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Consolidated Statements of Financial Position (Unaudited) - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Investments:    
Fixed maturity securities available-for-sale, at fair value (amortized cost: $1,390,487 and $1,389,038 in 2024 and 2023, respectively) $ 1,213,403,000 $ 1,238,981,000
Equity securities, at fair value 5,336,000 5,282,000
Policy loans 73,462,000 75,359,000
Other long-term investments (portion measured at fair value $91,875 and $82,460 in 2024 and 2023, respectively) 92,141,000 82,725,000
Total investments 1,384,342,000 1,402,347,000
Cash and cash equivalents 26,344,000 26,997,000
Accrued investment income 17,589,000 17,360,000
Reinsurance recoverable 5,217,000 3,991,000
Deferred policy acquisition costs 186,331,000 175,768,000
Cost of insurance acquired 9,719,000 10,043,000
Current federal income tax receivable 1,002,000 1,546,000
Property and equipment, net 11,075,000 11,809,000
Due premiums 10,946,000 11,264,000
Other assets (less allowance for losses of $405 and $408 in 2024 and 2023, respectively) 9,908,000 7,803,000
Total assets 1,662,473,000 1,668,928,000
Future policy benefits reserves:    
Total future policy benefit reserve 1,190,588,000 1,230,142,000
Annuities 141,603,000 133,216,000
Dividend accumulations 46,644,000 44,960,000
Premiums paid in advance 32,737,000 32,446,000
Policy claims payable 7,719,000 6,637,000
Other policyholders' funds 7,066,000 7,363,000
Total policyholder funds 235,769,000 224,622,000
Total policy liabilities 1,426,357,000 1,454,764,000
Commissions payable 3,131,000 3,445,000
Deferred federal income tax liability 2,418,000 1,102,000
Payable for securities in process of settlement 787,000 0
Other liabilities 38,311,000 37,488,000
Total liabilities 1,471,004,000 1,496,799,000
Commitments and contingencies (Note 8)
Stockholders' equity:    
Retained earnings 50,651,000 42,150,000
Accumulated other comprehensive income (loss) (107,924,000) (118,155,000)
Treasury stock, at cost (23,725,000) (23,725,000)
Total stockholders' equity 191,469,000 172,129,000
Total liabilities and stockholders' equity 1,662,473,000 1,668,928,000
Life Insurance Product Line[Member]    
Future policy benefits reserves:    
Total future policy benefit reserve 1,189,593,000 1,229,253,000
Accident and Health Insurance Product Line    
Future policy benefits reserves:    
Total future policy benefit reserve 995,000 889,000
Common Stock Class A [Member]    
Stockholders' equity:    
Common stock 269,283,000 268,675,000
Common Stock Class B [Member]    
Stockholders' equity:    
Common stock $ 3,184,000 $ 3,184,000