XML 18 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Financial Position (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Investments:    
Fixed maturities available-for-sale, at fair value (cost: $1,308,056 and $1,293,853 in 2020 and 2019 respectively) $ 1,444,579 $ 1,377,959
Equity security 21,151 16,033
Policy loans 83,962 82,005
Real estate held-for-sale 2,571 2,571
Other long-term investments (portion measured at fair value $10,503 in 2020; less allowance for losses of $11 in 2020) 19,668 385
Short-term investments 0 1,301
Total investments 1,571,931 1,480,254
Cash and cash equivalents 42,261 46,205
Accrued investment income 16,320 17,453
Reinsurance recoverable 11,970 3,696
Deferred policy acquisition costs 143,523 149,249
Cost of insurance acquired 12,083 13,455
Goodwill and other intangible assets 13,572 13,575
Property and equipment, net 16,089 5,904
Due premiums 11,222 12,656
Other assets (less allowance for losses of $257 in 2020) 5,367 2,489
Total assets 1,844,338 1,744,936
Fixed maturities available-for-sale, cost 1,308,056 1,293,853
Other long-tern investments, portion measured at fair value 10,503  
Allowance for loan and lease losses 11  
Due premiums, allowance for doubtful accounts 257  
Future policy benefits reserves:    
Life insurance 1,238,568 1,218,757
Annuities 79,875 76,380
Accident and health 806 1,031
Dividend accumulations 32,449 29,211
Premiums paid in advance 41,058 43,102
Policy claims payable 18,822 8,059
Other policyholders' funds 21,599 18,192
Total policy liabilities 1,433,177 1,394,732
Commissions payable 2,070 2,514
Current federal income tax payable 47,787 44,622
Deferred federal income tax payable 16,030 12,428
Payable for securities in process of settlement 5,995 0
Other liabilities 42,525 30,804
Total liabilities 1,547,584 1,485,100
Commitments and contingencies (Note 8)
Stockholders' equity:    
Accumulated deficit (83,890) (70,969)
Accumulated other comprehensive income:    
Net unrealized gains on securities, net of tax 125,804 77,117
Treasury stock, at cost (11,011) (11,011)
Stockholders' equity 296,754 259,836
Total liabilities and stockholders' equity 1,844,338 1,744,936
Common Stock Class A [Member]    
Stockholders' equity:    
Common stock $ 262,667 $ 261,515
Accumulated other comprehensive income:    
Common stock, par value (in dollars per share) $ 0 $ 0
Common stock, shares authorized (in shares) 100,000,000 100,000,000
Common stock, shares issued (in shares) 52,654,016 52,364,993
Common stock, shares outstanding (in shares) 52,654,016 52,364,993
Common stock, shares in treasury (in shares) 3,135,738 3,135,738
Common Stock Class B [Member]    
Stockholders' equity:    
Common stock $ 3,184 $ 3,184
Accumulated other comprehensive income:    
Common stock, par value (in dollars per share) $ 0 $ 0
Common stock, shares authorized (in shares) 2,000,000 2,000,000
Common stock, shares issued (in shares) 1,001,714 1,001,714
Common stock, shares outstanding (in shares) 1,001,714 1,001,714