XML 26 R14.htm IDEA: XBRL DOCUMENT v3.10.0.1
Short Duration Contracts
 6 Months Ended
Jun. 30, 2018
Short Duration Contracts [Abstract]  
Short-Duration Insurance and Deposit Contracts [Text Block]
Short Duration Contracts

The Company's short duration contracts consist of credit life and credit disability in the Life segment and property insurance in the Home Service segment. The following table presents information on changes in the liability for credit life, credit disability, and property policy and contract claims for the periods ended June 30, 2018 and June 30, 2017.

 
June 30,
 
2018
 
2017
 
(In thousands)
Policy claims payable at January 1,
$
570

 
543

Less:  reinsurance recoverable
—

 
—

Net balance at January 1,
570

 
543

Add claims incurred, related to:
 

 
 

Current year
977

 
1,046

Prior years
(152
)
 
(10
)
 
825

 
1,036

Deduct claims paid, related to:
 

 
 

Current year
701

 
758

Prior years
305

 
377

 
1,006

 
1,135

Net balance June 30,
389

 
444

Plus:  reinsurance recoverable
—

 
—

Policy claims payable, June 30,
$
389

 
444