In the normal course of business, the Company reinsures portions of certain policies that we underwrite to mitigate exposure to potential losses and/or to provide additional capacity for growth. In CICA International, prior to April 1, 2025, we retained up to $100,000 on any one individual life insurance policy and reinsured the death benefit amount. For new policies beginning on such date, we increased our retention amount to $250,000 and reinsure amounts above that. We also reinsure 100% of our accidental death benefit rider coverage. In CLOA, we have a coinsurance agreement with RGA Reinsurance Company ("RGA"). Under this agreement, CLOA has elected RGA to reinsure 50% of its final expense business. The Company remains contingently liable in the event that any of the reinsurers are unable to meet their obligations under any reinsurance agreement.

Our amounts recoverable from reinsurers represent receivables from and reserves ceded to reinsurers. We obtain reinsurance from multiple reinsurers and monitor our reinsurance concentration as well as the financial strength ratings of our reinsurers. Their ratings by A.M. Best Company range from A- (Excellent) to A+ (Superior).


(In thousands)	June 30, 2026		December 31, 2025
Life insurance in force:
Direct life insurance in force	$	5,539,881	5,431,721
Aggregate assumed life insurance in force	3,119		3,193
Aggregate ceded life insurance in force	(943,581)		(910,226)
Net life insurance in force	$	4,599,419	4,524,688

The Company's reinsurance recoverable on ceded reinsurance was $15.2 million and $10.9 million as of June 30, 2026 and December 31, 2025, respectively. Premiums, claims and surrenders assumed and ceded, and expenses ceded for all lines of business are summarized for the periods indicated below.


	Three Months Ended			Six Months Ended
	June 30,			June 30,
(In thousands)	2026		2025	2026	2025
Premiums from short duration contracts:
Direct	$	429	451	841	900

Ceded	—		—	(1)	(1)
Net premiums earned	429		451	840	899
Premiums from long duration contracts:
Direct	47,676		45,950	91,196	87,851
Assumed	12		14	27	25
Ceded	(4,414)		(3,027)	(8,422)	(5,590)
Net premiums earned	43,274		42,937	82,801	82,286
Total premiums earned	$	43,703	43,388	83,641	83,185
Claims and surrenders assumed	$	19	45	39	51
Claims and surrenders ceded	$	(1,513)	(275)	(2,257)	(952)
Commissions assumed and ceded	$	(3,257)	(3,281)	(6,228)	(6,406)
Other general expenses ceded	$	(905)	(695)	(1,708)	(1,283)