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Life, Accident and Health Reserves (Tables)

9 Months Ended

Sep. 30, 2018

Insurance [Abstract]

Schedule of Life, Accident and Health Reserves

Life, accident and health reserves consist of the following (in thousands):

		September 30, 2018				December 31, 2017
Long-term care insurance reserves		$	4,115,726			$	1,453,442
Traditional life insurance reserves		318,996				99,951
Other accident and health insurance reserves		272,678				140,568
Total life, accident and health reserves		$	4,707,400			$	1,693,961

The following table sets forth changes in the liability for claims for the portion of our long-term care insurance reserves in scope of the ASU 2015-09 disclosure requirements (in thousands):

		Nine Months Ended September 30,
		2018				2017
Beginning balance		$	243,456			$	226,970
Less: recoverable from reinsurers		(100,611		)		(97,858		)
Beginning balance, net		142,845				129,112
Incurred related to insured events of:
Current year		54,455				44,611
Prior years		6,053				(1,449		)
Total incurred		60,508				43,162
Paid related to insured events of:
Current year		(3,927		)		(4,054		)
Prior years		(36,868		)		(30,505		)
Total paid		(40,795		)		(34,559		)
Interest on liability for policy and contract claims		4,128				3,639
Reserve for business acquired during the current period		341,211				—
Ending balance, net		507,897				141,354
Add: recoverable from reinsurers		159,055				115,176
Ending balance		$	666,952			$	256,530

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- References

No definition available.

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=99382578&loc=d3e14764-158437

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