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REINSURANCE (Tables)
12 Months Ended
Dec. 31, 2024
Reinsurance Disclosures [Abstract]  
Summary of Breakdown of Gross and Net Premiums Written and Earned
The following table presents gross and net premiums written and earned:
Year ended December 31,202420232022
  Premiums
written
Premiums
earned
Premiums
written
Premiums
earned
Premiums
written
Premiums
earned
Gross$9,005,888 $8,529,567 $8,356,525 $7,973,577 $8,214,595 $7,936,382 
Ceded(3,248,537)(3,223,332)(3,254,200)(2,889,796)(2,951,539)(2,776,056)
Net$5,757,351 $5,306,235 $5,102,325 $5,083,781 $5,263,056 $5,160,326 
Reinsurance Recoverable, Allowance for Credit Loss
The following table provides a reconciliation of the beginning and ending balances of the allowance for expected credit losses related to the Company’s reinsurance recoverable balance:
Year ended December 31,20242023
Beginning balance
$36,611 $30,715 
Increase (decrease) in allowance for expected credit losses6,834 5,896 
Ending Balance
$43,445 $36,611