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Reinsurance (Tables)
6 Months Ended
Jun. 30, 2023
Insurance [Abstract]  
Impact of the Reinsurance Contracts on Premiums Written and Earned

The impact of the reinsurance contracts on premiums written and earned is as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Premiums Written:

 

 

 

 

 

 

 

 

 

 

 

 

Direct

 

$

179,983

 

 

$

187,792

 

 

$

387,406

 

 

$

359,773

 

Assumed

 

 

 

 

 

(1,640

)

 

 

(7,569

)

 

 

3,673

 

Gross written

 

 

179,983

 

 

 

186,152

 

 

 

379,837

 

 

 

363,446

 

Ceded

 

 

(66,390

)

 

 

(56,205

)

 

 

(136,899

)

 

 

(109,367

)

Net premiums written

 

$

113,593

 

 

$

129,947

 

 

$

242,938

 

 

$

254,079

 

Premiums Earned:

 

 

 

 

 

 

 

 

 

 

 

 

Direct

 

$

181,946

 

 

$

164,887

 

 

$

354,851

 

 

$

313,733

 

Assumed

 

 

 

 

 

16,237

 

 

 

7,163

 

 

 

46,316

 

Gross earned

 

 

181,946

 

 

 

181,124

 

 

 

362,014

 

 

 

360,049

 

Ceded

 

 

(66,390

)

 

 

(56,205

)

 

 

(136,899

)

 

 

(109,367

)

Net premiums earned

 

$

115,556

 

 

$

124,919

 

 

$

225,115

 

 

$

250,682