REINSURANCE (Tables)

3 Months Ended

Mar. 31, 2022

Reinsurance Disclosures [Abstract]

Reinsurance Recoverables

Reinsurance recoverable, net consisted of the following:

	March 31,		December 31,
	2022		2021
	(In thousands)
Reinsurance recoverable on paid losses	$	100,499	$	59,096
Reinsurance recoverable on unpaid losses	481,531		554,356
Allowance for credit loss	(109)		(249)
Reinsurance recoverable, net	$	581,921	$	613,203

Premiums Written and Earned

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

	Three Months Ended
	March 31,
	2022		2021
	(In thousands)
Net Premiums Written
Direct	$	137,892	$	174,207
Ceded	(38,269)		(78,149)
	$	99,623	$	96,058
Net Premiums Earned
Direct	$	164,328	$	179,002
Ceded	(118,343)		(139,257)
	$	45,985	$	39,745