REINSURANCE (Tables)

9 Months Ended

Sep. 30, 2021

Reinsurance Disclosures [Abstract]

Reinsurance Recoverables

Reinsurance recoverable, net consisted of the following:

	September 30,		December 31,
	2021		2020
	(In thousands)
Reinsurance recoverable on paid losses	$	118,917	$	54,898
Reinsurance recoverable on unpaid losses	840,877		358,193
Allowance for credit loss	(531)		(65)
Reinsurance recoverable, net	$	959,263	$	413,026

Premiums Written and Earned

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

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2021		2020		2021		2020
	(In thousands)
Net Premiums Written
Direct	$	157,003	$	180,152	$	527,495	$	558,492
Ceded	(265,554)		(304,751)		(460,637)		(379,268)
	$	(108,551)	$	(124,599)	$	66,858	$	179,224
Net Premiums Earned
Direct	$	178,368	$	183,518	$	535,848	$	538,988
Ceded	(124,439)		(99,972)		(406,693)		(238,054)
	$	53,929	$	83,546	$	129,155	$	300,934