Reinsurance (Tables)

9 Months Ended

Sep. 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 September 30, 2020
Premiums written and contract deposits (2)	$	368,577	$	2,146	$	2,422	$	368,853
Premiums and contract charges earned	237,193		4,261		2,421		235,353
Benefits, claims and settlement expenses	59,401		(90,161)		1,863		151,425

Three months ended September 30, 2019
Premiums written and contract deposits (2)	$	374,598	$	5,968	$	2,586	$	371,216
Premiums and contract charges earned	245,200		8,181		2,662		239,681
Benefits, claims and settlement expenses	154,718		2,310		1,783		154,191

Nine months ended September 30, 2020
Premiums written and contract deposits (2)	$	1,034,687	$	14,835	$	6,928	$	1,026,780
Premiums and contract charges earned	710,998		20,945		6,996		697,049
Benefits, claims and settlement expenses	342,218		(85,770)		5,107		433,095

Nine months ended September 30, 2019
Premiums written and contract deposits (2)	$	988,588	$	17,844	$	7,557	$	978,301
Premiums and contract charges earned	671,871		22,158		7,849		657,562
Benefits, claims and settlement expenses	450,206		9,399		5,460		446,267

(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.