XML 44 R31.htm IDEA: XBRL DOCUMENT
v3.25.1

RETROCESSION (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Reinsurance Disclosures [Abstract] |
Schedule of Ceded Credit Risk | The following table provides a breakdown of ceded reinsurance:
|  | Three months ended March 31
|  | 2025 |  | 2024
Gross ceded premiums |  | $ | 28,548 |  |  | $ | 23,181 |
Earned ceded premiums |  | $ | 19,292 |  |  | $ | 15,242 |
Loss and loss adjustment expenses ceded |  | $ | 6,656 |  |  | $ | 23,076 |
Schedule of Effects of Reinsurance | The following table shows a breakdown of losses recoverable on a gross and net of collateral basis:
|  | March 31, 2025 |  | December 31, 2024
|  | Gross |  | Net of Collateral(1) |  | Gross |  | Net of Collateral(1)
A- or better by A.M. Best |  | $ | 84,122 |  |  | $ | 66,730 |  |  | $ | 82,181 |  |  | $ | 63,979 |
Not rated |  | 4,341 |  |  | 1,128 |  |  | 4,109 |  |  | 2,027 |
Total before provision |  | 88,463 |  |  | $ | 67,858 |  |  | $ | 86,290 |  |  | $ | 66,006 |
Provision for credit losses |  | (500) |  |  |  |  | (500) |  |  |
Total loss and loss adjustment expenses recoverable, net |  | $ | 87,963 |  |  |  |  | $ | 85,790 |  |  |
(1) Collateral is in the form of cash, letters of credit, funds withheld, and/or cash collateral held in trust accounts. This excludes any excess collateral in order to disclose the aggregate net exposure for each retrocessionaire.

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 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 605 -Topic 944 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479032/944-605-50-1 + Details
Name: | us-gaap_EffectsOfReinsuranceTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReinsuranceDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -SubTopic 825 -Topic 944 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477351/944-825-50-1B + Details
Name: | us-gaap_ScheduleOfCededCreditRiskByReinsurerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration