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REINSURANCE (Tables)
9 Months Ended
Sep. 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 endedNine months ended
September 30,
2025
September 30,
2024
September 30,
2025
September 30,
2024
Premiums Written
Direct$216,934 $288,892 $691,354 $908,336 
Assumed2,106,692 2,111,244 9,208,955 8,907,979 
Ceded(265,824)(237,632)(1,628,708)(1,615,727)
Net premiums written$2,057,802 $2,162,504 $8,271,601 $8,200,588 
Premiums Earned
Direct$223,861 $273,619 $722,754 $812,942 
Assumed2,674,658 2,783,423 8,144,270 8,098,231 
Ceded(464,714)(474,073)(1,300,284)(1,342,979)
Net premiums earned$2,433,805 $2,582,969 $7,566,740 $7,568,194 
Claims and Claim Expenses
Gross claims and claim expenses incurred$942,559 $1,450,118 $5,114,509 $4,069,252 
Claims and claim expenses recovered(63,739)(76,504)(449,808)(220,013)
Net claims and claim expenses incurred$878,820 $1,373,614 $4,664,701 $3,849,239 
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 endedNine months ended
September 30, 2025September 30, 2024September 30, 2025September 30, 2024
Beginning balance$3,272 $4,546 $4,631 $3,514 
Provision for (release of) allowance63 (244)(1,296)788 
Ending balance$3,335 $4,302 $3,335 $4,302 
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 endedNine months ended
September 30, 2025September 30, 2024September 30, 2025September 30, 2024
Beginning balance$10,808 $13,582 $11,730 $13,280 
Provision for (release of) allowance2,180 (406)1,258 (104)
Ending balance$12,988 $13,176 $12,988 $13,176