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Reinsurance (Tables)
6 Months Ended
Jun. 30, 2020
Insurance [Abstract]  
Schedule of Effect of Reinsurance on Premiums Written, Amounts Earned, and Losses Incurred

The effect of reinsurance on premiums written, amounts earned, and losses incurred for the three and six months ended June 30, 2020 and 2019 is as follows:

 

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Premiums written:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Direct

 

$

3,515,340

 

 

$

3,783,325

 

 

$

11,233,852

 

 

$

11,980,842

 

Ceded

 

 

2,176,966

 

 

 

648,254

 

 

 

2,423,445

 

 

 

2,600,731

 

Premiums written, net of reinsurance

 

$

1,338,374

 

 

$

3,135,071

 

 

$

8,810,407

 

 

$

9,380,111

 

Premiums earned:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Direct

 

$

5,164,623

 

 

$

6,075,535

 

 

$

11,066,071

 

 

$

12,428,915

 

Ceded

 

 

464,901

 

 

 

747,541

 

 

 

1,681,639

 

 

 

1,609,714

 

Premiums earned, net of reinsurance

 

$

4,699,722

 

 

$

5,327,994

 

 

$

9,384,432

 

 

$

10,819,201

 

Losses and loss adjustment expenses incurred:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Direct

 

$

3,470,626

 

 

$

6,365,077

 

 

$

7,436,399

 

 

$

10,276,266

 

Ceded

 

 

274,815

 

 

 

2,097,637

 

 

 

1,054,985

 

 

 

2,687,150

 

Losses and loss adjustment expenses incurred,

   net of reinsurance

 

$

3,195,811

 

 

$

4,267,440

 

 

$

6,381,414

 

 

$

7,589,116