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Policyholders' Liabilities

12 Months Ended

Dec. 31, 2025

Insurance [Abstract]

Long-Duration Insurance Contracts Disclosure [Text Block]

LIABILITY FOR FUTURE POLICY BENEFITS

The following tables summarize balances of and changes in the liability for future policy benefits for our reporting cohorts: Permanent, which summarizes insurance policies with premiums payable over the lifetime of the policy,

and Permanent Limited Pay, which summarizes insurance policies with premiums payable for a limited time after which the policy is fully paid up. Both reporting cohorts include whole life and endowment policies.

December 31, 2025 (In thousands)			International Insurance												Domestic Insurance
			Permanent			Permanent Limited Pay						Total						Permanent			Permanent Limited Pay						Total
Present Value of Expected Net Premiums:
Balance, beginning of year			$	237,944		15,592						253,536						156,432			13,248						169,680
Beginning balance at original discount rate			$	247,279		15,807						263,086						164,666			14,105						178,771
Effect of changes in cash flow assumptions			(3,947)			4,277						330						(1,137)			(240)						(1,377)
Effects of actual variances from expected experience			4,062			1,713						5,775						(46,814)			(4,063)						(50,877)
Adjusted beginning of year balance			247,394			21,797						269,191						116,715			9,802						126,517
Issuances			31,830			4,798						36,628						100,202			2,126						102,328
Interest accrual			9,814			729						10,543						7,775			482						8,257
Net premiums collected			(46,595)			(7,330)						(53,925)						(24,084)			981						(23,103)
Derecognition and other			469			411						880						(8,537)			55						(8,482)
Ending balance at original discount rate			242,912			20,405						263,317						192,071			13,446						205,517
Effect of changes in discount rates			(1,518)			187						(1,331)						(2,226)			(394)						(2,620)
Balance, end of year			$	241,394		20,592						261,986						189,845			13,052						202,897
Present Value of Expected Future Policy Benefits:
Balance, beginning of year			$	914,153		159,244						1,073,397						281,212			139,461						420,673
Beginning balance at original discount rate			$	965,548		170,911						1,136,459						304,500			153,902						458,402
Effect of changes in cash flow assumptions			(3,161)			7,277						4,116						(4,514)			(1,590)						(6,104)
Effects of actual variances from expected experience			7,099			4,231						11,330						(47,059)			(1,875)						(48,934)
Adjusted beginning of year balance			969,486			182,419						1,151,905						252,927			150,437						403,364
Issuances			32,505			5,145						37,650						100,133			2,119						102,252
Interest accrual			41,386			6,869						48,255						14,501			7,149						21,650
Benefit payments			(110,801)			(20,384)						(131,185)						(19,088)			(6,977)						(26,065)
Derecognition and other			(333)			26						(307)						(8,652)			47						(8,605)
Ending balance at original discount rate			932,243			174,075						1,106,318						339,821			152,775						492,596
Effect of changes in discount rates			(21,668)			(7,748)						(29,416)						(15,439)			(13,555)						(28,994)
Balance, end of year			$	910,575		166,327						1,076,902						324,382			139,220						463,602
Net liability for future policy benefits			$	669,181		145,735						814,916						134,537			126,168						260,705
Plus: Flooring impact			2			—						2						—			—						—
Less: Reinsurance recoverable			—			—						—						6,795			—						6,795
Net liability for future policy benefits, after reinsurance recoverable			$	669,183		145,735						814,918						127,742			126,168						253,910

For the year ended December 31, 2025, the International Insurance segment had lower reserves compared to the same period in 2024, primarily due to matured endowments, which outpaced reserves added for new business sales and assumptions updates to reflect higher than anticipated persistency in later durations. For the year ended

December 31, 2025, the Domestic Insurance segment had higher reserves compared to the same period in 2024, primarily driven by high new business sales which were partially offset by favorable assumptions updates reflecting better mortality than previous assumptions.

December 31, 2024 (In thousands)			International Insurance												Domestic Insurance
			Permanent			Permanent Limited Pay						Total						Permanent			Permanent Limited Pay						Total
Present Value of Expected Net Premiums:
Balance, beginning of year			$	237,762		13,671						251,433						105,986			14,515						120,501
Beginning balance at original discount rate			$	245,312		13,920						259,232						109,159			15,125						124,284
Effect of changes in cash flow assumptions			(1,198)			269						(929)						18,467			26						18,493
Effects of actual variances from expected experience			4,041			1,849						5,890						(29,560)			(5,260)						(34,820)
Adjusted beginning of year balance			248,155			16,038						264,193						98,066			9,891						107,957
Issuances			34,493			3,612						38,105						82,252			2,306						84,558
Interest accrual			9,659			555						10,214						6,163			492						6,655
Net premiums collected			(44,732)			(4,548)						(49,280)						(17,863)			1,439						(16,424)
Derecognition and other			(296)			150						(146)						(3,952)			(23)						(3,975)
Ending balance at original discount rate			247,279			15,807						263,086						164,666			14,105						178,771
Effect of changes in discount rates			(9,335)			(215)						(9,550)						(8,234)			(857)						(9,091)
Balance, end of year			$	237,944		15,592						253,536						156,432			13,248						169,680
Present Value of Expected Future Policy Benefits:
Balance, beginning of year			$	954,686		165,124						1,119,810						230,610			152,782						383,392
Beginning balance at original discount rate			$	977,825		172,231						1,150,056						235,661			154,465						390,126
Effect of changes in cash flow assumptions			(1,636)			701						(935)						19,454			(1,044)						18,410
Effects of actual variances from expected experience			7,917			5,127						13,044						(29,635)			(2,764)						(32,399)
Adjusted beginning of year balance			984,106			178,059						1,162,165						225,480			150,657						376,137
Issuances			35,394			3,740						39,134						82,175			2,312						84,487
Interest accrual			42,582			6,838						49,420						12,305			7,145						19,450
Benefit payments			(94,941)			(17,765)						(112,706)						(16,162)			(6,976)						(23,138)
Derecognition and other			(1,593)			39						(1,554)						702			764						1,466
Ending balance at original discount rate			965,548			170,911						1,136,459						304,500			153,902						458,402
Effect of changes in discount rates			(51,395)			(11,667)						(63,062)						(23,288)			(14,441)						(37,729)
Balance, end of year			$	914,153		159,244						1,073,397						281,212			139,461						420,673
Net liability for future policy benefits			$	676,209		143,652						819,861						124,780			126,213						250,993
Plus: Flooring impact			2			—						2						—			—						—
Less: Reinsurance recoverable			—			—						—						1,639			—						1,639
Net liability for future policy benefits, after flooring impact			$	676,211		143,652						819,863						123,141			126,213						249,354

The following table reconciles the net liability for future policy benefits shown above to the liability for future policy benefits reported in the consolidated balance sheets.

			December 31, 2025												December 31, 2024
(In thousands)			International Insurance			Domestic Insurance			Consolidated						International Insurance			Domestic Insurance			Consolidated
Life Insurance:
Permanent			$	669,183		127,742			796,925						676,211			123,141			799,352
Permanent limited pay			145,735			126,168			271,903						143,652			126,213			269,865
Deferred profit liability			27,222			38,917			66,139						24,369			36,265			60,634
Other			29,408			23,714			53,122						23,503			18,680			42,183
Total life insurance			871,548			316,541			1,188,089						867,735			304,299			1,172,034
Accident & Health:
Other			686			652			1,338						500			571			1,071
Total future policy benefit reserves			$	872,234		317,193			1,189,427						868,235			304,870			1,173,105

The following table provides the amount of undiscounted and discounted expected gross premiums and expected future benefit payments for long-term duration contracts.

			December 31, 2025												December 31, 2024
(In thousands)			International Insurance						Domestic Insurance						International Insurance						Domestic Insurance
Undiscounted:
Permanent:
Expected future gross premiums			$	576,100					728,775						580,852						633,954
Expected future benefit payments			1,413,471						753,657						1,442,250						668,200
Permanent Limited Pay:
Expected future gross premiums			49,992						75,405						44,654						75,464
Expected future benefit payments			264,452						398,905						248,256						395,163
Discounted:
Permanent:
Expected future gross premiums			$	450,762					455,293						445,531						383,370
Expected future benefit payments			910,575						324,382						914,153						281,212
Permanent Limited Pay:
Expected future gross premiums			44,905						48,644						39,865						49,452
Expected future benefit payments			166,327						139,220						159,244						139,461

The following tables summarize the amount of revenue and interest related to long-term duration contracts recognized in the consolidated statements of operations and comprehensive income (loss) as of the dates indicated.

Years Ended December 31, (In thousands)			2025									2024
			Gross Premiums			Interest Expense						Gross Premiums			Interest Expense
International Insurance:
Life Insurance:
Permanent			$	92,284		31,572						92,153			32,923
Permanent Limited Pay			18,498			7,152						16,322			7,213
Other			8,686			—						11,220			—
Less:
Reinsurance			1,822			—						1,653			—
Total, net of reinsurance			117,646			38,724						118,042			40,136
Accident & Health:
Other			709			—						761			—
Total			$	118,355		38,724						118,803			40,136
Domestic Insurance:
Life Insurance:
Permanent			$	57,151		6,726						45,891			6,142
Permanent Limited Pay			8,106			8,443						8,514			8,302
Other			2,278			—						2,953			—
Less:
Reinsurance			10,570			—						3,839			—
Total, net of reinsurance			56,965			15,169						53,519			14,444
Accident & Health:
Other			1,054			—						1,027			—
Less:
Reinsurance			3			—						3			—
Total, net of reinsurance			1,051			—						1,024			—
Total			$	58,016		15,169						54,543			14,444

The following table provides the weighted-average durations of the liability for future policy benefits.

			December 31, 2025									December 31, 2024
(In years)			International Insurance			Domestic Insurance						International Insurance			Domestic Insurance
Permanent:
Duration at original discount rate			8.1			17.2						7.9			16.9
Duration at current discount rate			8.0			16.1						8.0			16.5
Permanent Limited Pay:
Duration at original discount rate			7.7			13.6						6.9			14.2
Duration at current discount rate			7.3			12.8						6.7			13.5

The following table provides the weighted-average interest rates for the liability for future policy benefits.

			December 31, 2025									December 31, 2024
			International Insurance			Domestic Insurance						International Insurance			Domestic Insurance
Permanent:
Interest rate at original discount rate			4.81		%	4.95		%				4.86		%	5.03		%
Interest rate at current discount rate			4.82		%	5.48		%				5.24		%	5.63		%
Permanent Limited Pay:
Interest rate at original discount rate			4.21		%	4.84		%				4.17		%	4.99		%
Interest rate at current discount rate			4.85		%	5.44		%				5.21		%	5.62		%

LIABILITY FOR POLICYHOLDERS’ ACCOUNT BALANCES

The following table presents the policyholders' account balances by range of guaranteed minimum crediting rates and the related range of the difference, in basis points, between rates being credited and the respective guaranteed minimums.

			At Guaranteed Minimum			1 Basis Point-50 Basis Points Above			51 Basis Points-150 Basis Points Above			Greater Than 150 Basis Points Above			Total
December 31, 2025 (In thousands)
Range of Guaranteed Minimum Crediting Rates:
0.00% - 1.49%			$	886		—			—			32,196			33,082
1.50% - 2.99%			3,937			182			6			37,659			41,784
3.00% - 4.49%			119,257			382			27,167			—			146,806
Greater or equal to 4.50%			31,084			—			—			—			31,084
Total			$	155,164		564			27,173			69,855			252,756

			At Guaranteed Minimum			1 Basis Point-50 Basis Points Above			51 Basis Points-150 Basis Points Above			Greater Than 150 Basis Points Above			Total
December 31, 2024 (In thousands)
Range of Guaranteed Minimum Crediting Rates:
0.00% - 1.49%			$	826		—			—			34,741			35,567
1.50% - 2.99%			4,761			178			6			32,452			37,397
3.00% - 4.49%			102,478			369			18,977			—			121,824
Greater or equal to 4.50%			31,371			—			—			—			31,371
Total			$	139,436		547			18,983			67,193			226,159

The following tables summarize balances of and changes in policyholders' account balances.

December 31, 2025 (In thousands, except for %)			Supplemental Contracts Without Life Contingencies			Fixed Annuity			Dividend Accumulations			Premiums Paid in Advance
Balance, beginning of year			$	60,414		88,080			47,768			29,897
Issuances			34,887			4,660			796			4,629
Premiums received			323			4,816			5,973			791
Interest credited			2,850			3,167			2,301			816
Less:
Surrenders and withdrawals			—			12,426			5,478			8,816
Benefit payments			12,692			—			—			—
Balance, end of year			$	85,782		88,297			51,360			27,317
Weighted-average crediting rates			4.10		%	3.97		%	3.90		%	3.25		%
Cash surrender value			$	85,782		88,297			51,360			27,317

December 31, 2024 (In thousands, except for %)			Supplemental Contracts Without Life Contingencies			Fixed Annuity			Dividend Accumulations			Premiums Paid in Advance
Balance, beginning of year			$	44,569		87,134			44,960			31,039
Issuances			24,241			3,263			779			5,820
Premiums received			438			4,201			5,703			778
Interest credited			2,031			2,790			1,827			800
Other			5			—			—			—
Less:
Surrenders and withdrawals			—			9,308			5,501			8,540
Benefit payments			10,870			—			—			—
Balance, end of year			$	60,414		88,080			47,768			29,897
Weighted-average crediting rates			4.01		%	3.73		%	3.58		%	3.02		%
Cash surrender value			$	60,414		88,080			47,768			29,897

The following table reconciles policyholders' account balances shown above to the policyholders' account balance liability in the consolidated balance sheets.

As of December 31, (In thousands)			2025						2024
Annuities:
Supplemental contracts without life contingencies			$	85,782					60,414
Fixed annuity			88,297						88,080
Unearned revenue reserve			1,490						1,483
Total annuities			$	175,569					149,977
Premiums paid in advance:
Premiums paid in advance			$	27,317					29,897
Other			1,738						1,285
Total premiums paid in advance			$	29,055					31,182

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X

- Definition

The entire disclosure for long duration contracts. This may include the information pertinent to an understanding of the types of traditional and nontraditional insurance and investment contracts sold and serviced, including the nature and amount of estimated guaranteed obligations pertaining to such contracts and the assumptions underlying such estimated amounts, hedging strategies, and sales inducements offered.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/944/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (u)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

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