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Reinsurance (Tables)
3 Months Ended
Mar. 31, 2017
Reinsurance [Abstract]  
Summary of the Effects of Reinsurance



 

 

 

 

 

 



 

 

 

 

 

 



 

Three-Month Periods Ended March 31,



 

2017

 

2016

WRITTEN

 

 

 

 

 

 

Direct

 

$

12,588,591 

 

$

12,077,065 

Reinsurance assumed

 

 

39,836 

 

 

45,720 

Reinsurance ceded

 

 

(1,976,230)

 

 

(1,955,964)

Net

 

$

10,652,197 

 

$

10,166,821 

EARNED

 

 

 

 

 

 

Direct

 

$

12,792,794 

 

$

12,104,517 

Reinsurance assumed

 

 

49,218 

 

 

59,364 

Reinsurance ceded

 

 

(2,003,906)

 

 

(1,873,119)

Net

 

$

10,838,106 

 

$

10,290,762 

LOSSES AND SETTLEMENT EXPENSES INCURRED

 

 

 

 

 

 

Direct

 

$

7,869,502 

 

$

11,289,354 

Reinsurance assumed

 

 

42,432 

 

 

22,599 

Reinsurance ceded

 

 

(1,312,550)

 

 

(4,932,457)

Net

 

$

6,599,384 

 

$

6,379,496