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Consolidated Statements of Financial Position (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Investments:    
Fixed maturities available-for-sale, at fair value (cost: $1,278,293 and $1,223,747 in 2019 and 2018 respectively) $ 1,369,648 $ 1,231,039
Equity security 15,845 15,068
Mortgage loans on real estate 180 186
Policy loans 81,964 80,825
Real estate held for investment (less $1,284 accumulated depreciation in 2018) 0 5,718
Real estate held-for-sale (less $1,325 and $4,411 accumulated depreciation in 2019 and 2018, respectively) 2,571 1,483
Other long-term investments 22 22
Short-term investments 2,453 7,865
Total investments 1,472,683 1,342,206
Cash and cash equivalents 47,147 45,492
Accrued investment income 17,648 18,467
Reinsurance recoverable 3,596 3,664
Deferred policy acquisition costs 150,289 155,747
Cost of customer relationships acquired 13,741 15,225
Goodwill 12,624 12,624
Other intangible assets 953 956
Property and equipment, net 6,639 5,943
Due premiums, net (less $1,640 and $1,990 allowance for doubtful accounts in 2019 and 2018, respectively) 10,737 13,325
Prepaid expenses 983 284
Other assets 1,319 1,628
Total assets 1,738,359 1,615,561
Future policy benefits reserves:    
Life insurance 1,206,042 1,179,946
Annuities 76,427 76,377
Accident and health 997 944
Dividend accumulations 28,400 26,250
Premiums paid in advance 42,591 48,553
Policy claims payable 8,095 7,614
Other policyholders' funds 16,400 10,760
Total policy liabilities 1,378,952 1,350,444
Commissions payable 2,096 1,901
Current federal income tax payable 47,861 41,281
Deferred federal income tax liability 12,081 5,709
Payable for securities in process of settlement 6,030 0
Other liabilities 29,997 28,493
Total liabilities 1,477,017 1,427,828
Commitments and contingencies (Note 7)
Stockholders' equity:    
Accumulated deficit (75,920) (69,599)
Accumulated other comprehensive income:    
Net unrealized gains on securities, net of tax 83,743 5,366
Treasury stock, at cost (11,011) (11,011)
Total stockholders' equity 261,342 187,733
Total liabilities and stockholders' equity 1,738,359 1,615,561
Common Stock Class A [Member]    
Stockholders' equity:    
Common stock 261,346 259,793
Common Stock Class B [Member]    
Stockholders' equity:    
Common stock $ 3,184 $ 3,184