General General (Tables)

9 Months Ended

Sep. 30, 2021

The effect of reinsurance on property and casualty premiums written and earned was as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
	(Amounts in thousands)
Premiums Written
Direct	$	1,024,753	$	949,026	$	2,934,777	$	2,721,801
Ceded	(17,322)		(14,156)		(48,750)		(35,555)
Assumed	161		83		13,048		7,918
Net	$	1,007,592	$	934,953	$	2,899,075	$	2,694,164
Premiums Earned
Direct	$	947,458	$	905,210	$	2,800,357	$	2,646,810
Ceded	(17,175)		(15,230)		(48,335)		(40,793)
Assumed	3,322		2,032		9,912		6,136
Net	$	933,605	$	892,012	$	2,761,934	$	2,612,153

The following table presents a summary of changes in allowance for credit losses on premiums receivable:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020

	(Amounts in thousands)
Beginning balance	$	6,000	$	10,000	$	10,000	$	1,445
Cumulative effect of adopting ASU 2016-13	—		—		—		1,855
Beginning balance, as adjusted	6,000		10,000		10,000		3,300
Provision during the period for expected credit losses	694		559		(1,837)		9,448
Write-off amounts during the period	(838)		(735)		(2,610)		(3,279)
Recoveries during the period of amounts previously written off	144		176		447		531
Ending balance	$	6,000	$	10,000	$	6,000	$	10,000

The following table presents a summary of changes in allowance for credit losses on reinsurance recoverables:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020

	(Amounts in thousands)
Beginning balance	$	—	$	88	$	91	$	—
Cumulative effect of adopting ASU 2016-13	—		—		—		159
Beginning balance, as adjusted	—		88		91		159
Provision during the period for expected credit losses	—		(30)		(91)		(101)
Write-off amounts during the period	—		—		—		—
Recoveries during the period of amounts previously written off	—		—		—		—
Ending balance	$	—	$	58	$	—	$	58