REINSURANCE (Tables)

9 Months Ended

Sep. 30, 2019

Reinsurance Disclosures [Abstract]

Reinsurance Recoverables

Reinsurance recoverable, net consisted of the following:

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	September 30,		December 31,
	2019		2018
	(In thousands)
Reinsurance recoverable on paid losses	$	47,857	$	45,028
Reinsurance recoverable on unpaid losses	155,018		166,396
Reinsurance recoverable, net	$	202,875	$	211,424

Premiums Written and Earned

Net premiums written and net premiums earned consisted of the following:

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	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2019		2018		2019		2018
	(In thousands)
Net Premiums Written
Direct	$	159,131	$	139,022	$	460,534	$	440,151
Ceded	(146,231)		(81,023)		(220,363)		(177,604)
	$	12,900	$	57,999	$	240,171	$	262,547
Net Premiums Earned
Direct	$	145,546	$	144,907	$	425,133	$	438,239
Ceded	(58,172)		(46,414)		(156,669)		(174,080)
	$	87,374	$	98,493	$	268,464	$	264,159