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Reinsurance (Tables) | 3 Months Ended
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Mar. 31, 2025
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Abstract] |
Effects of Reinsurance |
(In thousands) | March 31, 2025 |  | December 31, 2024
Insurance in force: |  |  |
Direct life insurance in force | $ | 5,282,585 |  |  | 5,227,506 |
Aggregate assumed life insurance in force | 3,427 |  |  | 3,427 |
Aggregate ceded life insurance in force | (838,457) |  |  | (821,215) |
Net life insurance in force | $ | 4,447,555 |  |  | 4,409,718 |
The Company's reinsurance recoverable on ceded reinsurance was $7.9 million and $6.9 million as of March 31, 2025 and December 31, 2024, respectively. Premiums, claims and surrenders assumed and ceded, and expenses ceded for all lines of business are summarized for the periods indicated below.
|  |  | Three Months Ended |  |
|  |  | March 31, |  |
(In thousands) |  |  |  |  | 2025 |  | 2024 |  |
Premiums from short duration contracts: |  |  |  |  |  |  |  |  |
Direct |  |  |  |  | $ | 449 |  |  | 452 |  |  |
Ceded |  |  |  |  | (1) |  |  | (1) |  |  |
Net premiums earned |  |  |  |  | 448 |  |  | 451 |  |  |
Premiums from long duration contracts: |  |  |  |  |  |  |  |  |
Direct |  |  |  |  | 41,901 |  |  | 38,606 |  |  |
Assumed |  |  |  |  | 11 |  |  | 17 |  |  |
Ceded |  |  |  |  | (2,563) |  |  | (401) |  |  |
Net premiums earned |  |  |  |  | 39,349 |  |  | 38,222 |  |  |
Total premiums earned |  |  |  |  | $ | 39,797 |  |  | 38,673 |  |  |
Claims and surrenders assumed |  |  |  |  | $ | (40) |  |  | 34 |  |  |
Claims and surrenders ceded |  |  |  |  | $ | (677) |  |  | (784) |  |  |
Commissions assumed and ceded |  |  |  |  | $ | (3,125) |  |  | 8 |  |  |
Other general expenses ceded |  |  |  |  | $ | (588) |  |  | — |  |  |

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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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