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v3.25.2

REINSURANCE - Schedule of Effect of Reinsurance and Retrocessional Activity on Premiums Written and Earned and on Net Claims and Claim Expenses Incurred (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
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Jun. 30, 2025 | Jun. 30, 2024 | Jun. 30, 2025 | Jun. 30, 2024
Premiums Written |  |  |  |
Direct | $ 230,764 | $ 298,787 | $ 474,420 | $ 619,444
Assumed | 3,190,416 | 3,126,708 | 7,102,263 | 6,796,735
Ceded | (650,910) | (586,984) | (1,362,884) | (1,378,095)
Net premiums written | 2,770,270 | 2,838,511 | 6,213,799 | 6,038,084
Premiums Earned |  |  |  |
Direct | 246,999 | 259,581 | 498,893 | 539,323
Assumed | 2,614,285 | 2,717,610 | 5,469,612 | 5,314,808
Ceded | (449,130) | (435,876) | (835,570) | (868,906)
Net premiums earned (Note 5) | 2,412,154 | 2,541,315 | 5,132,935 | 4,985,225
Claims and Claim Expenses |  |  |  |
Gross claims and claim expenses incurred | 1,067,108 | 1,459,511 | 4,171,950 | 2,619,134
Claims and claim expenses recovered | (24,985) | (150,009) | (386,069) | (143,509)
Net claims and claim expenses incurred | $ 1,042,123 | $ 1,309,502 | $ 3,785,881 | $ 2,475,625

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