XML 84 R66.htm IDEA: XBRL DOCUMENT v3.3.1.900
Reinsurance - Summary of Quota Share Reinsurance Agreements (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Jul. 01, 2015
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Effects of Reinsurance [Line Items]                        
Ceded premiums written, net of profit commission                   $ 55,391 $ 119,634 $ 73,503
Ceded to Other Companies                   102,848 108,255 38,101
Ceded losses incurred                   27,685 29,986 27,790
Premiums Earned, Net [Abstract]                        
Premiums earned, direct                   997,892 950,973 979,078
Premiums earned, assumed                   1,178 1,653 2,074
Premiums earned, ceded                   (102,848) (108,255) (38,101)
Net premiums earned   $ 226,192 $ 239,234 $ 213,508 $ 217,288 $ 213,589 $ 209,035 $ 207,486 $ 214,261 896,222 844,371 943,051
Policyholder Benefits and Claims Incurred, Net [Abstract]                        
Losses incurred, direct                   369,680 524,051 863,871
Losses incurred, assumed                   1,552 2,012 2,645
Losses incurred, ceded                   (27,685) (29,986) (27,790)
Net losses incurred   $ 95,066 76,458 $ 90,238 $ 81,785 $ 117,074 $ 115,254 $ 141,141 $ 122,608 343,547 496,077 838,726
Quota Share Reinsurance Agreement, 2013                        
Effects of Reinsurance [Line Items]                        
Ceded premiums written, net of profit commission     69,400             (11,355) [1] 100,031 49,672
Ceded to Other Companies     11,600             35,999 [1] 88,528 13,821
Ceded losses incurred                   6,060 15,163 176
Reinsurance, ceding commission     11,600             10,235 [1],[2] 37,833 [2] 10,408 [2]
Profit commission $ 142,500                 62,525 [1] 89,133 2,368
Premiums Earned, Net [Abstract]                        
Premiums earned, ceded     $ (11,600)             (35,999) [1] (88,528) (13,821)
Policyholder Benefits and Claims Incurred, Net [Abstract]                        
Losses incurred, ceded                   (6,060) $ (15,163) $ (176)
Quota Share Reinsurance Agreement, 2015                        
Effects of Reinsurance [Line Items]                        
Ceded premiums written, net of profit commission [3]                   52,588    
Ceded to Other Companies [3]                   52,588    
Ceded losses incurred                   11,424    
Reinsurance, ceding commission [2]                   20,582    
Profit commission                   50,322    
Premiums Earned, Net [Abstract]                        
Premiums earned, ceded [3]                   (52,588)    
Policyholder Benefits and Claims Incurred, Net [Abstract]                        
Losses incurred, ceded                   $ (11,424)    
[1] The year ended December 31, 2015 includes the non-recurring impact of commuting our 2013 QSR Transaction. The commutation had no impact on ceded losses incurred.
[2] Ceding commissions are reported within Other underwriting and operating expenses, net on the consolidated statements of operations.
[3] As of July 1, 2015, premiums are ceded on an earned and received basis as defined in our 2015 QSR Transaction.