Policy Claims and Other Benefits Payable (Tables)

6 Months Ended

Jun. 30, 2020

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

Schedule of Liability For Future Policy Benefits and Unpaid Claims

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

	Six months ended June 30,
	2020			2019
	(In thousands)
Policy claims and other benefits payable, beginning of period	$	339,954		$	313,862
Less reinsured policy claims and other benefits payable		388,797			318,653
Net balance, beginning of period		(48,843	)		(4,791	)
Incurred related to current year		113,647			92,355
Incurred related to prior years (1)		(4,464	)		(1,456	)
Total incurred		109,183			90,899
Claims paid related to current year, net of reinsured policy claims received		(181,280	)		(150,765	)
Reinsured policy claims received related to prior years, net of claims paid		60,043			16,105
Total paid		(121,237	)		(134,660	)
Foreign currency translation		(297	)		323
Net balance, end of period		(61,194	)		(48,229	)
Add reinsured policy claims and other benefits payable		473,640			370,646
Balance, end of period	$	412,446		$	322,417

^{(1) Includes the difference between our estimate of claims incurred but not yet reported as of period-end and the actual incurred claims reported after period-end.}