Policy Claims and Other Benefits Payable

12 Months Ended

Dec. 31, 2022

Liability For Future Policy Benefits And Unpaid Claims And Claims Adjustment Expense [Abstract]

Policy Claims and Other Benefits Payable

(9) Policy Claims and Other Benefits Payable

Changes in policy claims and other benefits payable were as follows:

	Year ended December 31,
	2022			2021			2020
	(In thousands)
Policy claims and other benefits payable, beginning of period	$	585,382		$	519,711		$	339,954
Less reinsured policy claims and other benefits payable		637,139			545,030			388,797
Net balance, beginning of period		(51,757	)		(25,319	)		(48,843	)
Incurred related to current year		248,127			284,719			236,157
Incurred related to prior years (1)		(4,363	)		(216	)		(4,033	)
Total incurred		243,764			284,503			232,124
Claims paid related to current year, net of reinsured policy claims received		(263,114	)		(345,130	)		(268,914	)
Reinsured policy claims received related to prior years, net of claims paid		67,267			34,128			60,144
Total paid		(195,847	)		(311,002	)		(208,770	)
Foreign currency translation		(531	)		61			170
Net balance, end of period		(4,371	)		(51,757	)		(25,319	)
Add reinsured policy claims and other benefits payable		542,621			637,139			545,030
Balance, end of period	$	538,250		$	585,382		$	519,711

(1)Includes the difference between our estimate of claims incurred but not yet reported at year end and the actual incurred claims reported after year end.

See Note 1 (Description of Business, Basis of Presentation, and Summary of Significant Accounting Policies) for details regarding the accounting for policyholder liabilities.