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 2016 Annual Report.



	Quarter ended June 30,					Six Months ended June 30,
($ in thousands)	2017			2016		2017		2016
Premiums written:
Direct	$	706,408		665,862		1,390,228		1,312,140
Assumed	6,488			7,788		12,179		14,108
Ceded	(99,082		)	(95,510	)	(189,889	)	(182,749	)
Net	$	613,814		578,140		1,212,518		1,143,499
Premiums earned:
Direct	$	654,588		612,406		1,301,316		1,219,067
Assumed	6,063			7,171		11,842		13,441
Ceded	(92,621		)	(87,645	)	(184,274	)	(178,118	)
Net	$	568,030		531,932		1,128,884		1,054,390
Loss and loss expense incurred:
Direct	$	389,550		362,064		731,672		723,703
Assumed	7,766			6,140		12,203		12,495
Ceded	(55,757		)	(69,725	)	(84,844	)	(140,575	)
Net	$	341,559		298,479		659,031		595,623

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)	2017			2016		2017		2016
Ceded premiums written	$	(63,808	)	(63,906	)	(120,142	)	(117,154	)
Ceded premiums earned	(57,655		)	(56,667	)	(114,932	)	(113,481	)
Ceded loss and loss expense incurred	(15,140		)	(24,261	)	(21,681	)	(64,979	)