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Life Settlement Portfolio (Tables)
12 Months Ended
Dec. 31, 2022
Insurance [Abstract]  
Schedule of Life Settlement Contracts, Fair Value Method
As of December 31, 2022, the Company’s life settlement portfolio consists of the following (dollars in thousands):
Number of PoliciesFace Value (Death Benefit)Acquisition CostPremium CostEstimated Fair Value
TotalRangeTotalRangeTotalRangeTotalRangeTotal
28
$1,500 -$15,000
$142,952 
$350 - $3,895
$48,132 
$0 - $580
$4,589 $0
$117 - $6,095
$67,711 
Remaining Life Expectancy (in years)NumberFace ValueFair Value
0 - 1
2$7,000 $5,950 
1 - 2
27,350 4,774 
2 - 3
519,061 11,393 
3 - 4
851,351 27,648 
4 - 5
317,100 7,978 
Thereafter841,090 9,968 
Total28$142,952 $67,711 
Life Settlement Contracts, Future Premiums Payable
The premiums to be paid for each of the five succeeding calendar years to keep the life settlement contracts in force as of December 31, 2022, assuming no maturities occur in that period, are as follows (dollars in thousands):
YearPremiums
20235,279 
20245,769 
20256,295 
20267,011 
20277,675