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Reinsurance (Tables) | 3 Months Ended
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Mar. 31, 2025
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.
| Three Months Ended March 31,
| 2025 |  | 2024
(dollars in thousands) | Direct |  | Assumed |  | Ceded |  | Net Premiums |  | Direct |  | Assumed |  | Ceded |  | Net Premiums
Underwriting: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Written | $ | 2,135,972 |  |  | $ | 729,042 |  |  | $ | (554,725) |  |  | $ | 2,310,289 |  |  | $ | 2,107,467 |  |  | $ | 668,699 |  |  | $ | (543,956) |  |  | $ | 2,232,210 |
Earned | $ | 2,195,483 |  |  | $ | 438,045 |  |  | $ | (544,156) |  |  | $ | 2,089,372 |  |  | $ | 2,198,238 |  |  | $ | 392,942 |  |  | $ | (463,380) |  |  | $ | 2,127,800 |
Fronting: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Written | 773,685 |  |  | 579,531 |  |  | (1,353,214) |  |  | 2 |  |  | 744,958 |  |  | 419,275 |  |  | (1,164,406) |  |  | (173) |
Earned | 739,245 |  |  | 244,306 |  |  | (983,549) |  |  | 2 |  |  | 703,682 |  |  | 123,271 |  |  | (827,126) |  |  | (173) |
Consolidated: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Written | $ | 2,909,657 |  |  | $ | 1,308,573 |  |  | $ | (1,907,939) |  |  | $ | 2,310,291 |  |  | $ | 2,852,425 |  |  | $ | 1,087,974 |  |  | $ | (1,708,362) |  |  | $ | 2,232,037 |
Earned | $ | 2,934,728 |  |  | $ | 682,351 |  |  | $ | (1,527,705) |  |  | $ | 2,089,374 |  |  | $ | 2,901,920 |  |  | $ | 516,213 |  |  | $ | (1,290,506) |  |  | $ | 2,127,627 |
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.
|  |  | Three Months Ended March 31,
(dollars in thousands) |  |  |  |  | 2025 |  | 2024
Gross losses and loss adjustment expenses |  |  |  |  | $ | 1,673,509 |  |  | $ | 1,693,847 |
Ceded losses and loss adjustment expenses |  |  |  |  | (418,927) |  |  | (406,167) |
Net losses and loss adjustment expenses |  |  |  |  | $ | 1,254,582 |  |  | $ | 1,287,680 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 605 -Topic 944 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479032/944-605-50-1 + Details
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