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REINSURANCE (Tables)
6 Months Ended
Jun. 30, 2025
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Abstract]  
Schedule of Effect of Reinsurance and Retrocessional Activity on Premiums Written and Earned and on Net Claims and Claim Expenses Incurred
The following table sets forth the effect of reinsurance and retrocessional activity on premiums written and earned and on net claims and claim expenses incurred:
Three months endedSix months ended
June 30,
2025
June 30,
2024
June 30,
2025
June 30,
2024
Premiums Written
Direct$230,764 $298,787 $474,420 $619,444 
Assumed3,190,416 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 
Assumed2,614,285 2,717,610 5,469,612 5,314,808 
Ceded(449,130)(435,876)(835,570)(868,906)
Net premiums earned$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 
Schedule of Provision for Current Expected Credit Losses of Premiums Receivable The following
table provides a roll forward of the provision for current expected credit losses of the Company’s premiums receivable:
Three months endedSix months ended
June 30, 2025June 30, 2024June 30, 2025June 30, 2024
Beginning balance$3,955 $4,964 $4,631 $3,514 
Provision for (release of) allowance(683)(418)(1,359)1,032 
Ending balance$3,272 $4,546 $3,272 $4,546 
Schedule of Provision for Current Expected Credit Losses of Reinsurance Recoverable The following table provides a roll forward of the provision for current expected credit losses of the Company’s reinsurance recoverable:
Three months endedSix months ended
June 30, 2025June 30, 2024June 30, 2025June 30, 2024
Beginning balance$10,823 $11,989 $11,730 $13,280 
Provision for (release of) allowance(15)1,593 (922)302 
Ending balance$10,808 $13,582 $10,808 $13,582