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Reinsurance (Tables)
6 Months Ended
Jun. 30, 2017
Reinsurance [Abstract]  
Summary of the Effects of Reinsurance





 

 

 

 

 

 



 

 

 

 

 

 



 

Three-Month Periods Ended June 30,



 

2017

 

2016

WRITTEN

 

 

 

 

 

 

Direct

 

$

13,821,048 

 

$

13,801,168 

Reinsurance assumed

 

 

63,549 

 

 

85,665 

Reinsurance ceded

 

 

(1,990,712)

 

 

(2,106,014)

Net

 

$

11,893,885 

 

$

11,780,819 

EARNED

 

 

 

 

 

 

Direct

 

$

12,580,381 

 

$

12,447,927 

Reinsurance assumed

 

 

67,956 

 

 

83,482 

Reinsurance ceded

 

 

(1,937,579)

 

 

(1,975,943)

Net

 

$

10,710,758 

 

$

10,555,466 

LOSS AND SETTLEMENT EXPENSES INCURRED

 

 

 

 

 

 

Direct

 

$

8,583,336 

 

$

5,958,742 

Reinsurance assumed

 

 

20,026 

 

 

33,351 

Reinsurance ceded

 

 

(1,739,104)

 

 

185,327 

Net

 

$

6,864,258 

 

$

6,177,420 







 

 

 

 

 

 



 

 

 

 

 

 



 

Six-Month Periods Ended June 30,



 

2017

 

2016

WRITTEN

 

 

 

 

 

 

Direct

 

$

26,409,639 

 

$

25,878,233 

Reinsurance assumed

 

 

103,385 

 

 

131,385 

Reinsurance ceded

 

 

(3,966,942)

 

 

(4,061,978)

Net

 

$

22,546,082 

 

$

21,947,640 

EARNED

 

 

 

 

 

 

Direct

 

$

25,373,175 

 

$

24,552,444 

Reinsurance assumed

 

 

117,174 

 

 

142,846 

Reinsurance ceded

 

 

(3,941,485)

 

 

(3,849,062)

Net

 

$

21,548,864 

 

$

20,846,228 

LOSSES AND SETTLEMENT EXPENSES INCURRED

 

 

 

 

 

 

Direct

 

$

16,452,838 

 

$

17,248,096 

Reinsurance assumed

 

 

62,458 

 

 

55,950 

Reinsurance ceded

 

 

(3,051,654)

 

 

(4,747,130)

Net

 

$

13,463,642 

 

$

12,556,916