Reinsurance (Tables)

9 Months Ended

Sep. 30, 2020

Reinsurance Disclosures [Abstract]

Reinsurance Recoverable, Credit Quality Indicator [Table Text Block]

	September 30, 2020
($ in thousands)	Current		Past Due		Total Reinsurance Recoverables
Financial strength rating of rated reinsurers1
A++	$	23,497	$	230	$	23,727
A+	251,341		3,102		254,443
A	103,560		1,569		105,129
A-	115,196		—		115,196
B++	95		288		383
B+	10		—		10
Total rated reinsurers	$	493,699	$	5,189	$	498,888
Non-rated reinsurers
Federal and state pools	$	111,399	$	—	$	111,399
Other than federal and state pools	2,919		81		3,000
Total non-rated reinsurers	$	114,318	$	81	$	114,399
Total reinsurance recoverable, gross	$	608,017	$	5,270	$	613,287
Less: allowance for credit losses2					(1,831)
Total reinsurance recoverable, net					$	611,456

1Credit ratings as of September 30, 2020.

Reinsurance Recoverable, Allowance for Credit Loss [Table Text Block]

($ in thousands)	Quarter ended September 30, 2020		Nine Months ended September 30, 2020
Balance at beginning of period	$	2,396	$	4,400
Cumulative effect adjustment1	—		(2,903)
Balance at beginning of period, as adjusted	$	2,396	$	1,497
Current period provision for expected credit losses	(565)		334
Write-offs charged against the allowance for credit losses	—		—
Recoveries	—		—
Allowance for credit losses, end of period	$	1,831	$	1,831

1See Note 2. "Adoption of Accounting Pronouncements" for additional information regarding our adoption of ASU 2016-13.

Schedule of List Of Direct, Assumed, And Ceded Reinsurance Amounts

	Quarter ended September 30,			Nine Months ended September 30,
($ in thousands)	2020		2019	2020		2019
Premiums written:
Direct	$	839,275	785,680	$	2,420,350	2,359,441
Assumed	5,450		6,882	17,902		18,770
Ceded	(125,217)		(115,634)	(346,665)		(326,939)
Net	$	719,508	676,928	$	2,091,587	2,051,272
Premiums earned:
Direct	$	803,957	752,872	$	2,292,495	2,221,257
Assumed	6,147		6,356	18,375		18,660
Ceded	(115,563)		(105,608)	(333,955)		(311,105)
Net	$	694,541	653,620	$	1,976,915	1,928,812
Loss and loss expenses incurred:
Direct	$	530,192	437,617	$	1,407,000	1,297,975
Assumed	4,232		4,362	13,430		13,975
Ceded	(86,622)		(43,304)	(168,355)		(145,712)
Net	$	447,802	398,675	$	1,252,075	1,166,238

COVID 19 Impact [Table Text Block]

COVID-19 Impact	Quarter ended September 30, 2020				Nine Months ended September 30, 2020
($ in thousands)	Premium Audit		Premium Credit	Total	Premium Audit		Property IBNR	Premium Credit	Total
DPW	$	—	—	—	$	(75,000)	—	(19,740)	(94,740)
Direct premiums earned	(16,303)		—	(16,303)	(64,636)		—	(19,740)	(84,376)
Direct loss and loss expenses incurred	(9,468)		—	(9,468)	(37,541)		10,000	(19,740)	(47,281)

Schedule of Ceded Premiums and Losses Related to Flood Operations

Ceded to NFIP	Quarter ended September 30,			Nine Months ended September 30,
($ in thousands)	2020		2019	2020		2019
Ceded premiums written	$	(77,318)	(74,863)	$	(213,592)	(206,451)
Ceded premiums earned	(68,427)		(65,846)	(202,656)		(191,914)
Ceded loss and loss expenses incurred	(48,132)		(27,459)	(66,219)		(62,208)