Reinsurance Activity (Tables)

9 Months Ended

Sep. 30, 2013

Reinsurance Activity

Schedule of effects of reinsurance on premiums written and earned

The effects of reinsurance on premiums written and earned are summarized as follows (in thousands).

	Three Months Ended September 30,												Nine Months Ended September 30,
	2013						2012						2013						2012
	Written			Earned			Written			Earned			Written			Earned			Written			Earned
Premiums from direct business	$	44,484		$	43,031		$	40,899		$	40,922		$	134,292		$	125,520		$	126,833		$	121,209
Reinsurance assumed	2,058			1,860			1,726			1,520			5,931			5,238			4,830			4,296
Reinsurance ceded	(5,100		)	(4,909		)	(5,106		)	(4,754		)	(14,879		)	(14,713		)	(14,953		)	(16,467		)
Net premiums	$	41,442		$	39,982		$	37,519		$	37,688		$	125,344		$	116,045		$	116,710		$	109,038

Schedule of effects of reinsurance on incurred losses

The effects of reinsurance on incurred losses are as follows (in thousands).

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
Loss and LAE incurred	$	27,558		$	31,577		$	98,507		$	94,022
Reinsurance recoverables	(2,927		)	(1,441		)	(4,531		)	(2,273		)
Net loss and LAE incurred	$	24,631		$	30,136		$	93,976		$	91,749