Premiums and Reinsurance Related Information (Tables)

6 Months Ended

Jun. 30, 2021

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


	For the Three Months Ended June 30,				For the Six Months Ended June 30,

(In thousands)	2021		2020		2021		2020
Written premiums:
Direct	$	2,395,114	$	1,892,359	$	4,572,276	$	3,856,848
Assumed	266,122		239,887		573,672		506,769
Ceded	(449,055)		(392,428)		(883,729)		(777,953)
Total net premiums written	$	2,212,181	$	1,739,818	$	4,262,219	$	3,585,664

Earned premiums:
Direct	$	2,151,739	$	1,804,844	$	4,154,784	$	3,634,558
Assumed	259,166		232,996		518,707		461,210
Ceded	(439,281)		(360,925)		(851,911)		(727,435)
Total net premiums earned	$	1,971,624	$	1,676,915	$	3,821,580	$	3,368,333

Ceded losses and loss expenses incurred	$	255,163	$	232,873	$	553,903	$	468,055
Ceded commissions earned	$	106,834	$	85,593	$	208,515	$	166,638

Premium receivable, allowance for credit loss

The following table presents the rollforward of the allowance for expected credit losses for premiums and fees receivable for the six months ended June 30, 2021 and 2020:


(In thousands)	2021		2020
Allowance for expected credit losses, beginning of period	$	22,883	$	19,823
Cumulative effect adjustment resulting from changes in accounting principles	—		1,270
Provision for expected credit losses	1,925		1,013
Allowance for expected credit losses, end of period	$	24,808	$	22,106

The following table presents the rollforward of the allowance for expected credit losses for premiums and fees receivable for the three months ended June 30, 2021 and 2020:


(In thousands)	2021		2020
Allowance for expected credit losses, beginning of period	$	24,264	$	21,524
Provision for expected credit losses	544		582
Allowance for expected credit losses, end of period	$	24,808	$	22,106

Reinsurance Recoverable, Allowance for Credit Loss

The following table presents the rollforward of the allowance for expected credit losses associated with due from reinsurers for the six months ended June 30, 2021 and 2020:


(In thousands)	2021		2020
Allowance for expected credit losses, beginning of period	$	7,801	$	690
Cumulative effect adjustment resulting from changes in accounting principles	—		5,927
Provision for expected credit losses	(518)		558
Allowance for expected credit losses, end of period	$	7,283	$	7,175

The following table presents the rollforward of the allowance for expected credit losses associated with due from reinsurers for the three months ended June 30, 2021 and 2020:


(In thousands)	2021		2020
Allowance for expected credit losses, beginning of period	$	7,373	$	6,800
Provision for expected credit losses	(90)		375
Allowance for expected credit losses, end of period	$	7,283	$	7,175