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Segment Information
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block] SEGMENT AND OTHER OPERATING INFORMATION
The Company's segments are defined by management's reporting structure and operating activities. The chief operating decision maker ("CODM"), our President and Chief Executive Officer, reviews and analyzes income statement information by segment to make decisions, assess financial performance and allocate resources across the Company in order to meet the overall strategic objectives of the Company. The Company has two reportable segments:  Life Insurance and Home Service Insurance.  

Our Life Insurance segment issues endowment contracts, which are principally accumulation contracts that incorporate an element of life insurance protection, and whole life insurance to non-U.S. residents through CICA International.  These contracts are designed to provide a fixed amount of insurance coverage over the life of the insured and may utilize rider benefits to provide additional coverage and annuity benefits to enhance accumulations. CICA Domestic issues whole life, final expense and life products with living benefits throughout the U.S.

Our Home Service Insurance segment operates through our subsidiaries SPLIC and MGLIC and focuses on the life insurance needs of the lower-income markets, primarily in Louisiana, Mississippi and Arkansas.  SPLIC also issues critical illness policies. Our policies are sold and serviced through funeral homes and independent agents who sell policies, collect premiums and service policyholders.  

The Life Insurance and Home Service Insurance portions of the Company constitute separate businesses. In addition to the Life Insurance and Home Service Insurance business, the Company also operates other non-insurance portions of the Company ("Other Non-Insurance Enterprises"), which primarily include the Company’s IT and corporate-support functions.

The accounting policies of the reportable segments and Other Non-Insurance Enterprises are presented in accordance with U.S. GAAP and are the same as those described in the summary of significant accounting policies in our Form 10-K.  The CODM evaluates profit and loss performance based on U.S. GAAP net income (loss) before federal income taxes for its two reportable segments. The Company's Other Non-Insurance Enterprises represents the only reportable difference between segments and consolidated operations.
Life InsuranceHome Service InsuranceOther Non-Insurance EnterprisesConsolidated
Three Months Ended March 31, 2025
(In thousands)
Revenues:    
Premiums:
Life insurance$28,967 10,382 — 39,349 
Accident and health insurance187 261 — 448 
Net investment income13,512 3,678 187 17,377 
Investment related gains (losses), net(2,747)(148)1 (2,894)
Other income1,372 — — 1,372 
Total revenues41,291 14,173 188 55,652 
Benefits and expenses:   
Insurance benefits paid or provided:    
Claims and surrenders34,142 5,956 — 40,098 
Increase (decrease) in future policy benefit reserves(5,326)1,680 — (3,646)
Policyholder liability remeasurement (gain) loss13 (185)— (172)
Policyholders' dividends1,289 6 — 1,295 
Total insurance benefits paid or provided30,118 7,457 — 37,575 
Commissions8,163 3,112 — 11,275 
Other general expenses6,572 3,783 2,338 12,693 
Capitalization of deferred policy acquisition costs(7,719)(1,130)— (8,849)
Amortization of deferred policy acquisition costs3,893 754 — 4,647 
Amortization of cost of insurance acquired21 77 — 98 
Total benefits and expenses41,048 14,053 2,338 57,439 
Income (loss) before federal income tax$243 120 (2,150)(1,787)
Life InsuranceHome Service InsuranceOther Non-Insurance EnterprisesConsolidated
Three Months Ended March 31, 2024
(In thousands)
Revenues:    
Premiums:
Life insurance$27,698 10,563 — 38,261 
Accident and health insurance163 251 — 414 
Property insurance— (2)— (2)
Net investment income13,686 3,537 264 17,487 
Investment related gains (losses), net1,086 (91)(32)963 
Other income506 — 83 589 
Total revenues43,139 14,258 315 57,712 
Benefits and expenses:    
Insurance benefits paid or provided:    
Claims and surrenders27,364 5,749 — 33,113 
Increase (decrease) in future policy benefit reserves(1,193)1,644 — 451 
Policyholder liability remeasurement (gain) loss373 (54)— 319 
Policyholders' dividends1,231 6 — 1,237 
Total insurance benefits paid or provided27,775 7,345 — 35,120 
Commissions6,960 3,490 — 10,450 
Other general expenses6,036 3,489 1,813 11,338 
Capitalization of deferred policy acquisition costs(6,816)(1,515)— (8,331)
Amortization of deferred policy acquisition costs3,358 680 — 4,038 
Amortization of cost of insurance acquired26 146 — 172 
Total benefits and expenses37,339 13,635 1,813 52,787 
Income (loss) before federal income tax$5,800 623 (1,498)4,925 

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 premiums for the Life Insurance segment is detailed below.


(In thousands)
Three Months Ended March 31,
20252024
Life Insurance Segment:
Premiums:  
Direct premiums:
First year$7,604 4,584 
Renewal24,091 23,650 
Total direct premiums31,695 28,234 
Reinsurance
(2,541)(373)
Total premiums$29,154 27,861 
A summary of the Home Service Insurance segment life and A&H premium breakout is detailed below.


(In thousands)
Three Months Ended March 31,
20252024
Home Service Insurance Segment:
Direct life and A&H premiums:  
First year$1,213 1,347 
Renewal9,442 9,479 
Total direct life and A&H premiums10,655 10,826 
Reinsurance(12)(12)
Total life and A&H premiums
$10,643 10,814 

The table below summarizes assets by segment.

As of March 31,
(In thousands)
20252024
Assets:  
Segments:
Life Insurance$1,303,166 1,270,247 
Home Service Insurance364,038 359,740 
Total Segments
1,667,204 1,629,987 
Other Non-Insurance Enterprises35,000 35,676 
Total assets$1,702,204 1,665,663 
GEOGRAPHIC INFORMATION

The following table sets forth the Company's annual total of earned premiums by country of policyholder residence for the periods indicated.

Three Months Ended March 31,
(In thousands)
20252024
Area:  
United States$16,500 13,151 
Colombia6,554 5,983 
Taiwan3,886 4,542 
Venezuela3,350 3,315 
Ecuador3,200 3,044 
Argentina2,096 2,098 
Other foreign countries9,702 8,815 
Reinsurance and change in premium accruals(5,491)(2,275)
Total premiums$39,797 38,673