REINSURANCE (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of Comprehensive Loss For Reinsurance

The following table reflects amounts affecting the condensed consolidated statements of operations and comprehensive loss for reinsurance 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
	(dollars in millions)










Premiums written:
Direct	$	130.8	$	177.1	$	304.3	$	379.6
Assumed	9.3		—		23.0		—
Ceded	(81.1)		(109.7)		(183.5)		(199.3)
Net premiums written	$	59.0	$	67.4	$	143.8	$	180.3
Premiums earned:
Direct	$	159.3	$	180.7	$	324.8	$	340.9
Assumed	11.5		—		20.7		—
Ceded	(96.1)		(99.5)		(192.5)		(200.6)
Net premiums earned	$	74.7	$	81.2	$	153.0	$	140.3
Losses and LAE incurred:
Direct	$	152.2	$	181.7	$	303.9	$	310.9
Assumed	13.2		—		24.4		—
Ceded	(69.7)		(71.5)		(135.9)		(140.8)
Net losses and LAE incurred	$	95.7	$	110.2	$	192.4	$	170.1

Gross written premium by state is as follows 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
	Amount		% of Total		Amount		% of Total		Amount		% of Total		Amount		% of Total
State	(dollars in millions)
Texas(1)	$	26.0	18.6	%	$	37.4	21.1	%	$	63.3	19.3	%	$	80.4	21.2	%
Georgia	15.0		10.7		20.7		11.7		33.8		10.3		39.7		10.5
Colorado	9.8		7.0		7.5		4.2		20.5		6.3		16.4		4.3
Louisiana	8.2		5.9		10.3		5.8		18.9		5.8		20.6		5.4
Pennsylvania	7.7		5.5		9.3		5.3		17.7		5.4		19.7		5.2
Utah	7.1		5.1		7.9		4.5		16.1		4.9		16.5		4.3
Nevada	7.0		5.0		8.2		4.6		15.7		4.8		16.5		4.3
South Carolina	4.8		3.4		6.5		3.7		11.9		3.6		12.6		3.3
Oklahoma	4.6		3.3		4.8		2.7		10.9		3.3		11.5		3.0
Missouri	3.9		2.8		5.5		3.1		9.9		3.0		13.4		3.5
All others states	46.0		32.7		59.0		33.3		108.6		33.3		132.3		35.0
Total	$	140.1	100.0	%	$	177.1	100.0	%	$	327.3	100.0	%	$	379.6	100.0	%

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(1) Includes assumed premiums, which commenced in August 2021. Assumed written premium for the three and six months ended June 30, 2022 was $9.3 million and $23.0 million, respectively. Prior to the fronting carrier commencement, we did not assume any premiums.