| Schedule of effects of reinsurance on premiums written and earned and liability for claims and claims adjustment expense |
The effect of ceded reinsurance on net premiums written and earned and on net loss and LAE for the years ended December 31, 2015, 2014 and 2013 was as follows: | | | | | | | | | | | | | | For the Year Ended December 31, | | 2015 | | 2014 | | 2013 | Premiums written | |
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| |
|
| |
|
| Direct | | $ | 9,160 |
| | $ | 48,565 |
| | $ | 104,976 |
| Assumed | | 2,653,666 |
| | 2,458,787 |
| | 2,099,183 |
| Ceded | | (148,710 | ) | | (49,216 | ) | | (107,858 | ) | Net | | $ | 2,514,116 |
| | $ | 2,458,136 |
| | $ | 2,096,301 |
| Premiums earned | |
|
| |
|
| |
|
| Direct | | $ | 26,358 |
| | $ | 70,807 |
| | $ | 118,170 |
| Assumed | | 2,481,515 |
| | 2,253,750 |
| | 1,994,225 |
| Ceded | | (78,804 | ) | | (72,814 | ) | | (111,508 | ) | Net | | $ | 2,429,069 |
| | $ | 2,251,743 |
| | $ | 2,000,887 |
| Loss and loss adjustment expenses | |
|
| |
|
| |
|
| Gross loss and LAE | | $ | 1,687,564 |
| | $ | 1,592,795 |
| | $ | 1,421,328 |
| Loss and LAE ceded | | (53,994 | ) | | (94,524 | ) | | (71,698 | ) | Net | | $ | 1,633,570 |
| | $ | 1,498,271 |
| | $ | 1,349,630 |
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