| Schedule of Effect of Reinsurance Arrangements in Consolidated Statement of Income |
The Company’s reinsurance arrangements had the following effect on certain items in the condensed consolidated statement of income for the three and six months ended June 30, 2025 and 2026:
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For The Three Months Ended June 30, |
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For The Six Months Ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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(In thousands) |
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(In thousands) |
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Premium written: |
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Direct |
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$ |
388,441 |
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$ |
410,968 |
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$ |
735,187 |
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$ |
766,965 |
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Ceded |
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(415,937 |
) |
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(491,335 |
) |
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(457,375 |
) |
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(531,555 |
) |
Net |
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$ |
(27,496 |
) |
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$ |
(80,367 |
) |
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$ |
277,812 |
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$ |
235,410 |
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Premiums earned: |
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Direct |
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$ |
351,153 |
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$ |
353,594 |
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$ |
704,716 |
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$ |
707,422 |
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Ceded |
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(150,029 |
) |
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(157,278 |
) |
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(303,899 |
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(311,072 |
) |
Net |
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$ |
201,124 |
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$ |
196,316 |
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$ |
400,817 |
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$ |
396,350 |
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Loss and Loss Adjustment Expenses |
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Direct |
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$ |
65,078 |
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$ |
70,062 |
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$ |
160,122 |
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$ |
106,974 |
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Ceded |
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(4,021 |
) |
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5,558 |
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(7,468 |
) |
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68,053 |
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Net |
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$ |
61,057 |
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$ |
75,620 |
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$ |
152,654 |
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$ |
175,027 |
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