XML 28 R3.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Premiums:        
Life insurance $ 41,794 $ 42,423 $ 118,020 $ 120,930
Accident and health insurance 296 299 1,201 865
Property insurance (64) 1,153 780 3,668
Net investment income 17,372 16,604 51,687 47,983
Investment related gains (losses), net (892) (4,991) (477) (10,589)
Other income 884 688 2,620 2,410
Total revenues 59,390 56,176 173,831 165,267
Insurance benefits paid or provided:        
Claims and surrenders 37,723 30,729 100,798 86,260
Increase (decrease) in future policy benefit reserves (3,880) 653 (5,802) 4,497
Policyholder liability remeasurement (gain) loss 1,024 396 2,860 1,731
Policyholders' dividends 1,414 1,389 3,783 4,257
Total insurance benefits paid or provided 36,281 33,167 101,639 96,745
Commissions 9,444 9,210 27,340 25,807
Other general expenses 11,949 11,559 35,477 32,989
Capitalization of deferred policy acquisition costs (7,132) (6,372) (20,034) (17,337)
Amortization of deferred policy acquisition costs 4,056 3,624 11,544 10,651
Amortization of cost of insurance acquired 151 166 465 446
Total benefits and expenses 54,749 51,354 156,431 149,301
Net income (loss) before taxes 4,641 4,822 17,400 15,966
Federal income tax expense (benefit) 1,943 1,415 3,704 3,618
Net income (loss) 2,698 3,407 13,696 12,348
Unrealized gains (losses) on available-for-sale debt securities:        
Unrealized holding gains (losses) arising during period (59,817) (88,382) (36,811) (340,678)
Reclassification adjustment for losses (gains) included in net income (loss) 419 43 481 78
Unrealized gains (losses) on fixed maturity securities, net (59,398) (88,339) (36,330) (340,600)
Change in current discount rate for liability for future policy benefits 60,054 73,214 45,825 345,258
Income tax expense (benefit) on other comprehensive income items (1,040) (184) (882) 6,162
Other comprehensive income (loss) 1,696 (14,941) 10,377 (1,504)
Comprehensive income (loss) $ 4,394 $ (11,534) $ 24,073 $ 10,844
Common Stock Class A [Member]        
Insurance benefits paid or provided:        
Earnings Per Share, Basic $ 0.06 $ 0.07 $ 0.28 $ 0.25
Earnings Per Share, Diluted $ 0.05 $ 0.06 $ 0.27 $ 0.24