Policy Liabilities and Short Duration Contracts (Tables)

12 Months Ended

Dec. 31, 2020

Insurance [Abstract]

Schedule of Liability for Unpaid Claims and Claims Adjustment Expense [Table Text Block]

The following table presents information on changes in the liability for life, accident and health and property policy and contract claims for the years ended December 31, 2020, 2019 and 2018.

Years ended December 31, (In thousands)	2020		2019	2018
Policy claims payable:
Balance at January 1	$	8,059	7,614	8,610
Less:  reinsurance recoverable	796		511	367
Net balance at January 1	7,263		7,103	8,243
Add claims incurred, related to:
Current year	38,400		26,816	24,793
Prior years	195		543	(197)
	38,595		27,359	24,596
Deduct claims paid, related to:
Current year	29,767		20,629	18,933
Prior years	5,897		6,570	6,803
	35,664		27,199	25,736
Net balance December 31	10,194		7,263	7,103
Plus:  reinsurance recoverable	3,012		796	511
Balance at December 31	$	13,206	8,059	7,614

Short-duration Insurance Contracts, Claims Development

This information is presented for the last five years as these claims rarely pay out over a longer period of time.

								As of December 31, 2020
	Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance							Total of Incurred but Not Reported Liabilities Plus Expected Development on Reported Claims	Cumulative Number of Reported Claims
	For the Years Ended December 31,
($ In thousands)	2016		2017	2018	2019	2020
Accident Year:	(Unaudited)
2016	$	2,071	2,096	2,066	2,062	2,062		—	550
2017			1,761	1,715	1,662	1,663		1	658
2018				1,760	1,621	1,626		2	496
2019					1,760	1,338		9	574
2020						2,804		199	1,405
Total						$	9,493

The following table presents paid claims development as of December 31, 2020, net of reinsurance.

	Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance
	Years ended December 31,
(In thousands)	2016		2017	2018	2019	2020
Accident Year:	(Unaudited)
2016	$	1,680	2,061	2,061	2,061	2,061
2017			1,359	1,652	1,661	1,661
2018				1,507	1,618	1,623
2019					1,328	1,254
2020						2,154
Total						$	8,753
All outstanding liabilities before 2016, net of reinsurance						$	—
Liabilities for claims and claim adjustment expenses, net of reinsurance						$	743

Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability

The reconciliation of the net incurred and paid claims development tables to the liability for claims and claim adjustment expenses in the consolidated statement of financial position is as follows.

Years ended December 31, (In thousands)	2020		2019
Net outstanding liabilities:
Special property	$	743	437
Other short duration insurance lines	214		147
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	957		584
Reinsurance recoverable on unpaid claims:
Special property	2,955		4
Other short duration insurance lines	57		213
Total reinsurance recoverable on unpaid claims	3,012		217
Insurance lines other than short duration	9,237		7,258
Total gross liability for unpaid claims and claim adjustment expense	$	13,206	8,059

Short-duration Insurance Contracts, Schedule of Historical Claims Duration

The following is supplementary information to the consolidated financial statements about average historical claims duration as of December 31, 2020.

Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance (Unaudited)
Years	1		2		3		4		5
Special property	86.39	%	9.35	%	0.28	%	—	%	—	%