Reinsurance

9 Months Ended

Sep. 30, 2022

Reinsurance

Reinsurance

10. Reinsurance

The effects of reinsurance on premiums written and earned for the three and nine months ended September 30, 2022, and 2021 were as follows:

	Three Months Ended September 30,
	2022				2021
	Written		Earned		Written		Earned
Direct premiums	$	137,047	$	105,245	$	96,201	$	72,360
Ceded premiums		(119,131)		(93,982)		(87,949)		(67,666)
Net premiums	$	17,916	$	11,263	$	8,252	$	4,694
	Nine Months Ended September 30,
	2022				2021
	Written		Earned		Written		Earned
Direct premiums	$	349,084	$	282,645	$	177,333	$	134,712
Ceded premiums		(297,693)		(248,804)		(158,793)		(126,743)
Net premiums	$	51,391	$	33,841	$	18,540	$	7,969

The effects of reinsurance on incurred losses and loss adjustment expense (“LAE”) for the three and nine months ended September 30, 2022, and 2021 were as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Direct losses and LAE	$	77,471	$	29,948	$	220,309	$	155,243
Ceded losses and LAE		(60,900)		(26,408)		(180,006)		(140,978)
Net losses and LAE	$	16,571	$	3,540	$	40,303	$	14,265

The detail of reinsurance balances due is as follows:

	September 30, 2022		December 31, 2021
Ceded unearned premium	$	202,598	$	153,710
Losses and LAE reserve		81,971		56,752
Reinsurance recoverable		18,917		17,780
Other		501		174
Reinsurance balance due	$	303,987	$	228,416