REINSURANCE (Tables)

3 Months Ended

Mar. 31, 2020

Reinsurance Disclosures [Abstract]

Reinsurance Recoverables

Reinsurance recoverable, net consisted of the following:

໿

	March 31,		December 31,
	2020		2019
	(In thousands)
Reinsurance recoverable on paid losses	$	48,544	$	45,186
Reinsurance recoverable on unpaid losses	212,606		164,429
Reinsurance recoverable, net	$	261,150	$	209,615

Premiums Written and Earned

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

໿

໿

	Three Months Ended
	March 31,
	2020		2019
	(In thousands)
Net Premiums Written
Direct	$	172,962	$	132,233
Ceded	(13,766)		(11,793)
	$	159,196	$	120,440
Net Premiums Earned
Direct	$	175,574	$	138,367
Ceded	(69,664)		(49,583)
	$	105,910	$	88,784