BENEFITS PAYABLE (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of Liability for Unpaid Claims and Claims Adjustment Expense

The following table provides a rollforward of the Company’s beginning and ending benefits payable and claims adjustment expenses ("CAE") payable balances for the three months ended March 31, 2024 and 2023:


	As of March 31, 2024						As of March 31, 2023
(in thousands)	Benefits Payable		Unallocated Claims Adjustment Expense		Total		Benefits Payable		Unallocated Claims Adjustment Expense		Total
Benefits payable, beginning of the period	$	965,986	$	13,192	$	979,178	$	937,727	$	12,712	$	950,439
Less: Reinsurance recoverable	57,111		—		57,111		277,944		—		277,944
Benefits payable, beginning of the period, net	$	908,875	$	13,192	$	922,067	$	659,783	$	12,712	$	672,495
Claims incurred and CAE
Current year	$	1,608,525	$	23,556	$	1,632,081	$	1,109,952	$	25,815	$	1,135,767
Prior years	(53,751)		—		(53,751)		(18,360)		—		(18,360)
Total claims incurred and CAE, net	$	1,554,774	$	23,556	$	1,578,330	$	1,091,592	$	25,815	$	1,117,407
Claims paid and CAE
Current year	$	910,988	$	14,146	$	925,134	$	668,971	$	19,692	$	688,663
Prior years	364,043		5,722		369,765		294,591		5,728		300,319
Total claims and CAE paid, net	$	1,275,031	$	19,868	$	1,294,899	$	963,562	$	25,420	$	988,982

Benefits and CAE payable, end of period, net	$	1,188,618	$	16,880	$	1,205,498	$	787,813	$	13,107	$	800,920
Add: Reinsurance recoverable	59,729		—		59,729		166,263		—		166,263
Benefits and CAE payable, end of period	$	1,248,347	$	16,880	$	1,265,227	$	954,076	$	13,107	$	967,183