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Premiums and Reinsurance Related Information (Tables) | 6 Months Ended
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Jun. 30, 2022
Insurance [Abstract] |
Reinsurance Financial Information | The following is a summary of insurance and reinsurance financial information:
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
(In thousands) | 2022 |  | 2021 |  | 2022 |  | 2021
Written premiums: |  |  |  |  |  |  |
Direct | $ | 2,757,739 |  |  | $ | 2,395,114 |  |  | $ | 5,300,075 |  |  | $ | 4,572,276 |
Assumed | 294,662 |  |  | 266,122 |  |  | 612,163 |  |  | 573,672 |
Ceded | (466,766) |  |  | (449,055) |  |  | (913,349) |  |  | (883,729) |
Total net premiums written | $ | 2,585,635 |  |  | $ | 2,212,181 |  |  | $ | 4,998,889 |  |  | $ | 4,262,219 |
Earned premiums: |  |  |  |  |  |  |
Direct | $ | 2,511,579 |  |  | $ | 2,151,739 |  |  | $ | 4,916,177 |  |  | $ | 4,154,784 |
Assumed | 292,547 |  |  | 259,166 |  |  | 584,920 |  |  | 518,707 |
Ceded | (446,968) |  |  | (439,281) |  |  | (894,853) |  |  | (851,911) |
Total net premiums earned | $ | 2,357,158 |  |  | $ | 1,971,624 |  |  | $ | 4,606,244 |  |  | $ | 3,821,580 |
Ceded losses and loss expenses incurred | $ | 305,196 |  |  | $ | 255,163 |  |  | $ | 548,490 |  |  | $ | 553,903 |
Ceded commissions earned | $ | 116,991 |  |  | $ | 106,834 |  |  | $ | 234,436 |  |  | $ | 208,515 |
Premium receivable, allowance for credit loss | The following table presents the rollforward of the allowance for expected credit losses for premiums and fees receivable for the six months ended June 30, 2022 and 2021:
(In thousands) | 2022 |  | 2021
Allowance for expected credit losses, beginning of period | $ | 25,218 |  |  | $ | 22,883 |
Provision for expected credit losses | 5,339 |  |  | 1,925 |
Allowance for expected credit losses, end of period | $ | 30,557 |  |  | $ | 24,808 |
The following table presents the rollforward of the allowance for expected credit losses for premiums and fees receivable for the three months ended June 30, 2022 and 2021:
(In thousands) | 2022 |  | 2021
Allowance for expected credit losses, beginning of period | $ | 28,236 |  |  | $ | 24,264 |
Provision for expected credit losses | 2,321 |  |  | 544 |
Allowance for expected credit losses, end of period | $ | 30,557 |  |  | $ | 24,808 |
Reinsurance Recoverable, Allowance for Credit Loss | The following table presents the rollforward of the allowance for expected credit losses associated with due from reinsurers for the six months ended June 30, 2022 and 2021:
(In thousands) | 2022 |  | 2021
Allowance for expected credit losses, beginning of period | $ | 7,713 |  |  | $ | 7,801 |
Change in expected credit losses | 31 |  |  | (518) |
Allowance for expected credit losses, end of period | $ | 7,744 |  |  | $ | 7,283 |
The following table presents the rollforward of the allowance for expected credit losses associated with due from reinsurers for the three months ended June 30, 2022 and 2021:
(In thousands) | 2022 |  | 2021
Allowance for expected credit losses, beginning of period | $ | 7,655 |  |  | $ | 7,373 |
Change in expected credit losses | 89 |  |  | (90) |
Allowance for expected credit losses, end of period | $ | 7,744 |  |  | $ | 7,283 |

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- Definition Tabular disclosure of the effects of reinsurance, for example, but not limited to, disclosure of direct, assumed, and ceded insurance. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 605 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6486672&loc=d3e27261-158547 + Details
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- Definition Tabular disclosure of allowance for credit loss on premium receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
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- Definition Tabular disclosure of allowance for credit loss on reinsurance recoverable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
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