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Reinsurance (Tables)
 12 Months Ended
Dec. 31, 2018
Reinsurance Disclosures [Abstract]  
Schedule of Effects of Reinsurance

The following table provides the effects of reinsurance.

 

YEARS ENDED DECEMBER 31

 

2018

 

 

2017

 

 

2016

 

(in millions)

 

 

 

 

 

 

 

 

 

 

 

 

Premiums written:

 

 

 

 

 

 

 

 

 

 

 

 

Direct

 

$

625.3

 

 

$

597.6

 

 

$

560.3

 

Assumed

 

 

685.3

 

 

 

646.9

 

 

 

546.3

 

Ceded (1)

 

 

(459.9

)

 

 

(395.4

)

 

 

(290.5

)

Net premiums written

 

$

850.7

 

 

$

849.1

 

 

$

816.1

 

Premiums earned:

 

 

 

 

 

 

 

 

 

 

 

 

Direct

 

$

611.9

 

 

$

568.7

 

 

$

584.0

 

Assumed

 

 

667.2

 

 

 

628.3

 

 

 

577.3

 

Ceded (1)

 

 

(429.1

)

 

 

(344.0

)

 

 

(322.7

)

Net premiums earned

 

$

850.0

 

 

$

853.0

 

 

$

838.6

 

Losses and LAE:

 

 

 

 

 

 

 

 

 

 

 

 

Direct

 

$

362.2

 

 

$

365.2

 

 

$

403.1

 

Assumed

 

 

568.7

 

 

 

570.7

 

 

 

258.8

 

Ceded (2)

 

 

(415.4

)

 

 

(386.8

)

 

 

(243.2

)

Net losses and LAE

 

$

515.5

 

 

$

549.1

 

 

$

418.7

 

YEARS ENDED DECEMBER 31

 

2018

 

 

2017

 

 

2016

 

 

(in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

Premiums written:

 

 

 

 

 

 

 

 

 

 

 

 

 

Direct

 

$

4,816.0

 

 

$

4,540.0

 

 

$

4,265.7

 

 

Assumed

 

 

27.6

 

 

 

23.6

 

 

 

25.1

 

 

Ceded

 

 

(458.8

)

 

 

(454.5

)

 

 

(408.1

)

 

Net premiums written

 

$

4,384.8

 

 

$

4,109.1

 

 

$

3,882.7

 

 

Premiums earned:

 

 

 

 

 

 

 

 

 

 

 

 

 

Direct

 

$

4,673.6

 

 

$

4,399.9

 

 

$

4,162.6

 

 

Assumed

 

 

26.6

 

 

 

23.6

 

 

 

24.4

 

 

Ceded

 

 

(445.8

)

 

 

(443.1

)

 

 

(397.5

)

 

Net premiums earned

 

$

4,254.4

 

 

$

3,980.4

 

 

$

3,789.5

 

 

Percentage of assumed to net premiums earned

 

 

0.6

 

%

 

0.6

 

%

 

0.6

 

%

Losses and LAE:

 

 

 

 

 

 

 

 

 

 

 

 

 

Direct

 

$

2,986.2

 

 

$

2,934.6

 

 

$

2,785.1

 

 

Assumed

 

 

25.2

 

 

 

20.5

 

 

 

30.6

 

 

Ceded (1)

 

 

(286.8

)

 

 

(375.5

)

 

 

(269.7

)

 

Net losses and LAE

 

$

2,724.6

 

 

$

2,579.6

 

 

$

2,546.0

 

 

 

(1)

The higher level of ceded losses and LAE in 2017 as compared to 2016 and 2018 is primarily due to higher non-catastrophe large loss activity occurring in certain domestic lines.