XML 22 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Financial Position (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Investments:    
Fixed maturities available-for-sale, at fair value (cost: $1,325,717 and $1,321,487 in 2021 and 2020 respectively) $ 1,467,767 $ 1,489,383
Equity security 22,657 22,102
Policy loans 80,621 83,318
Real estate held-for-sale 2,571 2,571
Other long-term investments (portion measured at fair value $26,023 and $11,923 in 2021 and 2020, respectively; less allowance for losses of $11 in 2021 and 2020) 26,388 27,294
Total investments 1,600,004 1,624,668
Cash and cash equivalents 30,125 34,131
Accrued investment income 16,301 16,137
Reinsurance recoverable 4,822 5,753
Deferred policy acquisition costs 107,135 104,913
Cost of insurance acquired 11,142 11,541
Goodwill and other intangible assets 13,568 13,570
Property and equipment, net 14,926 16,312
Due premiums 9,336 11,309
Other assets (less allowance for losses of $258 and $297 in 2021 and 2020, respectively) 6,642 5,086
Total assets 1,814,001 1,843,420
Future policy benefits reserves:    
Life insurance 1,256,569 1,246,423
Annuities 82,193 78,304
Accident and health 774 761
Dividend accumulations 35,346 33,336
Premiums paid in advance 42,296 40,605
Policy claims payable 12,198 13,206
Other policyholders' funds 26,645 22,447
Total policy liabilities 1,456,021 1,435,082
Commissions payable 2,149 2,572
Current federal income tax payable 45,471 43,916
Deferred federal income tax payable 9,661 9,564
Payable for securities in process of settlement 930 5,265
Other liabilities 30,644 46,076
Total liabilities 1,544,876 1,542,475
Commitments and contingencies (Note 8)
Stockholders' equity:    
Accumulated deficit (80,903) (82,352)
Accumulated other comprehensive income:    
Net unrealized gains on securities, net of tax 103,885 128,255
Treasury stock, at cost (20,101) (11,011)
Stockholders' equity 269,125 300,945
Total liabilities and stockholders' equity 1,814,001 1,843,420
Common Stock Class A [Member]    
Stockholders' equity:    
Common stock 263,060 262,869
Common Stock Class B [Member]    
Stockholders' equity:    
Common stock $ 3,184 $ 3,184