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Reinsurance (Tables)

3 Months Ended

Mar. 31, 2021

Reinsurance Disclosures [Abstract]

Reinsurance Recoverable, Credit Quality Indicator [Table Text Block]

						March 31, 2021
($ in thousands)						Current						Past Due						Total Reinsurance Recoverables
Financial strength rating of rated reinsurers1
A++						$	37,939					$	108					$	38,047
A+						352,386						4,032						356,418
A						105,068						387						105,455
A-						2,177						—						2,177
B++						117						264						381
B+						—						—						—
Total rated reinsurers						$	497,687					$	4,791					$	502,478
Non-rated reinsurers
Federal and state pools						$	76,179					$	—					$	76,179
Other than federal and state pools						3,179						860						4,039
Total non-rated reinsurers						$	79,358					$	860					$	80,218
Total reinsurance recoverable, gross						$	577,045					$	5,651					$	582,696
Less: allowance for credit losses2																		(1,840)
Total reinsurance recoverable, net																		$	580,856

1Credit ratings as of March 31, 2021.

2Represents our current expectation of credit losses on total current and past due reinsurance recoverables, and is not identifiable by reinsurer.

						December 31, 2020
($ in thousands)						Current						Past Due						Total Reinsurance Recoverables
Financial strength rating of rated reinsurers1
A++						$	37,464					$	102					$	37,566
A+						354,846						2,452						357,298
A						105,652						415						106,067
A-						2,139						—						2,139
B++						56						324						380
B+						—						—						—
Total rated reinsurers						$	500,157					$	3,293					$	503,450
Non-rated reinsurers
Federal and state pools						$	82,575					$	—					$	82,575
Other than federal and state pools						2,676						568						3,244
Total non-rated reinsurers						$	85,251					$	568					$	85,819
Total reinsurance recoverable, gross						$	585,408					$	3,861					$	589,269
Less: allowance for credit losses2																		(1,777)
Total reinsurance recoverable, net																		$	587,492

Reinsurance Recoverable, Allowance for Credit Loss [Table Text Block]

($ in thousands)						Quarter ended March 31,
						2021						2020
Balance at beginning of period						$	1,777					$	4,400
Cumulative effect adjustment1						—						(2,903)
Balance at beginning of period, as adjusted						$	1,777					$	1,497
Current period provision for expected credit losses						63						5
Write-offs charged against the allowance for credit losses						—						—
Recoveries						—						—
Allowance for credit losses, end of period						$	1,840					1,502

1Represents the impact of our adoption of ASU 2016-13, Financial Instruments - Credit Losses.

Schedule of List Of Direct, Assumed, And Ceded Reinsurance Amounts

						Quarter ended March 31,
($ in thousands)						2021						2020
Premiums written:
Direct						$	908,774					746,431
Assumed						5,533						6,043
Ceded						(116,129)						(105,147)
Net						$	798,178					647,327
Premiums earned:
Direct						$	837,369					754,892
Assumed						5,676						6,173
Ceded						(118,085)						(109,362)
Net						$	724,960					651,703
Loss and loss expenses incurred:
Direct						$	441,507					425,795
Assumed						3,447						4,898
Ceded						(31,553)						(30,369)
Net						$	413,401					400,324

Schedule of Ceded Premiums and Losses Related to Flood Operations

Ceded to NFIP						Quarter ended March 31,
($ in thousands)						2021						2020
Ceded premiums written						$	(65,742)					(62,087)
Ceded premiums earned						(67,519)						(66,861)
Ceded loss and loss expenses incurred						(2,207)						(5,096)

X

- Definition

This table discloses the premiums and losses and loss expenses that are ceded to the National Flood Insurance Program.

+ References

No definition available.

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Tabular disclosure of the effects of reinsurance, for example, but not limited to, disclosure of direct, assumed, and ceded insurance.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 605
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6486672&loc=d3e27261-158547

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- Definition

Tabular disclosure of allowance for credit loss on reinsurance recoverable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919249-210447

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Tabular disclosure of credit quality indicator for reinsurance recoverable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919230-210447

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