Reinsurance (Tables)

12 Months Ended

Dec. 31, 2014

Impact of reinsurance ceded and assumed on the company's net premium written and earned

The following table summarizes the impact of reinsurance ceded and assumed on the Company’s net premium written and earned for the most recent three years:

	Premiums Written									Premiums Earned
	2014			2013			2012			2014			2013			2012
Direct	$	343,200		$	314,784		$	284,200		$	342,656		$	313,842		$	287,982
Ceded on direct		(118,942	)		(112,967	)		(105,292	)		(117,973	)		(111,057	)		(101,396	)
Net direct		224,258			201,817			178,908			224,683			202,785			186,586

Assumed		39,188			54,692			57,086			38,219			52,783			53,191
Ceded on assumed		(1,275	)		(2,825	)		(2,316	)		(1,275	)		(2,825	)		(2,316	)
Net assumed		37,913			51,867			54,770			36,944			49,958			50,875

Net	$	262,171		$	253,684		$	233,678		$	261,627		$	252,743		$	237,461

Components of reinsurance recoverable

Components of reinsurance recoverable at December 31 are as follows:

	2014		2013
Case unpaid losses, net of valuation allowance	$	143,403	$	133,484
Incurred but not reported unpaid losses and loss expenses		66,325		52,157
Paid losses and loss expenses		6,910		4,126
Unearned premiums		3,583		5,801
	$	220,221	$	195,568