REINSURANCE (Tables)

12 Months Ended

Dec. 31, 2020

Reinsurance Disclosures [Abstract]

Reinsurance Recoverables

Reinsurance recoverable, net consisted of the following:

	December 31,
	2020		2019
	(In thousands)
Reinsurance recoverable on paid losses	$	54,898	$	45,186
Reinsurance recoverable on unpaid losses	358,193		164,429
Allowance for credit loss	(65)		—
Reinsurance recoverable, net	$	413,026	$	209,615

Premiums Written and Earned

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

	Year Ended December 31,
	2020		2019		2018
	(In thousands)
Net Premiums Written
Direct	$	726,885	$	610,608	$	567,764
Ceded	(490,262)		(232,729)		(202,732)
	$	236,623	$	377,879	$	365,032
Net Premiums Earned
Direct	$	720,967	$	582,334	$	580,020
Ceded	(356,833)		(218,682)		(224,763)
	$	364,134	$	363,652	$	355,257