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Reinsurance (Tables)
3 Months Ended
Mar. 31, 2012
Reinsurance [Abstract]  
List of Direct, Assumed, and Ceded Reinsurance Amounts
         

 

 

Quarter ended

 

 

March 31,

($ in thousands)

 

2012

 

2011

Premiums written:

 

 

 

 

Direct

$

475,966

 

423,342

Assumed

 

21,989

 

5,653

Ceded

 

(77,783)

 

(67,160)

Net

$

420,172

 

361,835

 

 

 

 

 

Premiums earned:

 

 

 

 

Direct

$

451,988

 

412,879

Assumed

 

15,049

 

5,889

Ceded

 

(88,208)

 

(67,425)

Net

$

378,829

 

351,343

 

 

 

 

 

Losses and loss expenses incurred:

 

 

 

 

Direct

$

252,203

 

269,404

Assumed

 

10,599

 

3,833

Ceded

 

(9,896)

 

(24,031)

Net

$

252,906

 

249,206

Ceded Premiums and Losses Related to Flood Operations
           

National Flood Insurance Program

 

Quarter ended

 

 

March 31,

($ in thousands)

 

2012

 

2011

Ceded premiums written

$

(51,724)

 

(48,314)

 

Ceded premiums earned

 

(51,905)

 

(47,948)

 

Ceded losses and loss expenses incurred

$

14,922

 

(14,540)