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Reinsurance (Tables)
 6 Months Ended
Jun. 30, 2018
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,
 
2018
 
2017
 
2018
 
2017
Quota share
$
(27,400
)
 
$
(27,411
)
 
$
(47,972
)
 
$
(46,781
)
Excess-of-loss
(350,230
)
 
(315,457
)
 
(364,091
)
 
(325,686
)
Equipment & identity theft
(2,631
)
 
(2,596
)
 
(4,751
)
 
(4,669
)
Flood
(5,568
)
 
(5,369
)
 
(9,239
)
 
(8,760
)
Ceded premiums written
$
(385,829
)
 
$
(350,833
)
 
$
(426,053
)
 
$
(385,896
)
Increase (decrease) in ceded unearned premiums
267,494

 
248,867

 
193,668

 
209,048

Ceded premiums earned
$
(118,335
)
 
$
(101,966
)
 
$
(232,385
)
 
$
(176,848
)
Schedule of Catastrophe Losses by Event Magnitude
Current year catastrophe losses disaggregated between named and numbered storms and all other catastrophe loss events are shown in the following table:
 
 
2018
 
2017
 
 
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
 
 
 
 
 
 
 
 
 
 
 
 
Named and numbered storms
 
1

 
$
1,214

 
0.7
%
 
1

 
$
264

 
0.2
%
All other catastrophe loss events
 
8

 
16,126

 
9.4
%
 
14

 
21,534

 
13.5
%
Total
 
9

 
$
17,340

 
10.1
%
 
15

 
$
21,798

 
13.7
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30,
 
 
 
 
 
 
 
 
 
 
 
 
Current period catastrophe losses incurred
 
 
 
 
 
 
 
 
 
 
 
 
Named and numbered storms
 
1

 
$
1,214

 
0.3
%
 
1

 
$
264

 
0.1
%
All other catastrophe loss events
 
16

 
22,443

 
6.7
%
 
14

 
32,146

 
12.0
%
Total
 
17

 
$
23,657

 
7.0
%
 
15

 
$
32,410

 
12.1
%

(1) Incurred loss and LAE (as defined below) 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 and number of events includes the development on storms during the year in which it occurred.