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Reinsurance Receivables
 9 Months Ended
Sep. 30, 2022
Reinsurance Disclosures [Abstract]  
Reinsurance Receivables Reinsurance Receivables
The following table presents the effect of reinsurance on premiums written and earned by our insurance business for the following periods:
Direct amountCeded to other companiesAssumed from other companiesNet amountPercentage 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 amountCeded to other companiesAssumed from other companiesNet amountPercentage 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 insurance108,598 74,230 7,083 41,451 17.1 %
Property and liability insurance936,007 506,664 336,590 765,933 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 insurance105,827 72,157 7,274 40,944 17.8 %
Property and liability insurance798,660 428,395 219,895 590,160 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 insurance103,321 71,384 5,509 37,446 14.7 %
Property and liability insurance839,271 416,048 167,726 590,949 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 insurance91,793 61,755 6,803 36,841 18.5 %
Property and liability insurance670,077 387,047 153,225 436,255 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 amountCeded to other companiesAssumed from other companiesNet amountPercentage 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 amountCeded to other companiesAssumed from other companiesNet amountPercentage 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 insurance24,826 19,304 6,581 12,103 54.4 %
Property and liability insurance333,582 234,440 133,552 232,694 57.4 %
Total losses and LAE incurred399,401 275,902 140,557 264,056 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 insurance16,608 13,607 2,232 5,233 42.7 %
Property and liability insurance262,447 180,991 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 insurance566,682 479,091 
Total727,174 634,090 
Ceded claim reserves:
Life insurance3,681 3,928 
Accident and health insurance17,808 12,239 
Property and liability insurance227,087 148,962 
Total ceded claim reserves recoverable248,576 165,129 
Other reinsurance settlements recoverable218,577 81,617 
Reinsurance receivables$1,194,327 $880,836 
(1)    Including policyholder account balances ceded.
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 
As of September 30, 2022, the non-affiliated reinsurers from whom our insurance business has the largest receivable balances were: Allianz Global Corporate & Specialty SE (A.M. Best Rating: A+ rated), Accelerant Insurance Limited (A.M. Best Rating: A- rated), and Canada Life Assurance Company (A.M. Best Rating: A+ rated). A majority of the related receivables from these reinsurers are collateralized by assets on hand and letters of credit; receivable balances from authorized reinsurers do not require collateral. Allianz Global Corporate & Specialty SE and Canada Life Assurance Company are authorized reinsurers in the states in which Fortegra’s U.S. based insurance entities are domiciled. The Company monitors authorization status and A.M. Best ratings of its reinsurers periodically. As of September 30, 2022, the Company does not believe there is a risk of loss due to the concentration of credit risk in the reinsurance program given the collateralization.