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Consolidated Statements of Financial Position (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Investments:    
Fixed maturity securities available-for-sale, at fair value (amortized cost: $1,389,390 and $1,381,318 in 2023 and 2022, respectively) $ 1,151,353 $ 1,179,619
Equity securities, at fair value 10,555 11,590
Policy loans 75,750 78,773
Other long-term investments (portion measured at fair value $79,535 and $66,846 in 2023 and 2022, respectively) 79,798 69,558
Short-term Investments 0 1,241
Total investments 1,317,456 1,340,781
Cash and cash equivalents 16,785 22,973
Accrued investment income 17,123 17,131
Reinsurance recoverable 3,782 4,560
Deferred policy acquisition costs 171,417 162,927
Cost of insurance acquired 10,182 10,647
Current federal income tax receivable 0 601
Property and equipment, net 12,009 12,926
Due premiums 9,661 11,829
Other assets (less allowance for losses of $357 and $347 in 2023 and 2022, respectively) 6,225 6,328
Total assets 1,564,640 1,590,703
Future policy benefits reserves:    
Life insurance 1,147,601 1,198,647
Accident and health 877 767
Total future policy benefit reserves 1,148,478 1,199,414
Annuities 129,909 121,422
Dividend accumulations 44,102 41,663
Premiums paid in advance 35,453 36,384
Policy claims payable 5,943 9,884
Other policyholders' funds 7,218 7,501
Total policyholder funds 222,625 216,854
Total policy liabilities 1,371,103 1,416,268
Commissions payable 1,681 1,967
Current federal income tax payable 652 0
Deferred federal income tax liability 2,097 3,653
Payable for securities in process of settlement 250 0
Other liabilities 36,110 41,025
Total liabilities 1,411,893 1,462,913
Commitments and contingencies (Note 8)
Stockholders' equity:    
Retained earnings 31,332 16,309
Accumulated other comprehensive income (loss) (126,667) (137,044)
Treasury stock, at cost (23,525) (22,806)
Total stockholders' equity 152,747 127,790
Total liabilities and stockholders' equity 1,564,640 1,590,703
Common Stock Class A [Member]    
Stockholders' equity:    
Common stock 268,423 268,147
Common Stock Class B [Member]    
Stockholders' equity:    
Common stock $ 3,184 $ 3,184