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Segment Information (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The Company's Other Non-Insurance Enterprises represents the only reportable difference between segments and consolidated operations.

			Life Insurance						Home Service Insurance						Other Non-Insurance Enterprises						Consolidated
Three Months Ended June 30, 2024
(In thousands)
Revenues:
Premiums			$	31,605					10,954						—						42,559
Net investment income			13,812						3,529						199						17,540
Investment related gains (losses), net			(279)						23						3						(253)
Other income			2,218						20						—						2,238
Total revenues			47,356						14,526						202						62,084
Benefits and expenses:
Insurance benefits paid or provided:
Claims and surrenders			29,169						5,361						—						34,530
Increase (decrease) in future policy benefit reserves			(2,269)						1,217						—						(1,052)
Policyholder liability remeasurement (gain) loss			1,306						54						—						1,360
Policyholders' dividends			1,186						5						—						1,191
Total insurance benefits paid or provided			29,392						6,637						—						36,029
Commissions			8,543						3,689						—						12,232
Other general expenses			6,925						3,931						5,783						16,639
Capitalization of deferred policy acquisition costs			(8,591)						(1,952)						—						(10,543)
Amortization of deferred policy acquisition costs			3,586						687						—						4,273
Amortization of cost of insurance acquired			29						123						—						152
Total benefits and expenses			39,884						13,115						5,783						58,782
Income (loss) before federal income tax			$	7,472					1,411						(5,581)						3,302

			Life Insurance						Home Service Insurance						Other Non-Insurance Enterprises						Consolidated
Six Months Ended June 30, 2024
(In thousands)
Revenues:
Premiums			$	59,466					21,766						—						81,232
Net investment income			27,498						7,066						463						35,027
Investment related gains (losses), net			807						(68)						(29)						710
Other income			2,724						20						83						2,827
Total revenues			90,495						28,784						517						119,796
Benefits and expenses:
Insurance benefits paid or provided:
Claims and surrenders			56,533						11,110						—						67,643
Increase (decrease) in future policy benefit reserves			(3,462)						2,861						—						(601)
Policyholder liability remeasurement (gain) loss			1,679						—						—						1,679
Policyholders' dividends			2,417						11						—						2,428
Total insurance benefits paid or provided			57,167						13,982						—						71,149
Commissions			15,503						7,179						—						22,682
Other general expenses			12,961						7,420						7,596						27,977
Capitalization of deferred policy acquisition costs			(15,407)						(3,467)						—						(18,874)
Amortization of deferred policy acquisition costs			6,944						1,367						—						8,311
Amortization of cost of insurance acquired			55						269						—						324
Total benefits and expenses			77,223						26,750						7,596						111,569
Income (loss) before federal income tax			$	13,272					2,034						(7,079)						8,227

			Life Insurance						Home Service Insurance						Other Non-Insurance Enterprises						Consolidated
Three Months Ended June 30, 2023
(In thousands)
Revenues:
Premiums			$	28,773					10,953						—						39,726
Net investment income			13,498						3,450						293						17,241
Investment related gains (losses), net			738						(12)						(23)						703
Other income			856						1						—						857
Total revenues			43,865						14,392						270						58,527
Benefits and expenses:
Insurance benefits paid or provided:
Claims and surrenders			26,968						5,808						—						32,776
Increase (decrease) in future policy benefit reserves			(1,863)						919						—						(944)
Policyholder liability remeasurement (gain) loss			885						71						—						956
Policyholders' dividends			1,255						6						—						1,261
Total insurance benefits paid or provided			27,245						6,804						—						34,049
Commissions			4,765						4,118						—						8,883
Other general expenses			5,646						4,299						2,323						12,268
Capitalization of deferred policy acquisition costs			(4,457)						(2,087)						—						(6,544)
Amortization of deferred policy acquisition costs			3,167						507						—						3,674
Amortization of cost of insurance acquired			26						127						—						153
Total benefits and expenses			36,392						13,768						2,323						52,483
Income (loss) before federal income tax			$	7,473					624						(2,053)						6,044

			Life Insurance						Home Service Insurance						Other Non-Insurance Enterprises						Consolidated
Six Months Ended June 30, 2023
(In thousands)
Revenues:
Premiums			$	54,980					22,995						—						77,975
Net investment income			26,809						6,920						586						34,315
Investment related gains (losses), net			301						87						27						415
Other income			1,735						1						—						1,736
Total revenues			83,825						30,003						613						114,441
Benefits and expenses:
Insurance benefits paid or provided:
Claims and surrenders			51,407						11,668						—						63,075
Increase (decrease) in future policy benefit reserves			(3,683)						1,761						—						(1,922)
Policyholder liability remeasurement (gain) loss			1,701						135						—						1,836
Policyholders' dividends			2,356						13						—						2,369
Total insurance benefits paid or provided			51,781						13,577						—						65,358
Commissions			9,524						8,372						—						17,896
Other general expenses			11,105						8,767						3,656						23,528
Capitalization of deferred policy acquisition costs			(8,817)						(4,085)						—						(12,902)
Amortization of deferred policy acquisition costs			6,329						1,159						—						7,488
Amortization of cost of insurance acquired			58						256						—						314
Total benefits and expenses			69,980						28,046						3,656						101,682
Income (loss) before federal income tax			$	13,845					1,957						(3,043)						12,759

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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X

- References

No definition available.

+ Details

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