XML 48 R37.htm IDEA: XBRL DOCUMENT v3.25.3
Reinsurance for the Reciprocal (Tables)
 9 Months Ended
Sep. 30, 2025
Reinsurance Disclosures [Abstract]  
Schedule of Effects of Reinsurance on Premiums Written, Earned, Incurred Losses and LAE
The effects of reinsurance on premiums written by the Reciprocal and earned for the three and nine months ended September 30, 2025 and 2024, were as follows:
Three Months Ended September 30,
20252024
WrittenEarnedWrittenEarned
Direct premiums$109,884$98,880$130,780$103,328
Ceded premiums(23,147)(22,305)(48,408)(40,855)
Net premiums$86,737$76,575$82,372$62,473
Nine Months Ended September 30,
20252024
WrittenEarnedWrittenEarned
Direct premiums$281,159 $301,444 $315,600$314,262
Ceded premiums$(34,410)$(82,600)(138,594)(117,736)
Net premiums$246,749 $218,844 $177,006$196,526
The effects of reinsurance on incurred losses and loss adjustment expense (“LAE”) for the three and nine months ended September 30, 2025 and 2024, were as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Direct losses and LAE$19,828 $53,821 $104,184 $243,447 
Ceded losses and LAE(225)(14,803)(22,855)(51,346)
Net losses and LAE$19,603 $39,018 $81,329 $192,101 
Schedule of Reinsurance Balances Due
The detail of reinsurance balances due is as follows:
September 30,
2025		December 31,
2024
Ceded unearned premium$20,128 $64,571 
Losses and LAE reserve11,572 19,793 
Reinsurance recoverable3,908 7,111 
Other496 828 
Reinsurance balance due$36,104 $92,303