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v3.23.2

Reinsurance - Summary of Premiums Earned and Losses Incurred (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022
Premiums earned: |  |  |  |
Direct | $ 284,636 | $ 287,846 | $ 570,670 | $ 575,119
Assumed | 3,047 | 2,121 | 5,834 | 4,247
Ceded | (44,872) | (34,270) | (91,678) | (68,429)
Net premiums earned | 242,811 | 255,697 | 484,826 | 510,937
Losses incurred: |  |  |  |
Direct | (15,706) | (109,334) | (4,583) | (130,426)
Assumed | (31) | (154) | (27) | (361)
Losses incurred, net | (17,691) | (99,058) | (11,245) | (118,372)
Quota Share Reinsurance Transactions |  |  |  |
Premiums earned: |  |  |  |
Ceded | (27,442) | (14,995) | (57,319) | (37,373)
Losses incurred: |  |  |  |
Ceded | (1,954) | 10,430 | (6,635) | 12,415
Profit commission on reinsurance | 34,809 | 48,814 | 66,520 | 87,794
Ceding commission on reinsurance | 12,450 | 12,762 | 24,768 | 25,034
Excess of Loss Reinsurance Transactions |  |  |  |
Premiums earned: |  |  |  |
Ceded | $ (17,430) | $ (19,275) | $ (34,359) | $ (31,056)

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