Liability for Unpaid Claims

6 Months Ended

Jun. 30, 2026

Note 8—Liability for Unpaid Claims

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


	June 30, 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	499,329		851,946
Prior years	(1,382)		(1,831)
Total incurred	497,947		850,115
Paid related to:
Current year	319,278		659,556
Prior years	158,382		176,028
Total paid	477,660		835,584
Net balance at end of period	244,291		224,004
Plus reinsurance recoverables	999		1,233
Balance at end of period	$	245,290	$	225,237

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


	June 30, 2026		December 31, 2025
Policy claims and other benefits payable:
Life insurance	$	299,258	$	315,595
Health insurance	245,290		225,237
Total	$	544,548	$	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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