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Reinsurance (Tables)
6 Months Ended
Jun. 30, 2024
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,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Premiums Written:

 

 

 

 

 

 

 

 

 

 

 

 

Direct

 

$

284,289

 

 

$

179,983

 

 

$

496,184

 

 

$

387,406

 

Assumed

 

 

22,613

 

 

 

 

 

 

65,704

 

 

 

(7,569

)

Gross written

 

 

306,902

 

 

 

179,983

 

 

 

561,888

 

 

 

379,837

 

Ceded

 

 

(76,713

)

 

 

(66,390

)

 

 

(144,819

)

 

 

(136,899

)

Net premiums written

 

$

230,189

 

 

$

113,593

 

 

$

417,069

 

 

$

242,938

 

Premiums Earned:

 

 

 

 

 

 

 

 

 

 

 

 

Direct

 

$

201,791

 

 

$

181,946

 

 

$

391,466

 

 

$

354,851

 

Assumed

 

 

61,770

 

 

 

 

 

 

128,739

 

 

 

7,163

 

Gross earned

 

 

263,561

 

 

 

181,946

 

 

 

520,205

 

 

 

362,014

 

Ceded

 

 

(76,713

)

 

 

(66,390

)

 

 

(144,819

)

 

 

(136,899

)

Net premiums earned

 

$

186,848

 

 

$

115,556

 

 

$

375,386

 

 

$

225,115