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Reinsurance (Tables)
6 Months Ended
Jun. 30, 2011
Reinsurance [Abstract]  
List of Direct, Assumed, and Ceded Reinsurance Amounts

 

 

Quarter ended

 

Six Months ended

 

 

June 30,

 

June 30,

($ in thousands)

 

2011

 

2010

 

 

2011

 

2010

Premiums written:

 

 

 

 

 

 

 

 

 

Direct

$

447,595 

 

414,913 

 

 

870,937 

 

842,749 

Assumed

 

1,537 

 

947 

 

 

7,190 

 

6,189 

Ceded

 

(74,629)

 

(62,336)

 

 

(141,789)

 

(127,323)

Net

$

374,503 

 

353,524

 

 

736,338 

 

721,615

 

 

 

 

 

 

 

 

 

 

Premiums earned:

 

 

 

 

 

 

 

 

 

Direct

$

418,977 

 

411,595 

 

 

831,856 

 

825,153 

Assumed

 

5,351 

 

4,682 

 

 

11,240 

 

11,700 

Ceded

 

(68,748)

 

(64,087)

 

 

 (136,173)

 

(128,461)

Net

$

355,580 

 

352,190 

 

 

706,923 

 

708,392 

 

 

 

 

 

 

 

 

 

 

Losses and loss expenses incurred:

 

 

 

 

 

 

 

 

 

Direct

$

296,963 

 

256,959 

 

 

566,367 

 

557,320 

Assumed

 

3,739 

 

3,023 

 

 

7,572 

 

4,923 

Ceded

 

(26,147)

 

(20,002)

 

 

(50,178)

 

(68,120)

Net

$

274,555 

 

239,980 

 

 

523,761 

 

494,123 

Ceded premiums and losses related to flood operations

National Flood Insurance Program

 

Quarter ended

 

Six Months ended

 

 

June 30,

 

June 30,

($ in thousands)

 

2011

 

2010

 

 

2011

 

2010

Ceded premiums written

$

(55,265)

 

(44,566)

 

$

 (103,579)

 

(90,458)

Ceded premiums earned

 

(48,907)

 

(45,495)

 

 

(96,855)

 

(89,980)

Ceded losses and loss expenses incurred

 

(15,339)

 

(8,122)

 

 

(29,879)

 

(43,076)