Note 6. Reinsurance

In accordance with general practice in the insurance industry, portions of the life, property and casualty insurance written by the Company are reinsured; however, the Company remains liable with respect to reinsurance ceded should any reinsurer be unable or unwilling to meet its obligations. Approximately 99.7% of the Company’s reinsurance recoverables were due from a single reinsurer as of December 31, 2019. Reinsurance recoverables of $32,035 were due from General Re Corporation, rated “AA+” by Standard & Poor’s and “A++” (Superior) by A.M. Best. Allowances for uncollectible amounts are established against reinsurance recoverables, if appropriate.

The effects of reinsurance on premiums written, premiums earned and insurance benefits and losses incurred were as follows:

	2019			2018
Direct premiums written	$	237,973		$	220,415
Assumed premiums written		23,275			20,093
Ceded premiums written		(77,750	)		(66,845	)
Net premiums written	$	183,498		$	173,663

Direct premiums earned	$	237,361		$	219,785
Assumed premiums earned		22,345			19,680
Ceded premiums earned		(77,781	)		(66,534	)
Net premiums earned	$	181,925		$	172,931

Provision for benefits and losses incurred	$	206,390		$	188,275
Reinsurance loss recoveries		(67,165	)		(55,625	)
Insurance benefits and losses incurred	$	139,225		$	132,650

Components of reinsurance receivables at December 31, 2019 and 2018 were as follows:

	2019		2018
Recoverable on unpaid losses	$	18,339	$	14,354
Recoverable on unpaid benefits		10,772		9,355
Recoverable on paid losses		1,538		992
Ceded unearned premiums		1,155		1,185
Ceded advanced premiums		331		224
Total reinsurance receivables	$	32,135	$	26,110