Reinsurance (Tables)

9 Months Ended

Sep. 30, 2023

Reinsurance Disclosures [Abstract]

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 and nine months ended September 30, 2023 and 2022, were as follows:

	Three Months Ended September 30,
	2023				2022
	Written		Earned		Written		Earned
Direct premiums	$	130,952	$	117,032	$	137,047	$	105,245
Ceded premiums	30,358		(41,846)		(119,131)		(93,982)
Net premiums	$	161,310	$	75,186	$	17,916	$	11,263

	Nine Months Ended September 30,
	2023				2022
	Written		Earned		Written		Earned
Direct premiums	$	349,365	$	348,253	$	349,084	$	282,645
Ceded premiums	(34,763)		(188,686)		(297,693)		(248,804)
Net premiums	$	314,602	$	159,567	$	51,391	$	33,841

The effects of reinsurance on incurred losses and loss adjustment expense (“LAE”) for the three and nine months ended September 30, 2023 and 2022, were as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Direct losses and LAE	$	44,273	$	77,471	$	271,879	$	220,309
Ceded losses and LAE	(1,727)		(60,900)		(115,325)		(180,006)
Net losses and LAE	$	42,546	$	16,571	$	156,554	$	40,303

Schedule of reinsurance balances due

The detail of reinsurance balances due is as follows:

	September 30, 2023		December 31, 2022
Ceded unearned premium	$	49,271	$	203,157
Losses and LAE reserve	25,772		76,999
Reinsurance recoverable	23,118		18,765
Other	330		139
Reinsurance balance due	$	98,491	$	299,060