| Schedule of Effects of Reinsurance |
The amounts in the Condensed Consolidated Statements of Financial Position include the impact of reinsurance. Information regarding the significant effects of reinsurance was as follows at: | | | | | | | | | | | | | | | | Long-term care | | June 30, 2026 | | December 31, 2025 | | Reinsurance recoverable | | | | | | Medico Insurance Company | | $ | 2,231 | | | $ | 4,466 | | | Front Street Re | | 269,487 | | | 273,981 | | | Nichol International Reinsurance (S.A.C), Ltd | | 174,521 | | | 178,273 | | | Nichol Modco Funds Withheld | | (175,118) | | | (183,802) | | | Total reinsurance recoverable | | $ | 271,121 | | | $ | 272,918 | | | | | | | | Future policy benefits | | | | | | Direct | | $ | 652,869 | | | $ | 673,636 | | | Reinsurance assumed | | 103,430 | | | 108,245 | | | Total future policy benefits | | $ | 756,299 | | | $ | 781,881 | |
The amounts in the Condensed Consolidated Statements of Operations include the impact of reinsurance. Information regarding the significant effects of reinsurance was as follows: | | | | | | | | | | | | | | | | Long-term care | | | | | | Three months ended June 30, | | 2026 | | 2025 | | Net premiums | | | | | | Direct premiums | | $ | 9,086 | | | $ | 10,142 | | | Reinsurance assumed | | 968 | | | 988 | | | Reinsurance ceded | | (14,528) | | | (15,368) | | | Total net premiums | | $ | (4,474) | | | $ | (4,238) | | | | | | | Net policy benefit and claims (remeasurement gain on policy liabilities of $6,064 and $2,945, for the three months ended June 30, 2026 and 2025, respectively) | | | | | | Direct | | $ | 12,084 | | | $ | 20,370 | | | Reinsurance assumed | | 412 | | | 2,056 | | | Reinsurance ceded, net of provision for credit losses ¹ | | (16,777) | | | (23,490) | | | Total net policyholder benefits and claims | | $ | (4,281) | | | $ | (1,064) | |
| | | | | | | | | | | | | | | | Long-term care | | | | | | Six months ended June 30, | | 2026 | | 2025 | | Net premiums | | | | | | Direct premiums | | $ | 19,044 | | | $ | 21,109 | | | Reinsurance assumed | | 1,921 | | | 2,078 | | | Reinsurance ceded | | (29,683) | | | (31,438) | | | Total net premiums | | $ | (8,718) | | | $ | (8,251) | | | | | | | Net policy benefit and claims (remeasurement gain on policy liabilities of $10,523 and $3,025, for the six months ended June 30, 2026 and 2025, respectively) | | | | | | Direct | | $ | 26,057 | | | $ | 35,590 | | | Reinsurance assumed | | 1,626 | | | 7,677 | | Reinsurance ceded, net of provision for credit losses ¹ | | (34,599) | | | (42,538) | | | Total net policyholder benefits and claims | | $ | (6,916) | | | $ | 729 | |
_______________ (1)The provision for credit losses for reinsurance recoverables for the three and six months ended June 30, 2026 was less than $(0.1) million. It was $0.1 million and $0.2 million for the three and six months ended June 30, 2025, respectively.
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