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Premiums and Reinsurance Related Information (Tables) | 3 Months Ended
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Mar. 31, 2025
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) | 2025 |  | 2024 |  |  |  |
Written premiums: |  |  |  |  |  |  |
Direct | $ | 3,310,893 |  |  | $ | 3,039,066 |  |  |  |  |
Assumed | 373,046 |  |  | 323,689 |  |  |  |  |
Ceded | (550,637) |  |  | (511,464) |  |  |  |  |
Total net premiums written | $ | 3,133,302 |  |  | $ | 2,851,291 |  |  |  |  |
Earned premiums: |  |  |  |  |  |  |
Direct | $ | 3,233,843 |  |  | $ | 2,936,643 |  |  |  |  |
Assumed | 339,596 |  |  | 337,911 |  |  |  |  |
Ceded | (561,058) |  |  | (510,207) |  |  |  |  |
Total net premiums earned | $ | 3,012,381 |  |  | $ | 2,764,347 |  |  |  |  |
Ceded losses and loss expenses incurred | $ | 314,252 |  |  | $ | 305,951 |  |  |  |  |
Ceded commissions earned | $ | 139,604 |  |  | $ | 121,054 |  |  |  |  |
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, 2025 and 2024:
(In thousands) | 2025 |  | 2024
Allowance for expected credit losses, beginning of period | $ | 39,884 |  |  | $ | 35,110 |
Change in expected credit losses | (1,023) |  |  | (71) |
Allowance for expected credit losses, end of period | $ | 38,861 |  |  | $ | 35,039 |
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, 2025 and 2024:
(In thousands) | 2025 |  | 2024 |  |
Allowance for expected credit losses, beginning of period | $ | 8,350 |  |  | $ | 8,404 |  |  |
Change in expected credit losses | (1,266) |  |  | 781 |  |  |
Allowance for expected credit losses, end of period | $ | 7,084 |  |  | $ | 9,185 |  |  |

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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/1943274/2147479032/944-605-50-1 + 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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