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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Premiums:        
Life insurance $ 40,185 $ 42,313 $ 80,131 $ 83,293
Accident and health insurance 248 345 509 668
Property insurance 1,063 1,146 2,173 2,307
Net investment income 14,915 15,315 30,084 29,111
Realized investment gains (losses), net 1,448 (2,869) 142 3,092
Other income 482 616 1,024 801
Total revenue 58,341 56,866 114,063 119,272
Insurance benefits paid or provided:        
Claims and surrenders 27,754 27,024 54,203 50,057
Increase in future policy benefit reserves 8,237 9,472 17,708 21,771
Policyholders' dividends 1,328 1,423 2,561 2,605
Total insurance benefits paid or provided 37,319 37,919 74,472 74,433
Commissions 6,714 8,384 14,567 16,268
Other general expenses 11,139 11,949 22,612 26,081
Capitalization of deferred policy acquisition costs (3,731) (5,412) (8,740) (10,240)
Amortization of deferred policy acquisition costs 6,061 6,931 12,180 13,208
Amortization of cost of customer relationships acquired 401 418 769 837
Total benefits and expenses 57,903 60,189 115,860 120,587
Income (loss) before federal income tax 438 (3,323) (1,797) (1,315)
Federal income tax expense (benefit) 1,465 1,242 2,814 7,052
Net income (loss) (1,027) (4,565) (4,611) (8,367)
Unrealized gains (losses) on available-for-sale debt securities:        
Unrealized holding gains (losses) arising during period 80,508 31,220 37,579 60,021
Reclassification adjustments for losses (gains) included in net income (87) (81) 45 23
Unrealized gains (losses) on available-for-sale debt securities, net 80,421 31,139 37,624 60,044
Income tax expense (benefit) on unrealized gains (losses) on available-for-sale securities 5,774 2,163 3,047 4,188
Other comprehensive income (loss) 74,647 28,976 34,577 55,856
Comprehensive income (loss) $ 73,620 $ 24,411 $ 29,966 $ 47,489
Common Stock Class A [Member]        
Earnings Per Share [Abstract]        
Basic and diluted earnings (loss) per share (in dollars per share) $ (0.02) $ (0.09) $ (0.09) $ (0.17)
Common Stock Class B [Member]        
Earnings Per Share [Abstract]        
Basic and diluted earnings (loss) per share (in dollars per share) $ (0.01) $ (0.04) $ (0.05) $ (0.08)