Note 6 - Reinsurance

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Reinsurance [Text Block]

Note

6.

     Reinsurance

A summary of significant reinsurance amounts affecting the accompanying consolidated financial statements as of

December 31, 2019

and

2018

and for the years ended

December 31, 2019

and

2018

is listed in the following table.

	December 31, 2019		December 31, 2018
Balance Sheet
Benefits and claim reserves ceded	$	136,579	$	64,451
Amounts due from ceding company		50,824		97,395
Benefits and claim reserves assumed		12,597,007		11,521,657

	Years ended
	December 31, 2019		December 31, 2018
Statements of Comprehensive Income (Loss)
Ceded premium	$	800,525	$	629,196
Assumed premium		4,906,522		4,863,227
Allowances on ceded premium		17,672		19,347
Allowances paid on assumed premium		495,327		401,147
Assumed benefits and policyholder reserve increases		4,269,695		4,078,572

The company currently reinsures business in excess of its retention with General Re Life Corporation, Reliance Standard Life Insurance Company, Unified Life Insurance Company, Hartford Life and Accident Company, and Optimum Re Insurance Company. The Company also currently assumes business under agreements with Unified Life Insurance Company and American Life and Security Corporation.