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RETROCESSION (Tables)
 6 Months Ended
Jun. 30, 2025
Reinsurance Disclosures [Abstract]  
Schedule of Ceded Credit Risk
The following table provides a breakdown of ceded reinsurance:
Three months ended June 30Six months ended June 30
2025202420252024
Gross ceded premiums$15,101 $14,832 $43,649 $38,013 
Earned ceded premiums$17,309 $11,849 $36,601 $27,091 
Loss and loss adjustment expenses ceded$9,006 $14,773 $15,662 $37,849 
Schedule of Effects of Reinsurance
The following table shows a breakdown of losses recoverable on a gross and net of collateral basis:

June 30, 2025December 31, 2024
 
Gross
Net of Collateral(1)
Gross
Net of Collateral(1)
A- or better by A.M. Best
$91,323 $73,941 $82,181 $63,979 
Not rated
3,148 556 4,109 2,027 
Total before provision
$94,471 $74,497 $86,290 $66,006 
Provision for credit losses
(500)(500)
Total loss and loss adjustment expenses recoverable, net
$93,971 $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.