XML 48 R37.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Reinsurance (Tables)
 3 Months Ended
Mar. 31, 2024
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 months ended March 31, 2024 and 2023, were as follows:
Three Months Ended March 31,
20242023
WrittenEarnedWrittenEarned
Direct premiums$75,104$108,588$96,873$114,824
Ceded premiums(30,329)(36,363)2,266 (74,674)
Net premiums$44,775$72,225$99,139$40,150
The effects of reinsurance on incurred losses and loss adjustment expense (“LAE”) for the three months ended March 31, 2024 and 2023, were as follows:
Three Months Ended March 31,
20242023
Direct losses and LAE$79,416 $90,015 
Ceded losses and LAE(10,483)(47,156)
Net losses and LAE$68,933 $42,859 
Schedule of Reinsurance Balances Due
The detail of reinsurance balances due is as follows:
March 31,
2024		December 31,
2023
Ceded unearned premium$41,899 $50,697 
Losses and LAE reserve18,556 19,911 
Reinsurance recoverable14,637 12,629 
Other327 345 
Reinsurance balance due$75,419 $83,582