| Effect Of Reinsurance And Retrocessional Reinsurance On Premiums Written And Earned |
The following tables summarize the effect of reinsurance and retrocessional reinsurance on premiums written and earned. Fronting premiums are attributable to business written on behalf of third-party capacity providers, substantially all of which are ceded.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Quarter Ended June 30, | | 2025 | | 2024 | | (dollars in thousands) | Direct | | Assumed | | Ceded | | Net Premiums | | Direct | | Assumed | | Ceded | | Net Premiums | | Underwriting: | | | | | | | | | | | | | | | | | Written | $ | 2,414,799 | | | $ | 471,869 | | | $ | (643,567) | | | $ | 2,243,101 | | | $ | 2,356,536 | | | $ | 564,851 | | | $ | (642,448) | | | $ | 2,278,939 | | | Earned | $ | 2,210,284 | | | $ | 451,071 | | | $ | (519,923) | | | $ | 2,141,432 | | | $ | 2,149,773 | | | $ | 414,488 | | | $ | (487,002) | | | $ | 2,077,259 | | Fronting: | | | | | | | | | | | | | | | | | Written | 821,727 | | | 1,436,096 | | | (2,257,573) | | | 250 | | | 943,140 | | | 847,603 | | | (1,790,903) | | | (160) | | | Earned | 832,497 | | | 317,130 | | | (1,149,368) | | | 259 | | | 811,377 | | | 240,844 | | | (1,052,381) | | | (160) | | | Consolidated: | | | | | | | | | | | | | | | | | Written | $ | 3,236,526 | | | $ | 1,907,965 | | | $ | (2,901,140) | | | $ | 2,243,351 | | | $ | 3,299,676 | | | $ | 1,412,454 | | | $ | (2,433,351) | | | $ | 2,278,779 | | | Earned | $ | 3,042,781 | | | $ | 768,201 | | | $ | (1,669,291) | | | $ | 2,141,691 | | | $ | 2,961,150 | | | $ | 655,332 | | | $ | (1,539,383) | | | $ | 2,077,099 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, | | 2025 | | 2024 | | (dollars in thousands) | Direct | | Assumed | | Ceded | | Net Premiums | | Direct | | Assumed | | Ceded | | Net Premiums | | Underwriting: | | | | | | | | | | | | | | | | | Written | $ | 4,550,772 | | | $ | 1,200,912 | | | $ | (1,198,292) | | | $ | 4,553,392 | | | $ | 4,464,003 | | | $ | 1,233,550 | | | $ | (1,186,404) | | | $ | 4,511,149 | | | Earned | $ | 4,405,767 | | | $ | 889,116 | | | $ | (1,064,079) | | | $ | 4,230,804 | | | $ | 4,348,011 | | | $ | 807,430 | | | $ | (950,382) | | | $ | 4,205,059 | | Fronting: | | | | | | | | | | | | | | | | | Written | 1,595,411 | | | 2,015,626 | | | (3,610,787) | | | 250 | | | 1,688,098 | | | 1,266,878 | | | (2,955,309) | | | (333) | | | Earned | 1,571,742 | | | 561,436 | | | (2,132,917) | | | 261 | | | 1,515,059 | | | 364,115 | | | (1,879,507) | | | (333) | | | Consolidated: | | | | | | | | | | | | | | | | | Written | $ | 6,146,183 | | | $ | 3,216,538 | | | $ | (4,809,079) | | | $ | 4,553,642 | | | $ | 6,152,101 | | | $ | 2,500,428 | | | $ | (4,141,713) | | | $ | 4,510,816 | | | Earned | $ | 5,977,509 | | | $ | 1,450,552 | | | $ | (3,196,996) | | | $ | 4,231,065 | | | $ | 5,863,070 | | | $ | 1,171,545 | | | $ | (2,829,889) | | | $ | 4,204,726 | |
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