v3.26.3
REINSURANCE (Tables)
 9 Months Ended
Sep. 30, 2026
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Abstract]  
Schedule of Effect of Reinsurance and Retrocessional Activity on Premiums Written and Earned and on Net Claims and Claim Expenses Incurred
The following table sets forth the effect of reinsurance and retrocessional activity on premiums written and earned and on claims and claim expenses incurred:
Three months endedNine months ended
September 30,
2026		September 30,
2025		September 30,
2026		September 30,
2025
Premiums Written
Direct$227,761 $216,934 $654,322 $691,354 
Assumed1,876,247 2,106,692 7,922,983 9,208,955 
Ceded(438,531)(265,824)(1,956,572)(1,628,708)
Net premiums written$1,665,477 $2,057,802 $6,620,733 $8,271,601 
Premiums Earned
Direct$224,449 $223,861 $660,565 $722,754 
Assumed2,436,296 2,674,658 7,327,392 8,144,270 
Ceded(559,669)(464,714)(1,503,746)(1,300,284)
Net premiums earned$2,101,076 $2,433,805 $6,484,211 $7,566,740 
Claims and Claim Expenses
Gross claims and claim expenses incurred$1,269,332 $942,559 $3,548,476 $5,114,509 
Claims and claim expenses recovered(242,840)(63,739)(595,635)(449,808)
Net claims and claim expenses incurred$1,026,492 $878,820 $2,952,841 $4,664,701 
Schedule of Provision for Current Expected Credit Losses of Premiums Receivable
The following table provides a roll forward of the provision for current expected credit losses of the Company’s premiums receivable:
Three months endedNine months ended
September 30,
2026		September 30,
2025		September 30,
2026		September 30,
2025
Beginning balance$2,028 $3,272 $3,181 $4,631 
Provision for (release of) allowance71 63 28 (1,296)
Charge-offs— — (1,110)— 
Ending balance$2,099 $3,335 $2,099 $3,335 
Schedule of Provision for Current Expected Credit Losses of Reinsurance Recoverable
The following table provides a roll forward of the provision for current expected credit losses of the Company’s reinsurance recoverable:
Three months endedNine months ended
September 30,
2026		September 30,
2025		September 30,
2026		September 30,
2025
Beginning balance$11,840 $10,808 $13,205 $11,730 
Provision for (release of) allowance880 2,180 (485)1,258 
Ending balance$12,720 $12,988 $12,720 $12,988