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Reinsurance | 6 Months Ended
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Jun. 30, 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 June 30, | Six Months ended June 30,
($ in thousands) |  | 2014 |  | 2013 | 2014 |  | 2013
Premiums written: |  |  |  |  |  |  |  |  |  |  |
Direct |  | $ | 572,314 |  |  | 551,190 |  | 1,130,205 |  |  | 1,080,006 |
Assumed |  | 5,837 |  |  | 4,378 |  | 13,687 |  |  | 12,860 |
Ceded |  | (98,328 | ) |  | (93,391 | ) | (187,319 | ) |  | (180,565 | )
Net |  | $ | 479,823 |  |  | 462,177 |  | 956,573 |  |  | 912,301 |
Premiums earned: |  |  |  |  |  |  |  |  |  |  |
Direct |  | $ | 544,913 |  |  | 504,081 |  | 1,081,613 |  |  | 998,147 |
Assumed |  | 10,385 |  |  | 8,951 |  | 20,570 |  |  | 21,414 |
Ceded |  | (91,673 | ) |  | (86,780 | ) | (182,063 | ) |  | (172,369 | )
Net |  | $ | 463,625 |  |  | 426,252 |  | 920,120 |  |  | 847,192 |
Loss and loss expense incurred: |  |  |  |  |  |  |  |  |  |  |
Direct |  | $ | 332,707 |  |  | 338,954 |  | 691,056 |  |  | 704,600 |
Assumed |  | 7,377 |  |  | 6,420 |  | 14,856 |  |  | 15,494 |
Ceded |  | (42,289 | ) |  | (65,780 | ) | (87,571 | ) |  | (170,651 | )
Net |  | $ | 297,795 |  |  | 279,594 |  | 618,341 |  |  | 549,443 |
The growth in direct premiums written ("DPW") for our ten insurance subsidiaries ("Insurance Subsidiaries") in both Second Quarter and Six Months 2014 compared to Second Quarter and Six Months 2013 reflects pure price increases and retention that we have achieved in our Standard Insurance Operations. Direct premiums earned increases in Second Quarter 2014 and Six Months 2014 were consistent with the fluctuation in DPW for the twelve-month period ended June 30, 2014 as compared to the twelve-month period ended June 30, 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:
Ceded to NFIP |  | Quarter ended June 30, |  | Six Months ended June 30,
($ in thousands) |  | 2014 |  | 2013 |  | 2014 |  | 2013
Ceded premiums written |  | $ | (65,775 | ) |  | (62,461 | ) |  | (123,078 | ) |  | (119,168 | )
Ceded premiums earned |  | (59,213 | ) |  | (56,450 | ) |  | (117,499 | ) |  | (111,777 | )
Ceded loss and loss expense incurred |  | (26,712 | ) |  | (51,725 | ) |  | (34,091 | ) |  | (127,901 | )

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- Definition The entire disclosure pertaining to the existence, magnitude and information about insurance that has been ceded to or assumed from another insurance company, including the methodologies and assumptions used in determining recorded amounts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 310 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6485557&loc=d3e21549-158491 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 13 -Article 7 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 605 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6486672&loc=d3e27261-158547 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 605 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6486672&loc=d3e27374-158547 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6480758&loc=d3e6811-158387 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6480758&loc=d3e6816-158387 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 6 -Article 7 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.6,13) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 605 -Section 55 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6588590&loc=d3e27795-158548 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 605 -Section 55 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6588590&loc=d3e27703-158548 + Details
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