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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