Reinsurance

3 Months Ended

Mar. 31, 2021

Reinsurance Disclosures [Abstract]

Reinsurance

Reinsurance

The following table summarizes the effect of reinsurance on premiums written and earned for the three months ended March 31, 2021 and 2020:

	Three Months Ended March 31,
	2021		2020
	(in thousands)
Premiums written:
Direct	$	168,876	$	124,036
Assumed	—		—
Ceded	(24,578)		(15,983)
Net written	$	144,298	$	108,053
Premiums earned:
Direct	$	145,031	$	103,734
Assumed	—		15
Ceded	(21,990)		(13,988)
Net earned	$	123,041	$	89,761

The following table summarizes ceded losses and loss adjustment expenses for the three months ended March 31, 2021 and 2020:

	Three Months Ended March 31,
	2021		2020
	(in thousands)
Ceded incurred losses and loss adjustment expenses	$	12,501	$	6,452

The following table presents reinsurance recoverables on paid and unpaid losses as of March 31, 2021 and December 31, 2020:

	March 31, 2021		December 31, 2020
	(in thousands)
Reinsurance recoverables on paid losses	$	1,372	$	9,485
Reinsurance recoverables on unpaid losses	94,819		83,730
Reinsurance recoverables	$	96,191	$	93,215