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Segment and Other Operating Information (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting Information, Operating Income (Loss) [Abstract] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
Year ended December 31, 2024 (In thousands) | Life Insurance |  | Home Service Insurance |  | Other Non-Insurance Enterprises |  | Consolidated
Revenues: |  |  |  |  |  |  |
Premiums: |  |  |  |  |  |  |
Life insurance | $ | 129,426 |  |  | 42,135 |  |  | — |  |  | 171,561 |
Accident and health insurance | 763 |  |  | 1,022 |  |  | — |  |  | 1,785 |
Property insurance | — |  |  | (18) |  |  | — |  |  | (18) |
Net investment income (loss) | 54,666 |  |  | 14,162 |  |  | 884 |  |  | 69,712 |
Investment related gains (losses), net | (2,185) |  |  | (424) |  |  | (17) |  |  | (2,626) |
Other income (loss) | 4,483 |  |  | 21 |  |  | 83 |  |  | 4,587 |
Total revenues | 187,153 |  |  | 56,898 |  |  | 950 |  |  | 245,001 |
Benefits and expenses: |  |  |  |  |  |  |
Insurance benefits paid or provided: |  |  |  |  |  |  |
Claims and surrenders | 123,020 |  |  | 23,062 |  |  | — |  |  | 146,082 |
Increase in future policy benefit reserves | (10,501) |  |  | 6,215 |  |  | — |  |  | (4,286) |
Policyholder liability remeasurement (gain) loss | 5,380 |  |  | (624) |  |  | — |  |  | 4,756 |
Policyholders' dividends | 5,332 |  |  | 23 |  |  | — |  |  | 5,355 |
Total insurance benefits paid or provided | 123,231 |  |  | 28,676 |  |  | — |  |  | 151,907 |
Commissions | 35,795 |  |  | 13,323 |  |  | — |  |  | 49,118 |
Other general expenses | 25,898 |  |  | 14,972 |  |  | 11,396 |  |  | 52,266 |
Capitalization of deferred policy acquisition costs | (35,404) |  |  | (5,898) |  |  | — |  |  | (41,302) |
Amortization of deferred policy acquisition costs | 14,584 |  |  | 2,851 |  |  | — |  |  | 17,435 |
Amortization of cost of insurance acquired | 103 |  |  | 494 |  |  | — |  |  | 597 |
Total benefits and expenses | 164,207 |  |  | 54,418 |  |  | 11,396 |  |  | 230,021 |
Income (loss) before federal income tax | $ | 22,946 |  |  | 2,480 |  |  | (10,446) |  |  | 14,980 |
Year ended December 31, 2023 (In thousands) | Life Insurance |  | Home Service Insurance |  | Other Non-Insurance Enterprises |  | Consolidated
Revenues: |  |  |  |  |  |  |
Premiums: |  |  |  |  |  |  |
Life insurance | $ | 121,424 |  |  | 43,185 |  |  | — |  |  | 164,609 |
Accident and health insurance | 721 |  |  | 916 |  |  | — |  |  | 1,637 |
Property insurance | — |  |  | 793 |  |  | — |  |  | 793 |
Net investment income (loss) | 54,352 |  |  | 13,832 |  |  | 1,070 |  |  | 69,254 |
Investment related gains (losses), net | 301 |  |  | 522 |  |  | (63) |  |  | 760 |
Other income (loss) | 3,605 |  |  | 17 |  |  | 5 |  |  | 3,627 |
Total revenues | 180,403 |  |  | 59,265 |  |  | 1,012 |  |  | 240,680 |
Benefits and expenses: |  |  |  |  |  |  |
Insurance benefits paid or provided: |  |  |  |  |  |  |
Claims and surrenders | 113,428 |  |  | 22,565 |  |  | — |  |  | 135,993 |
Increase in future policy benefit reserves | (10,931) |  |  | 5,307 |  |  | — |  |  | (5,624) |
Policyholder liability remeasurement (gain) loss | 4,153 |  |  | 307 |  |  | — |  |  | 4,460 |
Policyholders' dividends | 5,512 |  |  | 30 |  |  | — |  |  | 5,542 |
Total insurance benefits paid or provided | 112,162 |  |  | 28,209 |  |  | — |  |  | 140,371 |
Commissions | 22,896 |  |  | 16,345 |  |  | — |  |  | 39,241 |
Other general expenses | 23,969 |  |  | 16,690 |  |  | 6,472 |  |  | 47,131 |
Capitalization of deferred policy acquisition costs | (20,251) |  |  | (8,050) |  |  | — |  |  | (28,301) |
Amortization of deferred policy acquisition costs | 12,895 |  |  | 2,565 |  |  | — |  |  | 15,460 |
Amortization of cost of insurance acquired | 111 |  |  | 493 |  |  | — |  |  | 604 |
Total benefits and expenses | 151,782 |  |  | 56,252 |  |  | 6,472 |  |  | 214,506 |
Income (loss) before federal income tax | $ | 28,621 |  |  | 3,013 |  |  | (5,460) |  |  | 26,174 |
The Company categorizes premiums in two categories - first year premiums are premiums received within the first 12 months of a policy's issuance and any premiums received thereafter are renewal premiums. A summary of the direct premiums for the Life Insurance segment is detailed below.
Years ended December 31, (In thousands) |  |  |  |  | Life Insurance Segment
|  |  |  | 2024 |  | 2023 |  |
Premiums: |  |  |  |  |  |  |  |  |
Direct premiums: |  |  |  |  |  |  |  |  |
First year |  |  |  |  | $ | 27,796 |  |  | 13,479 |  |  |
Renewal |  |  |  |  | 107,861 |  |  | 110,372 |  |  |
Total direct premiums |  |  |  |  | 135,657 |  |  | 123,851 |  |  |
Reinsurance |  |  |  |  | (5,468) |  |  | (1,706) |  |  |
Total premiums |  |  |  |  | $ | 130,189 |  |  | 122,145 |  |  |
Since the property casualty business was dissolved during 2024, a summary of the Home Service Insurance segment direct life and A&H premium breakout is detailed below.
Years ended December 31, (In thousands) | Home Service Insurance Segment
2024 |  | 2023 |  |
Direct life and A&H premiums: |  |  |  |  |
First year | $ | 5,226 |  |  | 5,810 |  |  |
Renewal | 37,958 |  |  | 38,316 |  |  |
Total direct life and A&H premiums | $ | 43,184 |  |  | 44,126 |  |  |
Assets [Table Text Block] | The table below summarizes assets by segment.
December 31, (In thousands) | 2024 |  | 2023
Assets: |  |  |
Segments: |  |  |
Life Insurance | $ | 1,291,300 |  |  | 1,267,243 |
Home Service Insurance | 358,788 |  |  | 359,773 |
Total Segments | 1,650,088 |  |  | 1,627,016 |
Other Non-Insurance Enterprises | 35,237 |  |  | 41,912 |
Total assets | $ | 1,685,325 |  |  | 1,668,928 |
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block] | GEOGRAPHIC INFORMATION The following table sets forth the Company's annual total of earned premiums by country of policyholder residence for the years indicated.
Years ended December 31, (In thousands) | 2024 |  | 2023 |  |
Area: |  |  |  |  |
United States | $ | 58,468 |  |  | 50,594 |  |  |
Colombia | 25,727 |  |  | 25,453 |  |  |
Taiwan | 16,690 |  |  | 17,760 |  |  |
Venezuela | 14,305 |  |  | 15,143 |  |  |
Ecuador | 13,159 |  |  | 13,379 |  |  |
Argentina | 10,319 |  |  | 9,533 |  |  |
Other foreign countries | 39,317 |  |  | 38,943 |  |  |
Reinsurance and change in premium accruals | (4,657) |  |  | (3,766) |  |  |
Total premiums | $ | 173,328 |  |  | 167,039 |  |  |

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