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Reinsurance (Tables) | 6 Months Ended
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Jun. 30, 2024
Reinsurance [Abstract] |
Schedule of Reconciliation of Direct to Net Premiums on Both a Written and an Earned Basis | A reconciliation of direct to net premiums on both a written and an earned basis, presented on a consolidated basis, including both continuing and discontinued operations, is as follows:
|  | Three Months Ended June 30, 2024 |  |  | Three Months Ended June 30, 2023 |
|  | Premiums Written |  |  | Premiums Earned |  |  | Premiums Written |  |  | Premiums Earned |
Direct premium |  | $ | 140,488 |  |  | $ | 111,082 |  |  | $ | 144,250 |  |  | $ | 106,162 |
Assumed premium |  |  | 2,340 |  |  |  | 653 |  |  |  | 2,440 |  |  |  | 827 |
Ceded premium |  |  | (16,265 | ) |  |  | (11,183 | ) |  |  | (20,439 | ) |  |  | (12,843 | )
Net premiums |  | $ | 126,563 |  |  | $ | 100,552 |  |  | $ | 126,251 |  |  | $ | 94,146 |
|  | Six Months Ended June 30, 2024 |  |  | Six Months Ended June 30, 2023 |
|  | Premiums Written |  |  | Premiums Earned |  |  | Premiums Written |  |  | Premiums Earned |
Direct premium |  | $ | 243,145 |  |  | $ | 205,982 |  |  | $ | 234,806 |  |  | $ | 191,636 |
Assumed premium |  |  | 2,477 |  |  |  | 804 |  |  |  | 2,839 |  |  |  | 1,403 |
Ceded premium |  |  | (26,072 | ) |  |  | (20,677 | ) |  |  | (28,898 | ) |  |  | (21,266 | )
Net premiums |  | $ | 219,550 |  |  | $ | 186,109 |  |  | $ | 208,747 |  |  | $ | 171,773 |
|  | Three Months Ended June 30, 2024 |  |  | Three Months Ended June 30, 2023 |
|  | Premiums Written |  |  | Premiums Earned |  |  | Premiums Written |  |  | Premiums Earned |
Continuing operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct premium |  | $ | 118,472 |  |  | $ | 91,500 |  |  | $ | 121,576 |  |  | $ | 86,622 |
Assumed premium |  |  | 2,340 |  |  |  | 653 |  |  |  | 2,440 |  |  |  | 827 |
Ceded premium |  |  | (11,663 | ) |  |  | (6,984 | ) |  |  | (15,984 | ) |  |  | (8,614 | )
Net premiums |  | $ | 109,149 |  |  | $ | 85,169 |  |  | $ | 108,032 |  |  | $ | 78,835 |
|  | Three Months Ended June 30, 2024 |  |  | Three Months Ended June 30, 2023 |
|  | Premiums Written |  |  | Premiums Earned |  |  | Premiums Written |  |  | Premiums Earned |
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct premium |  | $ | 22,016 |  |  | $ | 19,582 |  |  | $ | 22,674 |  |  | $ | 19,540 |
Assumed premium |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Ceded premium |  |  | (4,602 | ) |  |  | (4,199 | ) |  |  | (4,455 | ) |  |  | (4,229 | )
Net premiums |  | $ | 17,414 |  |  | $ | 15,383 |  |  | $ | 18,219 |  |  | $ | 15,311 |
|  | Six Months Ended June 30, 2024 |  |  | Six Months Ended June 30, 2023 |
|  | Premiums Written |  |  | Premiums Earned |  |  | Premiums Written |  |  | Premiums Earned |
Continuing operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct premium |  | $ | 201,513 |  |  | $ | 166,899 |  |  | $ | 193,948 |  |  | $ | 153,292 |
Assumed premium |  |  | 2,477 |  |  |  | 804 |  |  |  | 2,839 |  |  |  | 1,403 |
Ceded premium |  |  | (17,329 | ) |  |  | (12,650 | ) |  |  | (20,359 | ) |  |  | (12,989 | )
Net premiums |  | $ | 186,661 |  |  | $ | 155,053 |  |  | $ | 176,428 |  |  | $ | 141,706 |
|  | Six Months Ended June 30, 2024 |  |  | Six Months Ended June 30, 2023 |
|  | Premiums Written |  |  | Premiums Earned |  |  | Premiums Written |  |  | Premiums Earned |
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct premium |  | $ | 41,632 |  |  | $ | 39,083 |  |  | $ | 40,858 |  |  | $ | 38,344 |
Assumed premium |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Ceded premium |  |  | (8,743 | ) |  |  | (8,027 | ) |  |  | (8,539 | ) |  |  | (8,277 | )
Net premiums |  | $ | 32,889 |  |  | $ | 31,056 |  |  | $ | 32,319 |  |  | $ | 30,067 |
Schedule of Reconciliation of Direct to Net Losses and Loss Adjustment Expenses | A reconciliation of direct to net losses and loss adjustment expenses, presented on a consolidated basis, including both continuing and discontinued operations, is as follows:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Direct losses and loss adjustment expenses |  | $ | 88,568 |  |  | $ | 95,149 |  |  | $ | 143,222 |  |  | $ | 166,010 |
Assumed losses and loss adjustment expenses |  |  | 224 |  |  |  | 67 |  |  |  | 269 |  |  |  | 157 |
Ceded losses and loss adjustment expenses |  |  | (7,993 | ) |  |  | (17,710 | ) |  |  | (10,483 | ) |  |  | (29,836 | )
Net losses and loss adjustment expenses |  | $ | 80,799 |  |  | $ | 77,506 |  |  | $ | 133,008 |  |  | $ | 136,331 |
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Continuing operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct losses and loss adjustment expenses |  | $ | 73,350 |  |  | $ | 66,211 |  |  | $ | 114,869 |  |  | $ | 108,164 |
Assumed losses and loss adjustment expenses |  |  | 224 |  |  |  | 67 |  |  |  | 269 |  |  |  | 157 |
Ceded losses and loss adjustment expenses |  |  | (4,216 | ) |  |  | (6,201 | ) |  |  | (5,636 | ) |  |  | (7,119 | )
Net losses and loss adjustment expenses |  | $ | 69,358 |  |  | $ | 60,077 |  |  | $ | 109,502 |  |  | $ | 101,202 |
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct losses and loss adjustment expenses |  | $ | 15,218 |  |  | $ | 28,938 |  |  | $ | 28,353 |  |  | $ | 57,846 |
Assumed losses and loss adjustment expenses |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Ceded losses and loss adjustment expenses |  |  | (3,777 | ) |  |  | (11,509 | ) |  |  | (4,847 | ) |  |  | (22,717 | )
Net losses and loss adjustment expenses |  | $ | 11,441 |  |  | $ | 17,429 |  |  | $ | 23,506 |  |  | $ | 35,129 |
Schedule of Pooling Share Percentages by Insurance Company | For the six months ended June 30, 2024, and the year ended December 31, 2023, the pooling share percentages by insurance company were:
|  | Pool Percentage |
Nodak Insurance Company |  |  | 66.0% |
American West Insurance Company |  |  | 7.0% |
Primero Insurance Company |  |  | 3.0% |
Battle Creek Insurance Company |  |  | 2.0% |
Direct Auto Insurance Company |  |  | 13.0% |
Westminster American Insurance Company |  |  | 9.0% |
Total |  |  | 100.0% |

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