Ceded Reinsurance

3 Months Ended

Mar. 31, 2015

Ceded Reinsurance

Note 5. Ceded Reinsurance

As of March 31, 2015, the credit quality distribution of our Company’s reinsurance recoverables of $1.1 billion for ceded paid losses, ceded unpaid losses and LAE, and ceded unearned premiums based on insurer financial strength ratings from A.M. Best or S&P was not significantly different from the credit quality distribution as of December 31, 2014.

Our allowance for uncollectible reinsurance was $8.2 million and $11.3 million as of March 31, 2015 and December 31, 2014, respectively. The reduction in our allowance for uncollectible reinsurance was the result of payments of outstanding balances from one of our large reinsurers.

As of March 31, 2015, our 20 largest reinsurers measured by the amount of Reinsurance recoverable for ceded losses and LAE and ceded unearned premium, together with the Reinsurance recoverable and collateral, were not significantly different from December 31, 2014.