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Consolidated Statements of Financial Position (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Investments:    
Fixed maturity securities available-for-sale, at fair value (amortized cost: $1,397,074 and $1,389,038 in 2024 and 2023, respectively) $ 1,234,048 $ 1,238,981
Equity securities, at fair value 5,419 5,282
Policy loans 75,274 75,359
Other long-term investments (portion measured at fair value $84,853 and $82,460 in 2024 and 2023, respectively) 85,118 82,725
Total investments 1,399,859 1,402,347
Cash and cash equivalents 23,242 26,997
Accrued investment income 17,290 17,360
Reinsurance recoverable 4,208 3,991
Deferred policy acquisition costs 180,061 175,768
Cost of insurance acquired 9,871 10,043
Current federal income tax receivable 192 1,546
Property and equipment, net 11,408 11,809
Due premiums 9,880 11,264
Other assets (less allowance for losses of $431 and $408 in 2024 and 2023, respectively) 9,652 7,803
Total assets 1,665,663 1,668,928
Future policy benefits reserves:    
Life insurance 1,195,430 1,229,253
Accident & health insurance 844 889
Total future policy benefit reserves 1,196,274 1,230,142
Annuities 136,965 133,216
Dividend accumulations 45,760 44,960
Premiums paid in advance 32,391 32,446
Policy claims payable 7,983 6,637
Other policyholders' funds 7,402 7,363
Total policyholder funds 230,501 224,622
Total policy liabilities 1,426,775 1,454,764
Commissions payable 2,919 3,445
Deferred federal income tax liability 3,601 1,102
Payable for securities in process of settlement 1,350 0
Other liabilities 35,835 37,488
Total liabilities 1,470,480 1,496,799
Commitments and contingencies (Note 8)
Stockholders' equity:    
Retained earnings 46,692 42,150
Accumulated other comprehensive income (loss) (99,770) (118,155)
Treasury stock, at cost (23,725) (23,725)
Total stockholders' equity 195,183 172,129
Total liabilities and stockholders' equity 1,665,663 1,668,928
Common Stock Class A [Member]    
Stockholders' equity:    
Common stock 268,802 268,675
Common Stock Class B [Member]    
Stockholders' equity:    
Common stock $ 3,184 $ 3,184