| Reinsurance Financial Information |
The following is a summary of insurance and reinsurance financial information: | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months
Ended June 30, | | For the Six Months
Ended June 30, | | | | (In thousands) | 2026 | | 2025 | | 2026 | | 2025 | | Written premiums: | | | | | | | | | Direct | $ | 3,811,809 | | | $ | 3,610,784 | | | $ | 7,282,995 | | | $ | 6,921,677 | | | Assumed | 332,191 | | | 366,985 | | | 646,771 | | | 740,031 | | | Ceded | (713,766) | | | (626,330) | | | (1,325,186) | | | (1,176,966) | | | Total net premiums written | $ | 3,430,234 | | | $ | 3,351,439 | | | $ | 6,604,580 | | | $ | 6,484,742 | | | | | | | | | | | Earned premiums: | | | | | | | | | Direct | $ | 3,496,543 | | | $ | 3,335,252 | | | $ | 6,920,685 | | | $ | 6,569,095 | | | Assumed | 329,359 | | | 336,521 | | | 644,293 | | | 676,118 | | | Ceded | (638,513) | | | (573,588) | | | (1,262,417) | | | (1,134,647) | | | Total net premiums earned | $ | 3,187,389 | | | $ | 3,098,185 | | | $ | 6,302,561 | | | $ | 6,110,566 | | | | | | | | | | | Ceded losses and loss expenses incurred | $ | 526,426 | | | $ | 354,923 | | | $ | 884,166 | | | $ | 669,175 | | | Ceded commissions earned | $ | 156,093 | | | $ | 135,919 | | | $ | 309,041 | | | $ | 275,523 | |
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| Premium receivable, allowance for credit loss |
The following table presents the rollforward of the allowance for expected credit losses for premiums and fees receivable for the six months ended June 30, 2026 and 2025: | | | | | | | | | | | | | (In thousands) | 2026 | | 2025 | | Allowance for expected credit losses, beginning of period | $ | 42,006 | | | $ | 39,884 | | | | | | | Change in expected credit losses | (585) | | | (924) | | | Allowance for expected credit losses, end of period | $ | 41,421 | | | $ | 38,960 | |
The following table presents the rollforward of the allowance for expected credit losses for premiums and fees receivable for the three months ended June 30, 2026 and 2025: | | | | | | | | | | | | | (In thousands) | 2026 | | 2025 | | Allowance for expected credit losses, beginning of period | $ | 42,130 | | | $ | 38,861 | | | | | | | Change in expected credit losses | (709) | | | 99 | | | Allowance for expected credit losses, end of period | $ | 41,421 | | | $ | 38,960 | |
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| Reinsurance Recoverable, Allowance for Credit Loss |
The following table presents the rollforward of the allowance for expected credit losses associated with due from reinsurers for the six months ended June 30, 2026 and 2025: | | | | | | | | | | | | | | | (In thousands) | 2026 | | 2025 | | | | Allowance for expected credit losses, beginning of period | $ | 6,378 | | | $ | 8,350 | | | | | | | | | | | Change in expected credit losses | 430 | | | (1,396) | | | | | Allowance for expected credit losses, end of period | $ | 6,808 | | | $ | 6,954 | | | |
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