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REINSURANCE
3 Months Ended
Mar. 31, 2016
Reinsurance Disclosures [Abstract]  
REINSURANCE
REINSURANCE

The cost of reinsurance ceded totaled $33.6 million and $33.9 million in the first quarters of 2016 and 2015, respectively.  We deduct this cost from insurance policy income.  Reinsurance recoveries netted against insurance policy benefits totaled $40.4 million and $39.4 million in the first quarters of 2016 and 2015, respectively.

From time-to-time, we assume insurance from other companies.  Any costs associated with the assumption of insurance are amortized consistent with the method used to amortize deferred acquisition costs.  Reinsurance premiums assumed totaled $8.8 million and $9.9 million in the first quarters of 2016 and 2015, respectively.