Liability for Unpaid Claims

3 Months Ended

Mar. 31, 2026

Note 8—Liability for Unpaid Claims

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


	March 31, 2026		December 31, 2025
Balance at beginning of period	$	225,237	$	210,994
Less reinsurance recoverables	(1,233)		(1,521)
Net balance at beginning of period	224,004		209,473
Incurred related to:
Current year	247,284		851,946
Prior years	(3,365)		(1,831)
Total incurred	243,919		850,115
Paid related to:
Current year	107,594		659,556
Prior years	124,764		176,028
Total paid	232,358		835,584
Net balance at end of period	235,565		224,004
Plus reinsurance recoverables	1,035		1,233
Balance at end of period	$	236,600	$	225,237

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


	March 31, 2026		December 31, 2025
Policy claims and other benefits payable:
Life insurance	$	311,928	$	315,595
Health insurance	236,600		225,237
Total	$	548,528	$	540,832

- 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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