| Schedule of Liability For Future Policy Benefits and Unpaid Claims |
Changes in policy claims and other benefits payable were as follows:
|
|
|
|
|
|
|
|
|
|
|
Three months ended March 31, |
|
|
|
2026 |
|
|
2025 |
|
|
|
(In thousands) |
|
Policy claims and other benefits payable, beginning of period |
|
$ |
495,356 |
|
|
$ |
488,350 |
|
Less reinsured policy claims and other benefits payable |
|
|
529,936 |
|
|
|
518,210 |
|
Net balance, beginning of period |
|
|
(34,580 |
) |
|
|
(29,860 |
) |
Incurred related to current year |
|
|
70,176 |
|
|
|
66,846 |
|
Incurred related to prior years (1) |
|
|
(6,310 |
) |
|
|
(225 |
) |
Total incurred |
|
|
63,866 |
|
|
|
66,621 |
|
Claims paid related to current year, net of reinsured policy claims received |
|
|
(110,344 |
) |
|
|
(118,463 |
) |
Reinsured policy claims received related to prior years, net of claims paid |
|
|
54,554 |
|
|
|
42,712 |
|
Total paid |
|
|
(55,790 |
) |
|
|
(75,751 |
) |
Foreign currency translation |
|
|
(157 |
) |
|
|
6 |
|
Net balance, end of period |
|
|
(26,661 |
) |
|
|
(38,984 |
) |
Add reinsured policy claims and other benefits payable |
|
|
515,547 |
|
|
|
533,718 |
|
Balance, end of period |
|
$ |
488,886 |
|
|
$ |
494,734 |
|
(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.
|