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Reinsurance (Tables)
 3 Months Ended
Mar. 31, 2024
Reinsurance Disclosures [Abstract]  
Summary of the Effects of Reinsurance

The following table presents the effects of reinsurance and assumption transactions on written premiums, earned premiums and losses and LAE (dollars in thousands):

 

 

 

Three Months Ended
March 31,

 

 

 

2024

 

 

2023

 

Written premiums:

 

 

 

 

 

 

Direct

 

$

24,099

 

 

$

24,341

 

Assumed

 

 

214

 

 

 

11,873

 

Ceded

 

 

(8,922

)

 

 

(17,872

)

Net written premiums

 

$

15,391

 

 

$

18,342

 

 

 

 

 

 

 

Earned premiums:

 

 

 

 

 

 

Direct

 

$

24,808

 

 

$

23,315

 

Assumed

 

 

9,424

 

 

 

10,979

 

Ceded

 

 

(17,345

)

 

 

(12,342

)

Net earned premiums

 

$

16,887

 

 

$

21,952

 

 

 

 

 

 

 

Losses and LAE:

 

 

 

 

 

 

Direct

 

$

21,982

 

 

$

1,969

 

Assumed

 

 

(3,264

)

 

 

1,497

 

Ceded

 

 

(8,198

)

 

 

10,247

 

Net Losses and LAE

 

$

10,520

 

 

$

13,713