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Segment Information (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The Company evaluates profit and loss performance based on U.S. GAAP income or loss before federal income taxes for its two reportable segments.

			Life Insurance						Home Service Insurance						Other Non-Insurance Enterprises						Consolidated
Three Months Ended June 30, 2022
(In thousands)
Revenues:
Premiums			$	29,834					12,390						—						42,224
Net investment income			12,347						3,283						262						15,892
Investment related gains (losses), net			(3,984)						(925)						(107)						(5,016)
Other income			633						1						—						634
Total revenues			38,830						14,749						155						53,734
Benefits and expenses:
Insurance benefits paid or provided:
Claims and surrenders			21,568						5,529						—						27,097
Increase in future policy benefit reserves			7,576						1,802						—						9,378
Policyholders' dividends			1,509						6						—						1,515
Total insurance benefits paid or provided			30,653						7,337						—						37,990
Commissions			4,792						4,132						—						8,924
Other general expenses			5,358						3,515						1,527						10,400
Capitalization of deferred policy acquisition costs			(4,307)						(1,877)						—						(6,184)
Amortization of deferred policy acquisition costs			4,613						1,357						—						5,970
Amortization of cost of insurance acquired			84						179						—						263
Total benefits and expenses			41,193						14,643						1,527						57,363
Income (loss) before federal income tax expense			$	(2,363)					106						(1,372)						(3,629)

			Life Insurance						Home Service Insurance						Other Non-Insurance Enterprises						Consolidated
Six Months Ended June 30, 2022
(In thousands)
Revenues:
Premiums			$	56,765					24,823						—						81,588
Net investment income			24,318						6,527						534						31,379
Investment related gains (losses), net			(4,277)						(1,167)						(154)						(5,598)
Other income			1,721						1						—						1,722
Total revenues			78,527						30,184						380						109,091
Benefits and expenses:
Insurance benefits paid or provided:
Claims and surrenders			43,026						12,505						—						55,531
Increase in future policy benefit reserves			12,706						3,241						—						15,947
Policyholders' dividends			2,859						9						—						2,868
Total insurance benefits paid or provided			58,591						15,755						—						74,346
Commissions			8,598						7,999						—						16,597
Other general expenses			11,049						7,865						2,516						21,430
Capitalization of deferred policy acquisition costs			(7,613)						(3,352)						—						(10,965)
Amortization of deferred policy acquisition costs			9,095						2,692						—						11,787
Amortization of cost of insurance acquired			140						359						—						499
Total benefits and expenses			79,860						31,318						2,516						113,694
Income (loss) before federal income tax expense			$	(1,333)					(1,134)						(2,136)						(4,603)

			Life Insurance						Home Service Insurance						Other Non-Insurance Enterprises						Consolidated
Three Months Ended June 30, 2021
(In thousands)
Revenues:
Premiums			$	30,138					12,688						—						42,826
Net investment income			11,879						3,243						198						15,320
Investment related gains (losses), net			4,644						206						9						4,859
Other income			553						—						—						553
Total revenues			47,214						16,137						207						63,558
Benefits and expenses:
Insurance benefits paid or provided:
Claims and surrenders			23,531						5,765						—						29,296
Increase in future policy benefit reserves			4,054						2,233						—						6,287
Policyholders' dividends			1,466						9						—						1,475
Total insurance benefits paid or provided			29,051						8,007						—						37,058
Commissions			4,398						4,403						—						8,801
Other general expenses			5,147						4,084						2,272						11,503
Capitalization of deferred policy acquisition costs			(3,816)						(1,971)						—						(5,787)
Amortization of deferred policy acquisition costs			5,200						874						—						6,074
Amortization of cost of insurance acquired			107						202						—						309
Total benefits and expenses			40,087						15,599						2,272						57,958
Income (loss) before federal income tax expense			$	7,127					538						(2,065)						5,600

			Life Insurance						Home Service Insurance						Other Non-Insurance Enterprises						Consolidated
Six Months Ended June 30, 2021
(In thousands)
Revenues:
Premiums			$	57,201					24,657						—						81,858
Net investment income			23,477						6,588						499						30,564
Investment related gains (losses), net			4,536						429						186						5,151
Other income			1,466						2						—						1,468
Total revenues			86,680						31,676						685						119,041
Benefits and expenses:
Insurance benefits paid or provided:
Claims and surrenders			46,801						13,084						—						59,885
Increase in future policy benefit reserves			7,712						3,807						—						11,519
Policyholders' dividends			2,762						19						—						2,781
Total insurance benefits paid or provided			57,275						16,910						—						74,185
Commissions			8,629						8,329						—						16,958
Other general expenses			10,373						7,878						4,634						22,885
Capitalization of deferred policy acquisition costs			(7,377)						(3,395)						—						(10,772)
Amortization of deferred policy acquisition costs			10,548						1,709						—						12,257
Amortization of cost of insurance acquired			211						465						—						676
Total benefits and expenses			79,659						31,896						4,634						116,189
Income (loss) before federal income tax expense			$	7,021					(220)						(3,949)						2,852

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

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- References

No definition available.

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