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THIRD-PARTY REINSURANCE
9 Months Ended
Sep. 30, 2025
Insurance [Abstract]  
THIRD-PARTY REINSURANCE THIRD-PARTY REINSURANCE
Ceded premiums and other costs of ceding business to reinsurers totaled $41.0 million and $46.2 million for the three months ended September 30, 2025 and 2024, respectively, and $125.3 million and $138.8 million for the nine months ended September 30, 2025 and 2024, respectively.  We deduct this cost from insurance policy income.  Reinsurance recoveries netted against insurance policy benefits totaled $98.8 million and $98.4 million for the three months ended September 30, 2025 and 2024, respectively, and $277.4 million and $294.0 million for the nine months ended September 30, 2025 and 2024, respectively.

From time to time, we assume insurance from other companies.  Any costs associated with the assumption of insurance are amortized consistent with the method used to amortize deferred acquisition costs.  Reinsurance premiums assumed totaled $3.4 million and $3.8 million for the three months ended September 30, 2025 and 2024, respectively, and $10.7 million and $11.8 million for the nine months September 30, 2025 and 2024, respectively. Insurance policy benefits related to reinsurance assumed totaled $5.9 million and $8.5 million for the three months ended September 30, 2025 and 2024, respectively, and $17.2 million and $21.5 million for the nine months September 30, 2025 and 2024, respectively.