Reinsurance Activity (Tables)

3 Months Ended

Mar. 31, 2018

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,
	2018				2017
	Written		Earned		Written		Earned
Premiums from direct business	$	33,085	$	33,368	$	35,795	$	37,198
Reinsurance assumed		3,042		3,000		2,869		2,818
Reinsurance ceded		(2,010)		(2,053)		(3,213)		(3,876)
Net premiums	$	34,117	$	34,315	$	35,451	$	36,140

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,
	2018		2017
Losses and LAE incurred	$	13,452	$	22,302
Reinsurance recoverables		2,080		(602)
Net loss and LAE incurred	$	15,532	$	21,700