Reinsurance (Tables)

3 Months Ended

Mar. 31, 2022

Reinsurance

Schedule of effects of reinsurance on premiums written, earned, incurred losses and LAE

The effects of reinsurance on premiums written and earned for the three months ended March 31, 2022 were as follows:

	2022
	Written		Earned
Direct premiums	$	87,123	$	84,318
Ceded premiums		(60,636)		(71,727)
Net premiums	$	26,487	$	12,591

The effects of reinsurance on incurred losses and LAE for the three months ended March 31, 2022 were as follows:

	2022
Direct losses and LAE	$	68,221
Ceded losses and LAE		(58,973)
Net losses and LAE	$	9,248

Schedule of reinsurance balances due

	March 31, 2022		December 31, 2021
Unearned premium	$	142,619	$	153,710
Losses and LAE Reserve		71,196		56,752
Reinsurance recoverable		25,746		17,780
Other		178		174
Reinsurance balance due	$	239,739	$	228,416