| Impact of the Reinsurance Contracts on Premiums Written and Earned |
The impact of the reinsurance contracts on premiums written and earned is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Nine Months Ended |
|
|
|
September 30, |
|
|
September 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Premiums Written: |
|
|
|
|
|
|
|
|
|
|
|
|
Direct |
|
$ |
353,478 |
|
|
$ |
315,428 |
|
|
$ |
1,018,833 |
|
|
$ |
941,220 |
|
Assumed |
|
|
(428 |
) |
|
|
(257 |
) |
|
|
(2,746 |
) |
|
|
19,742 |
|
Gross written |
|
|
353,050 |
|
|
|
315,171 |
|
|
|
1,016,087 |
|
|
|
960,962 |
|
Ceded |
|
|
(96,929 |
) |
|
|
(106,088 |
) |
|
|
(302,796 |
) |
|
|
(308,245 |
) |
Net premiums written |
|
$ |
256,121 |
|
|
$ |
209,083 |
|
|
$ |
713,291 |
|
|
$ |
652,717 |
|
Premiums Earned: |
|
|
|
|
|
|
|
|
|
|
|
|
Direct |
|
$ |
306,226 |
|
|
$ |
289,287 |
|
|
$ |
886,675 |
|
|
$ |
808,921 |
|
Assumed |
|
|
9,846 |
|
|
|
11,792 |
|
|
|
76,427 |
|
|
|
95,169 |
|
Gross earned |
|
|
316,072 |
|
|
|
301,079 |
|
|
|
963,102 |
|
|
|
904,090 |
|
Ceded |
|
|
(96,929 |
) |
|
|
(106,088 |
) |
|
|
(302,796 |
) |
|
|
(308,245 |
) |
Net premiums earned |
|
$ |
219,143 |
|
|
$ |
194,991 |
|
|
$ |
660,306 |
|
|
$ |
595,845 |
|
|
| Schedule of Number of Policies Assumed from Citizens and Annualized Gross Premiums |
The table below shows the number of policies (in actuals) and annualized gross premiums assumed from Citizens during the periods presented:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Nine Months Ended |
|
|
|
September 30, |
|
|
September 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Policies Assumed |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
13,917 |
|
Annualized Gross Premiums |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
35,820 |
|
|