Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses (Tables)

9 Months Ended

Sep. 30, 2018

Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses [Abstract]

Reconciliation of Total Incurred Losses to Total Insurance Benefits and Losses

Following is a reconciliation of total incurred losses to total insurance benefits and losses incurred:

	Nine Months Ended September 30,
	2018		2017
Total incurred losses	$	95,375	$	83,454
Cash surrender value and matured endowments		1,057		1,167
Benefit reserve changes		2,046		2,825
Total insurance benefits and losses incurred	$	98,478	$	87,446

Property and Casualty Insurance Products [Member]

Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses [Abstract]

Roll-forward of Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses

The roll-forward of liabilities for unpaid losses, claims and loss adjustment expenses, by major product, is as follows:

Property and Casualty Insurance Products	Nine Months Ended September 30,
	2018			2017
Beginning liabilities for unpaid losses, claims and loss adjustment expenses, gross	$	47,997		$	49,556
Less: Reinsurance recoverable on unpaid losses		(7,220	)		(9,806	)
Beginning liabilities for unpaid losses, claims and loss adjustment expenses, net		40,777			39,750
Incurred related to:
Current accident year		30,339			27,359
Prior accident year development (1)		(1,795	)		(1,480	)
Total incurred		28,544			25,879
Paid related to:
Current accident year		10,716			9,858
Prior accident years		15,693			13,720
Total paid		26,409			23,578
Ending liabilities for unpaid losses, claims and loss adjustment expenses, net		42,912			42,051
Plus: Reinsurance recoverable on unpaid losses		6,928			9,455
Ending liabilities for unpaid losses, claims and loss adjustment expenses, gross	$	49,840		$	51,506

⁽¹⁾ In establishing property and casualty reserves, the Company initially reserves for losses at the higher end of the reasonable range if no other value within the range is determined to be more probable.  Selection of such an initial loss estimate is an attempt by management to give recognition that initial claims information received generally is not conclusive with respect to legal liability, is generally not comprehensive with respect to magnitude of loss and generally, based on historical experience, will develop more adversely as time passes and more information becomes available.  Accordingly, the Company generally experiences reserve redundancies when analyzing the development of prior year losses in a current period.

Medicare Supplement Insurance Products [Member]

Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses [Abstract]

Roll-forward of Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses

The roll-forward of liabilities for unpaid losses, claims and loss adjustment expenses, by major product, is as follows:

Medicare Supplement Insurance Products	Nine Months Ended September 30,
	2018			2017
Beginning liabilities for unpaid losses, claims and loss adjustment expenses, gross	$	15,859		$	11,263
Less: Reinsurance recoverable on unpaid losses		(4,748	)		(990	)
Beginning liabilities for unpaid losses, claims and loss adjustment expenses, net		11,111			10,273
Incurred related to:
Current accident year		59,356			50,733
Prior accident year development		817			720
Total incurred		60,173			51,453
Paid related to:
Current accident year		46,734			40,801
Prior accident years		11,594			10,445
Total paid		58,328			51,246
Ending liabilities for unpaid losses, claims and loss adjustment expenses, net		12,956			10,480
Plus: Reinsurance recoverable on unpaid losses		7,340			3,640
Ending liabilities for unpaid losses, claims and loss adjustment expenses, gross	$	20,296		$	14,120

Other Life and Health Insurance Products [Member]

Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses [Abstract]

Roll-forward of Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses

The roll-forward of liabilities for unpaid losses, claims and loss adjustment expenses, by major product, is as follows:

Other Life and Health Insurance Products	Nine Months Ended September 30,
	2018			2017
Beginning liabilities for unpaid losses, claims and loss adjustment expenses, gross	$	1,833		$	1,743
Less: Reinsurance recoverable on unpaid losses		-			-
Beginning liabilities for unpaid losses, claims and loss adjustment expenses, net		1,833			1,743
Incurred related to:
Current accident year		6,729			6,226
Prior accident year development		(71	)		(104	)
Total incurred		6,658			6,122
Paid related to:
Current accident year		5,148			4,807
Prior accident years		1,663			1,500
Total paid		6,811			6,307
Ending liabilities for unpaid losses, claims and loss adjustment expenses, net		1,680			1,558
Plus: Reinsurance recoverable on unpaid losses		-			-
Ending liabilities for unpaid losses, claims and loss adjustment expenses, gross	$	1,680		$	1,558