Reinsurance Activity (Tables)

12 Months Ended

Dec. 31, 2015

Reinsurance Activity.

Schedule of reinsurers with a balance in excess of 5% of outstanding reinsurance receivables

Reinsurers with a balance in excess of 5% of the Company’s outstanding reinsurance receivables at December 31, 2015 are listed below (in thousands).

	Balances
	Due From		A.M. Best
	Reinsurers		Rating
Federal Emergency Management Agency	$	6,003	N/A
Aspen Bermuda		2,819	A
Partner Reinsurance Co.		2,175	N/A
Everest Re		1,636	A+
Lloyd's Syndicate #2791		1,257	A
Lloyd's Syndicate #2001		868	A+
	$	14,758

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).

	Year Ended December 31,
	2015				2014				2013
	Written		Earned		Written		Earned		Written		Earned
Premiums from direct business	$	167,025	$	169,334	$	172,464	$	173,496	$	173,982	$	168,942
Reinsurance assumed		10,714		10,283		9,746		8,960		7,987		7,202
Reinsurance ceded		(17,170)		(17,535)		(17,845)		(17,932)		(18,528)		(18,611)
Net premiums	$	160,569	$	162,082	$	164,365	$	164,524	$	163,441	$	157,533

Schedule of effects of reinsurance on incurred losses

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

	Year Ended December 31,
	2015		2014		2013
Loss and LAE incurred	$	123,017	$	97,011	$	117,089
Reinsurance recoverables		(23,951)		(2,582)		(6,334)
Net loss and LAE incurred	$	99,066	$	94,429	$	110,755