Income Taxes (Tables)

6 Months Ended

Jun. 30, 2020

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

A reconciliation between the U.S. corporate income tax rate and the effective income tax rate is as follows:

Three Months Ended June 30,	2020				2019
(In thousands, except for %)	Amount		%		Amount		%
Federal income tax expense:
Expected tax expense (benefit)	$	92	21.0	%	$	(698)	21.0	%
Foreign income tax rate differential	(489)		(111.6)	%	(196)		5.9	%
Tax-exempt interest and dividends-received deduction	(38)		(8.7)	%	(59)		1.8	%
Annualized effective tax rate adjustment	229		52.3	%	(55)		1.7	%
Adjustment of prior year taxes	(83)		(18.9)	%	—		—	%
Effect of uncertain tax position	1,028		234.7	%	1,224		(36.8)	%
CICA Ltd. Subpart F income	717		163.7	%	884		(26.6)	%
Other	9		2.1	%	142		(4.3)	%
Total federal income tax expense	$	1,465	334.6	%	$	1,242	(37.3)	%

Six Months Ended June 30,	2020				2019
(In thousands, except for %)	Amount		%		Amount		%
Federal income tax expense:
Expected tax expense (benefit)	$	(377)	21.0	%	$	(276)	21.0	%
Foreign income tax rate differential	(1,039)		57.8	%	(111)		8.4	%
Tax-exempt interest and dividends-received deduction	(78)		4.3	%	(118)		9.0	%
Annualized effective tax rate adjustment	846		(47.1)	%	3,264		(248.2)	%
Adjustment of prior year taxes	(88)		4.9	%	—		—	%
Effect of uncertain tax position	2,043		(113.7)	%	2,416		(183.7)	%
CICA Ltd. Subpart F income	1,392		(77.5)	%	1,595		(121.4)	%
Other	115		(6.4)	%	282		(21.4)	%
Total federal income tax expense	$	2,814	(156.7)	%	$	7,052	(536.3)	%

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Income tax expense consists of:

Six Months Ended June 30,	2020		2019
(In thousands)
Federal income tax expense:
Current	$	2,890	7,146
Deferred	(76)		(94)
Total federal income tax expense	$	2,814	7,052

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The components of deferred federal income taxes are as follows:

Net Deferred Tax Asset (Liability) (In thousands)	June 30, 2020		December 31, 2019
Deferred tax assets:
Future policy benefit reserves	$	2,689	2,641
Net operating and capital loss carryforwards	160		230
Investments	644		702
Deferred intercompany loss	2,901		3,539
Fixed assets	482		—
Lease liability	2,627		238
Other	442		700
Total gross deferred tax assets	9,945		8,050
Deferred tax liabilities:
Deferred policy acquisition costs, cost of insurance acquired and intangible assets	(8,390)		(8,417)
Unrealized gains on investments available-for-sale	(10,101)		(7,300)
Tax reserves transition liability	(4,110)		(4,483)
Right of use lease asset	(2,627)		(238)
Other	(37)		(40)
Total gross deferred tax liabilities	(25,265)		(20,478)
Net deferred tax liability	$	(15,320)	(12,428)