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Reinsurance (Tables)
9 Months Ended
Sep. 30, 2019
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 nine months ended September 30, 2019 and 2018:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

 

(In thousands)

 

 

(In thousands)

 

Premium written:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Direct

 

$

237,303

 

 

$

233,613

 

 

$

702,491

 

 

$

701,643

 

Ceded

 

 

(46,858

)

 

 

(102,651

)

 

 

(406,300

)

 

 

(411,634

)

Net

 

$

190,445

 

 

$

130,962

 

 

$

296,191

 

 

$

290,009

 

Premiums earned:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Direct

 

$

231,617

 

 

$

234,164

 

 

$

690,165

 

 

$

692,298

 

Ceded

 

 

(107,755

)

 

 

(115,926

)

 

 

(342,529

)

 

 

(356,748

)

Net

 

$

123,862

 

 

$

118,238

 

 

$

347,636

 

 

$

335,550

 

Loss and Loss Adjustment Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Direct

 

$

108,788

 

 

$

145,753

 

 

$

383,354

 

 

$

697,743

 

Ceded

 

 

(38,736

)

 

 

(87,058

)

 

 

(176,864

)

 

 

(519,968

)

Net

 

$

70,052

 

 

$

58,695

 

 

$

206,490

 

 

$

177,775