XML 43 R17.htm IDEA: XBRL DOCUMENT

Reinsurance [Text Block]

12 Months Ended

Dec. 31, 2018

Note 9.Reinsurance

The Insurance Group reinsures portions of certain business in order to limit the assumption of disproportionate risks. Amounts not retained are ceded to other companies on an automatic or facultative basis. In addition, the Insurance Group participates in various coinsurance treaties on a quota share or excess basis. The Company is contingently liable with respect to reinsurance in the unlikely event that the assuming reinsurers are unable to meet their obligations. The ceding of reinsurance does not discharge the primary liability of the original insurer to the insured.

The effects of reinsurance on premiums earned and insurance benefits, claims and reserves are shown below for the periods indicated (in thousands).

				ASSUMED		CEDED
		GROSS		FROM OTHER		TO OTHER		NET
		AMOUNT		COMPANIES		COMPANIES		AMOUNT

Premiums Earned:

December 31, 2018
Accident and health	$	`281,787`	$	`112`	$	`20,632`	$	`261,267`
Life and annuity		`55,303`		`577`		`37,360`		`18,520`
Property and liability		`41,846`		`-`		`385`		`41,461`
	$	`378,936`	$	`689`	$	`58,377`	$	`321,248`

December 31, 2017
Accident and health	$	`249,134`	$	`7,574`	$	`32,290`	$	`224,418`
Life and annuity		`56,194`		`795`		`38,899`		`18,090`
Property and liability		`40,139`		`-`		`381`		`39,758`
	$	`345,467`	$	`8,369`	$	`71,570`	$	`282,266`

Insurance benefits, claims and reserves:

December 31, 2018	$	`188,319`	$	`1,111`	$	`45,224`	$	`144,206`
December 31, 2017	$	`199,063`	$	`5,965`	$	`69,974`	$	`135,054`