XML 22 R12.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses | 6 Months Ended
--- | ---
Jun. 30, 2018
Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses [Abstract] |
Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses |
Note 5. | Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses
The roll-forward of liabilities for unpaid losses, claims and loss adjustment expenses, by major product, is as follows:
Property and Casualty Insurance Products |  | Six Months Ended June 30, |
|  | 2018 |  |  | 2017 |
Beginning liabilities for unpaid losses, claims and loss adjustment expenses, gross |  | $ | 47,997 |  |  | $ | 49,556 |
Less: Reinsurance recoverable on unpaid losses |  |  | (7,220 | ) |  |  | (9,806 | )
Beginning liabilities for unpaid losses, claims and loss adjustment expenses, net |  |  | 40,777 |  |  |  | 39,750 |
Incurred related to: |  |  |  |  |  |  |  |
Current accident year |  |  | 18,531 |  |  |  | 17,306 |
Prior accident year development (1) |  |  | (659 | ) |  |  | (1,090 | )
Total incurred |  |  | 17,872 |  |  |  | 16,216 |
Paid related to: |  |  |  |  |  |  |  |
Current accident year |  |  | 5,736 |  |  |  | 5,631 |
Prior accident years |  |  | 10,363 |  |  |  | 10,065 |
Total paid |  |  | 16,099 |  |  |  | 15,696 |
Ending liabilities for unpaid losses, claims and loss adjustment expenses, net |  |  | 42,550 |  |  |  | 40,270 |
Plus: Reinsurance recoverable on unpaid losses |  |  | 7,760 |  |  |  | 10,027 |
Ending liabilities for unpaid losses, claims and loss adjustment expenses, gross |  | $ | 50,310 |  |  | $ | 50,297 |
| (1) | In establishing property and casualty reserves, the Company initially reserves for losses at the higher end of the reasonable range if no other value within the range is determined to be more probable. Selection of such an initial loss estimate is an attempt by management to give recognition that initial claims information received generally is not conclusive with respect to legal liability, is generally not comprehensive with respect to magnitude of loss and generally, based on historical experience, will develop more adversely as time passes and more information becomes available. Accordingly, the Company generally experiences reserve redundancies when analyzing the development of prior year losses in a current period.
Medicare Supplement Insurance Products |  | Six Months Ended June 30, |
|  | 2018 |  |  | 2017 |
Beginning liabilities for unpaid losses, claims and loss adjustment expenses, gross |  | $ | 15,859 |  |  | $ | 11,263 |
Less: Reinsurance recoverable on unpaid losses |  |  | (4,748 | ) |  |  | (990 | )
Beginning liabilities for unpaid losses, claims and loss adjustment expenses, net |  |  | 11,111 |  |  |  | 10,273 |
Incurred related to: |  |  |  |  |  |  |  |
Current accident year |  |  | 39,951 |  |  |  | 33,674 |
Prior accident year development |  |  | 606 |  |  |  | 587 |
Total incurred |  |  | 40,557 |  |  |  | 34,261 |
Paid related to: |  |  |  |  |  |  |  |
Current accident year |  |  | 27,722 |  |  |  | 24,301 |
Prior accident years |  |  | 11,006 |  |  |  | 9,706 |
Total paid |  |  | 38,728 |  |  |  | 34,007 |
Ending liabilities for unpaid losses, claims and loss adjustment expenses, net |  |  | 12,940 |  |  |  | 10,527 |
Plus: Reinsurance recoverable on unpaid losses |  |  | 6,907 |  |  |  | 2,746 |
Ending liabilities for unpaid losses, claims and loss adjustment expenses, gross |  | $ | 19,847 |  |  | $ | 13,273 |
Other Life and Health Insurance Products |  | Six Months Ended June 30, |
|  | 2018 |  |  | 2017 |
Beginning liabilities for unpaid losses, claims and loss adjustment expenses, gross |  | $ | 1,833 |  |  | $ | 1,743 |
Less: Reinsurance recoverable on unpaid losses |  |  | - |  |  |  | - |
Beginning liabilities for unpaid losses, claims and loss adjustment expenses, net |  |  | 1,833 |  |  |  | 1,743 |
Incurred related to: |  |  |  |  |  |  |  |
Current accident year |  |  | 4,748 |  |  |  | 3,995 |
Prior accident year development |  |  | (110 | ) |  |  | (44 | )
Total incurred |  |  | 4,638 |  |  |  | 3,951 |
Paid related to: |  |  |  |  |  |  |  |
Current accident year |  |  | 3,050 |  |  |  | 2,685 |
Prior accident years |  |  | 1,503 |  |  |  | 1,524 |
Total paid |  |  | 4,553 |  |  |  | 4,209 |
Ending liabilities for unpaid losses, claims and loss adjustment expenses, net |  |  | 1,918 |  |  |  | 1,485 |
Plus: Reinsurance recoverable on unpaid losses |  |  | - |  |  |  | - |
Ending liabilities for unpaid losses, claims and loss adjustment expenses, gross |  | $ | 1,918 |  |  | $ | 1,485 |
Following is a reconciliation of total incurred losses to total insurance benefits and losses incurred:
|  | Six Months Ended June 30, |
|  | 2018 |  |  | 2017 |
Total incurred losses |  | $ | 63,067 |  |  | $ | 54,428 |
Cash surrender value and matured endowments |  |  | 707 |  |  |  | 817 |
Benefit reserve changes |  |  | 1,617 |  |  |  | 1,784 |
Total insurance benefits and losses incurred |  | $ | 65,391 |  |  | $ | 57,029 |

X
- References No definition available. + Details
Name: | us-gaap_InsuranceAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for liabilities related to future policy benefits and unpaid claims and claim adjustments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -URI http://asc.fasb.org/subtopic&trid=2560295 + Details
Name: | us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration