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

 

 

Quarter ended

 

Nine Months ended

 

 

September 30,

 

September 30,

($ in thousands)

 

2011

 

2010

 

 

2011

 

2010

Premiums written:

 

 

 

 

 

 

 

 

 

Direct

$

453,768 

 

431,312 

 

 

1,324,705

 

1,274,061 

Assumed

 

22,575 

 

15,372 

 

 

29,765

 

21,561 

Ceded

 

(79,511)

 

(79,570)

 

 

(221,300)

 

(206,893)

Net

$

396,832 

 

367,114 

 

 

1,133,170

 

1,088,729 

 

 

 

 

 

 

 

 

 

 

Premiums earned:

 

 

 

 

 

 

 

 

 

Direct

$

425,231 

 

413,759 

 

 

1,257,087

 

1,238,912 

Assumed

 

7,626 

 

9,158 

 

 

18,866 

 

20,858 

Ceded

 

(73,894)

 

(68,208)

 

 

(210,067)

 

(196,669)

Net

$

358,963 

 

354,709 

 

 

1,065,886

 

1,063,101 

 

 

 

 

 

 

 

 

 

 

Losses and loss expenses incurred:

 

 

 

 

 

 

 

 

 

Direct

$

638,219 

 

277,111 

 

 

1,204,586

 

834,431 

Assumed

 

5,977 

 

6,612 

 

 

13,549

 

11,535 

Ceded

 

(338,238)

 

(38,704)

 

 

(388,416)

 

(106,824)

Net

$

305,958 

 

245,019 

 

 

829,719

 

739,142 

Ceded Premiums and Losses Related to Flood Operations

National Flood Insurance Program

 

Quarter ended

 

Nine Months ended

 

 

September 30,

 

September 30,

($ in thousands)

 

2011

 

2010

 

 

2011

 

2010

Ceded premiums written

$

(55,198)

 

(57,838)

 

 

(158,777)

 

(148,296)

Ceded premiums earned

 

(50,256)

 

(47,240)

 

 

(147,111)

 

(137,220)

Ceded losses and loss expenses incurred

 

(301,725)

 

(11,227)

 

 

(331,604)

 

(54,303)