Reinsurance (Tables)

12 Months Ended

Dec. 31, 2023

Reinsurance [Abstract]

Ceded Reinsurance Transactions with Unaffiliated Reinsurers

The following amounts represent ceded reinsurance transactions with unaffiliated reinsurers during 2023, 2022 and 2021:

	2023		2022		2021
Premiums written	$	43,030,879	$	37,002,702	$	38,173,733
Premiums earned		42,416,710		36,947,675		37,984,833
Losses and loss expenses		16,318,760		31,096,016		29,999,528
Prepaid reinsurance premiums		6,732,955		6,118,784		6,063,759
Liability for losses and loss expenses		116,717,187		149,628,406		138,909,584

Total Ceded Reinsurance Transactions with both Affiliated and Unaffiliated Reinsurers

The following amounts represent total ceded reinsurance transactions with both affiliated and unaffiliated reinsurers during 2023, 2022 and 2021:

	2023		2022		2021
Premiums earned	$	388,073,427	$	383,059,075	$	399,284,886
Losses and loss expenses		275,171,587		249,037,288		282,083,985
Prepaid reinsurance premiums		168,724,466		160,591,399		176,935,842
Liability for losses and loss expenses		437,013,974		451,184,222		451,261,306

Amounts Represent Effect of Reinsurance on Premiums Written

The following amounts represent the effect of reinsurance on premiums written for 2023, 2022 and 2021:

	2023			2022			2021
Direct	$	702,227,408		$	641,971,207		$	609,204,706
Assumed		589,675,724			568,272,026			601,864,198
Ceded		(396,206,492	)		(366,714,634	)		(406,802,395	)
Net premiums written	$	895,696,640		$	843,528,599		$	804,266,509

Amounts Represent Effect of Reinsurance on Premiums Earned

The following amounts represent the effect of reinsurance on premiums earned for 2023, 2022 and 2021:

	2023			2022			2021
Direct	$	686,584,907		$	627,331,528		$	601,408,581
Assumed		583,559,906			578,216,997			573,891,506
Ceded		(388,073,427	)		(383,059,075	)		(399,284,886	)
Net premiums earned	$	882,071,386		$	822,489,450		$	776,015,201
Percentage of assumed premiums earned to net premiums earned		66.2	%		70.3	%		74.0	%