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Reinsurance
 9 Months Ended
Sep. 30, 2024
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Abstract]  
Reinsurance REINSURANCE
In the normal course of business, the Company reinsures portions of certain policies that we underwrite to mitigate exposure to potential losses and/or to provide additional capacity for growth. In our international business, we generally retain $100,000 on any one individual life insurance policy and reinsure the death benefit amount above $100,000. We also reinsure 100% of our accidental death benefit rider coverage. In the second quarter of 2024, CICA Domestic entered into a coinsurance agreement with RGA Reinsurance Company ("RGA"). Under this agreement, CICA Domestic initially elected for RGA to reinsure 50% of its newly written final expense business.

Prior to 2024, the Company maintained catastrophic reinsurance for its Louisiana property and casualty business operated through Security Plan Fire Insurance Company. This reinsurance had a net retention on any one loss of $30,000, which was the maximum policy limit on any single risk. The Company ceased this business in June 2023 and thus did not renew this reinsurance.

Our amounts recoverable from reinsurers represent receivables from and reserves ceded to reinsurers.  We obtain reinsurance from multiple reinsurers. We monitor our reinsurance concentration as well as the financial strength ratings of our reinsurers. Their ratings by A.M. Best Company range from A- (Excellent) to A+ (Superior).  

Assumed and ceded life reinsurance activity is summarized as follows:


(In thousands)
September 30, 2024December 31, 2023
Aggregate assumed life insurance in force$3,605 3,772 
Aggregate ceded life insurance in force$712,565 619,597 
Net life insurance in force$4,480,563 4,306,429 
The Company's reinsurance recoverable on ceded reinsurance was $7.3 million and $4.0 million as of September 30, 2024 and December 31, 2023, respectively.  Premiums, claims and surrenders assumed and ceded and expenses ceded for all lines of business for the three and nine months ended September 30, 2024 and 2023 are summarized as follows:

 Three Months EndedNine Months Ended
September 30,September 30,
(In thousands)2024202320242023
Premiums from short duration contracts:
  
Direct$449 283 1,376 3,920 
Ceded(14)(16)(16)(1,798)
Net premiums earned435 267 1,360 2,122 
Premiums from long duration contracts:
  
Direct44,295 42,156 126,351 119,353 
Assumed15 16 48 52 
Ceded(1,848)(413)(3,630)(1,526)
Net premiums earned42,462 41,759 122,769 117,879 
Total premiums earned$42,897 42,026 124,129 120,001 
Claims and surrenders assumed$22 23 97 90 
Claims and surrenders ceded
$(1,395)(133)(2,876)(657)
Commissions assumed and ceded
$(2,016)9 (2,957)26 
Other general expenses ceded$(341)— (497)—