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v3.22.2.2

Reinsurance Receivables (Tables) | 9 Months Ended
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Sep. 30, 2022
Reinsurance Disclosures [Abstract] |
Effects of reinsurance | The following table presents the effect of reinsurance on premiums written and earned by our insurance business for the following periods:
| Direct amount |  | Ceded to other companies |  | Assumed from other companies |  | Net amount |  | Percentage of amount - assumed to net
Three Months Ended September 30, 2022 |  |  |  |  |  |  |  |  |
Premiums written: |  |  |  |  |  |  |  |  |
Life insurance | $ | 24,658 |  |  | $ | 12,230 |  |  | $ | 32 |  |  | $ | 12,460 |  |  | 0.3 | %
Accident and health insurance | 40,433 |  |  | 27,905 |  |  | 187 |  |  | 12,715 |  |  | 1.5 | %
Property and liability insurance | 340,593 |  |  | 193,181 |  |  | 171,707 |  |  | 319,119 |  |  | 53.8 | %
Total premiums written | 405,684 |  |  | 233,316 |  |  | 171,926 |  |  | 344,294 |  |  | 49.9 | %
Premiums earned: |  |  |  |  |  |  |  |  |
Life insurance | 21,176 |  |  | 10,514 |  |  | 115 |  |  | 10,777 |  |  | 1.1 | %
Accident and health insurance | 36,453 |  |  | 25,088 |  |  | 233 |  |  | 11,598 |  |  | 2.0 | %
Property and liability insurance | 284,119 |  |  | 151,756 |  |  | 83,139 |  |  | 215,502 |  |  | 38.6 | %
Total premiums earned | $ | 341,748 |  |  | $ | 187,358 |  |  | $ | 83,487 |  |  | $ | 237,877 |  |  | 35.1 | %
| Direct amount |  | Ceded to other companies |  | Assumed from other companies |  | Net amount |  | Percentage of amount - assumed to net
Three Months Ended September 30, 2021 |  |  |  |  |  |  |  |  |
Premiums written: |  |  |  |  |  |  |  |  |
Life insurance | $ | 26,805 |  |  | $ | 12,640 |  |  | $ | 70 |  |  | $ | 14,235 |  |  | 0.5 | %
Accident and health insurance | 41,735 |  |  | 28,701 |  |  | 81 |  |  | 13,115 |  |  | 0.6 | %
Property and liability insurance | 312,988 |  |  | 150,761 |  |  | 35,774 |  |  | 198,001 |  |  | 18.1 | %
Total premiums written | 381,528 |  |  | 192,102 |  |  | 35,925 |  |  | 225,351 |  |  | 15.9 | %
Premiums earned: |  |  |  |  |  |  |  |  |
Life insurance | 19,268 |  |  | 9,994 |  |  | 295 |  |  | 9,569 |  |  | 3.1 | %
Accident and health insurance | 32,292 |  |  | 21,655 |  |  | 1,329 |  |  | 11,966 |  |  | 11.1 | %
Property and liability insurance | 226,446 |  |  | 121,349 |  |  | 48,394 |  |  | 153,491 |  |  | 31.5 | %
Total premiums earned | $ | 278,006 |  |  | $ | 152,998 |  |  | $ | 50,018 |  |  | $ | 175,026 |  |  | 28.6 | %
Nine Months Ended September 30, 2022 |  |  |  |  |  |  |  |  |
Premiums written: |  |  |  |  |  |  |  |  |
Life insurance | $ | 68,753 |  |  | $ | 32,052 |  |  | $ | 127 |  |  | $ | 36,828 |  |  | 0.3 | %
Accident and health insurance | 108,598 |  |  | 74,230 |  |  | 7,083 |  |  | 41,451 |  |  | 17.1 | %
Property and liability insurance | 936,007 |  |  | 506,664 |  |  | 336,590 |  |  | 765,933 |  |  | 43.9 | %
Total premiums written | $ | 1,113,358 |  |  | $ | 612,946 |  |  | $ | 343,800 |  |  | $ | 844,212 |  |  | 40.7 | %
Premiums earned: |  |  |  |  |  |  |  |  |
Life insurance | $ | 61,657 |  |  | $ | 30,949 |  |  | $ | 422 |  |  | $ | 31,130 |  |  | 1.4 | %
Accident and health insurance | 105,827 |  |  | 72,157 |  |  | 7,274 |  |  | 40,944 |  |  | 17.8 | %
Property and liability insurance | 798,660 |  |  | 428,395 |  |  | 219,895 |  |  | 590,160 |  |  | 37.3 | %
Total premiums earned | $ | 966,144 |  |  | $ | 531,501 |  |  | $ | 227,591 |  |  | $ | 662,234 |  |  | 34.4 | %
Nine Months Ended September 30, 2021 |  |  |  |  |  |  |  |  |
Premiums written: |  |  |  |  |  |  |  |  |
Life insurance | $ | 66,109 |  |  | $ | 34,218 |  |  | $ | 757 |  |  | $ | 32,648 |  |  | 2.3 | %
Accident and health insurance | 103,321 |  |  | 71,384 |  |  | 5,509 |  |  | 37,446 |  |  | 14.7 | %
Property and liability insurance | 839,271 |  |  | 416,048 |  |  | 167,726 |  |  | 590,949 |  |  | 28.4 | %
Total premiums written | $ | 1,008,701 |  |  | $ | 521,650 |  |  | $ | 173,992 |  |  | $ | 661,043 |  |  | 26.3 | %
Premiums earned: |  |  |  |  |  |  |  |  |
Life insurance | $ | 54,242 |  |  | $ | 29,405 |  |  | $ | 970 |  |  | $ | 25,807 |  |  | 3.8 | %
Accident and health insurance | 91,793 |  |  | 61,755 |  |  | 6,803 |  |  | 36,841 |  |  | 18.5 | %
Property and liability insurance | 670,077 |  |  | 387,047 |  |  | 153,225 |  |  | 436,255 |  |  | 35.1 | %
Total premiums earned | $ | 816,112 |  |  | $ | 478,207 |  |  | $ | 160,998 |  |  | $ | 498,903 |  |  | 32.3 | %
The following table presents the components of policy and contract benefits, including the effect of reinsurance on losses and loss adjustment expenses (LAE) incurred:
| Direct amount |  | Ceded to other companies |  | Assumed from other companies |  | Net amount |  | Percentage of amount - assumed to net
Three Months Ended September 30, 2022 |  |  |  |  |  |  |  |  |
Losses and LAE Incurred |  |  |  |  |  |  |  |  |
Life insurance | $ | 13,383 |  |  | $ | 7,388 |  |  | $ | 78 |  |  | $ | 6,073 |  |  | 1.3 | %
Accident and health insurance | 6,855 |  |  | 4,966 |  |  | 488 |  |  | 2,377 |  |  | 20.5 | %
Property and liability insurance | 119,369 |  |  | 87,898 |  |  | 57,906 |  |  | 89,377 |  |  | 64.8 | %
Total losses and LAE incurred | 139,607 |  |  | 100,252 |  |  | 58,472 |  |  | 97,827 |  |  | 59.8 | %
| Member benefit claims (1) |  | 23,415 |  |  |
| Total policy and contract benefits |  | $ | 121,242 |  |  |
| Direct amount |  | Ceded to other companies |  | Assumed from other companies |  | Net amount |  | Percentage of amount - assumed to net
Three Months Ended September 30, 2021 |  |  |  |  |  |  |  |  |
Losses and LAE Incurred |  |  |  |  |  |  |  |  |
Life insurance | $ | 13,398 |  |  | $ | 7,610 |  |  | $ | 116 |  |  | $ | 5,904 |  |  | 2.0 | %
Accident and health insurance | 6,689 |  |  | 5,691 |  |  | 913 |  |  | 1,911 |  |  | 47.8 | %
Property and liability insurance | 90,094 |  |  | 57,568 |  |  | 20,911 |  |  | 53,437 |  |  | 39.1 | %
Total losses and LAE incurred | 110,181 |  |  | 70,869 |  |  | 21,940 |  |  | 61,252 |  |  | 35.8 | %
| Member benefit claims (1) |  | 19,579 |  |  |
| Total policy and contract benefits |  | $ | 80,831 |  |  |
Nine Months Ended September 30, 2022 |  |  |  |  |  |  |  |  |
Losses and LAE Incurred |  |  |  |  |  |  |  |  |
Life insurance | $ | 40,993 |  |  | $ | 22,158 |  |  | $ | 424 |  |  | $ | 19,259 |  |  | 2.2 | %
Accident and health insurance | 24,826 |  |  | 19,304 |  |  | 6,581 |  |  | 12,103 |  |  | 54.4 | %
Property and liability insurance | 333,582 |  |  | 234,440 |  |  | 133,552 |  |  | 232,694 |  |  | 57.4 | %
Total losses and LAE incurred | 399,401 |  |  | 275,902 |  |  | 140,557 |  |  | 264,056 |  |  | 53.2 | %
| Member benefit claims (1) |  | 66,297 |  |  |
| Total policy and contract benefits |  | $ | 330,353 |  |  |
Nine Months Ended September 30, 2021 |  |  |  |  |  |  |  |  |
Losses and LAE Incurred |  |  |  |  |  |  |  |  |
Life insurance | $ | 40,940 |  |  | $ | 23,987 |  |  | $ | 481 |  |  | $ | 17,434 |  |  | 2.8 | %
Accident and health insurance | 16,608 |  |  | 13,607 |  |  | 2,232 |  |  | 5,233 |  |  | 42.7 | %
Property and liability insurance | 262,447 |  |  | 180,991 |  |  | 77,121 |  |  | 158,577 |  |  | 48.6 | %
Total losses and LAE incurred | 319,995 |  |  | 218,585 |  |  | 79,834 |  |  | 181,244 |  |  | 44.0 | %
| Member benefit claims (1) |  | 55,954 |  |  |
| Total policy and contract benefits |  | $ | 237,198 |  |  |
(1) Member benefit claims are not covered by reinsurance. The following table presents the components of the reinsurance receivables:
|  | As of
|  | September 30, 2022 |  |  | December 31, 2021
Prepaid reinsurance premiums: |  |  |  |  |
Life insurance (1) |  | $ | 76,898 |  |  |  | $ | 73,478 |
Accident and health insurance (1) |  | 83,594 |  |  |  | 81,521 |
Property and liability insurance |  | 566,682 |  |  |  | 479,091 |
Total |  | 727,174 |  |  |  | 634,090 |
Ceded claim reserves: |  |  |  |  |
Life insurance |  | 3,681 |  |  |  | 3,928 |
Accident and health insurance |  | 17,808 |  |  |  | 12,239 |
Property and liability insurance |  | 227,087 |  |  |  | 148,962 |
Total ceded claim reserves recoverable |  | 248,576 |  |  |  | 165,129 |
Other reinsurance settlements recoverable |  | 218,577 |  |  |  | 81,617 |
Reinsurance receivables |  | $ | 1,194,327 |  |  |  | $ | 880,836 |
(1) Including policyholder account balances ceded.
Components of reinsurance receivable | The following table presents the aggregate amount included in reinsurance receivables that is comprised of the three largest receivable balances from non-affiliated reinsurers:
| As of
| September 30, 2022
Total of the three largest receivable balances from non-affiliated reinsurers | $ | 193,533 |

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- Definition Represents the ceded receivables to reinsurers where the credit risk is minimized due to collateralization of reserves utilizing trust accounts and letters of credit. + References No definition available. + Details
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- Definition Tabular disclosure of the effects of reinsurance, for example, but not limited to, disclosure of direct, assumed, and ceded insurance. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 605 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6486672&loc=d3e27261-158547 + Details
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