v3.26.1
Reinsurance (Tables)
3 Months Ended
Mar. 31, 2026
Insurance [Abstract]  
Impact of the Reinsurance Contracts on Premiums Written and Earned

The impact of the reinsurance contracts on premiums written and earned is as follows:

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2026

 

 

2025

 

Premiums Written:

 

 

 

 

 

 

Direct

 

$

282,004

 

 

$

268,456

 

Assumed

 

 

(1,312

)

 

 

20,790

 

Gross written

 

 

280,692

 

 

 

289,246

 

Ceded

 

 

(104,055

)

 

 

(99,635

)

Net premiums written

 

$

176,637

 

 

$

189,611

 

Premiums Earned:

 

 

 

 

 

 

Direct

 

$

285,909

 

 

$

249,402

 

Assumed

 

 

40,297

 

 

 

50,981

 

Gross earned

 

 

326,206

 

 

 

300,383

 

Ceded

 

 

(104,055

)

 

 

(99,635

)

Net premiums earned

 

$

222,151

 

 

$

200,748

 

Schedule Of Number Of Policies Assumed from Citizens And Annualized Gross Premiums

The table below shows the number of policies and annualized gross premiums assumed from Citizens during the periods presented:

 

Three Months Ended March 31,

 

Policies Assumed

 

 

Annualized Gross Premiums

 

2026

 

 

 

 

$

 

2025

 

 

13,917

 

 

 

35,820

 

  Total

 

 

13,917

 

 

$

35,820