| Effect Of Reinsurance And Retrocessional Reinsurance On Premiums Written And Earned |
The following tables summarize the effect of reinsurance and retrocessional reinsurance on premiums written and earned. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | 2024 | | 2023 | | (dollars in thousands) | Direct | | Assumed | | Ceded | | Net Premiums | | Direct | | Assumed | | Ceded | | Net Premiums | | Underwriting: | | | | | | | | | | | | | | | | | Written | $ | 2,107,467 | | | $ | 668,699 | | | $ | (543,956) | | | $ | 2,232,210 | | | $ | 1,969,363 | | | $ | 688,895 | | | $ | (440,029) | | | $ | 2,218,229 | | | Earned | $ | 2,198,238 | | | $ | 392,942 | | | $ | (463,380) | | | $ | 2,127,800 | | | $ | 1,971,876 | | | $ | 398,719 | | | $ | (402,440) | | | $ | 1,968,155 | | | Program services and other fronting: | | | | | | | | | | | | | | | | | Written | 744,958 | | | 419,275 | | | (1,164,406) | | | (173) | | | 573,211 | | | 204,543 | | | (778,205) | | | (451) | | | Earned | 703,682 | | | 123,271 | | | (827,126) | | | (173) | | | 641,113 | | | 74,717 | | | (716,281) | | | (451) | | | Consolidated: | | | | | | | | | | | | | | | | | Written | $ | 2,852,425 | | | $ | 1,087,974 | | | $ | (1,708,362) | | | $ | 2,232,037 | | | $ | 2,542,574 | | | $ | 893,438 | | | $ | (1,218,234) | | | $ | 2,217,778 | | | Earned | $ | 2,901,920 | | | $ | 516,213 | | | $ | (1,290,506) | | | $ | 2,127,627 | | | $ | 2,612,989 | | | $ | 473,436 | | | $ | (1,118,721) | | | $ | 1,967,704 | |
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| Effect Of Reinsurance And Retrocessional Reinsurance On Losses and Loss Adjustment Expenses |
The following table summarizes the effect of reinsurance and retrocessional reinsurance on losses and loss adjustment expenses in the Company's underwriting operations.
| | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | (dollars in thousands) | | | | | 2024 | | 2023 | | Gross losses and loss adjustment expenses | | | | | $ | 1,693,847 | | | $ | 1,392,348 | | | Ceded losses and loss adjustment expenses | | | | | (406,167) | | | (219,255) | | | Net losses and loss adjustment expenses | | | | | $ | 1,287,680 | | | $ | 1,173,093 | |
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