| Schedule of Written Premiums, Earned Premiums and Losses and Loss Adjustment Expenses Incurred |
Written premiums, earned premiums and losses and loss adjustment expenses incurred are presented on a gross, ceded, and net basis for the three and six months ended June 30, 2026 and 2025 in the table below: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | (in thousands) | | Written premiums: | | | | | | | | | Direct | $ | 206,762 | | | $ | 167,502 | | | $ | 349,689 | | | $ | 283,645 | | | Ceded | (53,325) | | | (50,231) | | | (77,545) | | | (76,503) | | | Net written | $ | 153,437 | | | $ | 117,271 | | | $ | 272,144 | | | $ | 207,142 | | | | | | | | | | | Earned premiums: | | | | | | | | | Direct | $ | 151,462 | | | $ | 124,624 | | | $ | 294,294 | | | $ | 236,774 | | | Ceded | (37,687) | | | (37,696) | | | (75,308) | | | (71,545) | | | Net earned | $ | 113,775 | | | $ | 86,928 | | | $ | 218,986 | | | $ | 165,229 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | (in thousands) | | Losses and loss adjustment expenses: | | | | | | | | | Direct | $ | 103,468 | | | $ | 74,382 | | | $ | 183,197 | | | $ | 131,217 | | | Ceded | (36,965) | | | (23,970) | | | (54,814) | | | (33,943) | | | Net losses and loss adjustment expenses | $ | 66,503 | | | $ | 50,412 | | | $ | 128,383 | | | $ | 97,274 | | | | | | | | | |
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