REINSURANCE (Tables)

9 Months Ended

Sep. 30, 2020

Reinsurance Disclosures [Abstract]

Reinsurance Recoverables

Reinsurance recoverable, net consisted of the following:

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	September 30,		December 31,
	2020		2019
	(In thousands)
Reinsurance recoverable on paid losses	$	102,973	$	45,186
Reinsurance recoverable on unpaid losses	349,221		164,429
Reinsurance recoverable, net	$	452,194	$	209,615

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,
	2020		2019		2020		2019
	(In thousands)
Net Premiums Written
Direct	$	180,152	$	159,131	$	558,492	$	460,534
Ceded	(304,751)		(146,231)		(379,268)		(220,363)
	$	(124,599)	$	12,900	$	179,224	$	240,171
Net Premiums Earned
Direct	$	183,518	$	145,546	$	538,988	$	425,133
Ceded	(99,972)		(58,172)		(238,054)		(156,669)
	$	83,546	$	87,374	$	300,934	$	268,464