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v3.25.1

General (Tables) | 3 Months Ended
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Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Effects of Reinsurance | The effect of reinsurance on property and casualty premiums written and earned was as follows:
| Three Months Ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
| (Amounts in thousands)
Premiums Written |  |  |  |  |  |  |
Direct | $ | 1,438,467 |  |  | $ | 1,294,475 |  |  |  |  |
Ceded | (156,795) |  |  | (31,299) |  |  |  |  |
Assumed | 25,733 |  |  | 15,159 |  |  |  |  |
Net | $ | 1,307,405 |  |  | $ | 1,278,335 |  |  |  |  |
Premiums Earned |  |  |  |  |  |  |
Direct | $ | 1,375,923 |  |  | $ | 1,186,585 |  |  |  |  |
Ceded | (106,694) |  |  | (31,079) |  |  |  |  |
Assumed | 6,529 |  |  | 3,863 |  |  |  |  |
Net | $ | 1,275,758 |  |  | $ | 1,159,369 |  |  |  |  |
Allowance for Credit Losses on Premium Receivable | The following table presents a summary of changes in allowance for credit losses on premiums receivable:
|  | Three Months Ended March 31, |  |
|  | 2025 |  | 2024 |  |  |  |
|  | (Amounts in thousands)
Beginning balance |  | $ | 6,400 |  |  | $ | 5,300 |  |  |  |  |
Provision during the period for expected credit losses |  | 825 |  |  | 1,116 |  |  |  |  |
Write-off amounts during the period |  | (927) |  |  | (813) |  |  |  |  |
Recoveries during the period of amounts previously written off |  | 302 |  |  | 197 |  |  |  |  |
Ending balance |  | $ | 6,600 |  |  | $ | 5,800 |  |  |  |  |
Reinsurance Recoverable, Allowance for Credit Loss | The following table presents a summary of changes in allowance for credit losses on reinsurance recoverables:
|  | Three Months Ended March 31, |  |
|  | 2025 |  | 2024 |  |  |  |
|  | (Amounts in thousands)
Beginning balance |  | $ | — |  |  | $ | 12 |  |  |  |  |
Provision during the period for expected credit losses |  | 1,192 |  |  | (12) |  |  |  |  |
Write-off amounts during the period |  | — |  |  | — |  |  |  |  |
Recoveries during the period of amounts previously written off |  | — |  |  | — |  |  |  |  |
Ending balance |  | $ | 1,192 |  |  | $ | — |  |  |  |  |

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- Definition 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 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 605 -Topic 944 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479032/944-605-50-1 + Details
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- Definition Tabular disclosure of allowance for credit loss on premium receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
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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 -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
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