REINSURANCE (Tables)

3 Months Ended

Mar. 31, 2019

Reinsurance Disclosures [Abstract]

Reinsurance Recoverables

Reinsurance recoverable, net consisted of the following:

໿

	March 31,		December 31,
	2019		2018
	(In thousands)
Reinsurance recoverable on paid losses	$	67,629	$	45,028
Reinsurance recoverable on unpaid losses	234,293		166,396
Reinsurance recoverable, net	$	301,922	$	211,424

Premiums Written and Earned

Net premiums written and net premiums earned consisted of the following:

໿

໿

	Three Months Ended
	March 31,
	2019			2018
	(In thousands)
Net Premiums Written
Direct	$	132,233		$	134,395
Ceded	(11,793		)	(20,107		)
	$	120,440		$	114,288
Net Premiums Earned
Direct	$	138,367		$	146,442
Ceded	(49,583		)	(64,333		)
	$	88,784		$	82,109