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Premiums and Reinsurance Related Information (Tables) | 9 Months Ended
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Sep. 30, 2022
Insurance [Abstract] |
Reinsurance Financial Information | The following is a summary of insurance and reinsurance financial information:
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
(In thousands) | 2022 |  | 2021 |  | 2022 |  | 2021
Written premiums: |  |  |  |  |  |  |
Direct | $ | 2,775,236 |  |  | $ | 2,490,875 |  |  | $ | 8,075,311 |  |  | $ | 7,063,151 |
Assumed | 306,702 |  |  | 296,623 |  |  | 918,864 |  |  | 870,295 |
Ceded | (504,664) |  |  | (462,360) |  |  | (1,418,012) |  |  | (1,346,089) |
Total net premiums written | $ | 2,577,274 |  |  | $ | 2,325,138 |  |  | $ | 7,576,163 |  |  | $ | 6,587,357 |
Earned premiums: |  |  |  |  |  |  |
Direct | $ | 2,617,680 |  |  | $ | 2,276,173 |  |  | $ | 7,533,856 |  |  | $ | 6,430,957 |
Assumed | 318,962 |  |  | 273,808 |  |  | 903,882 |  |  | 792,515 |
Ceded | (494,681) |  |  | (468,963) |  |  | (1,389,533) |  |  | (1,320,874) |
Total net premiums earned | $ | 2,441,961 |  |  | $ | 2,081,018 |  |  | $ | 7,048,205 |  |  | $ | 5,902,598 |
Ceded losses and loss expenses incurred | $ | 347,439 |  |  | $ | 318,283 |  |  | $ | 905,667 |  |  | $ | 872,186 |
Ceded commissions earned | $ | 121,721 |  |  | $ | 113,523 |  |  | $ | 356,157 |  |  | $ | 322,037 |
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 nine months ended September 30, 2022 and 2021:
(In thousands) | 2022 |  | 2021
Allowance for expected credit losses, beginning of period | $ | 25,218 |  |  | $ | 22,883 |
Change in expected credit losses | 5,360 |  |  | 793 |
Allowance for expected credit losses, end of period | $ | 30,578 |  |  | $ | 23,676 |
The following table presents the rollforward of the allowance for expected credit losses for premiums and fees receivable for the three months ended September 30, 2022 and 2021:
(In thousands) | 2022 |  | 2021
Allowance for expected credit losses, beginning of period | $ | 30,557 |  |  | $ | 24,808 |
Change in expected credit losses | 21 |  |  | (1,132) |
Allowance for expected credit losses, end of period | $ | 30,578 |  |  | $ | 23,676 |
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 nine months ended September 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 | 286 |  |  | (524) |
Allowance for expected credit losses, end of period | $ | 7,999 |  |  | $ | 7,277 |
The following table presents the rollforward of the allowance for expected credit losses associated with due from reinsurers for the three months ended September 30, 2022 and 2021:
(In thousands) | 2022 |  | 2021
Allowance for expected credit losses, beginning of period | $ | 7,744 |  |  | $ | 7,283 |
Change in expected credit losses | 255 |  |  | (6) |
Allowance for expected credit losses, end of period | $ | 7,999 |  |  | $ | 7,277 |

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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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