XML 23 R3.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Premiums:    
Life insurance $ 37,746 $ 37,642
Accident and health insurance 286 343
Property insurance 1,332 1,047
Net investment income 15,487 15,244
Investment related gains (losses), net (582) 292
Other income 1,088 915
Total revenues 55,357 55,483
Insurance benefits paid or provided:    
Claims and surrenders 28,434 30,589
Increase in future policy benefit reserves 6,569 5,232
Policyholders' dividends 1,353 1,306
Total insurance benefits paid or provided 36,356 37,127
Commissions 7,673 8,157
Other general expenses 11,030 11,382
Capitalization of deferred policy acquisition costs (4,781) (4,985)
Amortization of deferred policy acquisition costs 5,817 6,183
Amortization of cost of customer relationships acquired 236 367
Total benefits and expenses 56,331 58,231
Net income (loss) before taxes (974) (2,748)
Federal income tax expense (benefit) 359 825
Net income (loss) (1,333) (3,573)
Unrealized gains (losses) on available-for-sale debt securities:    
Unrealized Holding Losses Arising During the Period Less Effects of DAC and CCRA, Before Tax (133,342) (55,898)
Reclassification adjustments for losses (gains) included in net income 59 (35)
Unrealized gains (losses) on available-for-sale debt securities, net (133,283) (55,933)
Income tax expense (benefit) on unrealized gains (losses) on available-for-sale securities (9,066) 585
Other comprehensive income (loss) (124,217) (56,518)
Comprehensive income (loss) $ (125,550) $ (60,091)
Common Stock Class A [Member]    
Earnings Per Share, Basic $ (0.03) $ (0.07)
Earnings Per Share, Diluted (0.03) (0.07)
Common Stock Class B [Member]    
Earnings Per Share, Basic 0 (0.04)
Earnings Per Share, Diluted $ 0 $ (0.04)