Policy Claim Liability

12 Months Ended

Dec. 31, 2024

Insurance [Abstract]

Policy Liability

The following table presents information on changes in the liability for policy and contract claims.

Years ended December 31, (In thousands)	2024		2023
Policy claims payable:
Balance at January 1	$	6,637	9,884
Less:  reinsurance recoverable	1,298		2,070
Net balance at January 1	5,339		7,814
Add claims incurred, related to:
Current year	26,781		25,630
Prior years(1)	(552)		(522)
	26,229		25,108
Deduct claims paid, related to:
Current year	19,189		20,786
Prior years	4,480		6,797
	23,669		27,583
Net balance December 31	7,899		5,339
Plus:  reinsurance recoverable	923		1,298
Balance at December 31	$	8,822	6,637
(1) This line is primarily impacted by the level of claim resolutions in the period compared to that which is expected by the reserve assumption. A positive number implies an unfavorable result where claim resolutions were less favorable than assumed while a negative number implies a favorable result compared to assumptions. Our claim assumptions will vary from actual experience in any one period, either favorably or unfavorably.