XML 41 R28.htm IDEA: XBRL DOCUMENT
v3.22.2

Policy Claims and Other Benefits Payable (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
Liability For Future Policy Benefits And Unpaid Claims And Claims Adjustment Expense [Abstract] |
Schedule of Liability For Future Policy Benefits and Unpaid Claims | Changes in policy claims incurred and other benefits payable were as follows:
|  | Six months ended June 30, |
|  | 2022 |  |  | 2021 |
|  | (In thousands) |
Policy claims and other benefits payable, beginning of period |  | $ | 585,382 |  |  | $ | 519,711 |
Less reinsured policy claims and other benefits payable |  |  | 638,007 |  |  |  | 545,857 |
Net balance, beginning of period |  |  | (52,625 | ) |  |  | (26,146 | )
Incurred related to current year |  |  | 127,911 |  |  |  | 137,285 |
Incurred related to prior years (1) |  |  | (2,522 | ) |  |  | (813 | )
Total incurred |  |  | 125,389 |  |  |  | 136,472 |
Claims paid related to current year, net of reinsured policy claims received |  |  | (170,149 | ) |  |  | (213,880 | )
Reinsured policy claims received related to prior years, net of claims paid |  |  | 65,135 |  |  |  | 32,882 |
Total paid |  |  | (105,014 | ) |  |  | (180,998 | )
Foreign currency translation |  |  | (150 | ) |  |  | 210 |
Net balance, end of period |  |  | (32,400 | ) |  |  | (70,462 | )
Add reinsured policy claims and other benefits payable |  |  | 513,629 |  |  |  | 541,752 |
Balance, end of period |  | $ | 481,229 |  |  | $ | 471,290 |
(1) | Includes the difference between our estimate of claims incurred but not yet reported as of period-end and the actual incurred claims reported after period-end.

X
- References No definition available. + Details
Name: | us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpenseAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the activity in the reserve for settling insured claims and expenses incurred in the claims settlement process for the period. The estimated liability includes the amount of money that will be required for future payments of (a) claims that have been reported to the insurer, (b) claims related to insured events that have occurred but that have not been reported to the insurer as of the date the liability is estimated, and (c) claim adjustment expenses. Claim adjustment expenses include costs incurred in the claim settlement process such as legal fees; outside adjuster fees; and costs to record, process, and adjust claims. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=116884095&loc=d3e14764-158437 + Details
Name: | us-gaap_ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration