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REINSURANCE (Tables)
3 Months Ended
Mar. 31, 2018
Reinsurance Disclosures [Abstract]  
Reinsurance Recoverables
Reinsurance recoverable, net consisted of the following:
໿

 
March 31,
 
December 31,

 
2018
 
2017

 
(in thousands)
Reinsurance recoverable on paid losses
 
$
34,664

 
$
26,256

Reinsurance recoverable on unpaid losses
 
111,427

 
98,345

Reinsurance recoverable, net
 
$
146,091

 
$
124,601

Premiums Written and Earned
Net premiums written and net premiums earned consisted of the following:
໿
໿

 
Three Months Ended

 
March 31,

 
2018
 
2017

 
(in thousands)
Net premiums written:
 
 
 
 
Direct
 
$
134,395

 
$
146,051

Ceded
 
(20,107
)
 
(24,137
)

 
$
114,288

 
$
121,914

Net premiums earned:
 
 

 
 

Direct
 
$
146,442

 
$
147,978

Ceded
 
(64,333
)
 
(66,318
)

 
$
82,109

 
$
81,660