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Premiums and Reinsurance Related Information (Tables) | 6 Months Ended
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Jun. 30, 2023
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) | 2023 |  | 2022 |  | 2023 |  | 2022
Written premiums: |  |  |  |  |  |  |
Direct | $ | 2,985,563 |  |  | $ | 2,757,739 |  |  | $ | 5,724,317 |  |  | $ | 5,300,075 |
Assumed | 351,210 |  |  | 294,662 |  |  | 661,773 |  |  | 612,163 |
Ceded | (525,258) |  |  | (466,766) |  |  | (999,751) |  |  | (913,349) |
Total net premiums written | $ | 2,811,515 |  |  | $ | 2,585,635 |  |  | $ | 5,386,339 |  |  | $ | 4,998,889 |
Earned premiums: |  |  |  |  |  |  |
Direct | $ | 2,725,650 |  |  | $ | 2,511,579 |  |  | $ | 5,392,712 |  |  | $ | 4,916,177 |
Assumed | 302,431 |  |  | 292,547 |  |  | 597,661 |  |  | 584,920 |
Ceded | (475,354) |  |  | (446,968) |  |  | (946,214) |  |  | (894,853) |
Total net premiums earned | $ | 2,552,727 |  |  | $ | 2,357,158 |  |  | $ | 5,044,159 |  |  | $ | 4,606,244 |
Ceded losses and loss expenses incurred | $ | 333,795 |  |  | $ | 305,196 |  |  | $ | 649,271 |  |  | $ | 548,490 |
Ceded commissions earned | $ | 117,523 |  |  | $ | 116,991 |  |  | $ | 235,941 |  |  | $ | 234,436 |
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, 2023 and 2022:
(In thousands) | 2023 |  | 2022
Allowance for expected credit losses, beginning of period | $ | 30,660 |  |  | $ | 25,218 |
Change in expected credit losses | 2,110 |  |  | 5,339 |
Allowance for expected credit losses, end of period | $ | 32,770 |  |  | $ | 30,557 |
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, 2023 and 2022:
(In thousands) | 2023 |  | 2022 |  |
Allowance for expected credit losses, beginning of period | $ | 32,353 |  |  | $ | 28,236 |  |  |
Change in expected credit losses | 417 |  |  | 2,321 |  |  |
Allowance for expected credit losses, end of period | $ | 32,770 |  |  | $ | 30,557 |  |  |
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, 2023 and 2022:
(In thousands) | 2023 |  | 2022 |  |
Allowance for expected credit losses, beginning of period | $ | 8,064 |  |  | $ | 7,713 |  |  |
Change in expected credit losses | 1,301 |  |  | 31 |  |  |
Allowance for expected credit losses, end of period | $ | 9,365 |  |  | $ | 7,744 |  |  |
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, 2023 and 2022:
(In thousands) | 2023 |  | 2022
Allowance for expected credit losses, beginning of period | $ | 8,703 |  |  | $ | 7,655 |
Change in expected credit losses | 662 |  |  | 89 |
Allowance for expected credit losses, end of period | $ | 9,365 |  |  | $ | 7,744 |

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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 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 605 -Topic 944 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479655/944-605-50-1 + 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 -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 + 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 -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 + Details
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