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Reinsurance (Tables)
9 Months Ended
Sep. 30, 2019
Reinsurance Disclosures [Abstract]  
Summary of the Effects of Reinsurance
The following table presents the effects of such reinsurance and assumption transactions on premiums and losses and LAE (dollars in thousands). The three and nine months ended September 30, 2019 written and earned premiums amounts includes $90,000 and $433,000 of reinsurance reinstatement costs relating to Hurricane Irma, respectively.
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2019
 
2018
 
2019
 
2018
Written premiums:
 
 
 
 
 
 
 
Direct
$
16,973

 
$
16,814

 
$
50,390

 
$
53,237

Assumed
10,104

 
9,815

 
26,072

 
23,691

Ceded
(3,271
)
 
(3,783
)
 
(10,900
)
 
(11,642
)
Net written premiums
$
23,806

 
$
22,846

 
$
65,562

 
$
65,286

 
 
 
 
 
 
 
 
Earned premiums:
 
 
 
 
 
 
 
Direct
$
17,606

 
$
19,955

 
$
52,864

 
$
61,739

Assumed
8,356

 
7,363

 
23,730

 
21,160

Ceded
(3,187
)
 
(3,868
)
 
(10,783
)
 
(11,711
)
Net earned premiums
$
22,775

 
$
23,450

 
$
65,811

 
$
71,188

 
 
 
 
 
 
 
 
Losses and LAE:
 
 
 
 
 
 
 
Direct
$
13,232

 
$
19,324

 
$
47,464

 
$
46,714

Assumed
5,667

 
5,027

 
15,922

 
11,996

Ceded
(4,042
)
 
(7,797
)
 
(19,691
)
 
(13,760
)
Net Losses and LAE
$
14,857

 
$
16,554

 
$
43,695

 
$
44,950