XML 34 R3.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Investments:    
Fixed maturity securities available-for-sale, at fair value (amortized cost: $1,389,038 and $1,381,318 in 2023 and 2022, respectively) $ 1,238,981 $ 1,179,619
Equity securities, at fair value 5,282 11,590
Policy loans 75,359 78,773
Other long-term investments (portion measured at fair value $82,460 and $66,846 in 2023 and 2022, respectively) 82,725 69,558
Short-term investments 0 1,241
Total investments 1,402,347 1,340,781
Cash and cash equivalents 26,997 22,973
Accrued investment income 17,360 17,131
Reinsurance recoverable 3,991 4,560
Deferred policy acquisition costs 175,768 162,927
Cost of customer relationships acquired 10,043 10,647
Federal income tax receivable 1,546 601
Property and equipment, net 11,809 12,926
Due premiums 11,264 11,829
Other assets (less allowance for losses of $408 and $347 in 2023 and 2022, respectively) 7,803 6,328
Total assets 1,668,928 1,590,703
Future policy benefits reserves:    
Life insurance 1,229,253 1,198,647
Accident and health insurance 889 767
Total future policy benefit reserves, Life and Disability and Accident Benefits 1,230,142 1,199,414
Annuities 133,216 121,422
Dividend accumulations 44,960 41,663
Premiums paid in advance 32,446 36,384
Policy claims payable 6,637 9,884
Other policyholders' funds 7,363 7,501
Total policyholder funds 224,622 216,854
Total policy liabilities 1,454,764 1,416,268
Commissions payable 3,445 1,967
Deferred income tax liabilities, net 1,102 3,653
Other liabilities 37,488 41,025
Total liabilities $ 1,496,799 1,462,913
Operating Lease, Liability, Statement of Financial Position [Extensible List] Other liabilities  
Commitments and Contingencies
Stockholders' equity:    
Retained earnings 42,150 16,309
Accumulated other comprehensive income (loss) (118,155) (137,044)
Treasury stock, at cost (23,725) (22,806)
Total stockholders' equity 172,129 127,790
Total liabilities and stockholders' equity 1,668,928 1,590,703
Common Stock Class A [Member]    
Stockholders' equity:    
Common stock 268,675 268,147
Common Stock Class B [Member]    
Stockholders' equity:    
Common stock $ 3,184 $ 3,184