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Reinsurance (Tables)
 12 Months Ended
Dec. 31, 2018
Reinsurance Disclosures [Abstract]  
Schedule of Total Reinsurance Balances Segregated By Reinsurer
 
 
As of December 31, 2018
 
As of December 31, 2017
($ in thousands)
 
Reinsurance Balances
 
% of Reinsurance Balance
 
Reinsurance Balances
 
% of Reinsurance Balance
Total reinsurance recoverables
 
$
549,172

 
 

 
$
594,832

 
 

Total prepaid reinsurance premiums
 
157,723

 
 

 
153,493

 
 

Total reinsurance balance
 
706,895

 
 

 
748,325

 
 

 
 
 
 
 
 
 
 
 
Federal and state pools1:
 
 

 
 

 
 

 
 

NFIP
 
170,453

 
24
%
 
204,161

 
27
%
New Jersey Unsatisfied Claim Judgment Fund
 
55,167

 
7

 
62,947

 
9

Other
 
3,602

 
1

 
3,634

 
—

Total federal and state pools
 
229,222

 
32

 
270,742

 
36

Remaining reinsurance balance
 
$
477,673

 
68

 
$
477,583

 
64

 
 
 
 
 
 
 
 
 
Munich Re Group (A.M. Best rated "A+")
 
$
112,841

 
16

 
$
117,460

 
16

Hannover Ruckversicherungs AG (A.M. Best rated "A+")
 
101,835

 
14

 
101,652

 
14

AXIS Reinsurance Company (A.M. Best rated "A+")
 
69,102

 
10

 
62,396

 
8

Swiss Re Group (A.M. Best rated "A+")
 
37,519

 
5

 
40,772

 
5

Transatlantic Reinsurance Company (A.M. Best rated “A+”)
 
17,686

 
3

 
13,237

 
2

Endurance Specialty Ins. LTD. (A.M. Best rated “A+”)
 
15,163

 
2

 
18,469

 
2

Partner Reinsurance Company of the U.S. (A.M. Best rated “A”)
 
12,261

 
2

 
16,925

 
2

All other reinsurers
 
111,266

 
16

 
106,672

 
15

   Total reinsurers
 
477,673

 
68
%
 
477,583

 
64
%
Less: collateral2
 
(112,201
)
 
 
 
(122,413
)
 
 
   Reinsurers, net of collateral
 
$
365,472

 
 
 
$
355,170

 
 

 1Considered to have minimal risk of default.
2Includes letters of credit, trust funds, and funds held against reinsurance recoverables.
List Of Direct, Assumed, And Ceded Reinsurance Amounts
($ in thousands)
 
2018
 
2017
 
2016
Premiums written:
 
 

 
 

 
 

Direct
 
$
2,890,633

 
2,733,459

 
2,577,259

Assumed
 
26,250

 
26,685

 
28,779

Ceded
 
(402,597
)
 
(389,503
)
 
(368,750
)
Net
 
$
2,514,286

 
2,370,641

 
2,237,288

 
 
 
 
 
 
 
Premiums earned:
 
 

 
 

 
 

Direct
 
$
2,808,764

 
2,647,488

 
2,484,715

Assumed
 
25,831

 
25,831

 
28,214

Ceded
 
(398,366
)
 
(382,292
)
 
(363,357
)
Net
 
$
2,436,229

 
2,291,027

 
2,149,572

 
 
 
 
 
 
 
Loss and loss expense incurred:
 
 

 
 

 
 

Direct
 
$
1,706,951

 
1,570,678

 
1,560,356

Assumed
 
21,469

 
17,588

 
22,708

Ceded
 
(230,286
)
 
(243,192
)
 
(348,267
)
Net
 
$
1,498,134

 
1,345,074

 
1,234,797
Schedule of Ceded Premiums and Losses Related to Flood Operations
Ceded to NFIP ($ in thousands)
 
2018
 
2017
 
2016
Ceded premiums written
 
$
(248,053
)
 
(241,345
)
 
(232,245
)
Ceded premiums earned
 
(244,238
)
 
(235,088
)
 
(227,882
)
Ceded loss and loss expense incurred
 
(144,967
)
 
(160,922
)
 
(239,891
)