XML 26 R2.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Statements of Financial Position (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Investments:    
Fixed maturity securities available-for-sale, at fair value (amortized cost: $1,409,626 and $1,401,301 in 2025 and 2024, respectively) $ 1,270,045 $ 1,220,961
Equity securities 1,371 5,447
Policy loans 68,717 71,216
Other long-term investments (portion measured at fair value $85,455 and $93,337 in 2025 and 2024, respectively) 85,738 93,604
Total investments 1,425,871 1,391,228
Cash and cash equivalents (restricted portion: $1,554 in both 2025 and 2024) 23,123 29,271
Accrued investment income 17,285 17,546
Receivable for securities 12,946 0
Reinsurance recoverable 10,385 6,941
Deferred policy acquisition costs 214,123 199,635
Cost of insurance acquired 9,141 9,446
Current federal income tax receivable 532 148
Property and equipment, net 9,584 10,574
Due premiums 9,937 11,721
Other assets (less allowance for losses of $725 and $516 in 2025 and 2024, respectively) 9,438 8,815
Total assets 1,742,365 1,685,325
Future policy benefits reserves:    
Future policy benefit reserve 1,193,631 1,173,105
Annuities 168,396 149,977
Dividend accumulations 50,145 47,768
Premiums paid in advance 30,628 31,182
Policy claims payable 8,806 8,822
Other policyholders' funds 7,943 7,271
Total policyholder funds 265,918 245,020
Total policy liabilities 1,459,549 1,418,125
Commissions payable 4,343 4,546
Deferred federal income tax liability 5,224 3,442
Payable for securities in process of settlement 454 0
Other liabilities 47,191 48,857
Total liabilities 1,516,761 1,474,970
Commitments and contingencies (Notes 7 and 8)
Stockholders' equity:    
Retained earnings 64,315 57,062
Accumulated other comprehensive income (loss) (89,416) (95,965)
Treasury stock, at cost (23,725) (23,725)
Total stockholders' equity 225,604 210,355
Total liabilities and stockholders' equity 1,742,365 1,685,325
Life Insurance Product Line[Member]    
Future policy benefits reserves:    
Future policy benefit reserve 1,192,390 1,172,034
Accident and Health Insurance Product Line    
Future policy benefits reserves:    
Future policy benefit reserve 1,241 1,071
Common Stock Class A [Member]    
Stockholders' equity:    
Common stock 271,246 269,799
Common Stock Class B [Member]    
Stockholders' equity:    
Common stock $ 3,184 $ 3,184