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Reinsurance (Tables) | 9 Months Ended
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Sep. 30, 2024
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Abstract] |
Effects of Reinsurance | Assumed and ceded life reinsurance activity is summarized as follows:
(In thousands) | September 30, 2024 |  | December 31, 2023
Aggregate assumed life insurance in force | $ | 3,605 |  |  | 3,772 |
Aggregate ceded life insurance in force | $ | 712,565 |  |  | 619,597 |
Net life insurance in force | $ | 4,480,563 |  |  | 4,306,429 |
The Company's reinsurance recoverable on ceded reinsurance was $7.3 million and $4.0 million as of September 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 nine months ended September 30, 2024 and 2023 are summarized as follows:
| Three Months Ended |  | Nine Months Ended |  |
| September 30, |  | September 30, |  |
(In thousands) | 2024 |  | 2023 |  | 2024 |  | 2023 |  |
Premiums from short duration contracts: |  |  |  |  |  |  |  |  |
Direct | $ | 449 |  |  | 283 |  |  | 1,376 |  |  | 3,920 |  |  |
Ceded | (14) |  |  | (16) |  |  | (16) |  |  | (1,798) |  |  |
Net premiums earned | 435 |  |  | 267 |  |  | 1,360 |  |  | 2,122 |  |  |
Premiums from long duration contracts: |  |  |  |  |  |  |  |  |
Direct | 44,295 |  |  | 42,156 |  |  | 126,351 |  |  | 119,353 |  |  |
Assumed | 15 |  |  | 16 |  |  | 48 |  |  | 52 |  |  |
Ceded | (1,848) |  |  | (413) |  |  | (3,630) |  |  | (1,526) |  |  |
Net premiums earned | 42,462 |  |  | 41,759 |  |  | 122,769 |  |  | 117,879 |  |  |
Total premiums earned | $ | 42,897 |  |  | 42,026 |  |  | 124,129 |  |  | 120,001 |  |  |
Claims and surrenders assumed | $ | 22 |  |  | 23 |  |  | 97 |  |  | 90 |  |  |
Claims and surrenders ceded | $ | (1,395) |  |  | (133) |  |  | (2,876) |  |  | (657) |  |  |
Commissions assumed and ceded | $ | (2,016) |  |  | 9 |  |  | (2,957) |  |  | 26 |  |  |
Other general expenses ceded | $ | (341) |  |  | — |  |  | (497) |  |  | — |  |  |

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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 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 605 -Topic 944 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479032/944-605-50-1 + Details
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