Summary of Significant Accounting Policies Financial Statements (Tables)

12 Months Ended

Dec. 31, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]

2015	As Reported			Restatement		As Adjusted
	(In thousands)
Consolidated Statements of Financial Position
Deferred policy acquisition costs	$	165,362		(1,670	)	163,692
Deferred tax asset	68,764			(1,619	)	67,145
Total assets	1,484,040			(3,289	)	1,480,751
Liabilities:
Future policy benefit reserves:
Life insurance	$	995,972		(8,599	)	987,373
Total policy liabilities	1,140,879			(8,599	)	1,132,280
Current federal income tax payable	71,225			757		71,982
Other liabilities	24,205			144		24,349
Total liabilities	1,241,523			(7,698	)	1,233,825
Accumulated deficit	(22,626		)	4,409		(18,217	)
Total stockholders' equity	242,517			4,409		246,926
Total liabilities and stockholders' equity	1,484,040			(3,289	)	1,480,751
Consolidated Statements of Operations and Comprehensive Income (Loss)
Increase in future policy benefit reserves	$	77,929		(869	)	77,060
Total insurance benefits paid or provided	167,555			(869	)	166,686
Other general expenses	33,143			144		33,287
Amortization of deferred policy acquisition costs	23,339			61		23,400
Total benefits and expenses	238,875			(664	)	238,211
Income (loss) before federal income tax expense	(2,607		)	664		(1,943	)
Federal income tax expense	972			228		1,200
Net income (loss)	(3,579		)	436		(3,143	)
Basic and diluted earnings (losses) per share of Class A common stock	(0.07		)	0.01		(0.06	)
Basic and diluted earnings (losses) per share of Class B common stock	(0.04		)	0.01		(0.03	)
Comprehensive income (loss)	(15,842		)	436		(15,406	)
Consolidated Statements of Stockholders' Equity
Balance at December 31, 2014	$	258,359		3,973		262,332
Net income (loss)	(3,579		)	436		(3,143	)
Balance at December 31, 2015	242,517			4,409		246,926
Consolidated Statements of Cash Flows
Net income (loss)	$	(3,579	)	436		(3,143	)
Net deferred policy acquisition costs	(7,765		)	61		(7,704	)
Deferred federal income tax benefit	4,043			(528	)	3,515
Future policy benefit reserves	77,770			(869	)	76,901
Commission payable and other liabilities	473			144		617
Federal income tax payable	(7,593		)	756		(6,837	)
Net cash provided by operating activities	87,153			—		87,153

2014	As Reported			Restatement		As Adjusted
	(In thousands)
Consolidated Statements of Operations and Comprehensive Income (Loss)
Increase in future policy benefit reserves	$	82,847		(849	)	81,998
Total insurance benefits paid or provided	161,218			(849	)	160,369
Amortization of deferred policy acquisition costs	21,064			19		21,083
Total benefits and expenses	233,005			(830	)	232,175
Income (loss) before federal income tax expense	(2,780		)	830		(1,950	)
Federal income tax expense	3,725			295		4,020
Net income (loss)	(6,505		)	535		(5,970	)
Basic and diluted earnings (losses) per share of Class A common stock	(0.13		)	0.01		(0.12	)
Basic and diluted earnings (losses) per share of Class B common stock	(0.07		)	0.01		(0.06	)
Comprehensive income	12,550			535		13,085
Consolidated Statements of Stockholders' Equity
Balance at December 31, 2013	$	245,809		3,438		249,247
Net income (loss)	(6,505		)	535		(5,970	)
Balance at December 31, 2014	258,359			3,973		262,332
Consolidated Statements of Cash Flows
Net income (loss)	$	(6,505	)	535		(5,970	)
Net deferred policy acquisition costs	(11,007		)	19		(10,988	)
Deferred federal income tax benefit	(79,175		)	295		(78,880	)
Future policy benefit reserves	82,767			(849	)	81,918
Net cash provided by operating activities	97,934			—		97,934

Deferred Policy Acquisition Costs [Table Text Block]

The components of deferred acquisition costs from year to year are summarized as follows:

	For the Years Ended December 31,
	2016			2015		2014
				(As adjusted)		(As adjusted)
	(In thousands)
Balance at beginning of period	$	163,692		155,859		145,101
Capitalized	32,732			31,104		32,071
Amortized	(28,515		)	(23,400	)	(21,083	)
Effects of unrealized (gains) losses	(119		)	129		(230	)
Balance at end of period	$	167,790		163,692		155,859

Intangible Assets Arising from Insurance Contracts Acquired in Business Combination [Table Text Block]

Cost of customer relationships acquired relative to purchased blocks of insurance is summarized as follows:

	For the Years Ended December 31,
	2016			2015		2014
	(In thousands)
Balance at beginning of period	$	21,585		23,542		23,374
Acquisitions	—			—		2,762
Amortization	(2,063		)	(2,317	)	(2,182	)
Change in effects of unrealized (gains) losses on CCRA	(107		)	360		(412	)
Balance at end of period	$	19,415		21,585		23,542

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

Estimated amortization of cost of customer relationship acquired in each of the next five years and thereafter is as follows.  Actual future amortization will differ from these estimates due to variances from estimated future withdrawal assumptions.

	Amount
	(In thousands)
Year:
2017	$	1,791
2018	1,658
2019	1,495
2020	1,349
2021	1,220
Thereafter	12,461
	19,974
Effects of unrealized (gains) losses on CCRA	(559		)
Total	$	19,415

Schedule of Goodwill [Table Text Block]

Goodwill is summarized as follows:

	Net Amount
	(In thousands)
Balance at January 1, 2015 and 2016	$	17,255
Acquisition	—
Adjustments	—
Balance at December 31, 2016	$	17,255

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following table sets forth the computation of basic and diluted earnings per share.

	Years Ended December 31,
		2016		2015		2014
				(As adjusted)		(As adjusted)
	(In thousands, except per share amounts)
Basic and diluted earnings per share:
Numerator:
Net income (loss)		$	1,969	(3,143	)	(5,970	)
Net income (loss) allocated to Class A common stock		$	1,949	(3,112	)	(5,910	)
Net income (loss) allocated to Class B common stock		20		(31	)	(60	)
Net income (loss)		$	1,969	(3,143	)	(5,970	)
Denominator:
Weighted average shares of Class A outstanding - basic and diluted		49,080		49,080		49,080
Weighted average shares of Class B outstanding - basic and diluted		1,002		1,002		1,002
Total weighted average shares outstanding - basic and diluted		50,082		50,082		50,082
Basic and diluted earnings (losses) per share of Class A common stock		$	0.04	(0.06	)	(0.12	)
Basic and diluted earnings (losses) per share of Class B common stock		0.02		(0.03	)	(0.06	)

Property, Plant and Equipment [Table Text Block]

The following is a summary of property and equipment.

	December 31,
	2016			2015
	(In thousands)
Property and equipment:
Home office, land and buildings	$	10,051		9,970
Furniture and equipment	2,994			2,531
Electronic data processing equipment and computer software	6,914			5,244
Automobiles and marine assets	175			293
Airplane	3,356			3,356
Total property and equipment	23,490			21,394
Accumulated depreciation	(15,600		)	(15,056	)
Balance at end of period	$	7,890		6,338