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Policy Claim Liabilities and Short Duration Contracts (Tables) | 12 Months Ended
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Dec. 31, 2023
Insurance [Abstract] |
Schedule of Liability for Unpaid Claims and Claims Adjustment Expense [Table Text Block] | The following table presents information on changes in the liability for life, accident and health and property policy and contract claims.
Years ended December 31, (In thousands) | 2023 |  | 2022 |  | 2021
Policy claims payable: |  |  |  |  |
Balance at January 1 | $ | 9,884 |  |  | 14,590 |  |  | 13,206 |
Less: reinsurance recoverable | 2,070 |  |  | 2,469 |  |  | 3,012 |
Net balance at January 1 | 7,814 |  |  | 12,121 |  |  | 10,194 |
Add claims incurred, related to: |  |  |  |  |
Current year | 25,630 |  |  | 28,720 |  |  | 32,595 |
Prior years(1) | (522) |  |  | (46) |  |  | 1,052 |
| 25,108 |  |  | 28,674 |  |  | 33,647 |
Deduct claims paid, related to: |  |  |  |  |
Current year | 20,786 |  |  | 22,771 |  |  | 23,369 |
Prior years | 6,797 |  |  | 10,210 |  |  | 8,351 |
| 27,583 |  |  | 32,981 |  |  | 31,720 |
Net balance December 31 | 5,339 |  |  | 7,814 |  |  | 12,121 |
Plus: reinsurance recoverable | 1,298 |  |  | 2,070 |  |  | 2,469 |
Balance at December 31 | $ | 6,637 |  |  | 9,884 |  |  | 14,590 |
(1) This line is primarily impacted by the level of claim resolutions in the period compared to that which is expected by the reserve assumption. A positive number implies an unfavorable result where claim resolutions were less favorable than assumed while a negative number implies a favorable result compared to assumptions. Our claim assumptions will vary from actual experience in any one period, either favorably or unfavorably.
Short-duration Insurance Contracts, Claims Development | This information is presented for the last five years as these claims rarely pay out over a longer period of time.
|  | As of December 31, 2023
| Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance | Total of Incurred-but-Not-Reported Liabilities Plus Expected Development on Reported Claims | Cumulative Number of Reported Claims
| For the Years Ended December 31,
($ In thousands) | 2019 | 2020 | 2021 | 2022 | 2023
Accident Year: | (Unaudited) |  |  |
2019 | $ | 1,549 |  | 1,150 |  | 1,161 |  | 1,106 |  | 1,105 |  | — |  | 610 |
2020 |  | 2,598 |  | 2,670 |  | 2,577 |  | 2,694 |  | — |  | 2,415 |
2021 |  |  | 2,087 |  | 1,644 |  | 1,312 |  | 2 |  | 2,397 |
2022 |  |  |  | 1,213 |  | 1,262 |  | 4 |  | 362 |
2023 |  |  |  |  | 776 |  | 27 |  | 191 |
Total |  |  |  |  | $ | 7,149 |  |  |
The following table presents paid claims development as of December 31, 2023, net of reinsurance.
| Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance
| Years Ended December 31,
(In thousands) | 2019 | 2020 | 2021 | 2022 | 2023
Accident Year: | (Unaudited) |
2019 | $ | 1,166 |  | 1,071 |  | 1,091 |  | 1,105 |  | 1,105 |
2020 |  | 1,997 |  | 2,639 |  | 2,576 |  | 2,694 |
2021 |  |  | 1,435 |  | 1,638 |  | 1,311 |
2022 |  |  |  | 1,011 |  | 1,259 |
2023 |  |  |  |  | 755 |
Total |  |  |  |  | $ | 7,124 |
All outstanding liabilities before 2019, net of reinsurance |  | $ | — |
Liabilities for claims and claim adjustment expenses, net of reinsurance |  | $ | 33 |
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability | The reconciliation of the net incurred and paid claims development tables to the liability for claims and claim adjustment expenses in the consolidated balance sheets are as follows:
As of December 31, (In thousands) | 2023 |  | 2022
Net outstanding liabilities: |  |  |
Special property | $ | 33 |  |  | 263 |
Other short duration insurance lines | 151 |  |  | 158 |
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance | 184 |  |  | 421 |
Reinsurance recoverable on unpaid claims: |  |  |
Special property | 1,220 |  |  | 1,275 |
Other short duration insurance lines | 78 |  |  | 798 |
Total reinsurance recoverable on unpaid claims | 1,298 |  |  | 2,073 |
Insurance lines other than short duration | 5,155 |  |  | 7,390 |
Total gross liability for unpaid claims and claim adjustment expense | $ | 6,637 |  |  | 9,884 |
Short-duration Insurance Contracts, Schedule of Historical Claims Duration | The following is supplementary information to the consolidated financial statements about average historical claims duration as of December 31, 2023.
Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance (Unaudited)
Years | 1 | 2 | 3 | 4 | 5
Special property | 93 | % | 13 | % | (8) | % | 3 | % | — | %

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- 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 -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480081/944-40-50-3 + Details
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