The following table presents the effect of reinsurance on premiums written and earned by our specialty insurance business for the following periods:



	Direct amount		Ceded to other companies		Assumed from other companies		Net amount		Percentage of amount - assumed to net
For the Year ended December 31, 2017
Premiums written:
Life insurance	$	63,196	$	32,358	$	2,011	$	32,849	6.1	%
Accident and health insurance	119,227		79,278		3,247		43,196		7.5	%
Property and liability insurance	553,111		238,614		27,480		341,977		8.0	%
Total premiums written	735,534		350,250		32,738		418,022		7.8	%

Premiums earned:
Life insurance	61,780		30,567		1,942		33,155		5.9	%
Accident and health insurance	111,124		76,549		3,198		37,773		8.5	%
Property and liability insurance	486,913		201,576		15,435		300,772		5.1	%
Total premiums earned	$	659,817	$	308,692	$	20,575	$	371,700	5.5	%

For the Year ended December 31, 2016
Premiums written:
Life insurance	$	65,152	$	34,044	$	2,522	$	33,630	7.5	%
Accident and health insurance	116,861		79,396		3,335		40,800		8.2	%
Property and liability insurance	505,147		257,677		15,270		262,740		5.8	%
Total premiums written	687,160		371,117		21,127		337,170		6.3	%

Premiums earned:
Life insurance	61,921		30,015		2,543		34,449		7.4	%
Accident and health insurance	112,847		79,754		3,262		36,355		9.0	%
Property and liability insurance	496,418		343,820		6,034		158,632		3.8	%
Total premiums earned	$	671,186	$	453,589	$	11,839	$	229,436	5.2	%

For the Year ended December 31, 2015
Premiums written:
Life insurance	$	67,416	$	36,826	$	3,000	$	33,590	8.9	%
Accident and health insurance	124,862		88,342		3,095		39,615		7.8	%
Property and liability insurance	480,533		378,744		7,102		108,891		6.5	%
Total premiums written	672,811		503,912		13,197		182,096		7.2	%

Premiums earned:
Life insurance	57,203		25,739		3,011		34,475		8.7	%
Accident and health insurance	112,474		78,954		3,051		36,571		8.3	%
Property and liability insurance	416,986		325,176		3,409		95,219		3.6	%
Total premiums earned	$	586,663	429,869		$	9,471	$	166,265	5.7	%

The following table presents the components of policy and contract benefits, including the effect of reinsurance on losses and loss adjustment expenses ("LAE") incurred:



	Direct amount		Ceded to other companies		Assumed from other companies		Net amount		Percentage of amount - assumed to net
For the Year ended December 31, 2017
Losses Incurred
Life insurance	$	33,068	$	18,388	$	879	$	15,559	5.6	%
Accident and health insurance	17,512		14,421		752		3,843		19.6	%
Property and liability insurance	198,484		118,262		8,915		89,137		10.0	%
Total losses incurred	249,064		151,071		10,546		108,539		9.7	%

	Member benefit claims ⁽¹⁾						15,420
	Total policy and contract benefits						$	123,959

For the Year ended December 31, 2016
Losses Incurred
Life insurance	$	32,574	$	16,945	$	1,184	$	16,813	7.0	%
Accident and health insurance	19,250		16,339		871		3,782		23.0	%
Property and liability insurance	219,538		158,520		3,337		64,355		5.2	%
Total losses incurred	271,362		191,804		5,392		84,950		6.3	%

	Member benefit claims ⁽¹⁾						21,834
	Total policy and contract benefits						$	106,784

For the Year ended December 31, 2015
Losses Incurred
Life insurance	$	27,583	$	12,468	$	1,163	$	16,278	7.1	%
Accident and health insurance	16,613		13,555		860		3,918		21.9	%
Property and liability insurance	132,775		98,700		2,297		36,372		6.3	%
Total losses incurred	176,971		124,723		4,320		56,568		7.6	%

	Member benefit claims ⁽¹⁾						29,744
	Total policy and contract benefits						$	86,312

(1) - Member benefit claims are not covered by reinsurance.

The following table presents the components of the reinsurance receivables:



	As of December 31,
	2017		2016
Prepaid reinsurance premiums:
Life ⁽¹⁾	$	65,218	$	64,621
Accident and health ⁽¹⁾	56,729		53,999
Property ⁽²⁾	131,735		94,091
Total	253,682		212,711

Ceded claim reserves:
Life	2,988		2,929
Accident and health	9,575		10,435
Property	61,406		49,917
Total ceded claim reserves recoverable	73,969		63,281
Other reinsurance settlements recoverable	25,316		20,242
Reinsurance receivables	$	352,967	$	296,234


(1)	Including policyholder account balances ceded.


(2)	The December 31, 2016 amount includes a non-cash transaction, as part of a reinsurance contract cancellation that resulted in a reduction of $92,854 in reinsurance receivable, offset by an increase of $88,857 in assets and a decrease of $3,997 in liabilities.