Reserves for Insurance Claims and Claim Expenses (Tables)
 6 Months Ended
Jun. 30, 2018
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 claim expenses:
 
For the six months ended June 30,
 
2018
 
2017
 
(In Thousands)
Beginning balance
$
8,761

 
$
3,001

Less reinsurance recoverables (1)
(1,902
)
 
(297
)
Beginning balance, net of reinsurance recoverables
6,859

 
2,704

 
 
 
 
Add claims incurred:
 
 
 
Claims and claim expenses incurred:
 
 
 
Current year (2)
3,152

 
2,331

Prior years (3)
(940
)
 
(323
)
Total claims and claims expenses incurred
2,212

 
2,008

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

 
—

Prior years (3)
852

 
563

Total claims and claim expenses paid
852

 
563

 
 
 
 
Reserve at end of period, net of reinsurance recoverables
8,219

 
4,149

Add reinsurance recoverables (1)
2,382

 
899

Ending balance
$
10,601

 
$
5,048


(1) Related to ceded losses recoverable on the QSR Transactions, 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.