Policy Claims and Other Benefits Payable (Tables)

3 Months Ended

Mar. 31, 2021

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:

	Three months ended March 31,
	2021			2020
	(In thousands)
Policy claims and other benefits payable, beginning of period	$	519,711		$	339,954
Less reinsured policy claims and other benefits payable		545,857			388,797
Net balance, beginning of period		(26,146	)		(48,843	)
Incurred related to current year		73,626			53,828
Incurred related to prior years (1)		(1,534	)		(5,045	)
Total incurred		72,092			48,783
Claims paid related to current year, net of reinsured policy claims received		(194,270	)		(123,305	)
Reinsured policy claims received related to prior years, net of claims paid		36,508			59,269
Total paid		(157,762	)		(64,036	)
Foreign currency translation		87			(518	)
Net balance, end of period		(111,729	)		(64,614	)
Add reinsured policy claims and other benefits payable		638,383			395,103
Balance, end of period	$	526,654		$	330,489

^{(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.}