XML 60 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
Reinsurance
 6 Months Ended
Jun. 30, 2014
Insurance [Abstract]  
Reinsurance
Note 6 - Reinsurance
 
The Company recognizes the cost of reinsurance premiums over the contract periods for such premiums in proportion to the insurance protection provided. Amounts recoverable from reinsurers for unpaid claims and claim settlement expenses, including estimated amounts for unsettled claims, claims incurred but not yet reported and policy benefits, are estimated in a manner consistent with the insurance liability associated with the policy. The effects of reinsurance on premiums written and contract deposits; premiums and contract charges earned; and benefits, claims and settlement expenses were as follows:
 
 
 
 
 
 
Ceded to
 
Assumed
 
 
 
 
 
Gross
 
Other
 
from Other
 
Net
 
 
Amount
 
Companies
 
Companies
 
Amount
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended June 30, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Premiums written and contract deposits
 
 
$
298,163
 
 
 
$
6,712
 
 
 
$
942
 
 
 
$
292,393
 
Premiums and contract charges earned
 
 
 
185,169
 
 
 
 
6,893
 
 
 
 
862
 
 
 
 
179,138
 
Benefits, claims and settlement expenses
 
 
 
129,163
 
 
 
 
2,684
 
 
 
 
679
 
 
 
 
127,158
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended June 30, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Premiums written and contract deposits
 
 
$
274,199
 
 
 
$
7,509
 
 
 
$
1,013
 
 
 
$
267,703
 
Premiums and contract charges earned
 
 
 
178,344
 
 
 
 
7,697
 
 
 
 
914
 
 
 
 
171,561
 
Benefits, claims and settlement expenses
 
 
 
122,835
 
 
 
 
2,718
 
 
 
 
648
 
 
 
 
120,765
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six months ended, June 30, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Premiums written and contract deposits
 
 
$
564,600
 
 
 
$
13,343
 
 
 
$
1,411
 
 
 
$
552,668
 
Premiums and contract charges earned
 
 
 
366,902
 
 
 
 
13,786
 
 
 
 
1,425
 
 
 
 
354,541
 
Benefits, claims and settlement expenses
 
 
 
244,040
 
 
 
 
6,129
 
 
 
 
1,235
 
 
 
 
239,146
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six months ended June 30, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Premiums written and contract deposits
 
 
$
526,264
 
 
 
$
14,912
 
 
 
$
1,429
 
 
 
$
512,781
 
Premiums and contract charges earned
 
 
 
354,652
 
 
 
 
15,361
 
 
 
 
1,428
 
 
 
 
340,719
 
Benefits, claims and settlement expenses
 
 
 
237,013
 
 
 
 
4,649
 
 
 
 
1,100
 
 
 
 
233,464