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Reinsurance
 3 Months Ended
Mar. 31, 2014
Reinsurance Disclosures [Abstract]  
Reinsurance
Reinsurance
The following table contains a listing of direct, assumed, and ceded reinsurance amounts for premiums written, premiums earned, and loss and loss expenses incurred for the periods indicated. For more information concerning reinsurance, refer to Note 8. “Reinsurance” in Item 8. “Financial Statements and Supplementary Data.” of our 2013 Annual Report.
 
 
Quarter ended March 31,
($ in thousands)
 
2014
 
2013
Premiums written:
 
 

 
 

Direct
 
$
557,891

 
528,816

Assumed
 
7,850

 
8,482

Ceded
 
(88,991
)
 
(87,174
)
Net
 
$
476,750

 
450,124

Premiums earned:
 
 

 
 

Direct
 
$
536,700

 
494,066

Assumed
 
10,185

 
12,463

Ceded
 
(90,390
)
 
(85,589
)
Net
 
$
456,495

 
420,940

Loss and loss expense incurred:
 
 

 
 

Direct
 
$
358,349

 
365,646

Assumed
 
7,479

 
9,074

Ceded
 
(45,282
)
 
(104,871
)
Net
 
$
320,546

 
269,849

 
The growth in direct premium written ("DPW") for our ten insurance subsidiaries ("Insurance Subsidiaries") in First Quarter 2014 compared to First Quarter 2013 reflects pure price increases and retention that we have achieved in our Standard Insurance Operations.
 
Direct premiums earned increases in First Quarter 2014 were consistent with the fluctuation in DPW for the twelve-month period ended March 31, 2014 as compared to the twelve-month period ended March 31, 2013.

The ceded premiums and losses related to our participation in the NFIP, under which 100% of our flood premiums, losses, and loss expenses are ceded to the NFIP, are as follows:
NFIP
 
Quarter ended March 31,
($ in thousands)
 
2014
 
2013
Ceded premiums written
 
$
(57,303
)
 
(56,707
)
Ceded premiums earned
 
(58,286
)
 
(55,327
)
Ceded loss and loss expense incurred
 
(7,379
)
 
(76,176
)