| Summary of the Effects of Reinsurance |
The following table presents the effects of reinsurance and assumption transactions on written premiums, earned premiums and losses and LAE (dollars in thousands):
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Three Months Ended
June 30, |
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Six months ended
June 30, |
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|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Written premiums: |
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Direct |
|
$ |
13,070 |
|
|
$ |
21,079 |
|
|
$ |
24,539 |
|
|
$ |
37,252 |
|
Assumed |
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|
— |
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|
|
— |
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|
|
— |
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|
|
— |
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Ceded |
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|
3,582 |
|
|
|
(19,696 |
) |
|
|
(1,812 |
) |
|
|
(25,029 |
) |
Net written premiums |
|
$ |
16,652 |
|
|
$ |
1,383 |
|
|
$ |
22,727 |
|
|
$ |
12,223 |
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Earned premiums: |
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Direct |
|
$ |
12,239 |
|
|
$ |
16,484 |
|
|
$ |
25,953 |
|
|
$ |
32,602 |
|
Assumed |
|
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— |
|
|
|
— |
|
|
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— |
|
|
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— |
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Ceded |
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|
(5,431 |
) |
|
|
(6,920 |
) |
|
|
(13,220 |
) |
|
|
(12,723 |
) |
Net earned premiums |
|
$ |
6,808 |
|
|
$ |
9,564 |
|
|
$ |
12,733 |
|
|
$ |
19,879 |
|
|
|
|
|
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|
|
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|
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Losses and LAE: |
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|
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Direct |
|
$ |
4,337 |
|
|
$ |
9,728 |
|
|
$ |
9,348 |
|
|
$ |
16,808 |
|
Assumed |
|
|
4,301 |
|
|
|
2,614 |
|
|
|
5,393 |
|
|
|
11,285 |
|
Ceded |
|
|
(6,966 |
) |
|
|
(5,778 |
) |
|
|
(9,740 |
) |
|
|
(12,255 |
) |
Net Losses and LAE |
|
$ |
1,672 |
|
|
$ |
6,564 |
|
|
$ |
5,001 |
|
|
$ |
15,838 |
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