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Reinsurance (Tables)

12 Months Ended

Dec. 31, 2021

Reinsurance

Line of Business

		Treaty Year
		(2021/2023 Treaty)																(2019/2020 Treaty)
		July 1,				December 31,				July 1,				December 31,				July 1,				December 15,
		2022				2021				2021				2020				2020				2019
		to				to				to				to				to				to
		January 1,				June 30,				December 30,				June 30,				December 30,				Jume 30,
Line of Business		2023				2022				2021				2021				2020				2020
Personal Lines:
Homeowners, dwelling fire and and canine legal liability
Quota share treaty:
Percent ceded			30	%			30	%			None	(7)			None	(7)			25	%			25	%
Risk retained on intial $1,000,000 of losses (7) (9)		$	700,000			$	700,000			$	1,000,000			$	1,000,000			$	750,000			$	750,000
Losses per occurrence subject to quota share reinsurance coverage		$	1,000,000			$	1,000,000				None	(7)			None	(7)		$	1,000,000			$	1,000,000
Expiration date			January 1, 2023				January 1, 2023				NA	(7)			NA	(7)			December 30, 2020				December 30, 2020
Excess of loss coverage and facultative facility coverage (1) (9) (10)		$	400,000			$	8,400,000			$	8,000,000			$	8,000,000			$	8,000,000			$	9,000,000
			in excess of				in excess of				in excess of				in excess of				in excess of				in excess of
		$	600,000			$	600,000			$	1,000,000			$	1,000,000			$	1,000,000			$	1,000,000
Total reinsurance coverage per occurrence (7) (9) (10)		$	500,000			$	8,500,000			$	8,000,000			$	8,000,000			$	8,250,000			$	9,250,000
Losses per occurrence subject to reinsurance coverage (7) (10)		$	1,000,000			$	9,000,000			$	9,000,000			$	9,000,000			$	9,000,000			$	10,000,000
Expiration date				(10)			June 30, 2022				June 30, 2022				June 30, 2021				June 30, 2021				June 30, 2020
Catastrophe Reinsurance:
Initial loss subject to personal lines quota share treaty			10,000,000				10,000,000				None	(7)			None	(7)			7,500,000				7,500,000
Risk retained per catastrophe occurrence (2) (7) (11)			None	(10)		$	7,400,000			$	10,000,000			$	10,000,000			$	8,125,000			$	5,625,000
Catastrophe loss coverage in excess of quota share coverage (3) (7)			None	(10)		$	490,000,000			$	490,000,000			$	475,000,000			$	475,000,000			$	602,500,000
Catastrophe stub coverage for the period from October 18, 2021 through December 31, 2021 (8)			NA				NA			$	5,000,000				NA				NA				NA
											in excess of
										$	5,000,000
Reinstatement premium protection (4) (5) (6) (10)			Yes				Yes				Yes				Yes				Yes				Yes

						Treaty Year
		July 1, 2021				July 1, 2020				July 1, 2019
		to				to				to
Line of Business		June 30, 2022				June 30, 2021				June 30, 2020
Personal Lines:
Personal Umbrella
Quota share treaty:
Percent ceded - first $1,000,000 of coverage			90	%			90	%			90	%
Percent ceded - excess of $1,000,000 dollars of coverage			95	%			95	%			100	%
Risk retained		$	300,000			$	300,000			$	100,000
Total reinsurance coverage per occurrence		$	4,700,000			$	4,700,000			$	4,900,000
Losses per occurrence subject to quota share reinsurance coverage		$	5,000,000			$	5,000,000			$	5,000,000
Expiration date		June 30, 2022				June 30, 2021				June 30, 2020
Commercial Lines (1):
General liability commercial policies
Quota share treaty						None				None
Risk retained						$	750,000			$	750,000
Excess of loss coverage above risk retained						$	3,750,000			$	3,750,000
						in excess of				in excess of
						$	750,000			$	750,000
Total reinsurance coverage per occurrence						$	3,750,000			$	3,750,000
Losses per occurrence subject to reinsurance coverage						$	4,500,000			$	4,500,000
Commercial Umbrella
Quota share treaty						None				None

Schedule of approximate reinsurance recoverables

		Unpaid				Paid
($ in thousands)		Losses				Losses				Total				Security
December 31, 2021
Cavello Bay Reinsurance Limited (1)		$	2,134			$	3,245			$	5,379			$	10,086	(2)
Swiss Reinsurance America Corporation			4,069				631				4,700				-
Hanover Rueck SE			2,474				1,176				3,650				-
Allied World Assurance Company			1,098				29				1,127				-
Others			863				1,415				2,278				791	(3)
Total		$	10,638			$	6,496			$	17,134			$	10,877
December 31, 2020
Cavello Bay Reinsurance Limited (1)		$	2,850			$	3,405			$	6,255			$	10,086	(2)
Swiss Reinsurance America Corporation			7,778				5,840				13,618				-
Hanover Rueck SE			4,909				2,897				7,806				-
Allied World Assurance Company			2,019				1,761				3,780				-
Others			2,598				884				3,482				732	(3)
Total		$	20,154			$	14,788			$	34,941			$	10,818

Schedule of Ceding commissions earned

		Year ended
		December 31,
		2021				2020
Provisional ceding commissions earned		$	233,990			$	14,119,180
Contingent ceding commissions earned			(144,309	)			83,173
		$	89,681			$	14,202,353

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