Reinsurance |
Reinsurance The following table presents reinsurance premiums written and earned and loss reserves, commissions, and broker fees: | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended | | Six months ended | | June 30, | | June 30, | | 2025 | | 2024 | | 2025 | | 2024 | Premiums written: | | | | | | | | Assumed | $ | 55,798 | | | 41,264 | | | 110,404 | | | 72,151 | | Ceded | (16,916) | | | (20,550) | | | (36,965) | | | (35,993) | | Net premiums written | $ | 38,882 | | | 20,714 | | | 73,439 | | | 36,158 | | Premiums earned: | | | | | | | | Assumed | $ | 44,079 | | | 29,889 | | | 91,803 | | | 55,393 | | Ceded | (17,967) | | | (15,038) | | | (41,004) | | | (27,762) | | Net premiums earned | $ | 26,112 | | | 14,851 | | | 50,799 | | | 27,631 | | Loss reserve, commissions, and broker fees: | | | | | | | | Assumed | $ | 45,100 | | | 21,675 | | | 87,741 | | | 44,517 | | Ceded | (19,438) | | | (10,687) | | | (39,867) | | | (22,212) | | Reinsurance losses and underwriting expenses | $ | 25,662 | | | 10,988 | | | 47,874 | | | 22,305 | |
The Company’s loss reserve balance, net of amounts ceded to reinsurers, was $57.1 million and $33.1 million as of June 30, 2025 and December 31, 2024, respectively, which is included in "other liabilities" on the consolidated balance sheets.
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