XML 141 R30.htm IDEA: XBRL DOCUMENT v3.25.3
RETROCESSION (Tables)
 9 Months Ended
Sep. 30, 2025
Reinsurance Disclosures [Abstract]  
Schedule of Ceded Credit Risk
The following table provides a breakdown of ceded reinsurance:
Three months ended September 30Nine months ended September 30
2025202420252024
Gross ceded premiums$21,695 $26,598 $65,344 $64,611 
Earned ceded premiums$22,181 $19,512 $58,782 $46,603 
Loss and loss adjustment expenses ceded (1)
$(2,546)$10,070 $13,116 $47,919 
(1) For the three months ended September 30, 2025, the negative balance reflects the reversal of previously recognized estimated loss recoverable due to the decrease in loss ratio for certain inward quota share reinsurance.
Schedule of Effects of Reinsurance
The following table shows a breakdown of reinsurance recoverable on unpaid losses and loss adjustment expenses, on a gross and net of collateral basis:
September 30, 2025December 31, 2024
 
Gross
Net of Collateral(1)
Gross
Net of Collateral(1)
A- or better by A.M. Best
$79,843 $71,695 $82,181 $63,979 
Not rated
3,440 326 4,109 2,027 
Total before provision
$83,283 $72,021 $86,290 $66,006 
Provision for credit losses
(500)(500)
Total reinsurance recoverable, net$82,783 $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.