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Reinsurance
 6 Months Ended
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
)