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Reinsurance (Tables)
 3 Months Ended
Mar. 31, 2022
Reinsurance Disclosures [Abstract]  
Schedule of Ratings from Rating Agencies and Unsecured Amounts Due from Reinsurers Exceeded 3% of Stockholders' Equity
The following table presents ratings from rating agencies and the unsecured amounts due from the reinsurers whose aggregate balance exceeded 3% of the Company’s stockholders’ equity as of the dates presented (in thousands):
 Ratings as of March 31, 2022Due from as of
ReinsurerAM Best
Company		Standard
and Poor’s
Rating
Services, Inc.		Moody’s
Investors Service, Inc.		March 31, 2022December 31, 2021
Florida Hurricane Catastrophe Fund (1)n/an/an/a$49,707 $136,298 
Allianz Risk TransferA+AA-Aa345,579 — 
Allianz Risk Transfer (Bermuda) Ltd.A+AA-Aa325,724 44,618 
Renaissance Reinsurance Ltd.A+A+A112,075 20,051 
Total (2)$133,085 $200,967 
(1)No rating is available because the fund is not rated.
(2)Amounts represent prepaid reinsurance premiums and net recoverables for paid and unpaid losses, including incurred but not reported reserves, and loss adjustment expenses.
Schedule of Effects of Reinsurance Arrangements
The Company’s reinsurance arrangements had the following effect on certain items in the Condensed Consolidated Statements of Income for the periods presented (in thousands):
Three Months Ended March 31,
20222021
Premiums
Written		Premiums
Earned		Losses and Loss
Adjustment
Expenses		Premiums
Written		Premiums
Earned		Losses and Loss
Adjustment
Expenses
Direct$396,481 $414,603 $195,155 $365,314 $375,606 $237,298 
Ceded(13,946)(145,539)(10,049)(16,800)(132,301)(93,335)
Net$382,535 $269,064 $185,106 $348,514 $243,305 $143,963 
Schedule of Prepaid Reinsurance Premiums and Reinsurance Recoverable and Receivable
The following prepaid reinsurance premiums and reinsurance recoverable are reflected in the Condensed Consolidated Balance Sheets as of the dates presented (in thousands):
March 31,December 31,
20222021
Prepaid reinsurance premiums$109,401 $240,993 
Reinsurance recoverable on paid losses and LAE$39,257 $69,729 
Reinsurance recoverable on unpaid losses and LAE65,403 115,860 
Reinsurance recoverable$104,660 $185,589