XML 27 R3.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Premiums:        
Life insurance $ 39,292 $ 40,761 $ 76,226 $ 78,507
Accident and health insurance 547 280 905 566
Property insurance (113) 1,183 844 2,515
Net investment income 17,241 15,892 34,315 31,379
Investment related gains (losses), net 703 (5,016) 415 (5,598)
Other income 857 634 1,736 1,722
Total revenues 58,527 53,734 114,441 109,091
Insurance benefits paid or provided:        
Claims and surrenders 32,776 27,097 63,075 55,531
Increase (decrease) in future policy benefit reserves (944) 3,730 (1,922) 3,844
Policyholder liability remeasurement (gain) loss 956 667 1,836 1,335
Policyholders' dividends 1,261 1,515 2,369 2,868
Total insurance benefits paid or provided 34,049 33,009 65,358 63,578
Commissions 8,883 8,924 17,896 16,597
Other general expenses 12,268 10,400 23,528 21,430
Capitalization of deferred policy acquisition costs (6,544) (6,184) (12,902) (10,965)
Amortization of deferred policy acquisition costs 3,674 3,468 7,488 7,027
Amortization of cost of insurance acquired 153 151 314 280
Total benefits and expenses 52,483 49,768 101,682 97,947
Net income (loss) before taxes 6,044 3,966 12,759 11,144
Federal income tax expense (benefit) (82) 1,474 1,761 2,203
Net income (loss) 6,126 2,492 10,998 8,941
Unrealized gains (losses) on available-for-sale debt securities:        
Unrealized holding gains arising during the period (20,430) (119,531) 23,006 (252,296)
Reclassification adjustment for losses (gains) included in net income (loss) 24 (24) 62 35
Unrealized gains (losses) on fixed maturity securities, net (20,406) (119,555) 23,068 (252,261)
Change in current discount rate for liability for future policy benefits 6,251 120,437 (14,229) 272,044
Income tax expense (benefit) on other comprehensive income items (1,257) 4,634 158 6,346
Other comprehensive income (loss) (12,898) (3,752) 8,681 13,437
Comprehensive income (loss) $ (6,772) $ (1,260) $ 19,679 $ 22,378
Common Stock Class A [Member]        
Earnings Per Share, Basic $ 0.12 $ 0.05 $ 0.22 $ 0.18
Earnings Per Share, Diluted $ 0.12 $ 0.05 $ 0.22 $ 0.18