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Underwriting Information (Tables)
6 Months Ended
Jun. 30, 2022
Underwriting Information  
Schedule of gross written premiums

Three Months Ended June 30, 

 

Six Months Ended June 30, 

2022

2021

 

2022

2021

 

($ in thousands)

 

($ in thousands)

 

% of

% of

 

% of

% of

 

Amount

GWP

Amount

GWP

 

Amount

GWP

Amount

GWP

 

Product

    

  

    

  

    

  

    

  

    

  

    

  

    

  

    

  

Residential Earthquake

$

54,090

24.7

%  

$

42,192

32.6

%

$

100,426

25.8

%  

$

78,090

33.5

%

Fronting Premiums

42,154

19.3

%  

0.0

%

71,999

18.5

%  

0.0

%

Commercial Earthquake

 

33,103

15.1

%  

 

17,343

13.4

%

 

58,247

14.9

%  

 

38,619

16.6

%

Inland Marine

23,134

10.6

%

11,681

9.0

%

41,371

10.6

%  

19,515

8.4

%

Commercial All Risk

21,213

9.7

%  

14,976

11.6

%

31,791

8.2

%  

23,165

9.9

%

Specialty Homeowners

 

13,891

6.4

%  

 

19,135

14.8

%

 

30,176

7.7

%  

 

33,138

14.2

%

Hawaii Hurricane

 

8,240

3.8

%  

 

7,788

6.0

%

 

15,154

3.9

%  

 

13,925

6.0

%

Residential Flood

 

3,583

1.6

%  

 

2,865

2.2

%

 

6,577

1.7

%  

 

5,149

2.2

%

Other

 

19,281

8.8

%  

13,379

10.4

%

33,882

8.7

%  

21,335

9.2

%

Total Gross Written Premiums

$

218,689

 

100.0

%  

$

129,359

 

100.0

%

$

389,623

 

100.0

%  

$

232,936

 

100.0

%

Gross written premiums by state are as follows:

Three Months Ended June 30, 

 

Six Months Ended June 30, 

2022

2021

 

2022

2021

 

($ in thousands)

 

($ in thousands)

 

% of

% of

 

% of

% of

 

Amount

GWP

Amount

GWP

 

Amount

GWP

Amount

GWP

 

State

    

  

    

  

    

  

    

  

    

  

    

  

    

  

    

  

California

$

93,130

42.6

%  

$

54,223

41.9

%

$

161,848

41.5

%  

$

104,725

45.0

%

Texas

26,286

12.0

%  

17,373

13.4

%

45,265

11.6

%  

28,427

12.2

%

Florida

14,809

6.8

%  

11,697

9.0

%

19,771

5.1

%  

17,755

7.6

%

Hawaii

 

10,191

4.7

%  

 

9,041

7.0

%

 

18,731

4.8

%  

 

15,970

6.9

%

Washington

8,937

4.1

%  

4,663

3.6

%

15,818

4.1

%  

8,751

3.8

%

Illinois

4,676

2.1

%  

3,173

2.5

%

8,949

2.3

%  

5,775

2.4

%

Oregon

 

4,371

2.0

%  

 

2,818

2.2

%

 

8,745

2.2

%  

 

5,723

2.4

%

North Carolina

3,700

1.7

%  

4,264

3.3

%

7,778

2.0

%  

8,152

3.5

%

Other

 

52,589

24.0

%  

 

22,107

17.1

%

 

102,718

26.4

%  

 

37,658

16.2

%

Total Gross Written Premiums

$

218,689

 

100.0

%  

$

129,359

 

100.0

%

$

389,623

 

100.0

%  

$

232,936

 

100.0

%

Gross written premiums by insurance subsidiary are as follows:

Three Months Ended June 30, 

 

Six Months Ended June 30, 

2022

2021

 

2022

2021

 

($ in thousands)

 

($ in thousands)

 

% of

% of

 

% of

% of

 

Amount

GWP

Amount

GWP

 

Amount

GWP

Amount

GWP

 

Subsidiary

PSIC

$

116,338

53.2

%  

$

95,271

73.6

%

$

220,342

56.6

%  

$

175,117

75.2

%

PESIC

102,351

46.8

%  

34,088

26.4

%

169,281

43.4

%  

57,819

24.8

%

Total Gross Written Premiums

$

218,689

 

100.0

%  

$

129,359

 

100.0

%

$

389,623

 

100.0

%  

$

232,936

 

100.0

%