Reinsurance (Tables)

3 Months Ended

Mar. 31, 2026

Insurance [Abstract]

Effects of Reinsurance

The amounts in the Condensed Consolidated Statements of Financial Position include the impact of reinsurance. Information regarding the significant effects of reinsurance was as follows at:

Long-term care	March 31, 2026		December 31, 2025
Reinsurance recoverable
Medico Insurance Company	$	4,448	$	4,466
Front Street Re	268,108		273,981
Nichol International Reinsurance (S.A.C), Ltd	174,181		178,273
Nichol Modco Funds Withheld	(176,942)		(183,802)
Total reinsurance recoverable	$	269,795	$	272,918
Future policy benefits
Direct	$	658,505	$	673,636
Reinsurance assumed	104,405		108,245
Total future policy benefits	$	762,910	$	781,881

The amounts in the Condensed Consolidated Statements of Comprehensive Income (Loss) include the impact of reinsurance. Information regarding the significant effects of reinsurance was as follows:

Long-term care
Three months ended March 31,	2026		2025
Net premiums
Direct premiums	$	9,958	$	10,967
Reinsurance assumed	953		1,090
Reinsurance ceded	(15,155)		(16,070)
Total net premiums	$	(4,244)	$	(4,013)
Net policy benefit and claims (remeasurement gain on policy liabilities of $4,459 and $81, respectively)
Direct	$	13,973	$	15,220
Reinsurance assumed	1,214		5,621
Reinsurance ceded, net of provision for credit losses ¹	(17,822)		(19,048)
Total net policyholder benefits and claims	$	(2,635)	$	1,793

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(1)The provision for credit losses for reinsurance recoverables for the three months ended March 31, 2026 and March 31, 2025 is $(0.02) million and $0.1 million, respectively.