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Reinsurance (Tables)
 12 Months Ended
Dec. 31, 2016
Reinsurance Disclosures [Abstract]  
Schedule of Total Reinsurance Balances Segregated By Reinsurer
 
 
As of December 31, 2016
 
As of December 31, 2015
($ in thousands)
 
Reinsurance Balances
 
% of Reinsurance Balance
 
Reinsurance Balances
 
% of Reinsurance Balance
Total reinsurance recoverables
 
$
621,537

 
 

 
$
561,968

 
 

Total prepaid reinsurance premiums
 
146,282

 
 

 
140,889

 
 

Total reinsurance balance
 
767,819

 
 

 
702,857

 
 

 
 
 
 
 
 
 
 
 
Federal and state pools1:
 
 

 
 

 
 

 
 

NFIP
 
211,181

 
27
%
 
164,130

 
24
%
New Jersey Unsatisfied Claim Judgment Fund
 
65,574

 
9

 
71,884

 
10

Other
 
3,227

 
—

 
3,136

 
—

Total federal and state pools
 
279,982

 
36

 
239,150

 
34

Remaining reinsurance balance
 
$
487,837

 
64

 
$
463,707

 
66

 
 
 
 
 
 
 
 
 
Munich Re Group (A.M. Best rated "A+")
 
$
119,520

 
16

 
$
112,889

 
16

Hannover Ruckversicherungs AG (A.M. Best rated "A+")
 
106,298

 
13

 
99,535

 
14

AXIS Reinsurance Company (A.M. Best rated "A+")
 
59,737

 
8

 
53,374

 
8

Swiss Re Group (A.M. Best rated "A+")
 
50,494

 
7

 
51,340

 
7

Partner Reinsurance Company of the U.S. (A.M. Best rated “A”)
 
21,125

 
3

 
20,748

 
3

All other reinsurers
 
130,663

 
17

 
125,821

 
18

   Total reinsurers
 
487,837

 
64
%
 
463,707

 
66
%
Less: collateral2
 
(113,763
)
 
 
 
(106,449
)
 
 
   Reinsurers, net of collateral
 
$
374,074

 
 
 
$
357,258

 
 

 1 Considered to have minimal risk of default.
2 Includes letters of credit, trust funds, and funds held against reinsurance recoverables.

Note: Some amounts may not foot due to rounding.
List Of Direct, Assumed, And Ceded Reinsurance Amounts
($ in thousands)
 
2016
 
2015
 
2014
Premiums written:
 
 

 
 

 
 

Direct
 
$
2,577,259

 
2,403,519

 
2,228,270

Assumed
 
28,779

 
23,848

 
26,306

Ceded
 
(368,750
)
 
(357,463
)
 
(369,296
)
Net
 
$
2,237,288

 
2,069,904

 
1,885,280

 
 
 
 
 
 
 
Premiums earned:
 
 

 
 

 
 

Direct
 
$
2,484,715

 
2,330,267

 
2,183,258

Assumed
 
28,214

 
23,209

 
34,653

Ceded
 
(363,357
)
 
(363,567
)
 
(365,302
)
Net
 
$
2,149,572

 
1,989,909

 
1,852,609

 
 
 
 
 
 
 
Losses and loss expenses incurred:
 
 

 
 

 
 

Direct
 
$
1,560,356

 
1,274,872

 
1,314,864

Assumed
 
22,708

 
16,996

 
26,187

Ceded
 
(348,267
)
 
(143,327
)
 
(183,550
)
Net
 
$
1,234,797

 
1,148,541

 
1,157,501
Schedule of Ceded Premiums and Losses Related to Flood Operations
Ceded to NFIP ($ in thousands)
 
2016
 
2015
 
2014
Ceded premiums written
 
$
(232,245
)
 
(228,907
)
 
(237,718
)
Ceded premiums earned
 
(227,882
)
 
(233,940
)
 
(234,224
)
Ceded losses and loss expenses incurred
 
(239,891
)
 
(62,078
)
 
(57,323
)