| Schedule of Effects of Reinsurance on Premiums Written, Earned, Incurred Losses and LAE |
The effects of reinsurance on premiums written by the Reciprocal and earned for the three and six months ended June 30, 2026 and 2025, were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | 2026 | | 2025 | | Written | | Earned | | Written | | Earned | | Direct premiums | $ | 117,628 | | $ | 103,468 | | $ | 95,779 | | $ | 100,184 | | Ceded premiums | 3,627 | | | (12,238) | | | 20,378 | | | (21,229) | | | Net premiums | $ | 121,255 | | $ | 91,230 | | $ | 116,157 | | $ | 78,955 |
| | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, | | 2026 | | 2025 | | Written | | Earned | | Written | | Earned | | Direct premiums | $ | 211,182 | | | $ | 201,120 | | | $ | 171,275 | | $ | 202,564 | | Ceded premiums | (16,921) | | | (33,064) | | | (11,263) | | | (60,295) | | | Net premiums | $ | 194,261 | | | $ | 168,056 | | | $ | 160,012 | | $ | 142,269 |
The effects of reinsurance on incurred losses and loss adjustment expense (“LAE”) for the three and six months ended June 30, 2026 and 2025, were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Direct losses and LAE | $ | 43,696 | | | $ | 39,664 | | | $ | 66,464 | | | $ | 84,356 | | | Ceded losses and LAE | (799) | | | (7,072) | | | (2,383) | | | (22,629) | | | Net losses and LAE | $ | 42,897 | | | $ | 32,592 | | | $ | 64,081 | | | $ | 61,727 | |
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| Schedule of Reinsurance Balances Due |
The detail of reinsurance balances due is as follows: | | | | | | | | | | | | | June 30,
2026 | | December 31,
2025 | | Ceded unearned premium | $ | 419 | | | $ | 24,654 | | | Losses and LAE reserve | 6,517 | | | 9,509 | | | Reinsurance recoverable | (95) | | | 3,411 | | | Other | 1,058 | | | 79 | | | Reinsurance balance due | $ | 7,899 | | | $ | 37,653 | |
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