| 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 |
|
|
Six Months Ended |
|
|
|
June 30, |
|
|
June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Premiums Written: |
|
|
|
|
|
|
|
|
|
|
|
|
Direct |
|
$ |
383,351 |
|
|
$ |
357,336 |
|
|
$ |
665,355 |
|
|
$ |
625,792 |
|
Assumed |
|
|
(1,006 |
) |
|
|
(791 |
) |
|
|
(2,318 |
) |
|
|
19,999 |
|
Gross written |
|
|
382,345 |
|
|
|
356,545 |
|
|
|
663,037 |
|
|
|
645,791 |
|
Ceded |
|
|
(101,812 |
) |
|
|
(102,522 |
) |
|
|
(205,867 |
) |
|
|
(202,157 |
) |
Net premiums written |
|
$ |
280,533 |
|
|
$ |
254,023 |
|
|
$ |
457,170 |
|
|
$ |
443,634 |
|
Premiums Earned: |
|
|
|
|
|
|
|
|
|
|
|
|
Direct |
|
$ |
294,540 |
|
|
$ |
270,232 |
|
|
$ |
580,449 |
|
|
$ |
519,634 |
|
Assumed |
|
|
26,284 |
|
|
|
32,396 |
|
|
|
66,581 |
|
|
|
83,377 |
|
Gross earned |
|
|
320,824 |
|
|
|
302,628 |
|
|
|
647,030 |
|
|
|
603,011 |
|
Ceded |
|
|
(101,812 |
) |
|
|
(102,522 |
) |
|
|
(205,867 |
) |
|
|
(202,157 |
) |
Net premiums earned |
|
$ |
219,012 |
|
|
$ |
200,106 |
|
|
$ |
441,163 |
|
|
$ |
400,854 |
|
|
| Schedule Of Number Of Policies Assumed from Citizens And Annualized Gross Premiums |
The table below shows the number of policies (in actuals) and annualized gross premiums assumed from Citizens during the periods presented:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Six Months Ended |
|
|
|
June 30, |
|
|
June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Policies Assumed |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
13,917 |
|
Annualized Gross Premiums |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
35,820 |
|
|