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Reinsurance (Tables)
9 Months Ended
Sep. 30, 2024
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Abstract]  
Schedule of Premiums Assumed and the Change in Unearned Premiums
The following table presents Hagerty Re's total premiums assumed and ceded on a written and earned basis for the three and nine months ended September 30, 2024 and 2023:

Three months ended
September 30,
Nine months ended
September 30,
2024202320242023
in thousands
Premiums:
Assumed$199,721 $178,319 $574,742 $498,962 
Ceded(9,906)(5,838)(42,875)(28,107)
Net$189,815 $172,481 $531,867 $470,855 
Premiums earned:
Assumed$176,611 $146,004 $506,398 $398,524 
Ceded(10,925)(6,219)(31,481)(14,026)
Net$165,686 $139,785 $474,917 $384,498 
Schedule of Effects of Reinsurance on Losses and Loss Adjustment Expenses
The following table presents gross, ceded, and net losses and loss adjustment expenses incurred for the three and nine months ended September 30, 2024 and 2023:

Three months ended
September 30,
Nine months ended
September 30,
2024202320242023
in thousands
Gross losses and loss adjustment expenses$101,254 $58,014 $235,390 $159,791 
Ceded losses and loss adjustment expenses(1,824)(529)(8,875)(330)
Net losses and loss adjustment expenses$99,430 $57,485 $226,515 $159,461