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Reinsurance (Tables)
12 Months Ended
Dec. 31, 2013
Reinsurance Disclosures [Abstract]  
Reinsurance Financial Information
The following is a summary of reinsurance financial information:
(In thousands)
2013
 
2012
 
2011
Written premiums:
 

 
 

 
 

Direct
$
5,626,172

 
$
4,964,069

 
$
4,370,092

Assumed
884,919

 
815,810

 
707,221

Ceded
(1,010,918
)
 
(881,340
)
 
(719,945
)
Total net written premiums
$
5,500,173

 
$
4,898,539

 
$
4,357,368

 
 
 
 
 
 
Earned premiums:
 

 
 

 
 

Direct
$
5,328,955

 
$
4,723,882

 
$
4,164,277

Assumed
857,119

 
770,981

 
669,593

Ceded
(959,537
)
 
(821,347
)
 
(673,003
)
Total net earned premiums
$
5,226,537

 
$
4,673,516

 
$
4,160,867

 
 
 
 
 
 
Ceded losses incurred
$
556,108

 
$
528,018

 
$
458,249

Schedule of Ceded Credit Risk by Reinsurer
The following table presents the amounts due from reinsurers as of December 31, 2013:
(In thousands)
 
Munich Re
$
193,405

Lloyd’s of London
117,059

Swiss Re
104,096

Alleghany Group
96,348

Partner Re
67,116

Axis Capital
65,580

Berkshire Hathaway
53,118

Ace Group
46,413

Hannover Re Group
35,607

Everest Re
29,253

Arch Capital Group
25,782

Other reinsurers less than $20,000
230,825

Subtotal
1,064,602

Residual market pools
468,501

Total
$
1,533,103