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Reinsurance (Tables)
6 Months Ended
Jun. 30, 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 and six months ended June 30, 2022, and 2021 were as follows:

Three Months Ended June 30, 

2022

2021

Written

Earned

Written

Earned

Direct premiums

$

124,914

$

93,082

$

81,132

$

62,352

Ceded premiums

 

(117,926)

 

(83,095)

 

(70,844)

 

(59,077)

Net premiums

$

6,988

$

9,987

$

10,288

$

3,275

Six Months Ended June 30, 

2022

2021

Written

Earned

Written

Earned

Direct premiums

$

212,037

$

177,400

$

81,132

$

62,352

Ceded premiums

 

(178,562)

 

(154,822)

 

(70,844)

 

(59,077)

Net premiums

$

33,475

$

22,578

$

10,288

$

3,275

The effects of reinsurance on incurred losses and loss adjustment expense (“LAE”) for the three and six months ended June 30, 2022, and 2021 were as follows:

Three Months Ended June 30, 

Six Months Ended June 30, 

2022

2021

2022

2021

Direct losses and LAE

$

74,617

$

125,295

$

142,838

$

125,295

Ceded losses and LAE

(60,133)

(114,570)

(119,106)

(114,570)

Net losses and LAE

$

14,484

$

10,725

$

23,732

$

10,725

Schedule of reinsurance balances due

June 30, 2022

December 31, 2021

Ceded unearned premium

$

177,450

$

153,710

Losses and LAE reserve

75,730

56,752

Reinsurance recoverable

20,460

17,780

Other

331

174

Reinsurance balance due

$

273,971

$

228,416