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Reinsurance and Policy Benefits and Losses, Claims and Loss Expenses Payable (Table Text Block)
12 Months Ended
Mar. 31, 2025
Supplemental Schedule Of Reinsurance Premiums For Insurance Companies [Abstract]  
Supplemental Schedule Of Reinsurance Premiums For Insurance Companies [Table Text Block]

 

 

Direct
Amount (a)

 

 

Ceded to
Other
Companies

 

 

Assumed
from Other
Companies

 

 

Net
Amount (a)

 

Percentage
of
Amount
Assumed to
Net

 

 

 

 

(In thousands)

 

 

Year ended March 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Life insurance in force

$

 

857,756

 

$

 

47

 

$

 

246,552

 

$

 

1,104,261

 

 

22

 

%

Premiums earned:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Life

$

 

46,038

 

$

 

 

$

 

4,519

 

$

 

50,557

 

 

9

 

%

Accident and health

 

 

32,239

 

 

 

84

 

 

 

590

 

 

 

32,745

 

 

2

 

%

Annuity

 

 

254

 

 

 

 

 

 

151

 

 

 

405

 

 

37

 

%

Property and casualty

 

 

98,900

 

 

 

 

 

 

 

 

 

98,900

 

 

 

%

Total

$

 

177,431

 

$

 

84

 

$

 

5,260

 

$

 

182,607

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended March 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Life insurance in force

$

 

909,894

 

$

 

48

 

$

 

278,445

 

$

 

1,188,291

 

 

23

 

%

Premiums earned:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Life

$

 

49,184

 

$

 

1

 

$

 

4,183

 

$

 

53,366

 

 

8

 

%

Accident and health

 

 

35,324

 

 

 

95

 

 

 

844

 

 

 

36,073

 

 

2

 

%

Annuity

 

 

157

 

 

 

 

 

 

149

 

 

 

306

 

 

49

 

%

Property and casualty

 

 

94,802

 

 

 

 

 

 

 

 

 

94,802

 

 

 

%

Total

$

 

179,467

 

$

 

96

 

$

 

5,176

 

$

 

184,547

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended March 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Life insurance in force

$

 

970,454

 

$

 

48

 

$

 

304,891

 

$

 

1,275,297

 

 

24

 

%

Premiums earned:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Life

$

 

52,298

 

$

 

1

 

$

 

4,181

 

$

 

56,478

 

 

7

 

%

Accident and health

 

 

41,354

 

 

 

152

 

 

 

983

 

 

 

42,185

 

 

2

 

%

Annuity

 

 

80

 

 

 

 

 

 

406

 

 

 

486

 

 

84

 

%

Property and casualty

 

 

96,242

 

 

 

 

 

 

 

 

 

96,242

 

 

 

%

Total

$

 

189,974

 

$

 

153

 

$

 

5,570

 

$

 

195,391

 

 

 

 

Schedule of Effect of Reinsurance [Table Text Block]

 

 

March 31,

 

 

 

2025

 

 

2024

 

 

 

(In thousands)

 

Unpaid losses and loss adjustment expense

$

 

125,605

 

$

 

131,192

 

Reinsurance losses payable

 

 

1,247

 

 

 

1,287

 

Total

$

 

126,852

 

$

 

132,479

 

Schedule of Liability for Unpaid Claims and Claims Adjustment Expense [Table Text Block]

 

 

March 31,

 

 

 

2025

 

 

2024

 

 

2023

 

 

 

(In thousands)

 

Balance at January 1

$

 

131,192

 

$

 

151,874

 

$

 

159,162

 

Less: reinsurance recoverable

 

 

36,188

 

 

 

41,329

 

 

 

47,394

 

Net balance at January 1

 

 

95,004

 

 

 

110,545

 

 

 

111,768

 

Incurred related to:

 

 

 

 

 

 

 

 

 

Current year

 

 

30,293

 

 

 

25,396

 

 

 

27,570

 

Prior years

 

 

(7,663

)

 

 

(13,153

)

 

 

(5,828

)

Total incurred

 

 

22,630

 

 

 

12,243

 

 

 

21,742

 

Paid related to:

 

 

 

 

 

 

 

 

 

Current year

 

 

10,221

 

 

 

9,414

 

 

 

10,572

 

Prior years

 

 

14,177

 

 

 

18,369

 

 

 

12,393

 

Total paid

 

 

24,398

 

 

 

27,783

 

 

 

22,965

 

Net balance at December 31

 

 

93,236

 

 

 

95,004

 

 

 

110,545

 

Plus: reinsurance recoverable

 

 

32,369

 

 

 

36,188

 

 

 

41,329

 

Balance at December 31

$

 

125,605

 

$

 

131,192

 

$

 

151,874

 

Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability [Table Text Block]

Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance

 

 

 

 

 

 

 

 

Accident

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year

 

2019

 

 

2020

 

 

2021

 

 

2022

 

 

2023

 

 

2024

 

 

2025

 

2019

 

 

8,838

 

 

 

12,689

 

 

 

15,150

 

 

 

16,766

 

 

 

16,809

 

 

 

16,851

 

 

 

16,885

 

2020

 

 

 

 

 

7,366

 

 

 

14,737

 

 

 

19,215

 

 

 

21,598

 

 

 

25,122

 

 

 

25,239

 

2021

 

 

 

 

 

 

 

 

7,665

 

 

 

11,114

 

 

 

12,521

 

 

 

13,510

 

 

 

14,005

 

2022

 

 

 

 

 

 

 

 

 

 

 

11,040

 

 

 

14,831

 

 

 

16,829

 

 

 

18,550

 

2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10,572

 

 

 

18,444

 

 

 

22,266

 

2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9,414

 

 

 

14,336

 

2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10,222

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

121,503

 

 

 

All outstanding liabilities before 2019, net of reinsurance

 

 

 

 

 

 

52,077

 

 

 

Liabilities for claims and claim adjustment expenses, net of reinsurance

 

 

 

93,236

 

 

 

 

 

 

 

 

 

Shortduration Insurance Contracts Schedule Of Historical Claims Duration [Table Text Block]

 

 

March 31, 2025

 

 

 

(In thousands)

 

Liabilities for unpaid Property and Casualty claims

 

 

 

and claim adjustment expenses, net of reinsurance

$

 

93,236

 

 

 

 

 

Total reinsurance recoverable on unpaid

 

 

 

Property and Casualty claims

$

 

32,369

 

 

 

 

 

Total gross liability for unpaid Property and Casualty

 

 

 

claims and claim adjustment expense

$

 

125,605

 

Average Annual Percentage Payout of Incurred Claims by Age, net of Reinsurance [Table Text Block]

Average Annual Percentage Payout of Incurred Claims by Age, net of Reinsurance

 

 

(In percentages)

 

 

Years

 

1

 

 

2

 

 

3

 

 

4

 

 

5

 

 

6

 

 

7

 

 

Property and Casualty Insurance

 

 

41.9

 

%

 

23.4

 

%

 

12.9

 

%

 

8.4

 

%

 

5.8

 

%

 

0.4

 

%

 

0.2

 

%