Note 10 - Reinsurance (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

Ceded Credit Risk [Table Text Block]

	Year Ended December 31,
	2023			2022		2021
	(in thousands)
Fronting	$	351,485		$	237,285	$	11,001
Inland Marine		88,213			63,627		28,389
Casualty		36,677			23,398		5,138
Commercial Earthquake		29,708			20,467		14,447
Commercial All Risk		7,229			6,260		3,948
Specialty Homeowners		(41	)		4,946		27,394
Others		13,009			9,210		5,684
Total	$	526,280		$	365,193	$	96,001

Effects of Reinsurance [Table Text Block]

	2023						2022						2021
	Written			Earned			Written			Earned			Written			Earned
	(in thousands)
Premiums Written and Earned:
Direct	$	1,083,804		$	959,614		$	816,387		$	628,973		$	467,424		$	384,463
Assumed		57,754			56,107			65,481			66,299			67,751			49,535
Ceded		(731,531	)		(669,808	)		(524,575	)		(378,806	)		(223,443	)		(200,172	)
Net	$	410,027		$	345,913		$	357,293		$	316,466		$	311,732		$	233,826

	2023
	Losses			LAE			Total
	(in thousands)
Losses and LAE Incurred:
Direct	$	228,441		$	60,834		$	289,275
Assumed		19,799			1,789			21,588
Ceded		(186,706	)		(51,565	)		(238,271	)
Net	$	61,534		$	11,058		$	72,592

	2022
	Losses			LAE			Total
	(in thousands)
Losses and LAE Incurred:
Direct	$	133,517		$	38,004		$	171,521
Assumed		23,574			5,998			29,572
Ceded		(91,261	)		(31,159	)		(122,421	)
Net	$	65,829		$	12,843		$	78,672

	2021
	Losses			LAE			Total
	(in thousands)
Losses and LAE Incurred:
Direct	$	168,292		$	13,295		$	181,587
Assumed		17,184			1,926			19,110
Ceded		(148,106	)		(11,134	)		(159,240	)
Net	$	37,370		$	4,087		$	41,457