REINSURANCE (Tables)

3 Months Ended

Mar. 31, 2021

Reinsurance Disclosures [Abstract]

Reinsurance Recoverables

Reinsurance recoverable, net consisted of the following:

	March 31,		December 31,
	2021		2020
	(In thousands)
Reinsurance recoverable on paid losses	$	111,604	$	54,898
Reinsurance recoverable on unpaid losses	328,242		358,193
Allowance for credit loss	(302)		(65)
Reinsurance recoverable, net	$	439,544	$	413,026

Premiums Written and Earned

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

	Three Months Ended
	March 31,
	2021		2020
	(In thousands)
Net Premiums Written
Direct	$	174,207	$	172,962
Ceded	(78,149)		(13,766)
	$	96,058	$	159,196
Net Premiums Earned
Direct	$	179,002	$	175,574
Ceded	(139,257)		(69,664)
	$	39,745	$	105,910