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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2023
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 %) | 2023 |  | % |  | 2022 |  | % |  | 2021 |  | %
Expected tax expense (benefit) | $ | 5,497 |  |  | 21.0 | % |  | $ | 5,749 |  |  | 21.0 | % |  | $ | 6,406 |  |  | 21.0 | %
Change in valuation allowance | — |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | — | %
Foreign income tax rate differential | (5,029) |  |  | (19.2) |  |  | (5,260) |  |  | (19.2) |  |  | (9,427) |  |  | (30.9) |
Tax-exempt interest and dividends-received deduction | (35) |  |  | (0.1) |  |  | (63) |  |  | (0.2) |  |  | (114) |  |  | (0.4) |
Adjustment of prior year taxes | — |  |  | — |  |  | — |  |  | — |  |  | (83) |  |  | (0.3) |
Effect of uncertain tax position | (971) |  |  | (3.7) |  |  | (1,185) |  |  | (4.3) |  |  | (43,834) |  |  | (143.7) |
Nondeductible costs to remediate tax compliance issue | — |  |  | — |  |  | — |  |  | — |  |  | (176) |  |  | (0.6) |
Compensation limitation under 162(m) and 280(g) | 80 |  |  | 0.3 |  |  | 67 |  |  | 0.2 |  |  | (21) |  |  | (0.1) |
Subpart F income | 1,595 |  |  | 6.1 |  |  | 2,053 |  |  | 7.5 |  |  | 2,102 |  |  | 6.9 |
PFIC QEF inclusions | 570 |  |  | 2.2 |  |  | — |  |  | — |  |  | — |  |  | — |
Puerto Rico income tax exclusion | (48) |  |  | (0.2) |  |  | — |  |  | — |  |  | — |  |  | — |
Rate differential on net operating loss carryback claim | — |  |  | — |  |  | — |  |  | — |  |  | 290 |  |  | 1.0 |
Goodwill impairment | — |  |  | — |  |  | — |  |  | — |  |  | 2,651 |  |  | 8.7 |
Other | 78 |  |  | 0.2 |  |  | 8 |  |  | — |  |  | 5 |  |  | — |
Total federal income tax expense (benefit) | $ | 1,737 |  |  | 6.6 | % |  | $ | 1,370 |  |  | 5.0 | % |  | $ | (42,201) |  |  | (138.4) | %
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | Income tax expense (benefit) consists of:
Years ended December 31, (In thousands) | 2023 |  | 2022 |  | 2021
Income tax expense (benefit): |  |  |  |  |
Current - normal operations | $ | 1,848 |  |  | 632 |  |  | (68) |
Current - UTP release impact | (971) |  |  | (1,185) |  |  | (43,834) |
Deferred | 860 |  |  | 1,923 |  |  | 1,701 |
Total income tax expense (benefit) | $ | 1,737 |  |  | 1,370 |  |  | (42,201) |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | The components of deferred federal income taxes are as follows:
December 31, (In thousands) | 2023 |  | 2022
Deferred tax assets: |  |  |
Future policy benefit reserves | $ | 739 |  |  | — |
Net operating and capital loss carryforwards | 353 |  |  | 388 |
Accrued policyholder dividends and expenses | 218 |  |  | 134 |
Investments | — |  |  | 113 |
Deferred intercompany loss | 1,780 |  |  | 1,744 |
Unrealized losses on investments available-for-sale | 12,786 |  |  | 11,688 |
Accrued compensation | 379 |  |  | 360 |
Lease liability | 1,895 |  |  | 2,124 |
Fixed assets | 249 |  |  | 237 |
Other | 270 |  |  | 203 |
Total gross deferred tax assets | 18,669 |  |  | 16,991 |
Less: |  |  |
Valuation allowance | 4,468 |  |  | 4,238 |
Net deferred tax assets | 14,201 |  |  | 12,753 |
Deferred tax liabilities: |  |  |
DAC, COIA and intangible assets | (11,556) |  |  | (10,274) |
Future policy benefit reserves | — |  |  | (1,756) |
Unrealized gains on investments available-for-sale | (322) |  |  | — |
Tax reserves transition liability | (1,494) |  |  | (2,242) |
Right-of-use lease asset | (1,895) |  |  | (2,124) |
Other | (36) |  |  | (10) |
Total gross deferred tax liabilities | (15,303) |  |  | (16,406) |
Net deferred tax liability | $ | (1,102) |  |  | (3,653) |
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) | 2023 |  | 2022
Deferred federal and state income taxes: |  |  |
Balance January 1, | $ | (3,653) |  |  | 5,533 |
Deferred tax benefit (expense) | (860) |  |  | (1,923) |
Investments available-for-sale | 2,424 |  |  | 21,770 |
Change in valuation allowance | (230) |  |  | (4,238) |
Effects of unrealized gains (losses) on reserves | 1,217 |  |  | (24,795) |
Balance December 31, | $ | (1,102) |  |  | (3,653) |
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) | 2023 |  | 2022 |  | 2021
Balance January 1, | $ | 971 |  |  | 2,156 |  |  | 45,990 |
Reductions for tax positions of prior years | (971) |  |  | (1,185) |  |  | (43,834) |
Balance December 31, | $ | — |  |  | 971 |  |  | 2,156 |

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