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Consolidated Statements of Financial Position (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Investments:    
Fixed maturity securities available-for-sale, at fair value (amortized cost: $1,374,777 and $1,343,755 in 2022 and 2021, respectively) $ 1,161,048 $ 1,470,617
Equity securities, at fair value 11,789 14,844
Policy loans 78,085 80,307
Other long-term investments (portion measured at fair value $62,454 and $56,038 in 2022 and 2021, respectively) 62,717 57,399
Short-term Investments 1,241 0
Total investments 1,314,880 1,623,167
Cash and cash equivalents 21,007 27,294
Accrued investment income 16,615 16,197
Reinsurance recoverable 3,485 5,539
Deferred policy acquisition costs 140,727 140,380
Cost of insurance acquired 10,530 10,611
Current federal income tax receivable 0 762
Deferred tax asset 3,273 0
Property and equipment, net 13,310 14,074
Due premiums 10,551 10,748
Other assets (less allowance for losses of $344 and $111 in 2022 and 2021, respectively) 6,572 5,739
Total assets 1,540,950 1,854,511
Future policy benefits reserves:    
Life insurance 1,299,924 1,278,987
Annuities 91,984 83,918
Accident and health 729 784
Dividend accumulations 40,483 37,760
Premiums paid in advance 38,437 40,690
Policy claims payable 7,979 14,590
Other policyholders' funds 37,935 30,690
Total policy liabilities 1,517,471 1,487,419
Commissions payable 1,772 2,285
Current federal income tax payable 469 0
Deferred federal income tax payable 0 15,456
Other liabilities 35,466 28,780
Total liabilities 1,555,178 1,533,940
Commitments and contingencies (Note 8)
Stockholders' equity:    
Accumulated deficit (55,577) (45,565)
Accumulated other comprehensive income:    
Net unrealized gains (losses) on fixed maturity securities, net of tax (207,539) 117,492
Treasury stock, at cost (22,284) (20,101)
Stockholders' equity (14,228) 320,571
Total liabilities and stockholders' equity 1,540,950 1,854,511
Common Stock Class A [Member]    
Stockholders' equity:    
Common stock 267,988 265,561
Common Stock Class B [Member]    
Stockholders' equity:    
Common stock $ 3,184 $ 3,184