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Reinsurance (Tables) | 6 Months Ended
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Jun. 30, 2024
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,
| 2024 |  | 2023
(dollars in thousands) | Direct |  | Assumed |  | Ceded |  | Net Premiums |  | Direct |  | Assumed |  | Ceded |  | Net Premiums
Underwriting: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Written | $ | 2,356,536 |  |  | $ | 564,851 |  |  | $ | (642,448) |  |  | $ | 2,278,939 |  |  | $ | 2,285,739 |  |  | $ | 448,837 |  |  | $ | (526,562) |  |  | $ | 2,208,014 |
Earned | $ | 2,149,773 |  |  | $ | 414,488 |  |  | $ | (487,002) |  |  | $ | 2,077,259 |  |  | $ | 2,025,324 |  |  | $ | 424,404 |  |  | $ | (418,264) |  |  | $ | 2,031,464 |
Program services and other fronting: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Written | 943,140 |  |  | 847,603 |  |  | (1,790,903) |  |  | (160) |  |  | 824,171 |  |  | 229,438 |  |  | (1,053,930) |  |  | (321) |
Earned | 811,377 |  |  | 240,844 |  |  | (1,052,381) |  |  | (160) |  |  | 649,562 |  |  | 159,075 |  |  | (808,958) |  |  | (321) |
Consolidated: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Written | $ | 3,299,676 |  |  | $ | 1,412,454 |  |  | $ | (2,433,351) |  |  | $ | 2,278,779 |  |  | $ | 3,109,910 |  |  | $ | 678,275 |  |  | $ | (1,580,492) |  |  | $ | 2,207,693 |
Earned | $ | 2,961,150 |  |  | $ | 655,332 |  |  | $ | (1,539,383) |  |  | $ | 2,077,099 |  |  | $ | 2,674,886 |  |  | $ | 583,479 |  |  | $ | (1,227,222) |  |  | $ | 2,031,143 |
| Six Months Ended June 30,
| 2024 |  | 2023
(dollars in thousands) | Direct |  | Assumed |  | Ceded |  | Net Premiums |  | Direct |  | Assumed |  | Ceded |  | Net Premiums
Underwriting: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Written | $ | 4,464,003 |  |  | $ | 1,233,550 |  |  | $ | (1,186,404) |  |  | $ | 4,511,149 |  |  | $ | 4,255,102 |  |  | $ | 1,137,732 |  |  | $ | (966,591) |  |  | $ | 4,426,243 |
Earned | $ | 4,348,011 |  |  | $ | 807,430 |  |  | $ | (950,382) |  |  | $ | 4,205,059 |  |  | $ | 3,997,200 |  |  | $ | 823,123 |  |  | $ | (820,704) |  |  | $ | 3,999,619 |
Program services and other fronting: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Written | 1,688,098 |  |  | 1,266,878 |  |  | (2,955,309) |  |  | (333) |  |  | 1,397,382 |  |  | 433,981 |  |  | (1,832,135) |  |  | (772) |
Earned | 1,515,059 |  |  | 364,115 |  |  | (1,879,507) |  |  | (333) |  |  | 1,290,675 |  |  | 233,792 |  |  | (1,525,239) |  |  | (772) |
Consolidated: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Written | $ | 6,152,101 |  |  | $ | 2,500,428 |  |  | $ | (4,141,713) |  |  | $ | 4,510,816 |  |  | $ | 5,652,484 |  |  | $ | 1,571,713 |  |  | $ | (2,798,726) |  |  | $ | 4,425,471 |
Earned | $ | 5,863,070 |  |  | $ | 1,171,545 |  |  | $ | (2,829,889) |  |  | $ | 4,204,726 |  |  | $ | 5,287,875 |  |  | $ | 1,056,915 |  |  | $ | (2,345,943) |  |  | $ | 3,998,847 |
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) | 2024 |  | 2023 |  | 2024 |  | 2023
Gross losses and loss adjustment expenses | $ | 1,577,820 |  |  | $ | 1,476,189 |  |  | $ | 3,271,667 |  |  | $ | 2,868,537 |
Ceded losses and loss adjustment expenses | (345,224) |  |  | (288,676) |  |  | (751,391) |  |  | (507,931) |
Net losses and loss adjustment expenses | $ | 1,232,596 |  |  | $ | 1,187,513 |  |  | $ | 2,520,276 |  |  | $ | 2,360,606 |

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