XML 116 R85.htm IDEA: XBRL DOCUMENT v3.22.4
Reinsurance (Total Reinsurance Balances Segregated By Reinsurer) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Terrorism Risk Insurance Program Companys Estimated Deductible $ 480,000    
Terrorism Risk Insurance Program Reimbursed Percentage Maximum 80.00%    
Terrorism Risk Insurance Program Annual Cap $ 100,000,000    
Terrorism Risk Insurance Program Insurer Retainer 20.00%    
Reinsurance recoverable, net of allowance for credit losses $ 782,810 $ 600,068  
Total prepaid reinsurance premiums 172,371 183,007  
Total reinsurance balance 955,181 783,075  
Less: collateral [1] (126,167) (128,699)  
Reinsurance Recoverable, Allowance for Credit Loss (1,600) (1,600) $ (1,777)
National Flood Insurance Program [Member]      
Total reinsurance balance [2] $ 276,541 $ 223,845  
% of Net Reinsurance Balance [2] 29.00% 29.00%  
NJ Unsatisfied Claim Judgment Fund [Member]      
Total reinsurance balance [2] $ 45,496 $ 49,738  
% of Net Reinsurance Balance [2] 5.00% 6.00%  
Other Federal And State Pools [Member]      
Total reinsurance balance [2] $ 3,488 $ 2,385  
% of Net Reinsurance Balance [2] 0.00% 0.00%  
Total Federal And State Pools [Member]      
Total reinsurance balance [2] $ 325,525 $ 275,968  
% of Net Reinsurance Balance [2] 34.00% 35.00%  
Remaining Unsecured Reinsurance [Member]      
Total reinsurance balance $ 631,256 $ 508,707  
% of Net Reinsurance Balance 66.00% 65.00%  
Remaining Reinsurance, after Allowance for Credit Loss $ 629,656 $ 507,107  
Munich Re Group [Member]      
Total reinsurance balance $ 127,106 $ 108,381  
% of Net Reinsurance Balance 13.00% 14.00%  
Hanover Ruckversicherungs AG [Member]      
Total reinsurance balance $ 124,706 $ 107,110  
% of Net Reinsurance Balance 13.00% 14.00%  
AXIS Reinsurance Company [Member]      
Total reinsurance balance $ 70,957 $ 70,814  
% of Net Reinsurance Balance 8.00% 9.00%  
Swiss Re Group [Member]      
Total reinsurance balance $ 36,525 $ 29,186  
% of Net Reinsurance Balance 4.00% 4.00%  
Transatlantic Reinsurance Company [Member]      
Total reinsurance balance $ 32,730 $ 26,490  
% of Net Reinsurance Balance 3.00% 3.00%  
All Other Reinsurers [Member]      
Total reinsurance balance $ 239,232 $ 166,726  
% of Net Reinsurance Balance 25.00% 21.00%  
Remaining Unsecured Reinsurance, Net of Collateral [Member]      
Total reinsurance balance $ 503,489 $ 378,408  
[1] Includes letters of credit, trust funds, and funds held against reinsurance recoverables
[2] Considered to have minimal risk of default.