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Reinsurance (Tables)
 12 Months Ended
Dec. 31, 2016
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,
 
2016
 
2015
 
2014
Excess-of-loss
$
(235,236
)
 
$
(163,106
)
 
$
(125,638
)
Equipment & identity theft
(8,313
)
 
(6,169
)
 
(4,370
)
Novation of Auto Policies (1)
(2,396
)
 
—

 
—

Flood
(16,395
)
 
(14,533
)
 
(14,396
)
Ceded premiums written
$
(262,340
)
 
$
(183,808
)
 
$
(144,404
)
Increase in ceded unearned premiums
52,442

 
15,551

 
8,559

Ceded premiums earned
$
(209,898
)
 
$
(168,257
)
 
$
(135,845
)
Liability for Catastrophe Claims Disclosure
Current year catastrophe losses by the event magnitude are shown in the following table.
 
 
Number of Events
 
Incurred Loss and LAE (1) 
 
Combined Ratio Impact
December 31, 2016
 
 
 
 
 
 
Current period catastrophe losses incurred
 
 
 
 
 
 
Greater than $5 million (2)
 
1

 
$
29,987

 
6.5
%
$1 million to $5 million (3)
 
12

 
21,506

 
4.7
%
Less than $1 million (4)
 
6

 
4,349

 
1.0
%
Total
 
19

 
$
55,842

 
12.2
%
 
 
 
 
 
 
 
December 31, 2015
 
 
 
 
 
 
Current period catastrophe losses incurred
 
 
 
 
 
 
$5 million to $10 million (5)
 
2

 
$
11,523

 
3.4
%
$1 million to $5 million (6)
 
7

 
14,699

 
4.4
%
Less than $1 million (7)
 
5

 
2,343

 
0.7
%
Total
 
14

 
$
28,565

 
8.5
%
 
 
 
 
 
 
 
December 31, 2014
 
 
 
 
 
 
Current period catastrophe losses incurred
 
 
 
 
 
 
Less than $1 million (8)
 
3

 
$
829

 
0.3
%
Total
 
3

 
$
829

 
0.3
%
(1) Incurred loss and LAE is equal to losses and LAE paid plus the change in case and incurred but not reported reserves. Shown net of losses ceded to reinsurers.
(2) Reflects losses from Hurricane Matthew in 2016.
(3) Reflects losses from Hurricane Hermine, Winter Storm Olympia, Tropical Storm Colin, tornadoes, wind storms, hail storms, and flooding in 2016.
(4) Reflects losses from Tropical Storm Julia, tornadoes, wind storms, hail storms, and flooding in 2016.
(5) 
Reflects losses from winter storms in 2015.
(6)
Reflects losses from winter storms, hail storms and wind storms in 2015.
(7)
Reflects losses from winter storms, hail storms, Texas flooding, Hurricane Anna and Tropical Storm Bill in 2015.
(8)
Reflects losses from the Richland hailstorm, Hurricane Arthur and the Revere Tornado in 2014.
Reinsurance Recoverable
Reinsurance recoverable at the balance sheet dates consists of the following:
 
December 31,
 
2016
 
2015
Reinsurance recoverable on unpaid losses and LAE
$
18,724

 
$
2,114

Reinsurance recoverable on paid losses and LAE
5,304

 
847

Reinsurance recoverable
$
24,028

 
$
2,961
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,
 
2016
 
2015
 
2014
Premium written:
 
 
 
 
 
Direct
$
708,252

 
$
548,916

 
$
417,769

Assumed
(96
)
 
20,820

 
18,984

Ceded
(262,340
)
 
(183,808
)
 
(144,404
)
Net premium written
$
445,816

 
$
385,928

 
$
292,349

Change in unearned premiums:
 
 
 
 
 
Direct
$
(57,759
)
 
$
(65,300
)
 
$
(38,995
)
Assumed
16,432

 
(221
)
 
2,937

Ceded
52,442

 
15,551

 
8,559

Net decrease (increase)
$
11,115

 
$
(49,970
)
 
$
(27,499
)
Premiums earned:
 
 
 
 
 
Direct
$
650,493

 
$
483,616

 
$
378,774

Assumed
16,336

 
20,599

 
21,921

Ceded
(209,898
)
 
(168,257
)
 
(135,845
)
Net premiums earned
$
456,931

 
$
335,958

 
$
264,850

Losses and LAE incurred:
 
 
 
 
 
Direct
$
335,542

 
$
188,270

 
$
111,820

Assumed
3,747

 
7,861

 
8,672

Ceded
(40,936
)
 
(13,023
)
 
(2,415
)
Net losses and LAE incurred
$
298,353

 
$
183,108

 
$
118,077
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,
 
2016
 
2015
 
2014
Unpaid losses and LAE:
 
 
 
 
 
Direct
$
138,345

 
$
72,373

 
$
49,734

Assumed
2,510

 
4,419

 
4,702

  Gross unpaid losses and LAE
140,855

 
76,792

 
54,436

Ceded
(18,724
)
 
(2,114
)
 
(1,252
)
Net unpaid losses and LAE
$
122,131

 
$
74,678

 
$
53,184

Unearned premiums:
 
 
 
 
 
Direct
$
371,149

 
$
287,148

 
$
212,201

Assumed
1,074

 
17,506

 
17,285

  Gross unearned premiums
372,223

 
304,654

 
229,486

Ceded
(132,564
)
 
(79,400
)
 
(63,827
)
Net unearned premiums
$
239,659

 
$
225,254

 
$
165,659