• Filing Date: 2018-08-20
  • Form Type: 10-Q
  • Description: Quarterly report
v3.10.0.1
Life Settlements (Life Insurance Policies) (Tables)
6 Months Ended
Jun. 30, 2018
Investments, All Other Investments [Abstract]  
Schedule of Life Settlements
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 15, "Fair Value Measurements" of the accompanying consolidated financial statements.
The following table describes the Company’s life settlements as of June 30, 2018 (dollars in thousands):
Remaining Life Expectancy (In Years)*
Number of
Life Settlement
Contracts
 
Estimated Fair
Value
 
Face
Value
0 - 1
6

 
$
21,308

 
$
25,906

1 - 2
14

 
39,019

 
61,653

2 - 3
29

 
53,654

 
101,043

3 - 4
39

 
66,814

 
171,401

4 - 5
54

 
97,243

 
274,380

Thereafter
454

 
291,335

 
2,192,481

Total
596

 
$
569,373

 
$
2,826,864

*Based on remaining life expectancy at June 30, 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.
Schedule of 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 June 30, 2018, are as follows (in thousands):
 
 
Remainder of 2018
$
46,602

2019
100,504

2020
103,676

2021
103,227

2022
99,446

Thereafter
796,849

 
$
1,250,304