Insurance Reserves for Losses and Claims (Tables)

3 Months Ended

Mar. 31, 2025

Insurance Reserves for Losses and Claims [Abstract]

Roll-forward of Insurance Reserves for Losses and Claims

The roll-forward of insurance reserves for losses and claims for the three months ended March 31, 2025 and 2024 is as follows:

	Three Months Ended March 31,
	2025			2024
Beginning insurance reserves for losses and claims, gross	$	93,707		$	87,478
Less: Reinsurance recoverable on unpaid losses		(17,390	)		(14,678	)
Beginning insurance reserves for losses and claims, net		76,317			72,800
Incurred related to:
Current accident year		34,008			30,748
Prior accident year development		(4,863	)(1)		(591	)(2)
Total incurred		29,145			30,157
Paid related to:
Current accident year		8,238			6,806
Prior accident years		17,499			23,261
Total paid		25,737			30,067
Ending insurance reserves for losses and claims, net		79,725			72,890
Plus: Reinsurance recoverable on unpaid losses		18,305			15,559
Ending insurance reserves for losses and claims, gross	$	98,030		$	88,449

(1) Prior years’ development was primarily the result of favorable development in the Medicare supplement line of business in the life and health operations.

(2) Prior years’ development was primarily the result of favorable development in the property and casualty operations, partially offset by unfavorable development in the Medicare supplement line of business in the life and health operations.

Reconciliation of Total Incurred Losses to Total Insurance Benefits and Losses

Following is a reconciliation of total incurred losses to total insurance benefits and losses incurred:

	Three Months Ended March 31,
	2025		2024
Total incurred losses	$	29,145	$	30,157
Cash surrender value and matured endowments		907		265
Benefit reserve changes		1,861		1,503
Total insurance benefits and losses incurred	$	31,913	$	31,925