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Reinsurance and Policy Benefits and Losses, Claims and Loss Expenses Payable (Table Text Block)
12 Months Ended
Mar. 31, 2019
Supplemental Schedule Of Reinsurance Premiums For Insurance Companies [Abstract]  
Supplemental Schedule Of Reinsurance Premiums For Insurance Companies [Table Text Block]

 

 

Direct

Amount (a)

 

Ceded to

Other

Companies

 

Assumed

from Other

Companies

 

Net

Amount (a)

 

Percentage of

Amount

Assumed to Net

 

 

(In thousands)

Year ended December 31, 2018

 

 

 

 

 

 

 

 

 

 

Life insurance in force

$

941,822

$

207

$

548,152

$

1,489,767

 

37%

Premiums earned:

 

 

 

 

 

 

 

 

 

 

Life

$

51,691

$

(1)

$

(69,616)

$

(17,924)

 

388%

Accident and health

 

77,813

 

267

 

1,851

 

79,397

 

2%

Annuity

 

1,221

 

 

794

 

2,015

 

39%

Property and casualty

 

60,848

 

 

 

60,848

 

0%

Total

$

191,573

$

266

$

(66,971)

$

124,336

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2017

 

 

 

 

 

 

 

 

 

 

Life insurance in force

$

947,720

$

248

$

876,865

$

1,824,337

 

48%

Premiums earned:

 

 

 

 

 

 

 

 

 

 

Life

$

51,227

$

4

$

9,880

$

61,103

 

16%

Accident and health

 

90,396

 

295

 

1,977

 

92,078

 

2%

Annuity

 

728

 

 

794

 

1,522

 

52%

Property and casualty

 

57,161

 

69

 

8

 

57,100

 

0%

Total

$

199,512

$

368

$

12,659

$

211,803

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2016

 

 

 

 

 

 

 

 

 

 

Life insurance in force

$

937,779

$

249

$

915,769

$

1,853,299

 

49%

Premiums earned:

 

 

 

 

 

 

 

 

 

 

Life

$

50,251

$

$

10,626

$

60,877

 

17%

Accident and health

 

99,450

 

310

 

2,263

 

101,403

 

2%

Annuity

 

505

 

 

794

 

1,299

 

61%

Property and casualty

 

52,329

 

 

5

 

52,334

 

0%

Total

$

202,535

$

310

$

13,688

$

215,913

 

 

(a)  Balances are reported net of inter-segment transactions

Schedule of Effect of Reinsurance [Table Text Block]

 

 

December 31,

 

 

2018

 

2017

 

 

(In thousands)

Unpaid losses and loss adjustment expense

$

228,970

$

233,554

Reinsurance losses payable

 

988

 

805

Total

$

229,958

$

234,359

 

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

 

 

December 31,

 

 

2018

 

2017

 

2016

 

 

(In thousands)

Balance at January 1

$

233,554

$

244,400

$

251,964

Less: reinsurance recoverable

 

94,490

 

103,952

 

107,311

Net balance at January 1

 

139,064

 

140,448

 

144,653

Incurred related to:

 

 

 

 

 

 

Current year

 

19,579

 

15,749

 

13,297

Prior years

 

(5,365)

 

233

 

107

Total incurred

 

14,214

 

15,982

 

13,404

Paid related to:

 

 

 

 

 

 

Current year

 

8,838

 

8,969

 

7,777

Prior years

 

10,390

 

8,397

 

9,832

Total paid

 

19,228

 

17,366

 

17,609

Net balance at December 31

 

134,050

 

139,064

 

140,448

Plus: reinsurance recoverable

 

94,920

 

94,490

 

103,952

Balance at December 31

$

228,970

$

233,554

$

244,400

 

Shortduration Insurance Contracts Claims Development [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total of

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Incurred-but-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Not-Reported

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities Plus

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expected

 

Cumulative

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Development

 

Number of

Accident

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

on Reported

 

Reported

Year

 

2012

 

2013

 

2014

 

2015

 

2016

 

2017

 

2018

 

Claims

 

Claims

 

 

 

 

(In thousands, except claim counts)

 

 

2012

$

8,971

$

8,903

$

8,831

$

8,788

$

8,753

$

8,735

$

8,735

$

 

6,889

2013

 

 

 

9,861

 

9,853

 

9,914

 

9,741

 

9,576

 

9,595

 

 

7,663

2014

 

 

 

 

 

11,691

 

10,907

 

10,720

 

10,759

 

10,748

 

323

 

9,648

2015

 

 

 

 

 

 

 

12,214

 

12,459

 

12,460

 

12,464

 

1,821

 

10,719

2016

 

 

 

 

 

 

 

 

 

13,297

 

13,011

 

13,056

 

1,300

 

11,146

2017

 

 

 

 

 

 

 

 

 

 

 

15,749

 

16,109

 

1,218

 

11,496

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

19,580

 

7,932

 

11,144

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

12,594

 

 

 

The following table presents paid claims development as of December 31, 2018, net of reinsurance. Claims data for 2012 through 2017 are unaudited. Claims data for 2018 is audited.

Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance

 

 

 

 

(In thousands)

Accident

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year

 

2012

 

2013

 

2014

 

2015

 

2016

 

2017

 

2018

2012

$

4,415

$

6,345

$

8,179

$

8,410

$

8,734

$

8,734

$

8,734

2013

 

 

 

5,227

 

7,608

 

8,718

 

9,462

 

9,576

 

9,595

2014

 

 

 

 

 

6,154

 

8,087

 

9,270

 

9,293

 

10,325

2015

 

 

 

 

 

 

 

7,509

 

9,601

 

9,730

 

10,343

2016

 

 

 

 

 

 

 

 

 

7,777

 

10,665

 

11,643

2017

 

 

 

 

 

 

 

 

 

 

 

8,969

 

11,638

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

8,838

 

 

 

 

 

 

 

 

 

 

Total

 

Total

 

71,116

All outstanding liabilities before 2012, net of reinsurance

 

 

 

114,877

Liabilities for claims and claim adjustment expenses, net of reinsurance

 

 

 

134,050

 

Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability [Table Text Block]

 

 

December 31, 2018

 

 

(In thousands)

Liabilities for unpaid Property and Casualty claims

 

 

and claim adjustment expenses, net of reinsurance

$

134,050

 

 

 

Total reinsurance recoverable on unpaid

 

 

Property and Casualty claims

$

94,920

 

 

 

Total gross liability for unpaid Property and Casualty

 

 

claims and claim adjustment expense

$

228,970

 

Shortduration Insurance Contracts Schedule Of Historical Claims Duration [Table Text Block]

Average Annual Percentage Payout of Incurred Claims by Age, net of Reinsurance

Years

 

1

2

3

4

5

6

7

 

 

 

 

 

 

 

 

 

Property and Casualty Insurance

 

54.7%

20.1%

10.4%

3.9%

4.8%

0.1%

0.0%