Reinsurance Activity (Tables)

3 Months Ended

Mar. 31, 2015

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 March 31,
	2015						2014
	Written			Earned			Written			Earned
Premiums from direct business	$	42,749		$	42,089		$	43,770		$	42,759
Reinsurance assumed	2,516			2,443			2,233			2,020
Reinsurance ceded	(4,705		)	(4,965		)	(4,186		)	(4,460		)
Net premiums	$	40,560		$	39,567		$	41,817		$	40,319

Schedule of effects of reinsurance on incurred losses

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

	Three Months Ended March 31,
	2015			2014
Loss and LAE incurred	$	23,331		$	17,752
Reinsurance recoverables	(4,471		)	585
Net loss and LAE incurred	$	18,860		$	18,337