Reinsurance

9 Months Ended

Sep. 30, 2014

Insurance [Abstract]

Reinsurance

Note 5 - Reinsurance

The Company recognizes the cost of reinsurance premiums over the contract periods for such premiums in proportion to the insurance protection provided. Amounts recoverable from reinsurers for unpaid claims and claim settlement expenses, including estimated amounts for unsettled claims, claims incurred but not yet reported and policy benefits, are estimated in a manner consistent with the insurance liability associated with the policy. The effects of reinsurance on premiums written and contract deposits; premiums and contract charges earned; and benefits, claims and settlement expenses were as follows:

			Ceded to		Assumed
	Gross		Other		from Other		Net
	Amount		Companies		Companies		Amount
Three months ended September 30, 2014
Premiums written and contract deposits	$	328,525	$	6,668	$	889	$	322,746
Premiums and contract charges earned		184,770		6,677		937		179,030
Benefits, claims and settlement expenses		122,883		6,451		1,011		117,443
Three months ended September 30, 2013
Premiums written and contract deposits	$	312,351	$	7,162	$	844	$	306,033
Premiums and contract charges earned		179,969		7,094		886		173,761
Benefits, claims and settlement expenses		114,261		2,602		1,042		112,701
Nine months ended September 30, 2014
Premiums written and contract deposits	$	893,125	$	20,011	$	2,300	$	875,414
Premiums and contract charges earned		551,672		20,463		2,362		533,571
Benefits, claims and settlement expenses		366,923		12,580		2,246		356,589
Nine months ended September 30, 2013
Premiums written and contract deposits	$	838,615	$	22,074	$	2,273	$	818,814
Premiums and contract charges earned		534,621		22,455		2,314		514,480
Benefits, claims and settlement expenses		351,274		7,251		2,142		346,165