Reinsurance (Tables)

12 Months Ended

Dec. 31, 2021

Reinsurance recoverable at the balance sheet dates consists of the following:


	December 31,
	2021		2020
Reinsurance recoverable on unpaid losses and LAE	$	749,600	$	674,746
Reinsurance recoverable on paid losses and LAE	247,520		146,410
Reinsurance recoverable	$	997,120	$	821,156

Reinsurance, Effect on Operations

The following table depicts written premiums, earned premiums and losses, showing the effects that our reinsurance transactions have on these components of our Consolidated Statements of Comprehensive Loss:


	Year ended December 31,
	2021		2020		2019
Premium written:
Direct	$	1,329,129	$	1,411,558	$	1,278,504
Assumed	316		45,305		101,764
Ceded	(864,725)		(755,871)		(633,275)
Net premium written	$	464,720	$	700,992	$	746,993
Change in unearned premiums:
Direct	$	59,547	$	(66,483)	$	(59,660)
Assumed	19,451		16,600		12,918
Ceded	46,043		114,554		52,149
Net decrease (increase)	$	125,041	$	64,671	$	5,407
Premiums earned:
Direct	$	1,388,676	$	1,345,075	$	1,218,844
Assumed	19,767		61,905		114,682
Ceded	(818,682)		(641,317)		(581,126)
Net premiums earned	$	589,761	$	765,663	$	752,400
Losses and LAE incurred:
Direct	$	1,319,606	$	1,186,401	$	1,003,767
Assumed	13,969		67,119		44,914
Ceded	(911,441)		(645,204)		(549,188)
Net losses and LAE incurred	$	422,134	$	608,316	$	499,493

Reinsurance Effects On Unpaid Lossses, LAE and Unearned Premiums

The following table highlights the effects that our reinsurance transactions have on unpaid losses and loss adjustment expenses and unearned premiums in our Consolidated Balance Sheets:


	December 31,
	2021		2020		2019
Unpaid losses and LAE:
Direct	$	1,062,567	$	1,042,994	$	716,559
Assumed	21,883		46,972		43,798
Gross unpaid losses and LAE	1,084,450		1,089,966		760,357
Ceded	(749,600)		(674,746)		(482,315)
Net unpaid losses and LAE	$	334,850	$	415,220	$	278,042
Unearned premiums:
Direct	$	644,065	$	703,612	$	637,128
Assumed	875		20,326		36,927
Gross unearned premiums	644,940		723,938		674,055
Ceded	(430,631)		(384,588)		(270,034)
Net unearned premiums	$	214,309	$	339,350	$	404,021