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Reinsurance (Tables)
 12 Months Ended
Dec. 31, 2015
Reinsurance Disclosures [Abstract]  
Ceded Premiums Earned by type
The table below summarizes the amounts of our ceded premiums written under the various types of agreements, as well as the amortization of prepaid reinsurance premiums:

 
Year Ended December 31,
 
2015
 
2014
 
2013
Excess-of-loss
$
(163,106
)
 
$
(125,638
)
 
$
(108,696
)
Equipment & identity theft
(6,169
)
 
(4,370
)
 
(2,608
)
Flood
(14,533
)
 
(14,396
)
 
(13,378
)
Ceded premiums written
$
(183,808
)
 
$
(144,404
)
 
$
(124,682
)
Increase in ceded unearned premiums
15,551

 
8,559

 
5,352

Ceded premiums earned
$
(168,257
)
 
$
(135,845
)
 
$
(119,330
)
Liability for Catastrophe Claims Disclosure
Current year catastrophe losses by the event magnitude are shown in the following table.

 
 
Number of Events(8)
 
Incurred Loss and LAE (7) 
 
Combined Ratio Impact
December 31, 2015
 
 
 
 
 
 
Current period catastrophe losses incurred
 
 
 
 
 
 
$ 5 million to $10 million
(1) 
2

 
$
11,523

 
3.4
%
$ 1 million to $5 million
(2) 
7

 
14,699

 
4.4
%
Less than $1 million
(3) 
5

 
2,343

 
0.7
%
Total
 
14

 
$
28,565

 
8.5
%
 
 
 
 
 
 
 
December 31, 2014
 
 
 
 
 
 
Current period catastrophe losses incurred
 
 
 
 
 
 
Less than $1 million
(4) 
3

 
829

 
0.3
%
Total
 
3

 
$
829

 
0.3
%
 
 
 
 
 
 
 
December 31, 2013
 
 
 
 
 
 
Current period catastrophe losses incurred
 
 
 
 
 
 
$ 1 million to $5 million
(5) 
1

 
1,839

 
0.9
%
Less than $1 million
(6) 
2

 
1,763

 
0.9
%
Total
 
3

 
$
3,602

 
1.8
%
(1)
Reflects losses from winter storms in 2015.
(2)
Reflects losses from winter storms, hail storms and wind storms in 2015.
(3)
Reflects losses from winter storms, hail storms, Texas flooding, Hurricane Anna and Tropical Storm Bill in 2015.
(4)
Reflects losses from the Richland hailstorm, Hurricane Arthur and the Revere Tornado in 2014.
(5) 
Reflects losses from Winter Storm Nemo in 2013.
(6) 
Reflects losses from the Orlando weather event and Tropical Storm Andrea in 2013.
(7)
Incurred loss and LAE is equal to losses and LAE paid plus the change in case and incurred but not reported reserves.
(8)
These amounts represent the actual number of catastrophic events. The numbers are not presented in thousands.
Reinsurance Recoverable
Reinsurance recoverable at the balance sheet dates consists of the following:
 
 
December 31,
 
2015
 
2014
Reinsurance recoverable on unpaid losses and LAE
$
2,114

 
$
1,252

Reinsurance recoverable on paid losses and LAE
847

 
816

Reinsurance recoverable
$
2,961

 
$
2,068
Reinsurance, Effect on Operations

The following table depicts written premiums, earned premiums and losses, showing the effects that our reinsurance transactions have on these components of our Consolidated Statements of Comprehensive Income:
 
Year ended December 31,
 
2015
 
2014
 
2013
Premium written:
 
 
 
 
 
Direct
$
548,916

 
$
417,769

 
$
339,765

Assumed
20,820

 
18,984

 
41,587

Ceded
(183,808
)
 
(144,404
)
 
(124,682
)
Net premium written
$
385,928

 
$
292,349

 
$
256,670

Change in unearned premiums:
 
 
 
 
 
Direct
$
(65,300
)
 
$
(38,995
)
 
$
(44,422
)
Assumed
(221
)
 
2,937

 
(20,222
)
Ceded
15,551

 
8,559

 
5,352

Net increase
$
(49,970
)
 
$
(27,499
)
 
$
(59,292
)
Premiums earned:
 
 
 
 
 
Direct
$
483,616

 
$
378,774

 
$
295,343

Assumed
20,599

 
21,921

 
21,365

Ceded
(168,257
)
 
(135,845
)
 
(119,330
)
Net premiums earned
$
335,958

 
$
264,850

 
$
197,378

Losses and LAE incurred:
 
 
 
 
 
Direct
$
188,270

 
$
111,820

 
$
92,526

Assumed
7,861

 
8,672

 
9,240

Ceded
(13,023
)
 
(2,415
)
 
(2,936
)
Net losses and LAE incurred
$
183,108

 
$
118,077

 
$
98,830
Reinsurance Effects On Unpaid Lossses, LAE and Unearned Premiums
The following table highlights the effects that our reinsurance transactions have on unpaid losses and loss adjustment expenses and unearned premiums in our Consolidated Balance Sheets:
 
 
December 31,
 
2015
 
2014
 
2013
Unpaid losses and LAE:
 
 
 
 
 
Direct
$
72,373

 
$
49,734

 
$
42,954

Assumed
4,419

 
4,702

 
4,497

  Gross unpaid losses and LAE
76,792

 
54,436

 
47,451

Ceded
(2,114
)
 
(1,252
)
 
(1,957
)
Net unpaid losses and LAE
$
74,678

 
$
53,184

 
$
45,494

Unearned premiums:
 
 
 
 
 
Direct
$
287,148

 
$
212,201

 
$
173,206

Assumed
17,506

 
17,285

 
20,222

  Gross unearned premiums
304,654

 
229,486

 
193,428

Ceded
(79,400
)
 
(63,827
)
 
(55,268
)
Net unearned premiums
$
225,254

 
$
165,659

 
$
138,160