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Interim Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Net insurance premiums $ 26,846 $ 25,433 $ 49,006 $ 50,730
Net investment income 3,798 3,610 7,264 6,864
Net gains (losses) on investments 111 1,297 1,762 2,813
Other-than-temporary-impairments (OTTI) (1) (1) (103) (3)
Earned commissions 10,488 11,808 21,525 22,430
Insurance lead sales 1,276 1,758 2,514 3,232
Other income 213 63 275 137
Total revenues 42,731 43,968 82,243 86,203
Benefits and expenses        
Life, annuity, and health claim benefits 15,319 17,430 30,117 39,382
Interest credited to policyholder account balances 726 751 1,454 1,473
Operating costs and expenses 24,573 22,748 49,726 46,076
Amortization of deferred policy acquisition costs 4,239 3,938 9,151 7,178
Total benefits and expenses 44,857 44,867 90,448 94,109
(Loss) income before income tax (2,126) (899) (8,205) (7,906)
Income tax (benefit) expense 223 264 (194) (676)
Net (loss) income $ (2,349) $ (1,163) $ (8,011) $ (7,230)
Weighted Average Number of Shares Outstanding, Basic 14,875,000 14,875,000 14,875,000 14,875,000
Weighted Average Number of Shares Outstanding, Diluted 14,875,000 14,875,000 14,875,000 14,875,000
Basic earnings per share $ (0.16) $ (0.08) $ (0.54) $ (0.49)
Diluted earnings per share $ (0.16) $ (0.08) $ (0.54) $ (0.49)