Premiums and Reinsurance Related Information (Tables)

9 Months Ended

Sep. 30, 2023

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


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,

(In thousands)	2023		2022		2023		2022
Written premiums:
Direct	$	3,037,932	$	2,775,236	$	8,762,249	$	8,075,311
Assumed	315,273		306,702		977,047		918,864
Ceded	(504,746)		(504,664)		(1,504,497)		(1,418,012)
Total net premiums written	$	2,848,459	$	2,577,274	$	8,234,799	$	7,576,163

Earned premiums:
Direct	$	2,825,176	$	2,617,680	$	8,217,888	$	7,533,856
Assumed	316,134		318,962		913,795		903,882
Ceded	(499,396)		(494,681)		(1,445,610)		(1,389,533)
Total net premiums earned	$	2,641,914	$	2,441,961	$	7,686,073	$	7,048,205

Ceded losses and loss expenses incurred	$	320,995	$	347,439	$	970,267	$	905,667
Ceded commissions earned	$	118,207	$	121,721	$	354,148	$	356,157

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 nine months ended September 30, 2023 and 2022:


(In thousands)	2023		2022
Allowance for expected credit losses, beginning of period	$	30,660	$	25,218

Change in expected credit losses	2,942		5,360
Allowance for expected credit losses, end of period	$	33,602	$	30,578

The following table presents the rollforward of the allowance for expected credit losses for premiums and fees receivable for the three months ended September 30, 2023 and 2022:


(In thousands)	2023		2022
Allowance for expected credit losses, beginning of period	$	32,770	$	30,557

Change in expected credit losses	832		21
Allowance for expected credit losses, end of period	$	33,602	$	30,578

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 nine months ended September 30, 2023 and 2022:


(In thousands)	2023		2022
Allowance for expected credit losses, beginning of period	$	8,064	$	7,713

Change in expected credit losses	1,379		286
Allowance for expected credit losses, end of period	$	9,443	$	7,999

The following table presents the rollforward of the allowance for expected credit losses associated with due from reinsurers for the three months ended September 30, 2023 and 2022:


(In thousands)	2023		2022
Allowance for expected credit losses, beginning of period	$	9,365	$	7,744

Change in expected credit losses	78		255
Allowance for expected credit losses, end of period	$	9,443	$	7,999