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Consolidated Statements of Financial Position (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Investments:    
Fixed maturities available-for-sale, at fair value (cost: $1,295,628 and $1,293,853 in 2020 and 2019 respectively) $ 1,417,317 $ 1,377,959
Equity security 20,698 16,033
Policy loans 84,171 82,005
Real estate held-for-sale 2,571 2,571
Other long-term investments (portion measured at fair value $9,079 in 2020; less allowance for losses of $11 in 2020) 9,452 385
Short-term investments 0 1,301
Total investments 1,534,209 1,480,254
Cash and cash equivalents 52,375 46,205
Accrued investment income 16,884 17,453
Receivable for securities 3,320 0
Reinsurance recoverable 2,971 3,696
Deferred policy acquisition costs 145,494 149,249
Cost of insurance acquired 12,574 13,455
Goodwill and other intangible assets 13,573 13,575
Property and equipment, net 16,592 5,904
Due premiums 11,952 12,656
Other assets (less allowance for losses of $472 in 2020) 2,992 2,489
Total assets 1,812,936 1,744,936
Fixed maturities available-for-sale, cost 1,295,628 1,293,853
Other long-tern investments, portion measured at fair value 9,079  
Allowance for loan and lease losses 11  
Due premiums, allowance for doubtful accounts 472  
Future policy benefits reserves:    
Life insurance 1,235,083 1,218,757
Annuities 77,954 76,380
Accident and health 882 1,031
Dividend accumulations 31,672 29,211
Premiums paid in advance 41,803 43,102
Policy claims payable 9,204 8,059
Other policyholders' funds 19,976 18,192
Total policy liabilities 1,416,574 1,394,732
Commissions payable 1,913 2,514
Current federal income tax payable 47,730 44,622
Deferred federal income tax payable 15,320 12,428
Payable for securities in process of settlement 1,517 0
Other liabilities 40,089 30,804
Total liabilities 1,523,143 1,485,100
Commitments and contingencies (Note 7)
Stockholders' equity:    
Accumulated deficit (75,975) (70,969)
Accumulated other comprehensive income:    
Net unrealized gains on securities, net of tax 111,694 77,117
Treasury stock, at cost (11,011) (11,011)
Stockholders' equity 289,793 259,836
Total liabilities and stockholders' equity 1,812,936 1,744,936
Common Stock Class A [Member]    
Stockholders' equity:    
Common stock $ 261,901 $ 261,515
Accumulated other comprehensive income:    
Common stock, par value (in dollars per share) $ 0 $ 0
Common stock, shares authorized (in shares) 100,000,000 100,000,000
Common stock, shares issued (in shares) 52,490,804 52,364,993
Common stock, shares outstanding (in shares) 52,490,804 52,364,993
Common stock, shares in treasury (in shares) 3,135,738 3,135,738
Common Stock Class B [Member]    
Stockholders' equity:    
Common stock $ 3,184 $ 3,184
Accumulated other comprehensive income:    
Common stock, par value (in dollars per share) $ 0 $ 0
Common stock, shares authorized (in shares) 2,000,000 2,000,000
Common stock, shares issued (in shares) 1,001,714 1,001,714
Common stock, shares outstanding (in shares) 1,001,714 1,001,714