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RETROCESSION (Tables)
 9 Months Ended
Sep. 30, 2024
Reinsurance Disclosures [Abstract]  
Ceded Credit Risk
The following table provides a breakdown of ceded reinsurance:
Three months ended September 30Nine months ended September 30
2024202320242023
Gross ceded premiums$26,598 $14,789 $64,611 $35,740 
Earned ceded premiums$19,512 $15,318 $46,603 $35,195 
Loss and loss adjustment expenses ceded$10,070 $9,086 $47,919 $24,794 
Effects of Reinsurance The following table shows a breakdown of losses recoverable on a gross and net of collateral basis:
September 30, 2024December 31, 2023
 
Gross
Net of Collateral(1)
Gross
Net of Collateral(1)
A- or better by A.M. Best
$40,028 $40,028 $8,767 $8,767 
Not rated
26,619 7,239 17,407 2,432 
Total before provision
66,647 $47,267 $26,174 $11,199 
Provision for credit losses
(700)(487)
Total loss and loss adjustment expenses recoverable, net
$65,947 $25,687 
(1) Collateral is in the form of cash, letters of credit, funds withheld, and/or cash collateral held in trust accounts. This excludes any excess collateral in order to disclose the aggregate net exposure for each retrocessionaire.