Reinsurance (Tables)

12 Months Ended

Dec. 31, 2022

Reinsurance

Schedule of effects of reinsurance on premiums written, earned, incurred losses and LAE

	Year Ended December 31,
	2022				2021
	Written		Earned		Written		Earned
Direct premiums	$	462,179	$	395,968	$	266,609	$	213,423
Ceded premiums		(399,400)		(349,952)		(237,102)		(199,366)
Net premiums	$	62,779	$	46,016	$	29,507	$	14,057

The effects of reinsurance on incurred losses and LAE for the period since the acquisition date of April 5, 2021 were as follows:

	Year Ended December 31,
	2022		2021
Direct losses and LAE	$	280,505	$	181,256
Ceded losses and LAE		(224,202)		(162,752)
Net losses and LAE	$	56,303	$	18,504

Schedule of reinsurance balances due

	December 31, 2022		December 31, 2021
Ceded unearned premium	$	203,157	$	153,710
Losses and LAE reserve		76,999		56,752
Reinsurance recoverable		18,765		17,780
Other		139		174
Reinsurance balance due	$	299,060	$	228,416