Reinsurance (Tables)

12 Months Ended

Dec. 31, 2022

Reinsurance Disclosures [Abstract]

Summary of the Effects of Reinsurance

The following table presents the effects of reinsurance and assumption transactions on written premiums, earned premiums and losses and LAE (dollars in thousands). In 2022, ceded written and earned premium amounts included $1.6 million of reinsurance reinstatement costs relating to Hurricane Ian. In 2021, ceded written and earned amounts included $340,000 of reinsurance reinstatement costs relating to Winter Storm Uri. In 2021 and 2020, the ceded written and earned premium amounts include $86,000 and $195,000 of reinsurance reinstatement costs relating to Hurricane Irma, respectively.

	Year Ended December 31,
	2022			2021			2020
Written premiums:
Direct	$	95,832		$	97,801		$	82,430
Assumed		42,187			34,294			28,905
Ceded		(46,787	)		(30,666	)		(18,395	)
Net written premiums	$	91,232		$	101,429		$	92,940
Earned premiums:
Direct	$	97,843		$	91,943		$	75,130
Assumed		37,558			31,107			31,484
Ceded		(38,690	)		(24,248	)		(17,511	)
Net earned premiums	$	96,711		$	98,802		$	89,103
Loss and loss adjustment expenses:
Direct	$	73,000		$	71,021		$	48,780
Assumed		43,487			25,740			24,429
Ceded		(35,047	)		(26,900	)		(16,981	)
Net loss and LAE	$	81,440		$	69,861		$	56,228