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Reinsurance (Tables) | 9 Months Ended
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Sep. 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 September 30,
| 2023 |  | 2022
(dollars in thousands) | Direct |  | Assumed |  | Ceded |  | Net Premiums |  | Direct |  | Assumed |  | Ceded |  | Net Premiums
Underwriting: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Written | $ | 2,223,988 |  |  | $ | 282,070 |  |  | $ | (478,035) |  |  | $ | 2,028,023 |  |  | $ | 2,133,822 |  |  | $ | 349,650 |  |  | $ | (473,885) |  |  | $ | 2,009,587 |
Earned | $ | 2,127,244 |  |  | $ | 424,620 |  |  | $ | (429,901) |  |  | $ | 2,121,963 |  |  | $ | 1,899,816 |  |  | $ | 408,561 |  |  | $ | (351,118) |  |  | $ | 1,957,259 |
Program services and other fronting: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Written | 615,424 |  |  | 557,324 |  |  | (1,172,966) |  |  | (218) |  |  | 663,631 |  |  | 327,668 |  |  | (991,719) |  |  | (420) |
Earned | 669,544 |  |  | 313,079 |  |  | (982,841) |  |  | (218) |  |  | 729,312 |  |  | 218,439 |  |  | (948,180) |  |  | (429) |
Consolidated: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Written | $ | 2,839,412 |  |  | $ | 839,394 |  |  | $ | (1,651,001) |  |  | $ | 2,027,805 |  |  | $ | 2,797,453 |  |  | $ | 677,318 |  |  | $ | (1,465,604) |  |  | $ | 2,009,167 |
Earned | $ | 2,796,788 |  |  | $ | 737,699 |  |  | $ | (1,412,742) |  |  | $ | 2,121,745 |  |  | $ | 2,629,128 |  |  | $ | 627,000 |  |  | $ | (1,299,298) |  |  | $ | 1,956,830 |
| Nine Months Ended September 30,
| 2023 |  | 2022
(dollars in thousands) | Direct |  | Assumed |  | Ceded |  | Net Premiums |  | Direct |  | Assumed |  | Ceded |  | Net Premiums
Underwriting: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Written | $ | 6,479,090 |  |  | $ | 1,419,802 |  |  | $ | (1,444,626) |  |  | $ | 6,454,266 |  |  | $ | 6,065,936 |  |  | $ | 1,466,036 |  |  | $ | (1,255,226) |  |  | $ | 6,276,746 |
Earned | $ | 6,124,444 |  |  | $ | 1,247,743 |  |  | $ | (1,250,605) |  |  | $ | 6,121,582 |  |  | $ | 5,370,481 |  |  | $ | 1,194,504 |  |  | $ | (1,012,485) |  |  | $ | 5,552,500 |
Program services and other fronting: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Written | 2,012,806 |  |  | 991,305 |  |  | (3,005,101) |  |  | (990) |  |  | 2,025,195 |  |  | 595,940 |  |  | (2,624,185) |  |  | (3,050) |
Earned | 1,960,219 |  |  | 546,871 |  |  | (2,508,080) |  |  | (990) |  |  | 2,036,016 |  |  | 332,415 |  |  | (2,371,227) |  |  | (2,796) |
Consolidated: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Written | $ | 8,491,896 |  |  | $ | 2,411,107 |  |  | $ | (4,449,727) |  |  | $ | 6,453,276 |  |  | $ | 8,091,131 |  |  | $ | 2,061,976 |  |  | $ | (3,879,411) |  |  | $ | 6,273,696 |
Earned | $ | 8,084,663 |  |  | $ | 1,794,614 |  |  | $ | (3,758,685) |  |  | $ | 6,120,592 |  |  | $ | 7,406,497 |  |  | $ | 1,526,919 |  |  | $ | (3,383,712) |  |  | $ | 5,549,704 |
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 September 30, |  | Nine Months Ended September 30,
(dollars in thousands) | 2023 |  | 2022 |  | 2023 |  | 2022
Gross losses and loss adjustment expenses | $ | 1,684,389 |  |  | $ | 1,423,526 |  |  | $ | 4,552,926 |  |  | $ | 3,760,566 |
Ceded losses and loss adjustment expenses | (278,945) |  |  | (238,220) |  |  | (786,876) |  |  | (544,109) |
Net losses and loss adjustment expenses | $ | 1,405,444 |  |  | $ | 1,185,306 |  |  | $ | 3,766,050 |  |  | $ | 3,216,457 |

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