Reinsurance

3 Months Ended

Mar. 31, 2013

Reinsurance Disclosures [Abstract]

Reinsurance

Reinsurance

The following is a summary of reinsurance financial information:

	For the Three Months Ended
	March 31,
(In thousands)	2013			2012
Written premiums:
Direct	$	1,400,412		$	1,201,019
Assumed	231,209			200,507
Ceded	(254,655		)	(198,000		)
Total net premiums written	$	1,376,966		$	1,203,526
Earned premiums:
Direct	$	1,240,562		$	1,103,956
Assumed	214,016			179,518
Ceded	(222,459		)	(183,823		)
Total net premiums earned	$	1,232,119		$	1,099,651
Ceded losses incurred	$	110,551		$	85,277

The Company reinsures a portion of its exposures principally to reduce its net liability on individual risks and to protect against catastrophic losses. The Company also cedes premiums to state assigned risk plans and captive insurance companies. Estimated amounts due from reinsurers are reported net of reserves for uncollectible reinsurance of $2 million as of March 31, 2013 and December 31, 2012.