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Reinsurance (Tables)
3 Months Ended
Mar. 31, 2024
Insurance [Abstract]  
Schedule of Reinsurance Recoverables

Reinsurance recoverables are as follows:

 

 

 

March 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

Ceded future policy benefits

 

$

205,552

 

 

$

198,973

 

Claims and other amounts recoverables

 

 

34,672

 

 

 

39,625

 

Ending balance

 

$

240,224

 

 

$

238,598

 

Reconciliation of Direct Premiums to Net Premiums

The reconciliation of direct premiums to net premiums is as follows:

 

 

 

Three Months Ended March 31,

 

 

 

2024

 

 

2023

 

Direct premiums

 

$

47,504

 

 

$

44,356

 

Assumed premiums

 

 

8,158

 

 

 

9,913

 

Ceded premiums

 

 

(33,105

)

 

 

(29,931

)

Net insurance premiums

 

$

22,557

 

 

$

24,338

 

 

 

 

 

 

 

 

 

The reconciliation of direct, assumed and ceded amounts for life, annuity, and health claim benefits is as follows:

 

 

 

Three Months Ended March 31,

 

 

 

2024

 

 

2023

 

Direct

 

$

35,751

 

 

$

34,056

 

Assumed

 

 

4,145

 

 

 

4,161

 

Ceded

 

 

(22,021

)

 

 

(21,846

)

Life, annuity, and health claim benefits

 

$

17,875

 

 

$

16,371