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Reinsurance
 6 Months Ended
Jun. 30, 2024
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Abstract]  
Reinsurance REINSURANCE
In the normal course of business, the Company reinsures portions of certain policies that we underwrite to mitigate exposure to potential losses and/or to provide additional capacity for growth. In our international business, we generally retain $100,000 on any one individual life insurance policy and reinsure the death benefit amount above $100,000. We also reinsure 100% of our accidental death benefit rider coverage. In the second quarter of 2024, CICA Domestic entered into a coinsurance agreement with RGA Reinsurance Company ("RGA"). Under this agreement, CICA Domestic initially elected for RGA to reinsure 50% of its newly written final expense business.

Prior to 2024, the Company maintained catastrophic reinsurance for its Louisiana property and casualty business operated through Security Plan Fire Insurance Company. This reinsurance had a net retention on any one loss of $30,000, which was the maximum policy limit on any single risk. The Company ceased this business in June 2023 and thus did not renew this reinsurance.

Our amounts recoverable from reinsurers represent receivables from and reserves ceded to reinsurers.  We obtain reinsurance from multiple reinsurers. We monitor our reinsurance concentration as well as the financial strength ratings of our reinsurers. Their ratings by A.M. Best Company range from A- (Excellent) to A+ (Superior).  

Assumed and ceded life reinsurance activity is summarized as follows:


(In thousands)
June 30, 2024December 31, 2023
Aggregate assumed life insurance in force$3,772 3,772 
Aggregate ceded life insurance in force$673,880 619,597 
Net life insurance in force$4,449,826 4,306,429 
The Company's reinsurance recoverable on ceded reinsurance was $5.2 million and $4.0 million as of June 30, 2024 and December 31, 2023, respectively.  Premiums, claims and surrenders assumed and ceded and expenses ceded for all lines of business for the three and six months ended June 30, 2024 and 2023 are summarized as follows:

 Three Months EndedSix Months Ended
June 30,June 30,
(In thousands)2024202320242023
Premiums from short duration contracts:
  
Direct$475 1,741 927 3,637 
Assumed— — — — 
Ceded(1)(1,255)(2)(1,782)
Net premiums earned474 486 925 1,855 
Premiums from long duration contracts:
  
Direct43,450 39,655 82,056 77,197 
Assumed16 16 33 36 
Ceded(1,381)(431)(1,782)(1,113)
Net premiums earned42,085 39,240 80,307 76,120 
Total premiums earned$42,559 39,726 81,232 77,975 
Claims and surrenders assumed$41 35 75 67 
Claims and surrenders ceded
$(697)(172)(1,481)(524)
Commissions assumed and ceded
$(949)9 (941)18 
Other general expenses ceded$(156)— (156)—