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v3.23.1

Reinsurance (Tables) | 3 Months Ended
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Mar. 31, 2023
Reinsurance Disclosures [Abstract] |
Reinsurance Recoverable, Credit Quality Indicator [Table Text Block] |
|  | March 31, 2023
($ in thousands) |  | Current |  | Past Due |  | Total Reinsurance Recoverables
Financial strength rating of rated reinsurers |  |  |  |  |  |
A++ |  | $ | 80,787 |  |  | $ | 356 |  |  | $ | 81,143 |
A+ |  | 346,898 |  |  | 3,825 |  |  | 350,723 |
A |  | 119,936 |  |  | 1,963 |  |  | 121,899 |
A- |  | 3,686 |  |  | 89 |  |  | 3,775 |
Total rated reinsurers |  | $ | 551,307 |  |  | $ | 6,233 |  |  | $ | 557,540 |
Non-rated reinsurers |  |  |  |  |  |
Federal and state pools |  | $ | 104,500 |  |  | $ | — |  |  | $ | 104,500 |
Other than federal and state pools |  | 6,805 |  |  | 497 |  |  | 7,302 |
Total non-rated reinsurers |  | $ | 111,305 |  |  | $ | 497 |  |  | $ | 111,802 |
Total reinsurance recoverable, gross |  | $ | 662,612 |  |  | $ | 6,730 |  |  | $ | 669,342 |
Less: allowance for credit losses |  |  |  |  |  | (2,300) |
Total reinsurance recoverable, net |  |  |  |  |  | $ | 667,042 |
|  | December 31, 2022
($ in thousands) |  | Current |  | Past Due |  | Total Reinsurance Recoverables
Financial strength rating of rated reinsurers |  |  |  |  |  |
A++ |  | $ | 46,282 |  |  | $ | 1 |  |  | $ | 46,283 |
A+ |  | 425,395 |  |  | 3,191 |  |  | 428,586 |
A |  | 106,102 |  |  | 1,315 |  |  | 107,417 |
A- |  | 7,148 |  |  | 89 |  |  | 7,237 |
Total rated reinsurers |  | $ | 584,927 |  |  | $ | 4,596 |  |  | $ | 589,523 |
Non-rated reinsurers |  |  |  |  |  |
Federal and state pools |  | $ | 180,794 |  |  | $ | — |  |  | $ | 180,794 |
Other than federal and state pools |  | 13,678 |  |  | 415 |  |  | 14,093 |
Total non-rated reinsurers |  | $ | 194,472 |  |  | $ | 415 |  |  | $ | 194,887 |
Total reinsurance recoverable, gross |  | $ | 779,399 |  |  | $ | 5,011 |  |  | $ | 784,410 |
Less: allowance for credit losses |  |  |  |  |  | (1,600) |
Total reinsurance recoverable, net |  |  |  |  |  | $ | 782,810 |
Reinsurance Recoverable, Allowance for Credit Loss [Table Text Block] |
($ in thousands) |  | Quarter ended March 31, |  |
|  | 2023 |  | 2022 |  |  |  |
Balance at beginning of period |  | $ | 1,600 |  |  | 1,600 |  |  |  |  |
Current period change for expected credit losses |  | 700 |  |  | — |  |  |  |  |
Write-offs charged against the allowance for credit losses |  | — |  |  | — |  |  |  |  |
Recoveries |  | — |  |  | — |  |  |  |  |
Allowance for credit losses, end of period |  | $ | 2,300 |  |  | 1,600 |  |  |  |  |
Schedule of List Of Direct, Assumed, And Ceded Reinsurance Amounts |
|  | Quarter ended March 31, |  |
($ in thousands) |  | 2023 |  | 2022 |  |  |  |
Premiums written: |  |  |  |  |  |  |  |
Direct |  | $ | 1,132,760 |  |  | 1,001,049 |  |  |  |  |
Assumed |  | 5,394 |  |  | 5,314 |  |  |  |  |
Ceded |  | (138,386) |  |  | (116,565) |  |  |  |  |
Net |  | $ | 999,768 |  |  | 889,798 |  |  |  |  |
Premiums earned: |  |  |  |  |  |  |  |
Direct |  | $ | 1,032,228 |  |  | 931,376 |  |  |  |  |
Assumed |  | 6,290 |  |  | 5,528 |  |  |  |  |
Ceded |  | (136,182) |  |  | (124,621) |  |  |  |  |
Net |  | $ | 902,336 |  |  | 812,283 |  |  |  |  |
Loss and loss expenses incurred: |  |  |  |  |  |  |  |
Direct |  | $ | 613,229 |  |  | 528,588 |  |  |  |  |
Assumed |  | 5,255 |  |  | 4,278 |  |  |  |  |
Ceded |  | (51,046) |  |  | (38,630) |  |  |  |  |
Net |  | $ | 567,438 |  |  | 494,236 |  |  |  |  |

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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 https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
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- Definition 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 https://asc.fasb.org/extlink&oid=124255953&loc=SL82919230-210447 + Details
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