Reinsurance

3 Months Ended

Mar. 31, 2020

Premiums and Reinsurance Related Information

The following is a summary of insurance and reinsurance financial information:



	For the Three Months Ended March 31,
	For the Three Months Ended March 31,
(In thousands)	2020			2019
Written premiums:
Direct	$	1,964,490		$	1,829,815
Assumed	266,882			216,415
Ceded	(385,526		)	(336,629		)
Total net premiums written	$	1,845,846		$	1,709,601

Earned premiums:
Direct	$	1,829,713		$	1,723,610
Assumed	228,214			188,191
Ceded	(366,509		)	(318,945		)
Total net premiums earned	$	1,691,418		$	1,592,856

Ceded losses and loss expenses incurred	$	235,183		$	173,046
Ceded commissions earned	$	81,045		$	71,017

The following table presents the rollforward of the allowance for expected credit losses for premiums and fees receivable for the period ended March 31, 2020:



(In thousands)
Allowance for expected credit losses at January 1, 2020	$	19,823
Cumulative effect adjustment resulting from changes in accounting principles	1,270
Provision for expected credit losses	431
Allowance for expected credit losses at March 31, 2020	$	21,524

The Company reinsures a portion of its insurance exposures in order to reduce its net liability on individual risks and catastrophe losses. The Company also cedes premiums to state assigned risk plans and captive insurance companies. Estimated amounts due from reinsurers are reported net of an allowance for expected credit losses. The following table presents the rollforward of the allowance for expected credit losses associated with due from reinsurers for the period ended March 31, 2020:



(In thousands)
Allowance for expected credit losses at January 1, 2020	$	690
Cumulative effect adjustment resulting from changes in accounting principles	5,927
Provision for expected credit losses	183
Allowance for expected credit losses at March 31, 2020	$	6,800