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Short Duration Contracts (Tables)
9 Months Ended
Sep. 30, 2020
Insurance [Abstract]  
Short-duration Insurance Contracts, Claims Development The following table presents information on changes in the liability for credit life, credit disability and property policy and contract claims for the nine months ended September 30, 2020 and 2019.
September 30, 202020202019
(In thousands)
Policy claims payable, January 1,$477 404 
Less:  reinsurance recoverable — 
Net balance, January 1,477 404 
Add claims incurred, related to:
Current year1,890 1,082 
Prior years(15)(165)
1,875 917 
Deduct claims paid, related to:
Current year1,822 764 
Prior years315 157 
2,137 921 
Net balance, September 30,215 400 
Plus:  reinsurance recoverable8,755 — 
Policy claims payable, September 30,$8,970 400