v3.25.2
Reinsurance
6 Months Ended
Jun. 30, 2025
Insurance [Abstract]  
Reinsurance Reinsurance
The following table presents reinsurance premiums written and earned and loss reserves, commissions, and broker fees:
Three months endedSix months ended
June 30,June 30,
2025202420252024
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.