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Interim Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Investments:    
Fixed maturities - available-for-sale - at fair value (amortized cost; $318,106 and $326,591) $ 298,378 $ 352,383
Mortgage loans (net of valuation allowances of $97 and $69) 47,547 47,487
Policyholder loans 6,600 6,371
Other invested assets 4,198 2,140
Total investments 356,723 408,381
Cash, cash equivalents and restricted cash 21,700 22,399
Accrued investment income 3,024 2,590
Reinsurance recoverables (net of allowances of $149 and $149) 202,155 184,131
Deferred policy acquisition costs 92,393 95,715
Commissions and agent balances (net of allowances of $337 and $432) 30,306 28,689
Intangible assets 1,635 1,635
Deferred income tax assets, net 22,502 12,700
Other assets 33,776 31,767
Total assets 764,214 788,007
Liabilities    
Future policy benefits and claims 433,321 416,039
Policyholder account balances 79,286 80,494
Other policyholder liabilities 44,152 49,202
Policy dividend obligations 9,472 12,669
Reinsurance liabilities and payables 6,902 6,927
Long-term debt 27,081 22,412
Short-term debt 5,916 3,966
Other liabilities 23,220 23,394
Total liabilities 629,350 615,103
Commitments and Contingencies (Note 6)
Shareholders' Equity    
Common stock, $.001 par value, 30,000,000 shares authorized, 14,875,000 shares, issued and outstanding 15 15
Additional paid-in capital 39,840 39,840
Retained earnings 114,109 122,120
Accumulated other comprehensive (loss) income (19,100) 10,929
Total shareholders' equity 134,864 172,904
Total liabilities and shareholders' equity $ 764,214 $ 788,007