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Reinsurance (Tables)
3 Months Ended
Mar. 31, 2020
Reinsurance [Abstract]  
Summary of the Effects of Reinsurance



 

 

 

 

 

 



 

 

 

 

 

 



 

Three-Month Periods Ended

March 31,



 

2020

 

2019

WRITTEN

 

 

 

 

 

 

Direct

 

$

14,794,534 

 

$

15,258,703 

Reinsurance assumed

 

 

37,534 

 

 

45,135 

Reinsurance ceded

 

 

(2,377,544)

 

 

(2,835,043)

Net

 

$

12,454,524 

 

$

12,468,795 

EARNED

 

 

 

 

 

 

Direct

 

$

15,362,814 

 

$

15,237,955 

Reinsurance assumed

 

 

44,950 

 

 

55,376 

Reinsurance ceded

 

 

(2,393,775)

 

 

(2,847,417)

Net

 

$

13,013,989 

 

$

12,445,914 

LOSS AND SETTLEMENT EXPENSES INCURRED

 

 

 

 

 

 

Direct

 

$

8,761,679 

 

$

14,716,353 

Reinsurance assumed

 

 

26,518 

 

 

46,306 

Reinsurance ceded

 

 

(946,115)

 

 

(5,155,369)

Net

 

$

7,842,082 

 

$

9,607,290