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Reinsurance (Tables)
 12 Months Ended
Dec. 31, 2014
Reinsurance Disclosures [Abstract]  
Reinsurance Financial Information
The following is a summary of reinsurance financial information:
(In thousands)
2014
 
2013
 
2012
Written premiums:
 

 
 

 
 

Direct
$
6,185,242

 
$
5,626,172

 
$
4,964,069

Assumed
877,596

 
884,919

 
815,810

Ceded
(1,065,891
)
 
(1,010,918
)
 
(881,340
)
Total net written premiums
$
5,996,947

 
$
5,500,173

 
$
4,898,539

 
 
 
 
 
 
Earned premiums:
 
 
 

 
 

Direct
$
5,889,021

 
$
5,328,955

 
$
4,723,882

Assumed
886,063

 
857,119

 
770,981

Ceded
(1,030,666
)
 
(959,537
)
 
(821,347
)
Total net earned premiums
$
5,744,418

 
$
5,226,537

 
$
4,673,516

 
 
 
 
 
 
Ceded losses and loss expenses incurred
$
475,802

 
$
556,108

 
$
528,018

Ceded commission earned
$
160,215

 
$
137,449

 
$
121,089
Schedule of Ceded Credit Risk by Reinsurer
The following table presents the amounts due from reinsurers as of December 31, 2014:
(In thousands)
 
Munich Re
$
141,489

Allegany Grp
109,976

Lloyd’s of London
101,308

Swiss Re
97,300

Partner Re
70,756

Axis Capital
63,352

Berkshire Hathaway
48,804

Ace Group
44,215

Everest Re
43,207

Hannover Re Group
41,749

Arch Capital Group
23,453

Other reinsurers less than $20,000
212,270

Subtotal
997,879

Residual market pools
505,562

Total
$
1,503,441