Insurance Reserves and Policyholder Funds (Tables)

12 Months Ended

Dec. 31, 2014

Insurance Reserves And Policyholder Funds [Abstract]

Reserves for life, accident, health and property and casualty losses, including loss adjustment expenses

The following table presents the Company’s reserves for life, accident and health, and property and casualty losses, claims and loss adjustment expenses.

					Amount of Insurance In Force, Net
	2014		2013		2014		2013
Future policy benefits
Life insurance policies:
Ordinary	$	53,555	$	52,915	$	235,856	$	237,694
Mass market		2,475		2,715		3,148		3,504
Individual annuities		130		135		—		—
		56,160		55,765	$	239,004	$	241,198
Accident and health insurance policies		14,685		14,099
		70,845		69,864
Unearned premiums		24,544		27,415
Losses, claims and loss adjustment expenses		66,625		63,018
Other policy liabilities		2,080		2,076
Total insurance reserves and policyholder funds	$	164,094	$	162,373

Summary of activity in liabilities for unpaid loss and claim reserved

Activity in the liability for unpaid loss and claim reserves is summarized as follows:

	2014			2013
Balance at January 1	$	63,018		$	62,873
Less: Reinsurance receivable on unpaid losses		(14,314	)		(18,743	)
Net balance at January 1		48,704			44,130

Incurred related to:
Current year		104,225			97,904
Prior years		(483	)		(1,657	)
Total incurred		103,742			96,247

Paid related to:
Current year		72,443			66,705
Prior years		27,680			24,968
Total paid		100,123			91,673
Net balance at December 31		52,323			48,704
Plus: Reinsurance receivable on unpaid losses		14,302			14,314
Balance at December 31	$	66,625		$	63,018

Reconciliation of total incurred claims to total insurance benefits and losses

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

	2014		2013
Total incurred claims	$	103,742	$	96,247
Cash surrender value and matured endowments		1,574		1,215
Benefit reserve changes		879		2,910
Total insurance benefits and losses incurred	$	106,195	$	100,372

Note 4. Reinsurance

- Definition

The entire disclosure for the present values of future benefits to be paid to or on behalf of policyholders and related expenses less the present value of future net premiums using assumptions such as estimates of expected investment yields, mortality, morbidity, terminations and expenses, applicable at the time the insurance contracts are made and unpaid claim costs relating to insurance contracts including estimates of costs relating to incurred but not reported claims based on the estimated ultimate cost of settling the claims (including effects of inflation and other societal and economic factors), using past experience adjusted for current trends and any other factors that would modify past experience by element such as business segment, country and interest rate range.

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