REINSURANCE - Effect of Reinsurance and Retrocessional Activity on Premiums Written and Earned and on Net Claims and Claim Expenses (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Jun. 30, 2023 |
Jun. 30, 2022 |
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Premiums Written | ||||
Direct | $ 278,695 | $ 338,761 | $ 451,391 | $ 639,866 |
Assumed | 2,372,926 | 2,125,878 | 4,990,491 | 4,767,737 |
Ceded | (455,818) | (601,023) | (982,376) | (1,378,770) |
Net premiums written | 2,195,803 | 1,863,616 | 4,459,506 | 4,028,833 |
Premiums Earned | ||||
Direct | 281,437 | 278,609 | 535,456 | 521,370 |
Assumed | 1,903,299 | 1,610,214 | 3,746,968 | 3,300,482 |
Ceded | (399,474) | (432,440) | (816,612) | (879,044) |
Net premiums earned | 1,785,262 | 1,456,383 | 3,465,812 | 2,942,808 |
Claims and Claim Expenses | ||||
Gross claims and claim expenses incurred | 1,089,656 | 799,218 | 2,049,360 | 1,816,773 |
Claims and claim expenses recovered | (158,445) | (92,979) | (316,949) | (268,801) |
Net claims and claim expenses incurred | $ 931,211 | $ 706,239 | $ 1,732,411 | $ 1,547,972 |
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- Definition Amount of earned premiums assumed from other entities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of written premiums assumed from other entities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of earned premiums ceded to other entities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of written premiums ceded to other entities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, before premiums ceded to other entities and premiums assumed by the entity, of premiums earned. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, before premiums ceded to other entities and premiums assumed by the entity, of premiums written. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount, before effect of policies assumed or ceded, of expense related to provision for policy benefits and costs incurred. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, after effects of policies assumed or ceded, of expense related to the provision for policy benefits and costs incurred. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, after premiums ceded to other entities and premiums assumed by the entity, of premiums earned. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount, after premiums ceded to other entities and premiums assumed by the entity, of premiums written. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Amount of recovery (expense) related to provision for policy benefits and costs incurred for policies assumed and ceded. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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