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Reinsurance (Tables)
 6 Months Ended
Jun. 30, 2024
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 June 30, 2024Due from as of
ReinsurerAM Best
Company		Standard
and Poor’s
Rating
Services, Inc.		Moody’s
Investors Service, Inc.		June 30, 2024December 31, 2023
Florida Hurricane Catastrophe Fund “FHCF” (1)n/an/an/a$15,660 91,275 
Various Lloyd’s of London Syndicates (2)AAA-n/a— 22,832 
Total (3)
$15,660 $114,107 
(1)No rating is available, because the fund is not rated.
(2)No rating available for Moody’s Investors Service, Inc.
(3)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 June 30,
20242023
Premiums
Written		Premiums
Earned		Losses and Loss
Adjustment
Expenses		Premiums
Written		Premiums
Earned		Losses and Loss
Adjustment
Expenses
Direct$578,267 $490,649 $253,613 $547,126 $463,324 $253,079 
Ceded(632,813)(145,691)(10,041)(561,480)(160,050)(29,352)
Net$(54,546)$344,958 $243,572 $(14,354)$303,274 $— $223,727 
Six Months Ended June 30,
20242023
Premiums
Written		Premiums
Earned		Losses and Loss
Adjustment
Expenses		Premiums
Written		Premiums
Earned		Losses and Loss
Adjustment
Expenses
Direct$1,024,446 $972,721 $493,932 $957,228 $918,692 $461,301 
Ceded(633,104)(293,738)(10,173)(576,256)(333,194)(31,420)
Net$391,342 $678,983 $483,759 $380,972 $585,498 $429,881 
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):
June 30,December 31,
20242023
Prepaid reinsurance premiums$575,620 $236,254 
Reinsurance recoverable on paid losses and LAE$97,779 $35,667 
Reinsurance recoverable on unpaid losses and LAE33,121 183,435 
Reinsurance recoverable$130,900 $219,102