Reinsurance (Tables)

3 Months Ended

Mar. 31, 2023

Reinsurance

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

The effects of reinsurance on premiums written and earned for the three months ended March 31, 2023, and 2022 were as follows:

	Three Months Ended March 31,
	2023				2022
	Written		Earned		Written		Earned
Direct premiums	$	96,873	$	114,824	$	87,123	$	84,318
Ceded premiums		2,266		(74,674)		(60,636)		(71,727)
Net premiums	$	99,139	$	40,150	$	26,487	$	12,591

The effects of reinsurance on incurred losses and loss adjustment expense (“LAE”) for the three months ended March 31, 2023, and 2022 were as follows:

	Three Months Ended March 31,
	2023		2022
Direct losses and LAE	$	90,015	$	68,221
Ceded losses and LAE		(47,156)		(54,946)
Net losses and LAE	$	42,859	$	13,275

Schedule of reinsurance balances due

	March 31, 2023		December 31, 2022
Ceded unearned premium	$	169,360	$	203,157
Losses and LAE reserve		74,043		76,999
Reinsurance recoverable		49,281		18,765
Other		91		139
Reinsurance balance due	$	292,775	$	299,060