XML 12 R12.htm IDEA: XBRL DOCUMENT
v3.19.3

Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses | 9 Months Ended
--- | ---
Sep. 30, 2019
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 for the nine months ended September 30, 2019 and 2018 is as follows:
|  | Nine Months Ended September 30, |
|  | 2019 |  |  | 2018 |
Beginning liabilities for unpaid losses, claims and loss adjustment expenses, gross |  | $ | 72,612 |  |  | $ | 65,689 |
Less: Reinsurance recoverable on unpaid losses |  |  | (14,354 | ) |  |  | (11,968 | )
Beginning liabilities for unpaid losses, claims and loss adjustment expenses, net |  |  | 58,258 |  |  |  | 53,721 |
Incurred related to: |  |  |  |  |  |  |  |
Current accident year |  |  | 103,017 |  |  |  | 96,424 |
Prior accident year development |  |  | (629 | ) |  |  | (1,049 | )
Total incurred |  |  | 102,388 |  |  |  | 95,375 |
Paid related to: |  |  |  |  |  |  |  |
Current accident year |  |  | 66,682 |  |  |  | 62,598 |
Prior accident years |  |  | 34,314 |  |  |  | 28,950 |
Total paid |  |  | 100,996 |  |  |  | 91,548 |
Ending liabilities for unpaid losses, claims and loss adjustment expenses, net |  |  | 59,650 |  |  |  | 57,548 |
Plus: Reinsurance recoverable on unpaid losses |  |  | 16,611 |  |  |  | 14,268 |
Ending liabilities for unpaid losses, claims and loss adjustment expenses, gross |  | $ | 76,261 |  |  | $ | 71,816 |
Following is a reconciliation of total incurred losses to total insurance benefits and losses incurred for the nine months ended September 30, 2019 and 2018:
|  | Nine Months Ended September 30, |
|  | 2019 |  |  | 2018 |
Total incurred losses |  | $ | 102,388 |  |  | $ | 95,375 |
Cash surrender value and matured endowments |  |  | 1,020 |  |  |  | 1,057 |
Benefit reserve changes |  |  | 769 |  |  |  | 2,046 |
Total insurance benefits and losses incurred |  | $ | 104,177 |  |  | $ | 98,478 |

X
- References No definition available. + Details
Name: | us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpenseAbstract
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://www.xbrl.org/2003/role/disclosureRef -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