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Consolidated Statements of Financial Position (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Investments:    
Fixed maturities available-for-sale, at fair value (cost: $1,274,085 and $1,223,747 in 2019 and 2018 respectively) $ 1,341,339 $ 1,231,039
Equity security 15,827 15,068
Mortgage loans on real estate 182 186
Policy loans 81,545 80,825
Real estate held for investment (less $1,284 accumulated depreciation in 2018) 0 5,718
Real estate held-for-sale (less $1,364 and $4,411 accumulated depreciation in 2019 and 2018, respectively) 2,571 1,483
Other long-term investments 22 22
Short-term investments 2,455 7,865
Total investments 1,443,941 1,342,206
Cash and cash equivalents 34,568 45,492
Accrued investment income 18,920 18,467
Reinsurance recoverable 3,456 3,664
Deferred policy acquisition costs 152,313 155,747
Cost of customer relationships acquired 14,169 15,225
Goodwill 12,624 12,624
Other intangible assets 954 956
Property and equipment, net 7,147 5,943
Due premiums, net (less $1,607 and $1,990 allowance for doubtful accounts in 2019 and 2018, respectively) 10,557 13,325
Prepaid expenses 1,472 284
Other assets 2,039 1,628
Total assets 1,702,160 1,615,561
Future policy benefits reserves:    
Life insurance 1,200,277 1,179,946
Annuities 76,302 76,377
Accident and health 970 944
Dividend accumulations 27,668 26,250
Premiums paid in advance 43,795 48,553
Policy claims payable 7,747 7,614
Other policyholders' funds 15,655 10,760
Total policy liabilities 1,372,414 1,350,444
Commissions payable 2,191 1,901
Current federal income tax payable 48,426 41,281
Deferred federal income tax liability 9,803 5,709
Payable for securities in process of settlement 4,975 0
Other liabilities 27,919 28,493
Total liabilities 1,465,728 1,427,828
Commitments and contingencies (Note 7)
Stockholders' equity:    
Accumulated deficit (77,966) (69,599)
Accumulated other comprehensive income:    
Net unrealized gains on securities, net of tax 61,222 5,366
Treasury stock, at cost (11,011) (11,011)
Total stockholders' equity 236,432 187,733
Total liabilities and stockholders' equity 1,702,160 1,615,561
Common Stock Class A [Member]    
Stockholders' equity:    
Common stock 261,003 259,793
Common Stock Class B [Member]    
Stockholders' equity:    
Common stock $ 3,184 $ 3,184