ALLOWANCES FOR CREDIT LOSS (Tables)

9 Months Ended

Sep. 30, 2020

Receivables [Abstract]

Debt Securities, Held-to-maturity, Allowance for Credit Loss

Activity in the allowances for credit loss, by asset line item on the consolidated balance sheet, is summarized as follows:

	Debt
	Securities,				Reinsurance
	Held-to-		Premiums		Recoverable,
	Maturity		Receivable		Net		Total
	(In thousands)
Balance as of December 31, 2019	$	—	$	159	$	—	$	159
Cumulative effect of new accounting standard (1)	1		—		32		33
Credit loss expense (recovery) (2)	(1)		(41)		20		(22)
Balance as of September 30, 2020	$	—	$	118	$	52	$	170

(1)Refer to Note 2 above for information about our adoption of ASU 2016-13 on January 1, 2020.

(2)Reflected in commissions and other underwriting expenses on the consolidated statements of comprehensive income (loss).

Premium Receivable, Allowance for Credit Loss

The aging of our premiums receivable and associated allowance for credit loss as of September 30, 2020 was as follows:

			Days Past Due
	Current		1-29		30-59		60-89		90 plus		0	Total
			(In thousands)
Amortized cost	$	52,177	$	527	$	51	$	11	$	105		$	52,871
Allowance for credit loss	—		(7)		(3)		(3)		(105)			(118)
Net	$	52,177	$	520	$	48	$	8	$	—		$	52,753