Related Party Disclosures (Tables)

9 Months Ended

Sep. 30, 2021

Reinsurance Disclosures [Abstract]

Effects of Reinsurance

The following table summarizes the effects of reinsurance on written and earned premiums and on losses and LAE for Ark.

	Three Months Ended September 30, 2021		Nine Months Ended September 30, 2021
Millions
Written premiums:
Gross	$	162.4	$	895.0
Ceded	(41.5)		(169.5)
Net written premiums	$	120.9	$	725.5
Earned premiums:
Gross	$	284.5	$	622.0
Ceded	(71.1)		(186.2)
Net earned premiums	$	213.4	$	435.8
Losses and LAE:
Gross	$	193.5	$	372.7
Ceded	(64.3)		(124.9)
Net Losses and LAE	$	129.2	$	247.8

The following table provides a listing of Ark’s remaining gross and net reinsurance recoverables, excluding amounts related to TPC Providers, by the reinsurer’s A.M. Best Company, Inc (“A.M. Best”) rating and the percentage of total recoverables.

	As of September 30, 2021
A.M. Best Rating(1)	Gross		Collateral		Net		% of Total
A+ or better	$	122.8	$	23.9	$	98.9	84.2	%
A- to A	32.7		15.6		17.1		14.6
B++ or lower and not rated	10.2		8.8		1.4		1.2
Total	$	165.7	$	48.3	$	117.4	100.0	%

(1) A.M. Best ratings as detailed above are: “A+ or better” (Superior) “A- to A” (Excellent), “B++” (Good).