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Premiums and Reinsurance Related Information (Tables)
6 Months Ended
Jun. 30, 2025
Insurance [Abstract]  
Reinsurance Financial Information
The following is a summary of insurance and reinsurance financial information:
For the Three Months
Ended June 30,
For the Six Months
Ended June 30,
(In thousands)2025202420252024
Written premiums:
Direct$3,610,784 $3,380,470 $6,921,677 $6,419,537 
Assumed366,985 337,302 740,031 660,991 
Ceded(626,330)(590,993)(1,176,966)(1,102,458)
Total net premiums written$3,351,439 $3,126,779 $6,484,742 $5,978,070 
Earned premiums:
Direct$3,335,252 $3,048,872 $6,569,095 $5,985,516 
Assumed336,521 328,114 676,118 666,024 
Ceded(573,588)(530,571)(1,134,647)(1,040,778)
Total net premiums earned$3,098,185 $2,846,415 $6,110,566 $5,610,762 
Ceded losses and loss expenses incurred$354,923 $327,243 $669,175 $633,194 
Ceded commissions earned$135,919 $123,647 $275,523 $244,701 
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 six months ended June 30, 2025 and 2024:
(In thousands)20252024
Allowance for expected credit losses, beginning of period$39,884 $35,110 
Change in expected credit losses(924)2,169 
Allowance for expected credit losses, end of period$38,960 $37,279 
The following table presents the rollforward of the allowance for expected credit losses for premiums and fees receivable for the three months ended June 30, 2025 and 2024:
(In thousands)20252024
Allowance for expected credit losses, beginning of period$38,861 $35,039 
Change in expected credit losses99 2,240 
Allowance for expected credit losses, end of period$38,960 $37,279 
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 six months ended June 30, 2025 and 2024:
(In thousands)20252024
Allowance for expected credit losses, beginning of period$8,350 $8,404 
Change in expected credit losses(1,396)1,851 
Allowance for expected credit losses, end of period$6,954 $10,255 
The following table presents the rollforward of the allowance for expected credit losses associated with due from reinsurers for the three months ended June 30, 2025 and 2024:
(In thousands)20252024
Allowance for expected credit losses, beginning of period$7,084 $9,185 
Change in expected credit losses(130)1,070 
Allowance for expected credit losses, end of period$6,954 $10,255