Allowance for Expected Credit Losses (Tables)

6 Months Ended

Jun. 30, 2020

Credit Loss [Abstract]

Premiums receivable

The following table provides a roll forward of the allowance for expected credit losses of the Company’s premium receivables:

	June 30, 2020
	Premium Receivables, Net of Allowance		Allowance for Expected Credit Losses
Three Months Ended
Balance at beginning of period	$	2,155,204	$	27,990
Cumulative effect of accounting change (1)			—
Change for provision of expected credit losses (2)			8,064
Balance at end of period	$	2,203,753	$	36,054
Six Months Ended
Balance at beginning of period	$	1,778,717	$	21,003
Cumulative effect of accounting change (1)			6,539
Change for provision of expected credit losses (2)			8,512
Balance at end of period	$	2,203,753	$	36,054

(1) Adoption of ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326)” See note 1.

(2) Amounts deemed uncollectible are written-off in operating expenses. For the 2020 second quarter and six months ended June 30, 2020, amounts written off totaled $1.8 million and $2.3 million, respectively.

Reinsurance recoverables

The following table provides a roll forward of the allowance for expected credit losses of the Company’s reinsurance recoverables:

	June 30, 2020
	Reinsurance Recoverables, Net of Allowance		Allowance for Expected Credit Losses
Three Months Ended
Balance at beginning of period	$	4,303,135	$	13,700
Cumulative effect of accounting change (1)			—
Change for provision of expected credit losses			(105		)
Balance at end of period	$	4,363,507	$	13,595
Six Months Ended
Balance at beginning of period	$	4,346,816	$	1,364
Cumulative effect of accounting change (1)			12,010
Change for provision of expected credit losses			221
Balance at end of period	$	4,363,507	$	13,595

(1) Adoption of ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326)” See note 1.

Contractholder receivables

The following table provides a roll forward of the allowance for expected credit losses of the Company’s contractholder receivables:

	June 30, 2020
	Contractholder Receivables, Net of Allowance		Allowance for Expected Credit Losses
Three Months Ended
Balance at beginning of period	$	2,140,724	$	9,038
Cumulative effect of accounting change (1)			—
Change for provision of expected credit losses			(2,748		)
Balance at end of period	$	2,179,124	$	6,290
Six Months Ended
Balance at beginning of period	$	2,119,460	$	—
Cumulative effect of accounting change (1)			6,663
Change for provision of expected credit losses			(373		)
Balance at end of period	$	2,179,124	$	6,290

(1) Adoption of ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326)” See note 1.