XML 19 R3.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Premiums:        
Life insurance $ 42,732 $ 44,502 $ 122,863 $ 127,795
Accident and health insurance 236 350 745 1,018
Property insurance 1,140 1,157 3,313 3,464
Net investment income 14,997 15,039 45,081 44,150
Realized investment gains (losses), net 527 72 669 3,164
Other income 193 347 1,217 1,148
Total revenues 59,825 61,467 173,888 180,739
Insurance benefits paid or provided:        
Claims and surrenders 32,958 28,751 87,161 78,808
Increase in future policy benefit reserves 4,158 6,409 21,866 28,180
Policyholders' dividends 1,450 1,560 4,011 4,165
Total insurance benefits paid or provided 38,566 36,720 113,038 111,153
Commissions 7,712 8,879 22,279 25,147
Other general expenses 19,391 11,530 42,003 37,611
Capitalization of deferred policy acquisition costs (4,892) (5,984) (13,632) (16,224)
Amortization of deferred policy acquisition costs 6,760 7,835 18,940 21,043
Amortization of cost of customer relationships acquired 459 355 1,228 1,192
Total benefits and expenses 67,996 59,335 183,856 179,922
Income (loss) before federal income tax (8,171) 2,132 (9,968) 817
Federal income tax expense (benefit) (256) 86 2,558 7,138
Net income (loss) (7,915) 2,046 (12,526) (6,321)
Unrealized gains (losses) on available-for-sale debt securities:        
Unrealized holding gains (losses) arising during period 15,128 24,201 52,707 84,222
Reclassification adjustments for losses (gains) included in net income 2 (53) 46 (30)
Unrealized gains (losses) on available-for-sale debt securities, net 15,130 24,148 52,753 84,192
Income tax expense (benefit) on unrealized gains (losses) on available-for-sale securities 1,020 1,627 4,067 5,815
Other comprehensive income (loss) 14,110 22,521 48,686 78,377
Comprehensive income (loss) $ 6,195 $ 24,567 $ 36,160 $ 72,056
Common Stock Class A [Member]        
Earnings Per Share [Abstract]        
Basic and diluted earnings (loss) per share (in dollars per share) $ (0.16) $ 0.04 $ (0.25) $ (0.13)
Common Stock Class B [Member]        
Earnings Per Share [Abstract]        
Basic and diluted earnings (loss) per share (in dollars per share) $ (0.07) $ 0.02 $ (0.12) $ (0.06)