XML 25 R3.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Premiums:        
Life insurance $ 40,761 $ 41,438 $ 78,507 $ 79,080
Accident and health insurance 280 291 566 634
Property insurance 1,183 1,097 2,515 2,144
Net investment income 15,892 15,320 31,379 30,564
Investment related gains (losses), net (5,016) 4,859 (5,598) 5,151
Other income 634 553 1,722 1,468
Total revenues 53,734 63,558 109,091 119,041
Insurance benefits paid or provided:        
Claims and surrenders 27,097 29,296 55,531 59,885
Increase in future policy benefit reserves 9,378 6,287 15,947 11,519
Policyholders' dividends 1,515 1,475 2,868 2,781
Total insurance benefits paid or provided 37,990 37,058 74,346 74,185
Commissions 8,924 8,801 16,597 16,958
Other general expenses 10,400 11,503 21,430 22,885
Capitalization of deferred policy acquisition costs (6,184) (5,787) (10,965) (10,772)
Amortization of deferred policy acquisition costs 5,970 6,074 11,787 12,257
Amortization of cost of customer relationships acquired 263 309 499 676
Total benefits and expenses 57,363 57,958 113,694 116,189
Net income (loss) before taxes (3,629) 5,600 (4,603) 2,852
Federal income tax expense (benefit) (81) 578 278 1,403
Net income (loss) (3,548) 5,022 (4,881) 1,449
Unrealized gains (losses) on available-for-sale debt securities:        
Unrealized Holding Losses Arising During the Period Less Effects of DAC and CCRA, Before Tax (120,934)   (254,276) (24,142)
Unrealized Holding Gains Arising During the Period Less Effects of DAC and CCRA, Before Tax   31,756    
Reclassification adjustments for losses (gains) included in net income (24) 46 35 11
Unrealized gains (losses) on available-for-sale debt securities, net (120,958) 31,802 (254,241) (24,131)
Income tax expense (benefit) on unrealized gains (losses) on available-for-sale securities (4,735) (346) (13,801) 239
Other comprehensive income (loss) (116,223) 32,148 (240,440) (24,370)
Comprehensive income (loss) $ (119,771) $ 37,170 $ (245,321) $ (22,921)
Common Stock Class A [Member]        
Earnings Per Share, Basic $ (0.07) $ 0.10 $ (0.10) $ 0.03
Earnings Per Share, Diluted (0.07) 0.10 (0.10) 0.03
Common Stock Class B [Member]        
Earnings Per Share, Basic 0 0.05 0 0.01
Earnings Per Share, Diluted $ 0 $ 0.05 $ 0 $ 0.01