Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

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:

Years ended December 31, (In thousands, except for %)	2021		%		2020		%		2019		%
Expected tax expense (benefit)	$	(1,404)	21.0	%	$	(2,586)	21.0	%	$	1,186	21.0	%
Foreign income tax rate differential	(2,912)		43.5		(1,817)		14.8		(1,562)		(27.7)
Tax-exempt interest and dividends-received deduction	(114)		1.7		(146)		1.2		(145)		(2.6)
Adjustment of prior year taxes	(61)		0.9		194		(1.6)		(99)		(1.8)
Effect of uncertain tax position	(43,834)		655.4		1		—		1,148		20.3
Nondeductible costs to remediate tax compliance issue	(176)		2.6		(620)		5.0		(27)		(0.5)
Compensation limitation under 162(m) and 280(g)	(21)		0.3		2,386		(19.4)		480		8.5
Subpart F income	2,102		(31.4)		2,217		(18.0)		5,853		103.6
Rate differential on net operating loss carryback claim	295		(4.4)		(999)		8.1		—		—
Goodwill impairment	2,651		(39.6)		—		—		—		—
Other	(1)		—		41		(0.3)		281		5.2
Total federal income tax expense (benefit)	$	(43,475)	650.0	%	$	(1,329)	10.8	%	$	7,115	126.0	%

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

Income tax expense (benefit) consists of:

Years ended December 31, (In thousands)	2021		2020	2019
Income tax expense (benefit):
Current - normal operations	$	(68)	(927)	5,542
Current - UTP release impact	(43,834)		—	—
Deferred	427		(402)	1,573
Total income tax expense (benefit)	$	(43,475)	(1,329)	7,115

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

The components of deferred federal income taxes are as follows:

December 31, (In thousands)	2021		2020
Deferred tax assets:
Future policy benefit reserves	$	2,572	2,657
Net operating and capital loss carryforwards	1,545		1,395
Accrued policyholder dividends and expenses	115		124
Investments	218		147
Deferred intercompany loss	1,848		2,002
Accrued compensation	337		513
Lease liability	2,274		2,514
Other	236		584
Total gross deferred tax assets	9,145		9,936
Deferred tax liabilities:
DAC, COIA and intangible assets	(8,955)		(8,693)
Unrealized gains on investments available-for-sale	(10,350)		(4,522)
Tax reserves transition liability	(2,989)		(3,736)
Right-of-use lease asset	(2,274)		(2,514)
Other	(33)		(35)
Total gross deferred tax liabilities	(24,601)		(19,500)
Net deferred tax liability	$	(15,456)	(9,564)

Change in Deferred Tax Liability [Table Text Block]

A summary of the changes in the components of deferred federal and state income taxes is as follows:

December 31, (In thousands)	2021		2020
Deferred federal and state income taxes:
Balance January 1,	$	(9,564)	(12,428)
Deferred tax benefit (expense)	(427)		402
Investments available-for-sale	(5,709)		2,774
Effects of unrealized gains on DAC, COIA and reserves	244		(391)
Adoption of ASU 2016-13	—		79
Balance December 31,	$	(15,456)	(9,564)

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

A reconciliation of unrecognized tax benefits is as follows:

Years ended December 31, (In thousands)	2021		2020	2019
Balance at January 1,	$	45,990	45,989	44,841
Additions for tax positions of prior years	—		1	1,148
Reductions for tax positions of prior years	(43,834)		—	—
Balance December 31,	$	2,156	45,990	45,989