Premiums and Reinsurance Related Information (Tables)

9 Months Ended

Sep. 30, 2020

The following is a summary of insurance and reinsurance financial information:


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,

(In thousands)	2020		2019		2020		2019
Written premiums:
Direct	$	2,018,530	$	1,853,881	$	5,875,379	$	5,566,728
Assumed	244,015		239,169		750,784		662,412
Ceded	(383,229)		(343,144)		(1,161,183)		(1,026,169)
Total net premiums written	$	1,879,316	$	1,749,906	$	5,464,980	$	5,202,971

Earned premiums:
Direct	$	1,877,234	$	1,797,726	$	5,511,791	$	5,294,773
Assumed	237,815		209,094		699,025		595,946
Ceded	(366,128)		(330,010)		(1,093,563)		(974,212)
Total net premiums earned	$	1,748,921	$	1,676,810	$	5,117,253	$	4,916,507

Ceded losses and loss expenses incurred	$	209,706	$	172,009	$	677,761	$	584,323
Ceded commissions earned	$	89,104	$	76,001	$	255,742	$	220,110

Premium receivable, allowance for credit loss

The following table presents the rollforward of the allowance for expected credit losses for premiums and fees receivable for the nine months ended September 30, 2020:


(In thousands)
Allowance for expected credit losses at January 1, 2020	$	19,823
Cumulative effect adjustment resulting from changes in accounting principles	1,270
Provision for expected credit losses	1,940
Allowance for expected credit losses at September 30, 2020	$	23,033

The following table presents the rollforward of the allowance for expected credit losses for premiums and fees receivable for the three months ended September 30, 2020:


(In thousands)
Allowance for expected credit losses at July 1, 2020	$	22,106
Provision for expected credit losses	927
Allowance for expected credit losses at September 30, 2020	$	23,033

Reinsurance Recoverable, Allowance for Credit Loss

The following table presents the rollforward of the allowance for expected credit losses associated with due from reinsurers for the nine months ended September 30, 2020:


(In thousands)
Allowance for expected credit losses at January 1, 2020	$	690
Cumulative effect adjustment resulting from changes in accounting principles	5,927
Provision for expected credit losses	1,124
Allowance for expected credit losses at September 30, 2020	$	7,741

The following table presents the rollforward of the allowance for expected credit losses associated with due from reinsurers for the three months ended September 30, 2020:


(In thousands)
Allowance for expected credit losses at July 1, 2020	$	7,175
Provision for expected credit losses	566
Allowance for expected credit losses at September 30, 2020	$	7,741