Reinsurance (Tables)

6 Months Ended

Jun. 30, 2020

Effects of reinsurance on premiums and benefits

The effects of reinsurance on premiums written and contract deposits; premiums and contract charges earned; and benefits, claims and settlement expenses were as follows:



($ in thousands)	Gross Amount		Ceded to Other Companies ⁽¹⁾		Assumed from Other Companies		Net Amount
Three months ended June 30, 2020
Premiums written and contract deposits⁽²⁾	$	332,379	$	6,379	$	3,169	$	329,169
Premiums and contract charges earned	230,635		8,307		3,103		225,431
Benefits, claims and settlement expenses	143,285		2,407		2,132		143,010

Three months ended June 30, 2019
Premiums written and contract deposits⁽²⁾	$	314,897	$	6,028	$	2,822	$	311,691
Premiums and contract charges earned	213,415		8,155		2,836		208,096
Benefits, claims and settlement expenses	153,436		2,797		2,053		152,692

Six months ended June 30, 2020
Premiums written and contract deposits ⁽²⁾	$	666,110	$	12,689	$	4,506	$	657,927
Premiums and contract charges earned	473,805		16,684		4,575		461,696
Benefits, claims and settlement expenses	282,817		4,391		3,244		281,670

Six months ended June 30, 2019
Premiums written and contract deposits⁽²⁾	$	613,990	$	11,876	$	4,971	$	607,085
Premiums and contract charges earned	426,671		13,977		5,187		417,881
Benefits, claims and settlement expenses	295,488		7,089		3,677		292,076


⁽¹⁾	Excludes the annuity reinsurance transaction accounted for using the deposit method that is discussed in Note 5.

⁽²⁾

This measure is not based on accounting principles generally accepted in the United States of America (non-GAAP). An explanation of this non-GAAP measure is contained in the Glossary of Selected Terms included as an exhibit in the Company's reports filed with the SEC.