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Premiums and Reinsurance Related Information (Tables) | 3 Months Ended
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Mar. 31, 2024
Insurance [Abstract] |
Reinsurance Financial Information | The following is a summary of insurance and reinsurance financial information:
| For the Three Months Ended March 31, |  |
(In thousands) | 2024 |  | 2023 |  |  |  |
Written premiums: |  |  |  |  |  |  |
Direct | $ | 3,039,066 |  |  | $ | 2,738,754 |  |  |  |  |
Assumed | 323,689 |  |  | 310,563 |  |  |  |  |
Ceded | (511,464) |  |  | (474,493) |  |  |  |  |
Total net premiums written | $ | 2,851,291 |  |  | $ | 2,574,824 |  |  |  |  |
Earned premiums: |  |  |  |  |  |  |
Direct | $ | 2,936,643 |  |  | $ | 2,667,063 |  |  |  |  |
Assumed | 337,911 |  |  | 295,230 |  |  |  |  |
Ceded | (510,207) |  |  | (470,861) |  |  |  |  |
Total net premiums earned | $ | 2,764,347 |  |  | $ | 2,491,432 |  |  |  |  |
Ceded losses and loss expenses incurred | $ | 305,951 |  |  | $ | 315,476 |  |  |  |  |
Ceded commissions earned | $ | 121,054 |  |  | $ | 118,418 |  |  |  |  |
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 three months ended March 31, 2024 and 2023:
(In thousands) | 2024 |  | 2023
Allowance for expected credit losses, beginning of period | $ | 35,110 |  |  | $ | 30,660 |
Change in expected credit losses | (71) |  |  | 1,693 |
Allowance for expected credit losses, end of period | $ | 35,039 |  |  | $ | 32,353 |
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 three months ended March 31, 2024 and 2023:
(In thousands) | 2024 |  | 2023 |  |
Allowance for expected credit losses, beginning of period | $ | 8,404 |  |  | $ | 8,064 |  |  |
Change in expected credit losses | 781 |  |  | 639 |  |  |
Allowance for expected credit losses, end of period | $ | 9,185 |  |  | $ | 8,703 |  |  |

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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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