Reinsurance

3 Months Ended

Mar. 31, 2022

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, 2022 and 2021:

	Three Months Ended March 31,
	2022		2021
	(in thousands)
Premiums written:
Direct	$	245,513	$	168,876
Ceded	(29,015)		(24,578)
Net written	$	216,498	$	144,298
Premiums earned:
Direct	$	205,628	$	145,031
Ceded	(27,066)		(21,990)
Net earned	$	178,562	$	123,041

The following table summarizes ceded losses and loss adjustment expenses for the three months ended March 31, 2022 and 2021:

	Three Months Ended March 31,
	2022		2021
	(in thousands)
Ceded incurred losses and loss adjustment expenses	$	9,636	$	12,501

The following table presents reinsurance recoverables on paid and unpaid losses as of March 31, 2022 and December 31, 2021:

	March 31, 2022		December 31, 2021
	(in thousands)
Reinsurance recoverables on paid losses	$	7,920	$	5,409
Reinsurance recoverables on unpaid losses	121,367		117,561
Reinsurance recoverables	$	129,287	$	122,970