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Reinsurance (Tables) | 6 Months Ended
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Jun. 30, 2023
Reinsurance Disclosures [Abstract] |
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,
| 2023 |  | 2022
(dollars in thousands) | Direct |  | Assumed |  | Ceded |  | Net Premiums |  | Direct |  | Assumed |  | Ceded |  | Net Premiums
Underwriting: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Written | $ | 2,285,739 |  |  | $ | 448,837 |  |  | $ | (526,562) |  |  | $ | 2,208,014 |  |  | $ | 2,108,859 |  |  | $ | 420,026 |  |  | $ | (427,959) |  |  | $ | 2,100,926 |
Earned | 2,025,324 |  |  | 424,404 |  |  | (418,264) |  |  | 2,031,464 |  |  | 1,772,695 |  |  | 382,876 |  |  | (321,438) |  |  | 1,834,133 |
Program services and other fronting: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Written | 824,171 |  |  | 229,438 |  |  | (1,053,930) |  |  | (321) |  |  | 664,590 |  |  | 86,574 |  |  | (752,295) |  |  | (1,131) |
Earned | 649,562 |  |  | 159,075 |  |  | (808,958) |  |  | (321) |  |  | 607,099 |  |  | 65,116 |  |  | (673,244) |  |  | (1,029) |
Consolidated: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Written | 3,109,910 |  |  | 678,275 |  |  | (1,580,492) |  |  | 2,207,693 |  |  | 2,773,449 |  |  | 506,600 |  |  | (1,180,254) |  |  | 2,099,795 |
Earned | $ | 2,674,886 |  |  | $ | 583,479 |  |  | $ | (1,227,222) |  |  | $ | 2,031,143 |  |  | $ | 2,379,794 |  |  | $ | 447,992 |  |  | $ | (994,682) |  |  | $ | 1,833,104 |
| Six Months Ended June 30,
| 2023 |  | 2022
(dollars in thousands) | Direct |  | Assumed |  | Ceded |  | Net Premiums |  | Direct |  | Assumed |  | Ceded |  | Net Premiums
Underwriting: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Written | $ | 4,255,102 |  |  | $ | 1,137,732 |  |  | $ | (966,591) |  |  | $ | 4,426,243 |  |  | $ | 3,932,114 |  |  | $ | 1,116,386 |  |  | $ | (781,341) |  |  | $ | 4,267,159 |
Earned | 3,997,200 |  |  | 823,123 |  |  | (820,704) |  |  | 3,999,619 |  |  | 3,470,665 |  |  | 785,943 |  |  | (661,367) |  |  | 3,595,241 |
Program services and other fronting: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Written | 1,397,382 |  |  | 433,981 |  |  | (1,832,135) |  |  | (772) |  |  | 1,361,564 |  |  | 268,272 |  |  | (1,632,466) |  |  | (2,630) |
Earned | 1,290,675 |  |  | 233,792 |  |  | (1,525,239) |  |  | (772) |  |  | 1,306,704 |  |  | 113,976 |  |  | (1,423,047) |  |  | (2,367) |
Consolidated: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Written | 5,652,484 |  |  | 1,571,713 |  |  | (2,798,726) |  |  | 4,425,471 |  |  | 5,293,678 |  |  | 1,384,658 |  |  | (2,413,807) |  |  | 4,264,529 |
Earned | $ | 5,287,875 |  |  | $ | 1,056,915 |  |  | $ | (2,345,943) |  |  | $ | 3,998,847 |  |  | $ | 4,777,369 |  |  | $ | 899,919 |  |  | $ | (2,084,414) |  |  | $ | 3,592,874 |
Effect Of Reinsurance And Retrocessional Reinsurance On Losses and Loss Adjustment Expenses | The following table summarizes the effect of reinsurance and retrocessional reinsurance on losses and loss adjustment expenses in the Company's underwriting operations.
| Quarter Ended June 30, |  | Six Months Ended June 30,
(dollars in thousands) | 2023 |  | 2022 |  | 2023 |  | 2022
Gross losses and loss adjustment expenses | $ | 1,476,189 |  |  | $ | 1,186,691 |  |  | $ | 2,868,537 |  |  | $ | 2,337,040 |
Ceded losses and loss adjustment expenses | (288,676) |  |  | (127,895) |  |  | (507,931) |  |  | (305,889) |
Net losses and loss adjustment expenses | $ | 1,187,513 |  |  | $ | 1,058,796 |  |  | $ | 2,360,606 |  |  | $ | 2,031,151 |

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