v3.25.4
REINSURANCE - Schedule of Effect of Reinsurance and Retrocessional Activity on Premiums Written and Earned and on Net Claims and Claim Expenses Incurred (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Premiums Written      
Direct $ 871,854 $ 1,197,360 $ 865,771
Assumed 10,866,566 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
Assumed 10,746,974 10,815,336 8,072,193
Ceded (1,762,771) (1,817,302) (1,614,432)
Net premiums earned (Note 7) 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