GEOGRAPHICAL BREAKDOWN OF GROSS PREMIUMS WRITTEN (Tables)

6 Months Ended

Jun. 30, 2024

Schedule of Direct and Assumed Premiums Written

The following table reflects amounts affecting the condensed consolidated statements of operations and comprehensive loss for reinsurance for the three and six months ended June 30, 2024 and 2023:


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(dollars in millions)










Premiums written:
Direct	$	250.1	$	128.1	$	523.0	$	251.9
Assumed	58.1		16.9		115.9		27.8
Ceded	(44.6)		(67.2)		(91.3)		(137.1)
Net premiums written	$	263.6	$	77.8	$	547.6	$	142.6
Premiums earned:
Direct	$	252.7	$	120.2	$	481.1	$	240.3
Assumed	55.3		11.3		101.9		21.3
Ceded	(46.4)		(67.6)		(91.1)		(137.7)
Net premiums earned	$	261.6	$	63.9	$	491.9	$	123.9
Losses and LAE incurred:
Direct	$	173.6	$	90.5	$	335.8	$	190.3
Assumed	45.1		8.7		76.6		16.4
Ceded	(28.4)		(39.7)		(55.7)		(83.9)
Net losses and LAE incurred	$	190.3	$	59.5	$	356.7	$	122.8

Gross premiums written by state is as follows for the three and six months ended June 30, 2024 and 2023:


	Three Months Ended June 30,								Six Months Ended June 30,
	2024				2023				2024				2023
	Amount		% of Total		Amount		% of Total		Amount		% of Total		Amount		% of Total
	(dollars in millions)
State:
Texas	$	61.7	20.0	%	$	23.8	16.4	%	$	123.3	19.3	%	$	43.3	15.5	%
Georgia	41.1		13.3		15.8		10.9		80.5		12.6		29.7		10.6
Florida	28.4		9.2		2.0		1.4		44.0		6.9		3.8		1.4
Colorado	17.3		5.6		11.9		8.2		35.5		5.6		22.5		8.0
Pennsylvania	17.8		5.8		7.6		5.2		35.3		5.5		16.9		6.0
South Carolina	9.6		3.1		10.6		7.3		31.6		4.9		16.8		6.0
Arizona	12.7		4.1		6.0		4.1		26.6		4.2		10.7		3.8
Ohio	8.6		2.8		4.9		3.4		20.1		3.1		8.6		3.1
Maryland	7.1		2.3		3.0		2.1		17.9		2.8		6.3		2.3
Utah	7.3		2.4		7.4		5.1		16.1		2.5		14.6		5.2
All others states	96.6		31.4		52.0		35.9		208.0		32.6		106.5		38.1
Total	$	308.2	100.0	%	$	145.0	100.0	%	$	638.9	100.0	%	$	279.7	100.0	%