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Reinsurance (Tables)
6 Months Ended
Jun. 30, 2012
Reinsurance Disclosures [Abstract]  
Reinsurance Financial Information
The following is a summary of reinsurance financial information:
  
 
For the Three Months Ended
 
For the Six Months Ended
 
 
June 30,
 
June 30,
(Dollars in thousands)
 
2012
 
2011
 
2012
 
2011
Written premiums:
 
 
 
 
 
 
 
 
Direct
 
$
1,249,576

 
$
1,094,879

 
$
2,450,595

 
$
2,171,726

Assumed
 
181,344

 
150,397

 
381,851

 
343,408

Ceded
 
(239,929
)
 
(187,861
)
 
(437,929
)
 
(374,416
)
Total net premiums written
 
$
1,190,991

 
$
1,057,415

 
$
2,394,517

 
$
2,140,718

 
 
 
 
 
 
 
 
 
Earned premiums:
 
 
 
 
 
 
 
 
Direct
 
$
1,163,162

 
$
1,020,606

 
$
2,267,118

 
$
1,993,131

Assumed
 
186,762

 
161,942

 
366,280

 
323,812

Ceded
 
(202,567
)
 
(165,304
)
 
(386,390
)
 
(317,202
)
Total net premiums earned
 
$
1,147,357

 
$
1,017,244

 
$
2,247,008

 
$
1,999,741

 
 
 
 
 
 
 
 
 
Ceded losses incurred
 
$
109,142

 
$
80,287

 
$
194,419

 
$
195,112