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Reinsurance (Tables) | 12 Months Ended
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Dec. 31, 2022
Reinsurance |
Schedule of ceded written premiums under quota share arrangements by line of business for certain quota shares | ​
The following table shows ceded written premiums under fronting and quota share arrangements by line of business for the years ended December 31, 2022, 2021 and 2020: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ |  | 2022 |  | 2021 |  | 2020
​ |  | (in thousands)
Fronting | ​ | $ | 237,285 | ​ | $ | 11,001 | ​ | $ | —
Inland Marine | ​ | ​ | 63,627 | ​ | ​ | 28,389 | ​ | ​ | 5,339
Specialty Homeowners | ​ |  | 4,946 | ​ |  | 27,394 | ​ |  | 22,295
Commercial Earthquake | ​ | ​ | 20,467 | ​ | ​ | 14,447 | ​ | ​ | 6,929
Commercial All Risk | ​ |  | 6,260 | ​ |  | 3,948 | ​ |  | 19,218
Others | ​ | ​ | 32,609 | ​ | ​ | 10,822 | ​ | ​ | 5,495
Total | ​ | $ | 365,193 | ​ | $ | 96,001 | ​ | $ | 59,276
Schedule of effect of reinsurance on premiums written and earned and on losses and LAE incurred | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2022 | ​ | 2021 | ​ | 2020
​ |  | Written |  | Earned |  | Written |  | Earned |  | Written |  | Earned
​ | ​ | (in thousands)
Premiums Written and Earned: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Direct | ​ | $ | 816,387 | ​ | $ | 628,973 | ​ | $ | 467,424 | ​ | $ | 384,463 | ​ | $ | 324,253 | ​ | $ | 271,887
Assumed | ​ |  | 65,481 | ​ |  | 66,299 | ​ |  | 67,751 | ​ |  | 49,535 | ​ |  | 30,107 | ​ |  | 29,569
Ceded | ​ |  | (524,575) | ​ |  | (378,806) | ​ |  | (223,443) | ​ |  | (200,172) | ​ |  | (155,102) | ​ |  | (146,388)
Net | ​ | $ | 357,293 | ​ | $ | 316,466 | ​ | $ | 311,732 | ​ | $ | 233,826 | ​ | $ | 199,258 | ​ | $ | 155,068
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2022
​ |  | Losses |  | LAE |  | Total
​ | ​ | (in thousands)
Losses and LAE Incurred: |  | ​ |  |  | ​ |  |  | ​ |
Direct | ​ | $ | 133,517 | ​ | $ | 38,004 | ​ | $ | 171,521
Assumed | ​ |  | 23,574 | ​ |  | 5,998 | ​ |  | 29,572
Ceded | ​ |  | (91,261) | ​ |  | (31,159) | ​ |  | (122,421)
Net | ​ | $ | 65,829 | ​ | $ | 12,843 | ​ | $ | 78,672
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2021
​ |  | Losses |  | LAE |  | Total
​ | ​ | (in thousands)
Losses and LAE Incurred: |  | ​ |  |  | ​ |  |  | ​ |
Direct | ​ | $ | 168,292 | ​ | $ | 13,295 | ​ | $ | 181,587
Assumed | ​ |  | 17,184 | ​ |  | 1,926 | ​ |  | 19,110
Ceded | ​ |  | (148,106) | ​ |  | (11,134) | ​ |  | (159,240)
Net | ​ | $ | 37,370 | ​ | $ | 4,087 | ​ | $ | 41,457
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2020
​ |  | Losses |  | LAE |  | Total
​ | ​ | (in thousands)
Losses and LAE Incurred: |  | ​ |  |  | ​ |  |  | ​ |
Direct | ​ | $ | 145,774 | ​ | $ | 18,777 | ​ | $ | 164,551
Assumed | ​ |  | 3,485 | ​ |  | 159 | ​ |  | 3,644
Ceded | ​ |  | (91,969) | ​ |  | (12,111) | ​ |  | (104,080)
Net | ​ | $ | 57,290 | ​ | $ | 6,825 | ​ | $ | 64,115
​

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- Definition Tabular disclosure of reinsurer or group of reinsurers for whom the entity has a concentration of credit risk. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 825 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=123600520&loc=SL75241803-196195 + Details
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