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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

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- References

No definition available.

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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

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