Summary of Significant Accounting Policies Financial Statements (Tables)

12 Months Ended

Dec. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Deferred Policy Acquisition Costs [Table Text Block]

The components of DAC from year to year are summarized as follows:

Years ended December 31, (In thousands)	2021		2020	2019
Balance at beginning of period	$	104,913	149,249	155,747
Capitalization of deferred policy acquisition costs	22,740		20,475	22,255
Amortization of deferred policy acquisition costs	(24,952)		(27,439)	(28,268)
Effects of unrealized (gains) losses	37,679		(37,372)	(485)
Balance at end of period	$	140,380	104,913	149,249

Schedule of Change in Accounting Estimate [Table Text Block]

The impact is reflected in the accompanying consolidated financial statements and summarized in the table below.

(In thousands)	2021		2019
Increase (Decrease)
Consolidated Balance Sheets
DAC	$	(122)	(1,396)
Future policy benefit reserves:
Life insurance	(827)		(2,299)
Consolidated Statements of Operations and Comprehensive Income (Loss)
Decrease in future policy benefit reserves	(827)		(2,299)
Amortization of deferred policy acquisition costs	122		1,396
Income before federal income tax	705		903
Federal income tax expense	148		190
Net income	$	557	713

Present Value of Future Insurance Profits [Table Text Block]

COIA relative to purchased blocks of insurance is summarized as follows:

Years ended December 31, (In thousands)	2021		2020	2019
Balance at beginning of period	$	11,541	13,455	15,225
Amortization	(1,206)		(1,816)	(1,546)
Change in effects of unrealized (gains) losses on COIA	276		(98)	(224)
Balance at end of period	$	10,611	11,541	13,455

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

Estimated amortization of COIA in each of the next five years and thereafter is as follows.  Actual future amortization will differ from these estimates due to variances from estimated future withdrawal assumptions.

(In thousands)	Amount
Cost of insurance acquired:
Year:
2022	$	846
2023	762
2024	693
2025	633
2026	577
Thereafter	7,308
	10,819
Effects of unrealized (gains) losses on COIA	(208)
Total cost of insurance acquired	$	10,611

Schedule of Goodwill [Table Text Block]

The following is a summary of changes in goodwill in our Life Insurance segment:

Years ended December 31, (In thousands)	2021		2020	2019
Balance at beginning of period	$	12,624	12,624	12,624
Impairment	12,624		—	—
Balance at end of period	$	—	12,624	12,624

Property, Plant and Equipment [Table Text Block]

The following is a summary of property and equipment.

December 31, (In thousands)	2021		2020
Property and equipment:
Home office, land and buildings	$	3,980	4,136
Furniture and equipment	1,236		1,618
Electronic data processing equipment and computer software	7,418		7,179
Automobiles	—		50
Real estate and equipment leases (See Note 7)	10,827		11,973
Total property and equipment	23,461		24,956
Accumulated depreciation	(9,387)		(8,644)
Total property and equipment	$	14,074	16,312