| Effect Of Reinsurance And Retrocessional Reinsurance On Premiums Written And Earned |
The following tables summarize the effect of reinsurance and retrocessional reinsurance on premiums written and earned. | | | | | | | | | | | | | | | | | | Quarter Ended June 30, | | 2015 | | 2014 | (dollars in thousands) | Written | | Earned | | Written | | Earned | Direct | $ | 951,885 |
| | $ | 875,376 |
| | $ | 976,446 |
| | $ | 852,867 |
| Assumed | 313,901 |
| | 304,324 |
| | 366,932 |
| | 336,617 |
| Ceded | (231,442 | ) | | (222,143 | ) | | (259,047 | ) | | (223,885 | ) | Net premiums | $ | 1,034,344 |
| | $ | 957,557 |
| | $ | 1,084,331 |
| | $ | 965,599 |
|
| | | | | | | | | | | | | | | | | | Six Months Ended June 30, | | 2015 | | 2014 | (dollars in thousands) | Written | | Earned | | Written | | Earned | Direct | $ | 1,753,465 |
| | $ | 1,719,946 |
| | $ | 1,771,757 |
| | $ | 1,681,159 |
| Assumed | 764,794 |
| | 617,159 |
| | 931,378 |
| | 684,316 |
| Ceded | (448,485 | ) | | (435,898 | ) | | (479,493 | ) | | (450,501 | ) | Net premiums | $ | 2,069,774 |
| | $ | 1,901,207 |
| | $ | 2,223,642 |
| | $ | 1,914,974 |
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