Reinsurance Agreements (Tables)

12 Months Ended

Dec. 31, 2017

Reinsurance Agreements Tables

Primary reinsurance agreements

Crusader’s primary excess of loss reinsurance agreements during the years ended December 31, 2017 and 2016 are as follows:

Loss Year		Reinsurers	A.M. Best Rating	Retention
	2017	Renaissance Reinsurance U.S. Inc. & Hannover Ruck SE	A A+	$	500,000
	2016	Renaissance Reinsurance U.S. Inc. & Hannover Ruck SE & 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
	2017			2016
Written premium:
Direct business	$	38,393,351		$	38,749,097
Reinsurance ceded		(6,765,240	)		(6,124,575	)
Net written premium	$	31,628,111		$	32,624,522
Earned premium:
Direct business	$	38,999,827		$	37,453,619
Reinsurance ceded		(6,656,508	)		(6,097,248	)
Net earned premium	$	32,343,319		$	31,356,371
Incurred losses and loss adjustment expenses:
Direct	$	43,672,969		$	27,383,996
Ceded		(13,182,462	)		(4,557,118	)
Net incurred losses and loss adjustment expenses	$	30,490,507		$	22,826,878