XML 19 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Premiums:        
Life insurance $ 42,313 $ 44,631 $ 83,293 $ 87,160
Accident and health insurance 345 301 668 592
Property insurance 1,146 1,198 2,307 2,407
Net investment income 15,315 13,811 29,111 27,582
Realized investment gains (losses), net (2,869) (178) 3,092 (753)
Other income 616 79 801 287
Total revenue 56,866 59,842 119,272 117,275
Insurance benefits paid or provided:        
Claims and surrenders 27,024 20,617 50,057 41,768
Increase in future policy benefit reserves 9,472 16,555 21,771 31,163
Policyholders' dividends 1,423 1,614 2,605 2,921
Total insurance benefits paid or provided 37,919 38,786 74,433 75,852
Commissions 8,384 8,669 16,268 17,628
Other general expenses 11,949 14,466 26,081 20,973
Capitalization of deferred policy acquisition costs (5,412) (5,640) (10,240) (11,603)
Amortization of deferred policy acquisition costs 6,931 7,200 13,208 14,806
Amortization of cost of customer relationships acquired 418 472 837 1,151
Total benefits and expenses 60,189 63,953 120,587 118,807
Income (loss) before federal income tax (3,323) (4,111) (1,315) (1,532)
Federal income tax expense (benefit) 1,242 (1,553) 7,052 989
Net income (loss) (4,565) (2,558) (8,367) (2,521)
Unrealized gains (losses) on available-for-sale debt securities:        
Unrealized holding gains (losses) arising during period 31,220 (12,329) 60,021 (30,427)
Reclassification adjustments for losses (gains) included in net income (81) 87 23 346
Unrealized gains (losses) on available-for-sale debt securities, net 31,139 (12,242) 60,044 (30,081)
Income tax expense (benefit) on unrealized gains (losses) on available-for-sale securities 2,163 (2,571) 4,188 (6,306)
Other comprehensive income (loss) 28,976 (9,671) 55,856 (23,775)
Comprehensive income (loss) $ 24,411 $ (12,229) $ 47,489 $ (26,296)
Common Stock Class A [Member]        
Earnings Per Share [Abstract]        
Basic and diluted earnings (loss) per share (in dollars per share) $ (0.09) $ (0.05) $ (0.17) $ (0.05)
Common Stock Class B [Member]        
Earnings Per Share [Abstract]        
Basic and diluted earnings (loss) per share (in dollars per share) $ (0.04) $ (0.03) $ (0.08) $ (0.03)