REINSURANCE (Tables)

6 Months Ended

Jun. 30, 2021

Reinsurance Disclosures [Abstract]

Reinsurance Recoverables

Reinsurance recoverable, net consisted of the following:

	June 30,		December 31,
	2021		2020
	(In thousands)
Reinsurance recoverable on paid losses	$	82,590	$	54,898
Reinsurance recoverable on unpaid losses	407,271		358,193
Allowance for credit loss	(322)		(65)
Reinsurance recoverable, net	$	489,539	$	413,026

Premiums Written and Earned

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

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
	(In thousands)
Net Premiums Written
Direct	$	196,285	$	205,378	$	370,492	$	378,340
Ceded	(116,934)		(60,751)		(195,083)		(74,517)
	$	79,351	$	144,627	$	175,409	$	303,823
Net Premiums Earned
Direct	$	178,478	$	179,896	$	357,480	$	355,470
Ceded	(142,997)		(68,418)		(282,254)		(138,082)
	$	35,481	$	111,478	$	75,226	$	217,388