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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

A reconciliation between the U.S. corporate income tax rate and the effective income tax rate is as follows:

Years ended December 31, (In thousands, except for %)			2022						%						2021						%
Expected tax expense (benefit)			$	(1,484)					21.0		%				$	(1,404)					21.0		%
Change in valuation allowance			1						—						—						—
Foreign income tax rate differential			151						(2.1)						(2,912)						43.5
Tax-exempt interest and dividends-received deduction			(63)						0.9						(114)						1.7
Adjustment of prior year taxes			—						—						(61)						0.9
Effect of uncertain tax position			(1,185)						16.8						(43,834)						655.4
Nondeductible costs to remediate tax compliance issue			—						—						(176)						2.6
Compensation limitation under 162(m) and 280(g)			67						(0.9)						(21)						0.3
Subpart F income			2,053						(29.1)						2,102						(31.4)
Rate differential on net operating loss carryback claim			—						—						295						(4.4)
Goodwill impairment			—						—						2,651						(39.6)
Other			31						(0.5)						(1)						—
Total federal income tax expense (benefit)			$	(429)					6.1		%				$	(43,475)					650.0		%

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Income tax expense (benefit) consists of:

Years ended December 31, (In thousands)			2022						2021
Income tax expense (benefit):
Current - normal operations			$	632					(68)
Current - UTP release impact			(1,185)						(43,834)
Deferred			124						427
Total income tax expense (benefit)			$	(429)					(43,475)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The components of deferred federal income taxes are as follows:

December 31, (In thousands)			2022						2021
Deferred tax assets:
Future policy benefit reserves			$	2,632					2,572
Net operating and capital loss carryforwards			388						1,545
Accrued policyholder dividends and expenses			134						115
Investments			113						218
Deferred intercompany loss			1,744						1,848
Unrealized losses on investments available-for-sale			11,688						—
Accrued compensation			360						337
Lease liability			2,124						2,274
Other			440						236
Total gross deferred tax assets			19,623						9,145
Less:
Valuation allowance			4,238						—
Net deferred tax assets			15,385						9,145
Deferred tax liabilities:
DAC, COIA and intangible assets			(8,571)						(8,955)
Unrealized gains on investments available-for-sale			—						(10,350)
Tax reserves transition liability			(2,242)						(2,989)
Right-of-use lease asset			(2,124)						(2,274)
Other			(34)						(33)
Total gross deferred tax liabilities			(12,971)						(24,601)
Net deferred tax asset (liability)			$	2,414					(15,456)

Change in Deferred Tax Liability [Table Text Block]

A summary of the changes in the components of deferred federal and state income taxes is as follows:

December 31, (In thousands)			2022						2021
Deferred federal and state income taxes:
Balance January 1,			$	(15,456)					(9,564)
Deferred tax benefit (expense)			(124)						(427)
Investments available-for-sale			21,770						(5,709)
Change in valuation allowance			(4,238)						—
Effects of unrealized gains on DAC, COIA and reserves			462						244
Balance December 31,			$	2,414					(15,456)

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

A reconciliation of unrecognized tax benefits is as follows:

Years ended December 31, (In thousands)			2022						2021
Balance at January 1,			$	2,156					45,990
Additions for tax positions of prior years			—						—
Reductions for tax positions of prior years			(1,185)						(43,834)
Balance December 31,			$	971					2,156

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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