v3.25.4
REINSURANCE (Tables)
 12 Months Ended
Dec. 31, 2025
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Abstract]  
Schedule of Effect of Reinsurance and Retrocessional Activity on Premiums Written and Earned and on Net Claims and Claim Expenses Incurred
The following table sets forth the effect of reinsurance and retrocessional activity on premiums written and earned and on claims and claim expenses incurred:
Year ended December 31,202520242023
Premiums Written
Direct$871,854 $1,197,360 $865,771 
Assumed10,866,566 10,535,706 7,996,595 
Ceded(1,868,220)(1,780,850)(1,394,553)
Net premiums written$9,870,200 $9,952,216 $7,467,813 
Premiums Earned
Direct$916,979 $1,097,726 $1,013,372 
Assumed10,746,974 10,815,336 8,072,193 
Ceded(1,762,771)(1,817,302)(1,614,432)
Net premiums earned$9,901,182 $10,095,760 $7,471,133 
Claims and Claim Expenses
Gross claims and claim expenses incurred$6,154,570 $5,629,756 $3,950,362 
Claims and claim expenses recovered(538,731)(296,775)(376,853)
Net claims and claim expenses incurred$5,615,839 $5,332,981 $3,573,509 
Schedule of Provision for Current Expected Credit Losses of Premiums Receivable The following table provides a roll forward of the provision for current expected credit losses of the Company’s premiums receivable:
Year ended December 31,20252024
Beginning balance$4,631 $3,514 
Provision for (release of) allowance
(1,450)1,117 
Ending balance$3,181 $4,631 
Schedule of Provision for Current Expected Credit Losses of Reinsurance Recoverable The following table provides a roll forward of the provision for current expected credit losses of the Company’s reinsurance recoverable:
Year ended December 31,20252024
Beginning balance$11,730 $13,279 
Provision for (release of) allowance
1,475 (1,549)
Ending balance$13,205 $11,730