Reinsurance Agreements (Tables)

12 Months Ended

Dec. 31, 2016

Reinsurance Agreements Tables

Primary reinsurance agreements

Crusader’s primary excess of loss reinsurance agreements during years ended December 31, 2016, 2015, and 2014 are as follows: 

Loss Years	Reinsurers	A.M. Best Rating	Retention		Annual Aggregate Deductible
2014 – 2016	Renaissance Reinsurance U.S. Inc. & Hannover Ruckversicherungs AG & TOA Reinsurance of America	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
	2016			2015			2014
Written premium:
Direct business	$	38,749,097		$	36,374,509		$	32,810,088
Reinsurance ceded		(6,124,575	)		(5,345,398	)		(5,025,798	)
Net written premium	$	32,624,522		$	31,029,111		$	27,784,290
Earned premium:
Direct business	$	37,453,619		$	34,902,435		$	31,463,691
Reinsurance ceded		(6,097,248	)		(5,328,639	)		(5,090,268	)
Net earned premium	$	31,356,371		$	29,573,796		$	26,373,423
Incurred losses and loss adjustment expenses:
Direct	$	27,383,996		$	26,495,410		$	16,795,536
Ceded		(4,557,118	)		(7,332,094	)		(2,178,418	)
Net incurred losses and loss adjustment expenses	$	22,826,878		$	19,163,316		$	14,617,118