• Filing Date: 2018-05-10
  • Form Type: 10-Q
  • Description: Quarterly report
v3.8.0.1
Life Settlements (Life Insurance Policies) (Tables)
3 Months Ended
Mar. 31, 2018
Investments, All Other Investments [Abstract]  
Life Settlements
The following table describes the Company’s life settlements as of March 31, 2018 (dollars in thousands):
Remaining Life Expectancy (In Years)*
Number of
Life Settlement
Contracts
 
Estimated Fair
Value
 
Face
Value
0 - 1
9

 
$
31,822

 
$
38,774

1 - 2
12

 
31,769

 
48,028

2 - 3
29

 
60,552

 
113,070

3 - 4
36

 
59,685

 
159,501

4 - 5
53

 
88,757

 
248,700

Thereafter
464

 
295,043

 
2,244,730

Total
603

 
$
567,628

 
$
2,852,803

*Based on remaining life expectancy at March 31, 2018, as derived from reports of third party life expectancy providers, and does not indicate the timing of expected death benefits. See "Life Settlements" in Note 14, "Fair Value Measurements" of the accompanying consolidated financial statements.
The following table describes the Company’s life settlements as of December 31, 2017 (dollars in thousands):
Remaining Life Expectancy (In Years)*
Number of
Life Settlement
Contracts
 
Estimated Fair
Value
 
Face
Value
0-1
9

 
$
29,520

 
$
36,474

1-2
13

 
30,362

 
42,718

2-3
25

 
46,609

 
92,780

3-4
32

 
68,439

 
168,946

4-5
60

 
98,516

 
281,865

Thereafter
469

 
294,046

 
2,257,704

Total
608

 
$
567,492

 
$
2,880,487


*Based on remaining life expectancy at December 31, 2017, as derived from reports of third party life expectancy providers, and does not indicate the timing of expected death benefits. See "Life Settlements" in Note 14, "Fair Value Measurements" of the accompanying consolidated financial statements.
Estimated Premiums To Be Paid
Estimated premiums to be paid for each of the five succeeding fiscal years and thereafter to keep the life insurance policies in force as of March 31, 2018, are as follows (in thousands):
 
 
Remainder of 2018
$
68,542

2019
98,849

2020
102,051

2021
101,723

2022
98,224

Thereafter
788,220

 
$
1,257,609