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Reinsurance (Tables)
 6 Months Ended
Jun. 30, 2020
Reinsurance Disclosures [Abstract]  
Reinsurance Recoverable, Credit Quality Indicator [Table Text Block]
 
 
June 30, 2020
($ in thousands)
 
Current
 
Past Due
 
Total Reinsurance Recoverables
Financial strength rating of rated reinsurers1
 
 
 
 
 
 
A++
 
$
21,644

 
$
71

 
$
21,715

A+
 
361,511

 
2,926

 
364,437

A
 
103,553

 
670

 
104,223

A-
 
2,045

 
—

 
2,045

B++
 
500

 
275

 
775

B+
 
10

 
—

 
10

Total rated reinsurers
 
$
489,263

 
$
3,942

 
$
493,205

 
 
 
 
 
 
 
Non-rated reinsurers
 
 
 
 
 
 
Federal and state pools
 
88,531

 
—

 
88,531

Other than federal and state pools
 
5,359

 
32

 
5,391

Total non-rated reinsurers
 
$
93,890

 
$
32

 
$
93,922

 
 
 
 
 
 
 
Total reinsurance recoverable, gross
 
$
583,153

 
$
3,974

 
$
587,127

Less: allowance for credit losses2
 
(2,396
)
 
—

 
(2,396
)
Total reinsurance recoverable, net
 
$
580,757

 
$
3,974

 
$
584,731

1Credit ratings as of June 30, 2020.
Reinsurance Recoverable, Allowance for Credit Loss [Table Text Block]
($ in thousands)
 
Quarter ended June 30, 2020
 
Six Months ended June 30, 2020
Balance at beginning of period
 
$
1,502

 
$
4,400

Cumulative effect adjustment1
 
—

 
(2,903
)
Balance at beginning of period, as adjusted
 
$
1,502

 
$
1,497

Current period provision for expected credit losses
 
894

 
899

Write-offs charged against the allowance for credit losses
 
—

 
—

Recoveries
 
—

 
—

Allowance for credit losses, end of period
 
$
2,396

 
$
2,396

1See Note 2. "Adoption of Accounting Pronouncements" for additional information regarding our adoption of ASU 2016-13.
Schedule of List Of Direct, Assumed, And Ceded Reinsurance Amounts
 
 
Quarter ended June 30,
 
Six Months ended June 30,
($ in thousands)
 
2020
 
2019
 
2020
 
2019
Premiums written:
 
 

 
 

 
 

 
 

Direct
 
$
834,643

 
807,367

 
$
1,581,074

 
1,573,761

Assumed
 
6,410

 
5,333

 
12,453

 
11,888

Ceded
 
(116,301
)
 
(111,303
)
 
(221,448
)
 
(211,305
)
Net
 
$
724,752

 
701,397

 
$
1,372,079

 
1,374,344

Premiums earned:
 
 

 
 

 
 

 
 

Direct
 
$
733,647

 
740,348

 
$
1,488,538

 
1,468,385

Assumed
 
6,055

 
5,742

 
12,228

 
12,304

Ceded
 
(109,031
)
 
(103,471
)
 
(218,392
)
 
(205,497
)
Net
 
$
630,671

 
642,619

 
$
1,282,374

 
1,275,192

Loss and loss expenses incurred:
 
 

 
 

 
 

 
 

Direct
 
$
451,013

 
435,700

 
$
876,808

 
860,357

Assumed
 
4,300

 
4,348

 
9,198

 
9,613

Ceded
 
(51,364
)
 
(59,064
)
 
(81,733
)
 
(102,407
)
Net
 
$
403,949

 
380,984

 
$
804,273

 
767,563
COVID 19 Impact [Table Text Block]
COVID-19 Impact
 
Quarter ended June 30, 2020
 
Six Months ended June 30, 2020
($ in thousands)
 
Premium Audit
 
Premium Credit
 
Total
 
Premium Audit
 
Property
IBNR
 
Premium Credit
 
Total
Direct premiums written
 
$
—

 
(19,740
)
 
(19,740
)
 
$
(75,000
)
 
—

 
(19,740
)
 
(94,740
)
Direct premiums earned
 
(31,824
)
 
(19,740
)
 
(51,564
)
 
(48,333
)
 
—

 
(19,740
)
 
(68,073
)
Direct loss and loss expenses incurred
 
(18,198
)
 
(19,740
)
 
(37,938
)
 
(28,073
)
 
10,000

 
(19,740
)
 
(37,813
)
Schedule of Ceded Premiums and Losses Related to Flood Operations
Ceded to NFIP
 
Quarter ended June 30,
 
Six Months ended June 30,
($ in thousands)
 
2020
 
2019
 
2020
 
2019
Ceded premiums written
 
$
(74,187
)
 
(71,574
)
 
$
(136,274
)
 
(131,587
)
Ceded premiums earned
 
(67,369
)
 
(63,804
)
 
(134,230
)
 
(126,067
)
Ceded loss and loss expenses incurred
 
(12,991
)
 
(21,063
)
 
(18,087
)
 
(34,749
)