| Schedule of Liability For Future Policy Benefits and Unpaid Claims |
Changes in policy claims and other benefits payable were as follows:
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, |
|
|
|
2025 |
|
|
2024 |
|
|
|
(In thousands) |
|
Policy claims and other benefits payable, beginning of period |
|
$ |
488,350 |
|
|
$ |
513,803 |
|
Less reinsured policy claims and other benefits payable |
|
|
518,210 |
|
|
|
534,674 |
|
Net balance, beginning of period |
|
|
(29,860 |
) |
|
|
(20,871 |
) |
Incurred related to current year |
|
|
131,009 |
|
|
|
129,041 |
|
Incurred related to prior years (1) |
|
|
(448 |
) |
|
|
(3,565 |
) |
Total incurred |
|
|
130,561 |
|
|
|
125,476 |
|
Claims paid related to current year, net of reinsured policy claims received |
|
|
(168,712 |
) |
|
|
(194,113 |
) |
Reinsured policy claims received related to prior years, net of claims paid |
|
|
47,541 |
|
|
|
40,413 |
|
Total paid |
|
|
(121,171 |
) |
|
|
(153,700 |
) |
Foreign currency translation |
|
|
305 |
|
|
|
(334 |
) |
Net balance, end of period |
|
|
(20,165 |
) |
|
|
(49,429 |
) |
Add reinsured policy claims and other benefits payable |
|
|
527,718 |
|
|
|
528,202 |
|
Balance, end of period |
|
$ |
507,553 |
|
|
$ |
478,773 |
|
(1)Includes the difference between our estimate of claims incurred but not yet reported as of period-end and the actual incurred claims reported after period-end.
|