Reinsurance Agreements (Tables)

12 Months Ended

Dec. 31, 2015

Reinsurance Agreements Tables

Primary reinsurance agreements

Crusader’s primary excess of loss reinsurance agreements during years ended December 31, 2015, 2014 and 2013 are as follows:

Loss Years	Reinsurers	A.M. Best Rating		Retention		Annual Aggregate Deductible
2013 – 2015	Platinum Underwriters Reinsurance, Inc. & Hannover Ruckversicherungs AG & TOA Reinsurance	A  A+  A+	$	500,000	$	—

Effect of reinsurance on premiums written, premiums earned, and incurred losses

The effect of reinsurance on written premium, earned premium and incurred losses and loss adjustment expenses is as follows:

	Year ended December 31
	2015			2014			2013
Written premium:
Direct business	$	36,374,509		$	32,810,088		$	31,214,091
Reinsurance ceded		(5,345,398	)		(5,025,798	)		(5,120,808	)
Net written premium	$	31,029,111		$	27,784,290		$	26,093,283
Earned premium:
Direct business	$	34,902,435		$	31,463,691		$	31,983,540
Reinsurance ceded		(5,328,639	)		(5,090,268	)		(5,121,233	)
Net earned premium	$	29,573,796		$	26,373,423		$	26,862,307
Incurred losses and loss adjustment expenses:
Direct	$	26,495,410		$	16,795,536		$	15,491,895
Ceded		(7,332,094	)		(2,178,418	)		597,280
Net incurred losses and loss adjustment expenses	$	19,163,316		$	14,617,118		$	16,089,175