Reinsurance

12 Months Ended

Dec. 31, 2014

Reinsurance [Abstract]

Reinsurance

Note 4.   Reinsurance

In accordance with general practice in the insurance industry, portions of the life, property and casualty insurance written by the Company are reinsured; however, the Company remains liable with respect to reinsurance ceded should any reinsurer be unable or unwilling to meet its obligations. Approximately 99% of the Company’s reinsurance receivables were due from two reinsurers as of December 31, 2014. Reinsurance receivables of $1,218 were due from Swiss Reinsurance Corporation, rated “AA-” by Standard & Poor’s and “A+” (Superior) by A.M. Best and $12,986 were due from General Reinsurance Corporation, rated “AA+” by Standard & Poor’s and “A++” (Superior) by A.M. Best. Allowances for uncollectible amounts are established against reinsurance receivables, if appropriate.

The effects of reinsurance on premiums written, premiums earned and insurance benefits and losses incurred were as follows:

	2014			2013
Direct premiums written	$	138,276		$	141,313
Assumed premiums written		18,231			16,702
Ceded premiums written		(5,890	)		(7,607	)
Net premiums written	$	150,617		$	150,408
Direct premiums earned	$	141,212		$	141,720
Assumed premiums earned		18,166			11,517
Ceded premiums earned		(5,890	)		(7,607	)
Net premiums earned	$	153,488		$	145,630
Provision for benefits and losses incurred	$	110,912		$	105,828
Reinsurance loss recoveries		(4,717	)		(5,456	)
Insurance benefits and losses incurred	$	106,195		$	100,372

Components of reinsurance receivables were as follows:

	2014		2013
Receivable on unpaid losses	$	14,302	$	14,314
Receivable on paid losses		46		—
Total reinsurance receivables	$	14,348	$	14,314