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Premiums and Reinsurance Related Information (Tables) | 9 Months Ended
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Sep. 30, 2023
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) | 2023 |  | 2022 |  | 2023 |  | 2022
Written premiums: |  |  |  |  |  |  |
Direct | $ | 3,037,932 |  |  | $ | 2,775,236 |  |  | $ | 8,762,249 |  |  | $ | 8,075,311 |
Assumed | 315,273 |  |  | 306,702 |  |  | 977,047 |  |  | 918,864 |
Ceded | (504,746) |  |  | (504,664) |  |  | (1,504,497) |  |  | (1,418,012) |
Total net premiums written | $ | 2,848,459 |  |  | $ | 2,577,274 |  |  | $ | 8,234,799 |  |  | $ | 7,576,163 |
Earned premiums: |  |  |  |  |  |  |
Direct | $ | 2,825,176 |  |  | $ | 2,617,680 |  |  | $ | 8,217,888 |  |  | $ | 7,533,856 |
Assumed | 316,134 |  |  | 318,962 |  |  | 913,795 |  |  | 903,882 |
Ceded | (499,396) |  |  | (494,681) |  |  | (1,445,610) |  |  | (1,389,533) |
Total net premiums earned | $ | 2,641,914 |  |  | $ | 2,441,961 |  |  | $ | 7,686,073 |  |  | $ | 7,048,205 |
Ceded losses and loss expenses incurred | $ | 320,995 |  |  | $ | 347,439 |  |  | $ | 970,267 |  |  | $ | 905,667 |
Ceded commissions earned | $ | 118,207 |  |  | $ | 121,721 |  |  | $ | 354,148 |  |  | $ | 356,157 |
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, 2023 and 2022:
(In thousands) | 2023 |  | 2022
Allowance for expected credit losses, beginning of period | $ | 30,660 |  |  | $ | 25,218 |
Change in expected credit losses | 2,942 |  |  | 5,360 |
Allowance for expected credit losses, end of period | $ | 33,602 |  |  | $ | 30,578 |
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, 2023 and 2022:
(In thousands) | 2023 |  | 2022 |  |
Allowance for expected credit losses, beginning of period | $ | 32,770 |  |  | $ | 30,557 |  |  |
Change in expected credit losses | 832 |  |  | 21 |  |  |
Allowance for expected credit losses, end of period | $ | 33,602 |  |  | $ | 30,578 |  |  |
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, 2023 and 2022:
(In thousands) | 2023 |  | 2022 |  |
Allowance for expected credit losses, beginning of period | $ | 8,064 |  |  | $ | 7,713 |  |  |
Change in expected credit losses | 1,379 |  |  | 286 |  |  |
Allowance for expected credit losses, end of period | $ | 9,443 |  |  | $ | 7,999 |  |  |
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, 2023 and 2022:
(In thousands) | 2023 |  | 2022
Allowance for expected credit losses, beginning of period | $ | 9,365 |  |  | $ | 7,744 |
Change in expected credit losses | 78 |  |  | 255 |
Allowance for expected credit losses, end of period | $ | 9,443 |  |  | $ | 7,999 |

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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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