| Effects of Reinsurance |
The amounts in the Consolidated Statements of Financial Position include the impact of reinsurance. Information regarding the significant effects of reinsurance was as follows at: | | | | | | | | | | | | | | | | Long-term care | | December 31, 2025 | | December 31, 2024 | | Reinsurance recoverable | | | | | | Medico Insurance Company | | $ | 4,466 | | | $ | 4,376 | | | Front Street Re | | 273,981 | | | 266,629 | | | Vista Life and Casualty Reinsurance Co | | 178,273 | | | 179,220 | | | Vista Modco Funds Withheld | | (183,802) | | | (190,771) | | | Total reinsurance recoverable | | $ | 272,918 | | | $ | 259,454 | | | | | | | | Future policy benefits | | | | | | Direct | | $ | 673,636 | | | $ | 666,617 | | | Reinsurance assumed | | 108,245 | | | 102,916 | | | Total future policy benefits | | $ | 781,881 | | | $ | 769,533 | |
The amounts in the Consolidated Statements of Comprehensive Income (Loss) include the impact of reinsurance. Information regarding the significant effects of reinsurance was as follows: | | | | | | | | | | | | | | | | Long-term care | | | | | | Years Ended December 31, | | 2025 | | 2024 | | Net premiums | | | | | | Direct premiums | | $ | 40,993 | | | $ | 43,801 | | | Reinsurance assumed | | 3,978 | | | 4,179 | | | Reinsurance ceded | | (62,171) | | | (63,459) | | | Total net premiums | | $ | (17,200) | | | $ | (15,479) | | | | | | | Net policy benefit and claims (remeasurement gain on policy liabilities of $9,872 and $16,237 for the year ended December 31, 2025 and 2024, respectively) | | | | | | Direct | | $ | 70,489 | | | $ | 76,994 | | | Reinsurance assumed | | 11,711 | | | 6,277 | | Reinsurance ceded, net of provision for credit losses ¹ | | (84,422) | | | (93,362) | | | Total net policyholder benefits and claims | | $ | (2,222) | | | $ | (10,091) | |
_______________ (1)The provision for credit losses for reinsurance recoverables for the year ended December 31, 2025 and December 31, 2024 is $0.3 million, and $(0.4) million, respectively.
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