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Premiums and Reinsurance Related Information (Tables) | 6 Months Ended
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Jun. 30, 2025
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) | 2025 |  | 2024 |  | 2025 |  | 2024
Written premiums: |  |  |  |  |  |  |
Direct | $ | 3,610,784 |  |  | $ | 3,380,470 |  |  | $ | 6,921,677 |  |  | $ | 6,419,537 |
Assumed | 366,985 |  |  | 337,302 |  |  | 740,031 |  |  | 660,991 |
Ceded | (626,330) |  |  | (590,993) |  |  | (1,176,966) |  |  | (1,102,458) |
Total net premiums written | $ | 3,351,439 |  |  | $ | 3,126,779 |  |  | $ | 6,484,742 |  |  | $ | 5,978,070 |
Earned premiums: |  |  |  |  |  |  |
Direct | $ | 3,335,252 |  |  | $ | 3,048,872 |  |  | $ | 6,569,095 |  |  | $ | 5,985,516 |
Assumed | 336,521 |  |  | 328,114 |  |  | 676,118 |  |  | 666,024 |
Ceded | (573,588) |  |  | (530,571) |  |  | (1,134,647) |  |  | (1,040,778) |
Total net premiums earned | $ | 3,098,185 |  |  | $ | 2,846,415 |  |  | $ | 6,110,566 |  |  | $ | 5,610,762 |
Ceded losses and loss expenses incurred | $ | 354,923 |  |  | $ | 327,243 |  |  | $ | 669,175 |  |  | $ | 633,194 |
Ceded commissions earned | $ | 135,919 |  |  | $ | 123,647 |  |  | $ | 275,523 |  |  | $ | 244,701 |
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, 2025 and 2024:
(In thousands) | 2025 |  | 2024
Allowance for expected credit losses, beginning of period | $ | 39,884 |  |  | $ | 35,110 |
Change in expected credit losses | (924) |  |  | 2,169 |
Allowance for expected credit losses, end of period | $ | 38,960 |  |  | $ | 37,279 |
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, 2025 and 2024:
(In thousands) | 2025 |  | 2024
Allowance for expected credit losses, beginning of period | $ | 38,861 |  |  | $ | 35,039 |
Change in expected credit losses | 99 |  |  | 2,240 |
Allowance for expected credit losses, end of period | $ | 38,960 |  |  | $ | 37,279 |
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, 2025 and 2024:
(In thousands) | 2025 |  | 2024 |  |
Allowance for expected credit losses, beginning of period | $ | 8,350 |  |  | $ | 8,404 |  |  |
Change in expected credit losses | (1,396) |  |  | 1,851 |  |  |
Allowance for expected credit losses, end of period | $ | 6,954 |  |  | $ | 10,255 |  |  |
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, 2025 and 2024:
(In thousands) | 2025 |  | 2024 |  |
Allowance for expected credit losses, beginning of period | $ | 7,084 |  |  | $ | 9,185 |  |  |
Change in expected credit losses | (130) |  |  | 1,070 |  |  |
Allowance for expected credit losses, end of period | $ | 6,954 |  |  | $ | 10,255 |  |  |

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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://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479838/944-20-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 605 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -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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