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Reinsurance (Tables)

12 Months Ended

Dec. 31, 2022

Reinsurance

Schedule of ceded written premiums under quota share arrangements by line of business for certain quota shares

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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

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2022

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2021

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2020

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Written

Earned

Written

Earned

Written

Earned

​

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(in thousands)

Premiums Written and Earned:

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​

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Direct

​

$

816,387

​

$

628,973

​

$

467,424

​

$

384,463

​

$

324,253

​

$

271,887

Assumed

​

65,481

​

66,299

​

67,751

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49,535

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30,107

​

29,569

Ceded

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(524,575)

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(378,806)

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(223,443)

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(200,172)

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(155,102)

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(146,388)

Net

​

$

357,293

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$

316,466

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$

311,732

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$

233,826

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$

199,258

​

$

155,068

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​	​	​	​	​	​	​	​	​	​
​	​	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

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​	​	​	​	​	​	​	​	​	​
​	​	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

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​	​	​	​	​	​	​	​	​	​
​	​	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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X

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 605
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6486672&loc=d3e27261-158547

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- References

No definition available.

+ Details

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X

- 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

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