XML 17 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Financial Position (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Investments:    
Fixed maturities available-for-sale, at fair value (cost: $1,259,353 and $1,223,747 in 2019 and 2018 respectively) $ 1,295,514 $ 1,231,039
Equity security 15,672 15,068
Mortgage loans on real estate 185 186
Policy loans 81,474 80,825
Real estate held-for-investment (less $1,309 and $1,284 accumulated depreciation in 2019 and 2018, respectively 5,693 5,718
Real estate held-for-sale (less $4,411 accumulated depreciation in 2018) 0 1,483
Other long-term investments 22 22
Short-term Investments 7,914 7,865
Total investments 1,406,474 1,342,206
Cash and cash equivalents 34,093 45,492
Accrued investment income 18,155 18,467
Reinsurance recoverable 3,587 3,664
Deferred policy acquisition costs 154,076 155,747
Cost of customer relationships acquired 14,697 15,225
Goodwill 12,624 12,624
Other intangible assets 955 956
Property and equipment, net 7,046 5,943
Due premiums, net (less $1,663 and $1,990 allowance for doubtful accounts in 2019 and 2018, respectively) 11,083 13,325
Prepaid expenses 823 284
Other assets 1,943 1,628
Total assets 1,665,556 1,615,561
Future policy benefits reserves:    
Life insurance 1,191,545 1,179,946
Annuities 76,500 76,377
Accident and health 938 944
Dividend accumulations 26,984 26,250
Premiums paid in advance 43,448 48,553
Policy claims payable 8,174 7,614
Other policyholders' funds 15,767 10,760
Total policy liabilities 1,363,356 1,350,444
Commissions payable 1,922 1,901
Current federal income tax payable 46,952 41,281
Deferred federal income tax liability 7,873 5,709
Payable for securities in process of settlement 4,884 0
Other liabilities 28,675 28,493
Total liabilities 1,453,662 1,427,828
Commitments and contingencies (Note 7)
Stockholders' equity:    
Accumulated deficit (73,401) (69,599)
Accumulated other comprehensive income:    
Unrealized gains on securities, net of tax 32,246 5,366
Treasury stock, at cost (11,011) (11,011)
Total stockholders' equity 211,894 187,733
Total liabilities and stockholders' equity 1,665,556 1,615,561
Common Stock Class A [Member]    
Stockholders' equity:    
Common stock 260,876 259,793
Common Stock Class B [Member]    
Stockholders' equity:    
Common stock $ 3,184 $ 3,184