XML 16 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Premiums:        
Life insurance $ 47,351 $ 46,748 $ 90,124 $ 89,647
Accident and health insurance 395 421 785 796
Property insurance 1,261 1,291 2,537 2,583
Net investment income 12,000 11,201 23,731 22,270
Realized investment losses, net (26) (8) (1,822) (79)
Other income 256 426 407 722
Total revenue 61,237 60,079 115,762 115,939
Insurance benefits paid or provided:        
Claims and surrenders 20,969 19,240 39,974 38,643
Increase in future policy benefit reserves 17,675 19,760 33,665 37,058
Policyholders' dividends 1,816 2,540 3,365 4,849
Total insurance benefits paid or provided 40,460 41,540 77,004 80,550
Commissions 10,777 10,805 20,245 20,664
Other general expenses 8,566 10,445 17,884 17,996
Capitalization of deferred policy acquisition costs (8,103) (8,036) (14,367) (14,892)
Amortization of deferred policy acquisition costs 6,827 5,647 13,535 10,946
Amortization of cost of customer relationships acquired 402 516 947 1,163
Total benefits and expenses 58,929 60,917 115,248 116,427
Income before federal income tax 2,308 (838) 514 (488)
Federal income tax (benefit) expense 989 1,076 1,144 1,001
Net income 1,319 (1,914) (630) (1,489)
Unrealized gains on available-for-sale securities:        
Unrealized holding gains arising during period 16,374 (16,778) 27,707 (11,771)
Reclassification adjustments for losses included in net income 20 8 1,816 44
Unrealized gains on available-for-sale securities, net 16,394 (16,770) 29,523 (11,727)
Income tax expense on unrealized gains (losses) on available-for-sale securities 5,738 (5,869) 10,333 (4,104)
Other comprehensive income 10,656 (10,901) 19,190 (7,623)
Comprehensive income $ 11,975 $ (12,815) $ 18,560 $ (9,112)
Common Stock Class A [Member]        
Earnings Per Share [Abstract]        
Basic earnings per share (in dollars per share) $ 0.03 $ (0.04) $ (0.01) $ (0.03)
Diluted earnings per share (in dollars per share) 0.03 (0.04) (0.01) (0.03)
Common Stock Class B [Member]        
Earnings Per Share [Abstract]        
Basic earnings per share (in dollars per share) 0.01 (0.02) (0.01) (0.02)
Diluted earnings per share (in dollars per share) $ 0.01 $ (0.02) $ (0.01) $ (0.02)