XML 69 R35.htm IDEA: XBRL DOCUMENT v3.22.4
Segment and Other Operating Information (Tables)
12 Months Ended
Dec. 31, 2022
Segment Reporting Information, Operating Income (Loss) [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
Year ended December 31, 2022
(In thousands)
Life
Insurance
Home
Service Insurance
Other
Non-Insurance
Enterprises
Consolidated
Revenues:    
Premiums
Life insurance$124,156 43,430  167,586 
Accident and health insurance497 781  1,278 
Property insurance 4,850  4,850 
Net investment income (loss)50,680 13,632 1,114 65,426 
Investment related gains (losses), net(8,826)(1,277)(188)(10,291)
Other income (loss)3,668 1 6 3,675 
Total revenue170,175 61,417 932 232,524 
Benefits and expenses:    
Insurance benefits paid or provided:    
Claims and surrenders95,576 24,359  119,935 
Increase in future policy benefit reserves23,938 5,702  29,640 
Policyholders' dividends5,990 23  6,013 
Total insurance benefits paid or provided125,504 30,084  155,588 
Commissions20,031 16,191  36,222 
Other general expenses23,192 16,444 5,541 45,177 
Capitalization of deferred policy acquisition costs(17,942)(6,957) (24,899)
Amortization of deferred policy acquisition costs19,810 6,719  26,529 
Amortization of cost of insurance acquired262 712  974 
Total benefits and expenses170,857 63,193 5,541 239,591 
Income (loss) before federal income tax$(682)(1,776)(4,609)(7,067)
Year ended December 31, 2021
(In thousands)
Life
Insurance
Home
Service Insurance
Other
Non-Insurance
Enterprises
Consolidated
Revenues:    
Premiums
Life insurance$125,558 44,243 — 169,801 
Accident and health insurance500 750 — 1,250 
Property insurance— 3,677 — 3,677 
Net investment income (loss)47,216 13,224 1,055 61,495 
Investment related gains (losses), net9,176 618 1,197 10,991 
Other income (loss)3,362 (37)3,332 
Total revenue185,812 62,519 2,215 250,546 
Benefits and expenses:    
Insurance benefits paid or provided:    
Claims and surrenders91,390 28,345 — 119,735 
Increase in future policy benefit reserves29,407 7,037 — 36,444 
Policyholders' dividends6,140 40 — 6,180 
Total insurance benefits paid or provided126,937 35,422 — 162,359 
Commissions18,747 16,716 — 35,463 
Other general expenses20,846 14,739 7,785 43,370 
Capitalization of deferred policy acquisition costs(16,174)(6,566)— (22,740)
Amortization of deferred policy acquisition costs21,571 3,381 — 24,952 
Amortization of cost of insurance acquired343 863 — 1,206 
Goodwill impairment12,624 — — 12,624 
Total benefits and expenses184,894 64,555 7,785 257,234 
Income (loss) before federal income tax$918 (2,036)(5,570)(6,688)
Assets [Table Text Block] The table below summarizes assets by segment.
December 31,
(In thousands)
20222021
Assets:  
Life Insurance$1,176,246 1,390,392 
Home Service Insurance338,977 407,603 
Other Non-Insurance Enterprises54,747 56,516 
Total assets$1,569,970 1,854,511 
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block]
GEOGRAPHIC INFORMATION

The following table sets forth, by country, the Company's annual total of earned premiums from geographic area for the years indicated:

Years ended December 31,
(In thousands)
20222021
Area:  
United States$54,712 56,000 
Colombia25,181 24,829 
Taiwan18,236 19,042 
Venezuela16,429 17,788 
Ecuador12,992 13,115 
Argentina9,251 9,160 
Other foreign countries40,172 38,871 
Net reinsurance(3,259)(4,077)
Total premiums$173,714 174,728