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Reinsurance (Tables)
 6 Months Ended
Jun. 30, 2022
Insurance [Abstract]  
Schedule of Effect of Reinsurance Arrangements in Consolidated Statement of Income

The Company’s reinsurance arrangements had the following effect on certain items in the condensed consolidated statement of income for the three and six months ended June 30, 2022 and 2021:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

(In thousands)

 

 

(In thousands)

 

Premium written:

 

 

 

 

 

 

 

 

 

 

 

 

Direct

 

$

365,284

 

 

$

337,700

 

 

$

648,480

 

 

$

611,881

 

Ceded

 

 

(428,124

)

 

 

(383,555

)

 

 

(475,254

)

 

 

(438,172

)

Net

 

$

(62,839

)

 

$

(45,855

)

 

$

173,226

 

 

$

173,709

 

Premiums earned:

 

 

 

 

 

 

 

 

 

 

 

 

Direct

 

$

296,211

 

 

$

285,646

 

 

$

583,579

 

 

$

556,057

 

Ceded

 

 

(137,940

)

 

 

(139,147

)

 

 

(272,379

)

 

 

(267,359

)

Net

 

$

158,271

 

 

$

146,499

 

 

$

311,200

 

 

$

288,698

 

Loss and Loss Adjustment Expenses

 

 

 

 

 

 

 

 

 

 

 

 

Direct

 

$

137,582

 

 

$

162,788

 

 

$

337,250

 

 

$

288,282

 

Ceded

 

 

(36,060

)

 

 

(61,954

)

 

 

(95,689

)

 

 

(89,539

)

Net

 

$

101,522

 

 

$

100,834

 

 

$

241,560

 

 

$

198,743