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Reinsurance (Tables)
12 Months Ended
Dec. 31, 2023
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:

 

 

 

Years Ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

Premiums Written:

 

 

 

 

 

 

 

 

 

Direct

 

$

762,806

 

 

$

713,103

 

 

$

545,441

 

Assumed

 

 

135,816

 

 

 

12,916

 

 

 

128,948

 

Gross written

 

 

898,622

 

 

 

726,019

 

 

 

674,389

 

Ceded

 

 

(269,627

)

 

 

(261,144

)

 

 

(199,741

)

Net premiums written

 

$

628,995

 

 

$

464,875

 

 

$

474,648

 

Premiums Earned:

 

 

 

 

 

 

 

 

 

Direct

 

$

734,891

 

 

$

651,455

 

 

$

478,546

 

Assumed

 

 

30,621

 

 

 

73,261

 

 

 

98,498

 

Gross earned

 

 

765,512

 

 

 

724,716

 

 

 

577,044

 

Ceded

 

 

(269,627

)

 

 

(261,144

)

 

 

(199,741

)

Net premiums earned

 

$

495,885

 

 

$

463,572

 

 

$

377,303