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Reinsurance (Tables)
6 Months Ended
Jun. 30, 2022
Insurance [Abstract]  
Impact of the Reinsurance Contracts on Premiums Written and Earned

The impact of the reinsurance contracts on premiums written and earned is as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Premiums Written:

 

 

 

 

 

 

 

 

 

 

 

 

Direct

 

$

187,792

 

 

$

143,224

 

 

$

359,773

 

 

$

253,355

 

Assumed

 

 

(1,640

)

 

 

41,754

 

 

 

3,673

 

 

 

57,471

 

Gross written

 

 

186,152

 

 

 

184,978

 

 

 

363,446

 

 

 

310,826

 

Ceded

 

 

(56,205

)

 

 

(46,436

)

 

 

(109,367

)

 

 

(89,535

)

Net premiums written

 

$

129,947

 

 

$

138,542

 

 

$

254,079

 

 

$

221,291

 

Premiums Earned:

 

 

 

 

 

 

 

 

 

 

 

 

Direct

 

$

164,887

 

 

$

115,733

 

 

$

313,733

 

 

$

226,025

 

Assumed

 

 

16,237

 

 

 

23,707

 

 

 

46,316

 

 

 

44,357

 

Gross earned

 

 

181,124

 

 

 

139,440

 

 

 

360,049

 

 

 

270,382

 

Ceded

 

 

(56,205

)

 

 

(46,436

)

 

 

(109,367

)

 

 

(89,535

)

Net premiums earned

 

$

124,919

 

 

$

93,004

 

 

$

250,682

 

 

$

180,847