v3.26.1
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
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Premiums Written        
Direct $ 222,150 $ 230,764 $ 426,561 $ 474,420
Assumed 2,772,274 3,190,416 6,046,736 7,102,263
Ceded (717,464) (650,910) (1,518,041) (1,362,884)
Net premiums written 2,276,960 2,770,270 4,955,256 6,213,799
Premiums Earned        
Direct 223,560 246,999 436,116 498,893
Assumed 2,480,522 2,614,285 4,891,096 5,469,612
Ceded (504,561) (449,130) (944,077) (835,570)
Net premiums earned (Note 5) 2,199,521 2,412,154 4,383,135 5,132,935
Claims and Claim Expenses        
Gross claims and claim expenses incurred 1,246,114 1,067,108 2,279,144 4,171,950
Claims and claim expenses recovered (303,736) (24,985) (352,795) (386,069)
Net claims and claim expenses incurred $ 942,378 $ 1,042,123 $ 1,926,349 $ 3,785,881