| Schedule of Reinsurance Recoverables |
The following table provides details of the reinsurance recoverables balance as of December 31: | | | | | | | | | | | | 2015 | | 2014 | Ceded future policyholder benefits and expense | | $ | 213,792 |
| | $ | 208,022 |
| Ceded unearned premium | | 3,743 |
| | 3,857 |
| Ceded claims and benefits payable | | 41,266 |
| | 36,809 |
| Ceded paid losses | | 1,480 |
| | 1,484 |
| Total | | $ | 260,281 |
| | $ | 250,172 |
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| Schedule of Reinsurance Recoverable Grouped by A.M. Best Rating |
The following table provides the reinsurance recoverable as of December 31, 2015 grouped by A.M. Best rating: | | | | | | | | | | | | | | | | | | | | | | A.M. Best ratings of reinsurer | | Ceded future policyholder benefits and expense | | Ceded unearned premiums | | Ceded claims and benefits payable | | Ceded paid losses | | Total | A++ or A+ | | $ | 208,742 |
| | $ | 3,743 |
| | $ | 40,546 |
| | $ | 125 |
| | $ | 253,156 |
| A or A– | | 5,050 |
| | — |
| | 1 |
| | — |
| | 5,051 |
| B or B- | | — |
| | — |
| | — |
| | 6 |
| | 6 |
| Not rated | | — |
| | — |
| | 719 |
| | 1,349 |
| | 2,068 |
| Reinsurance recoverable | | $ | 213,792 |
| | $ | 3,743 |
| | $ | 41,266 |
| | $ | 1,480 |
| | $ | 260,281 |
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| Schedule of Effect of Reinsurance on Premiums Earned and Benefits Incurred |
The effect of reinsurance on premiums earned and benefits incurred was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Years Ended December 31, | | | 2015 | | 2014 | | 2013 | | | Long Duration | | Short Duration | | Total | | Long Duration | | Short Duration | | Total | | Long Duration | | Short Duration | | Total | Direct earned premiums | | $ | 9,070 |
| | $ | 17,273 |
| | $ | 26,343 |
| | $ | 8,254 |
| | $ | 18,990 |
| | $ | 27,244 |
| | $ | 10,353 |
| | $ | 22,284 |
| | $ | 32,637 |
| Premiums assumed | | — |
| | 5,251 |
| | 5,251 |
| | 295 |
| | 5,458 |
| | 5,753 |
| | 350 |
| | 5,981 |
| | 6,331 |
| Premiums ceded | | (9,070 | ) | | (855 | ) | | (9,925 | ) | | (8,254 | ) | | (1,041 | ) | | (9,295 | ) | | (10,353 | ) | | (1,272 | ) | | (11,625 | ) | Net earned premiums | | $ | — |
| | $ | 21,669 |
| | $ | 21,669 |
| | $ | 295 |
| | $ | 23,407 |
| | $ | 23,702 |
| | $ | 350 |
| | $ | 26,993 |
| | $ | 27,343 |
| Direct policyholder benefits | | 20,437 |
| | 10,967 |
| | 31,404 |
| | 80,833 |
| | 12,604 |
| | 93,437 |
| | 18,380 |
| | 14,181 |
| | 32,561 |
| Policyholder benefits assumed | | 21 |
| | 6,077 |
| | 6,098 |
| | 258 |
| | 3,911 |
| | 4,169 |
| | 151 |
| | 8,022 |
| | 8,173 |
| Policyholder benefits ceded | | (20,437 | ) | | (738 | ) | | (21,175 | ) | | (80,833 | ) | | (832 | ) | | (81,665 | ) | | (18,380 | ) | | (1,073 | ) | | (19,453 | ) | Net policyholder benefits | | $ | 21 |
| | $ | 16,306 |
| | $ | 16,327 |
| | $ | 258 |
| | $ | 15,683 |
| | $ | 15,941 |
| | $ | 151 |
| | $ | 21,130 |
| | $ | 21,281 |
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