XML 36 R25.htm IDEA: XBRL DOCUMENT v3.25.1
Premiums and Reinsurance Related Information
 3 Months Ended
Mar. 31, 2025
Insurance [Abstract]  
Premiums and Reinsurance Related Information Premiums and Reinsurance Related Information
The following is a summary of insurance and reinsurance financial information:
For the Three Months
Ended March 31,
(In thousands)20252024
Written premiums:
Direct$3,310,893 $3,039,066 
Assumed373,046 323,689 
Ceded(550,637)(511,464)
Total net premiums written$3,133,302 $2,851,291 
Earned premiums:
Direct$3,233,843 $2,936,643 
Assumed339,596 337,911 
Ceded(561,058)(510,207)
Total net premiums earned$3,012,381 $2,764,347 
Ceded losses and loss expenses incurred$314,252 $305,951 
Ceded commissions earned$139,604 $121,054 
    The following table presents the rollforward of the allowance for expected credit losses for premiums and fees receivable for the three months ended March 31, 2025 and 2024:
(In thousands)20252024
Allowance for expected credit losses, beginning of period$39,884 $35,110 
Change in expected credit losses(1,023)(71)
Allowance for expected credit losses, end of period$38,861 $35,039 
The Company reinsures a portion of its insurance exposures in order to reduce its net liability on individual risks and catastrophe losses. The Company also cedes premiums to state assigned risk plans and captive insurance companies. Estimated amounts due from reinsurers are reported net of an allowance for expected credit losses.
The following table presents the rollforward of the allowance for expected credit losses associated with due from reinsurers for the three months ended March 31, 2025 and 2024:
(In thousands)20252024
Allowance for expected credit losses, beginning of period$8,350 $8,404 
Change in expected credit losses(1,266)781 
Allowance for expected credit losses, end of period$7,084 $9,185