Reinsurance (Tables)

12 Months Ended

Dec. 31, 2016

Reinsurance Disclosures [Abstract]

Schedule of Reinsurance Recoverables

The following table provides details of the reinsurance recoverables balance as of December 31:

	2016		2015
Ceded future policyholder benefits and expenses	$	2,150,020	$	1,826,798
Ceded unearned premium	27,647		24,587
Ceded claims and benefits payable	1,373,742		360,176
Ceded paid losses	13,623		14,363
Total	$	3,565,032	$	2,225,924

Schedule of Reinsurance Recoverable Grouped by A.M. Best Rating

The following table provides the reinsurance recoverable as of December 31, 2016 grouped by A.M. Best rating:

A. M. Best ratings of reinsurer	Ceded future policyholder benefits and expense		Ceded unearned premiums		Ceded claims and benefits payable		Ceded paid losses			Total
A++ or A+	$	1,535,290	$	27,410	$	1,357,202	$	13,465		$	2,933,367
A or A–	614,376		237		16,540		267			631,420
Not rated	354		—		—		3			357
Total	2,150,020		27,647		1,373,742		13,735			3,565,144
Less Allowance:	—		—		—		(112		)	(112		)
Net reinsurance recoverable	$	2,150,020	$	27,647	$	1,373,742	$	13,623		$	3,565,032

Schedule of Effect of Reinsurance on Premiums Earned and Benefits Incurred

The effect of reinsurance on premiums earned and benefits incurred was as follows:

	Years Ended December 31,
	2016									2015									2014
	Long Duration			Short Duration			Total			Long Duration			Short Duration			Total			Long Duration			Short Duration			Total
Direct earned premiums	$	213,720		$	807,972		$	1,021,692		$	209,379		$	843,065		$	1,052,444		$	202,992		$	839,786		$	1,042,778
Premiums assumed	4,585			54,263			58,848			8,365			151,709			160,074			8,400			149,549			157,949
Premiums ceded	(200,622		)	(699,606		)	(900,228		)	(151,031		)	(13,946		)	(164,977		)	(151,491		)	(13,769		)	(165,260		)
Net earned premiums	$	17,683		$	162,629		$	180,312		$	66,713		$	980,828		$	1,047,541		$	59,901		$	975,566		$	1,035,467
Direct policyholder benefits	$	695,763		$	546,886		$	1,242,649		$	414,480		$	550,006		$	964,486		$	661,461		$	542,796		$	1,204,257
Policyholder benefits assumed	15,510			25,626			41,136			18,311			147,193			165,504			21,922			145,597			167,519
Policyholder benefits ceded	(672,214		)	(458,871		)	(1,131,085		)	(373,603		)	(6,803		)	(380,406		)	(616,370		)	(9,305		)	(625,675		)
Net policyholder benefits	$	39,059		$	113,641		$	152,700		$	59,188		$	690,396		$	749,584		$	67,013		$	679,088		$	746,101