Liability for Unpaid Claims

6 Months Ended

Jun. 30, 2025

Note 8—Liability for Unpaid Claims

Activity in the liability for unpaid health claims is summarized as follows:


	June 30, 2025		December 31, 2024
Balance at beginning of period	$	210,994	$	194,809
Less reinsurance recoverables	(1,521)		(2,157)
Net balance at beginning of period	209,473		192,652
Incurred related to:
Current year	422,468		767,076
Prior years	3,248		(10,460)
Total incurred	425,716		756,616
Paid related to:
Current year	263,694		587,473
Prior years	151,463		152,322
Total paid	415,157		739,795
Net balance at end of period	220,032		209,473
Plus reinsurance recoverables	1,395		1,521
Balance at end of period	$	221,427	$	210,994

Below is the reconciliation of the liability of "Policy claims and other benefits payable" in the Condensed Consolidated Balance Sheets.


	June 30, 2025		December 31, 2024
Policy claims and other benefits payable:
Life insurance	$	310,752	$	321,838
Health insurance	221,427		210,994
Total	$	532,179	$	532,832

- Definition

The entire disclosure for the types of coverages and products sold, and the assets, obligations, recorded liabilities, revenues and expenses arising therefrom, and the amounts of and methodologies and assumptions used in determining the amounts of such items.

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