v3.26.3
REINSURANCE - Schedule of Effect of Reinsurance and Retrocessional Activity on Premiums Written and Earned and on Net Claims and Claim Expenses Incurred (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Premiums Written        
Direct $ 227,761 $ 216,934 $ 654,322 $ 691,354
Assumed 1,876,247 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
Assumed 2,436,296 2,674,658 7,327,392 8,144,270
Ceded (559,669) (464,714) (1,503,746) (1,300,284)
Net premiums earned (Note 5) 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