Ceded Reinsurance

9 Months Ended

Sep. 30, 2018

Insurance [Abstract]

Ceded Reinsurance

NOTE 8. CEDED REINSURANCE

As of September 30, 2018, the credit quality distribution of our Company’s reinsurance recoverable 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, 2017.

Our allowance for uncollectible reinsurance was $12.6 million as of September 30, 2018 and December 31, 2017.

As of September 30, 2018, the list of our 10 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, was similar to the list as of December 31, 2017.