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Segment Information (Tables)

6 Months Ended

Jun. 30, 2025

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, 2025
(In thousands)
Revenues:
Premiums
Life insurance			$	32,451					10,486						—						42,937
Accident and health insurance			192						259						—						451
Net investment income			13,400						3,595						174						17,169
Investment related gains (losses), net			2,625						(218)						1						2,408
Other income			2,121						—						—						2,121
Total revenues			50,789						14,122						175						65,086
Benefits and expenses:
Insurance benefits paid or provided:
Claims and surrenders			35,223						4,997						—						40,220
Increase (decrease) in future policy benefit reserves			(5,571)						1,017						—						(4,554)
Policyholder liability remeasurement (gain) loss			1,081						270						—						1,351
Policyholders' dividends			1,308						7						—						1,315
Total insurance benefits paid or provided			32,041						6,291						—						38,332
Commissions			8,184						3,225						—						11,409
Other general expenses			6,644						3,799						3,016						13,459
Capitalization of deferred policy acquisition costs			(8,155)						(1,565)						—						(9,720)
Amortization of deferred policy acquisition costs			3,906						707						—						4,613
Amortization of cost of insurance acquired			21						58						—						79
Total benefits and expenses			42,641						12,515						3,016						58,172
Income (loss) before federal income tax			$	8,148					1,607						(2,841)						6,914

			Life Insurance						Home Service Insurance						Other Non-Insurance Enterprises						Consolidated
Six Months Ended June 30, 2025
(In thousands)
Revenues:
Premiums:
Life insurance			$	61,418					20,868						—						82,286
Accident and health insurance			379						520						—						899
Net investment income			26,912						7,273						361						34,546
Investment related gains (losses), net			(122)						(366)						2						(486)
Other income			3,493						—						—						3,493
Total revenues			92,080						28,295						363						120,738
Benefits and expenses:
Insurance benefits paid or provided:
Claims and surrenders			69,365						10,953						—						80,318
Increase (decrease) in future policy benefit reserves			(10,897)						2,697						—						(8,200)
Policyholder liability remeasurement (gain) loss			1,094						85						—						1,179
Policyholders' dividends			2,597						13						—						2,610
Total insurance benefits paid or provided			62,159						13,748						—						75,907
Commissions			16,347						6,337						—						22,684
Other general expenses			13,216						7,582						5,354						26,152
Capitalization of deferred policy acquisition costs			(15,874)						(2,695)						—						(18,569)
Amortization of deferred policy acquisition costs			7,799						1,461						—						9,260
Amortization of cost of insurance acquired			42						135						—						177
Total benefits and expenses			83,689						26,568						5,354						115,611
Income (loss) before federal income tax			$	8,391					1,727						(4,991)						5,127

			Life Insurance						Home Service Insurance						Other Non-Insurance Enterprises						Consolidated
Three Months Ended June 30, 2024
(In thousands)
Revenues:
Premiums
Life insurance			$	31,402					10,699						—						42,101
Accident and health insurance			203						255						—						458
Property insurance			—						—						—						—
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:
Life insurance			$	59,100					21,262						—						80,362
Accident and health insurance			366						506						—						872
Property insurance			—						(2)						—						(2)
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

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 June 30,												Six Months Ended June 30,
			2025						2024						2025						2024
Life Insurance Segment:
Premiums:
Direct premiums:
First year			$	8,107					6,496						15,711						11,080
Renewal			27,480						26,468						51,571						50,118
Total direct premiums			35,587						32,964						67,282						61,198
Reinsurance			(2,944)						(1,359)						(5,485)						(1,732)
Total premiums			$	32,643					31,605						61,797						59,466

A summary of the Home Service Insurance segment life and A&H premium breakout is detailed below.

(In thousands)			Three Months Ended June 30,												Six Months Ended June 30,
			2025						2024						2025						2024
Home Service Insurance Segment:
Direct life and A&H premiums:
First year			$	1,328					1,397						2,541						2,744
Renewal			9,486						9,564						18,928						19,043
Total direct life and A&H premiums			10,814						10,961						21,469						21,787
Reinsurance			(69)						(7)						(81)						(19)
Total life and A&H premiums			$	10,745					10,954						21,388						21,768

The table below summarizes assets by segment.

As of June 30, (In thousands)			2025						2024
Assets:
Segments:
Life Insurance			$	1,311,093					1,263,544
Home Service Insurance			365,405						357,731
Total Segments			1,676,498						1,621,275
Other Non-Insurance Enterprises			36,002						41,198
Total assets			$	1,712,500					1,662,473

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 June 30,												Six Months Ended June 30,
(In thousands)			2025						2024						2025						2024
Area:
United States			$	16,983					14,248						33,483						27,399
Colombia			6,461						6,043						13,015						12,026
Taiwan			3,167						3,617						7,053						8,159
Venezuela			3,322						3,663						6,672						6,978
Ecuador			3,366						3,145						6,566						6,189
Argentina			2,923						2,673						5,019						4,771
Other foreign countries			8,995						9,533						18,697						18,348
Reinsurance and change in premium accruals			(1,829)						(363)						(7,320)						(2,638)
Total premiums			$	43,388					42,559						83,185						81,232

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.

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