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Reinsurance (Tables)

12 Months Ended

Dec. 31, 2023

Reinsurance

Line of Business

		Treaty Period
		2024/2025 Treaty								2023/2024 Treaty								2021/2023 Treaty
		July 1,				January 1,				July 1,				January 1,				July 1,				December 31,
		2024				2024				2023				2023				2022				2021
		to				to				to				to				to				to
		January 1,				June 30,				January 1,				June 30,				January 1,				June 30,
Line of Business		2025				2024				2024				2023				2023				2022

Personal Lines:
Homeowners, dwelling fire and canine legal liability
Quota share treaty:
Percent ceded (7)			27	%			27	%			30	%			30	%			30	%			30	%
Risk retained on intial
$1,000,000 of losses (5) (6) (7)		$	730,000			$	730,000			$	700,000			$	700,000			$	700,000			$	700,000
Losses per occurrence
subject to quota share
reinsurance coverage		$	1,000,000			$	1,000,000			$	1,000,000			$	1,000,000			$	1,000,000			$	1,000,000
Expiration date		January 1, 2025				January 1, 2025				January 1, 2024				January 1, 2024				January 1, 2023				January 1, 2023
Excess of loss coverage and
facultative facility
coverage (1) (5) (6)		$	400,000			$	8,400,000			$	8,400,000			$	8,400,000			$	8,400,000			$	8,400,000
		in excess of				in excess of				in excess of				in excess of				in excess of				in excess of
		$	600,000			$	600,000			$	600,000			$	600,000			$	600,000			$	600,000
Total reinsurance coverage
per occurrence (5) (6)		$	470,000			$	8,470,000			$	8,500,000			$	8,500,000			$	8,500,000			$	8,500,000
Losses per occurrence
subject to reinsurance
coverage (6)		$	1,000,000			$	8,000,000			$	8,000,000			$	8,000,000			$	9,000,000			$	9,000,000
Expiration date			(6	)		June 30, 2024				June 30, 2024				June 30, 2023				June 30, 2023				June 30, 2022

Catastrophe Reinsurance:
Initial loss subject to personal
lines quota share treaty (6)		$	10,000,000			$	10,000,000			$	10,000,000			$	10,000,000			$	10,000,000			$	10,000,000
Risk retained per catastrophe
occurrence (7) (8)			(6	)		$	9,500,000			$	8,750,000			$	8,750,000			$	7,400,000			$	7,400,000
Catastrophe loss coverage
in excess of quota share
coverage (2)			(6	)		$	315,000,000			$	315,000,000			$	335,000,000			$	335,000,000			$	490,000,000

Reinstatement premium
protection (3) (4)			(6	)		Yes				Yes				Yes				Yes				Yes

		Treaty Year
		July 1, 2023				July 1, 2022				July 1, 2021
		to				to				to
Line of Business		June 30, 2024				June 30, 2023				June 30, 2022

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	%			95	%
Risk retained		$	300,000			$	300,000			$	300,000
Total reinsurance coverage per occurrence		$	4,700,000			$	4,700,000			$	4,700,000
Losses per occurrence subject to quota share reinsurance coverage		$	5,000,000			$	5,000,000			$	5,000,000
Expiration date		June 30, 2024				June 30, 2023				June 30, 2022

Schedule of approximate reinsurance recoverables

		Unpaid				Paid
($ in thousands)		Losses				Losses				Total				Security
December 31, 2023
Swiss Reinsurance America Corporation			11,027				6,560				17,587				-
Hannover Rueck SE			8,753				(92	)			8,661				-
Allied World Insurance Company			4,724				2,190				6,914				4	(1)
Ace Property and Casualty Insurance Company			3,205				1,840				5,045				-
Lancashire Insurance Company Limited			3,203				1,583				4,786				-
Others			2,377				3,296				5,673				2,662	(2)
Total		$	33,289			$	15,377			$	48,666			$	2,666

December 31, 2022
Swiss Reinsurance America Corporation			9,469				4,823			$	14,292			$	-
Hanover Rueck SE			8,681				2,698				11,379				-
Others			9,510				6,067				15,577				2,399	(3)
Total		$	27,660			$	13,588			$	41,248			$	2,399

Schedule of Ceding commissions earned

		Year ended
		December 31,
		2023				2022

Provisional ceding commissions earned		$	20,397,454			$	19,105,779
Contingent ceding commissions earned			656,040				213,612
		$	21,053,494			$	19,319,391