 
 
Claims and claim expenses incurred:
 
 
 
Current year (2)
2,331

 
1,113

Prior years 
(323
)
 
(185
)
Total claims and claims expenses incurred
2,008

 
928

 
 
 
 
Less claims paid:
 
 
 
Claims and claim expenses paid:
 
 
 
Current year (2)
—

 
—

Prior years (3)
563

 
132

Total claims and claim expenses paid
563

 
132

 
 
 
 
Reserve at end of period, net of reinsurance recoverables
4,149

 
1,475

Add reinsurance recoverables (1)
899

 
—

Balance, June 30
$
5,048

 
$
1,475


(1) Related to ceded losses recoverable on the 2016 QSR Transaction, included in "Other Assets" on the Condensed Consolidated Balance Sheets. See Note 5, "Reinsurance" for additional information.
(2) Related to insured loans with their most recent defaults occurring in the current year. For example, if a loan had defaulted in a prior year and subsequently cured and later re-defaulted in the current year, that default would be included in the current year.
(3) Related to insured loans with defaults occurring in prior years, which have been continuously in default since that time.