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Reinsurance (Tables)
 6 Months Ended
Jun. 30, 2017
Reinsurance Disclosures [Abstract]  
Schedule of 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:

 
Three Months Ended June 30,
 
Six Months Ended
June 30,
 
2017
 
2016
 
2017
 
2016
Excess-of-loss
$
(342,868
)
 
$
(177,970
)
 
$
(372,467
)
 
$
(182,027
)
Equipment & identity theft
(2,596
)
 
(2,201
)
 
(4,669
)
 
(3,777
)
Novation of auto policies (1)
—

 
(2,396
)
 
—

 
(2,396
)
Flood
(5,369
)
 
(4,920
)
 
(8,760
)
 
(7,963
)
Ceded premiums written
$
(350,833
)
 
$
(187,487
)
 
$
(385,896
)
 
$
(196,163
)
Increase in ceded unearned premiums
248,867

 
137,081

 
209,048

 
100,625

Ceded premiums earned
$
(101,966
)
 
$
(50,406
)
 
$
(176,848
)
 
$
(95,538
)
Schedule of Catastrophe Losses by Event Magnitude
Current year catastrophe losses by the event magnitude are shown in the following table for the three and six months ended June 30, 2017 and 2016.

 
 
2017
 
2016
 
 
Number of Events
 
Incurred Loss and LAE (1) 
 
Combined Ratio Impact
 
Number of Events
 
Incurred Loss and LAE (1) 
 
Combined Ratio Impact
Three Months Ended June 30,
 
 
 
 
 
 
 
 
 
 
 
 
Current period catastrophe losses incurred
 
 
 
 
 
 
 
 
 
 
 
 
$ 1 million to $5 million(2)
 
6

 
$
17,110

 
10.8
%
 
4

 
$
5,688

 
5.0
 %
Less than $1 million(3)
 
9

 
4,688

 
2.9
%
 
12

 
(1,968
)
 
(1.7
)%
Total
 
15

 
$
21,798

 
13.7
%
 
16

 
$
3,720

 
3.3
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30,
 
 
 
 
 
 
 
 
 
 
 
 
Current period catastrophe losses incurred
 
 
 
 
 
 
 
 
 
 
 
 
$ 5 million to $10 million(4)
 
1

 
$
6,963

 
2.6
%
 
—

 
$
—

 
—
 %
$ 1 million to $5 million(5)
 
8

 
21,056

 
7.9
%
 
9

 
14,789

 
6.9
 %
Less than $1 million(6)
 
6

 
4,391

 
1.6
%
 
7

 
3,987

 
1.8
 %
Total
 
15

 
$
32,410

 
12.1
%
 
16

 
$
18,776

 
8.7
 %

(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. Incurred loss and LAE number of events includes the development on storms during both the three and six months ended June 30, 2017. During the second quarter of 2017, we incurred losses and LAE from ten new storms.
(2)
Reflects 2017 losses from Florida, Gulf, and Southeast region hail and wind storms, thunderstorms, and tornadoes, including development on storms which occurred during the first quarter of 2017. Reflects 2016 losses from Florida tornadoes, Texas hail and a Florida windstorm in 2016.
(3) Reflects 2017 losses from hail and wind storms in Texas and Louisiana, as well as from Tropical Storm Cindy. Reflects 2016 losses from Florida tornadoes, a Florida windstorm, and Texas hail.
(4)
Reflects 2017 losses from a Gulf region thunderstorm in January 2017.
(5) Reflects 2017 losses from Florida, Gulf, and Southeast region hail and wind storms, thunderstorms, and tornadoes. Reflects 2016 losses from Tropical Storm Colin, Texas spring storms and flooding, Winter Storm Olympia, and Florida tornadoes.
(6) Reflects 2017 losses from hail and wind storms in Texas and Louisiana, as well as from Tropical Storm Cindy. Reflects 2016 losses from Florida tornadoes, a Florida windstorm, and Texas hail as well as development on Florida tornadoes that occurred in the first quarter of 2016.