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Reinsurance - Summary of Premiums Earned and Losses Incurred (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2024 | Sep. 30, 2023 | Sep. 30, 2024 | Sep. 30, 2023
Premiums earned: |  |  |  |
Direct | $ 284,435 | $ 287,640 | $ 851,819 | $ 858,310
Assumed | 3,625 | 3,801 | 10,444 | 9,635
Ceded | (44,720) | (50,164) | (132,751) | (141,842)
Net premiums earned | 243,340 | 241,277 | 729,512 | 726,103
Losses incurred: |  |  |  |
Direct | (5,899) | 6,627 | (9,116) | 2,044
Assumed | 30 | 20 | 13 | (7)
Losses incurred, net | (9,842) | (77) | (23,559) | (11,322)
Quota Share Reinsurance Transactions |  |  |  |
Premiums earned: |  |  |  |
Ceded | (27,785) | (32,693) | (83,143) | (90,012)
Losses incurred: |  |  |  |
Ceded | (3,973) | (6,724) | (14,456) | (13,359)
Profit commission on quota share reinsurance | 28,620 | 30,698 | 80,505 | 97,218
Ceding commission on quota share reinsurance | 11,281 | 12,678 | 32,730 | 37,446
Excess of Loss Reinsurance Transactions |  |  |  |
Premiums earned: |  |  |  |
Ceded | $ (16,935) | $ (17,471) | $ (49,608) | $ (51,830)

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