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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Premiums:        
Life insurance $ 42,101 $ 39,292 $ 80,362 $ 76,226
Accident and health insurance 458 547 872 905
Property insurance 0 (113) (2) 844
Net investment income 17,540 17,241 35,027 34,315
Investment related gains (losses), net (253) 703 710 415
Other income 2,238 857 2,827 1,736
Total revenues 62,084 58,527 119,796 114,441
Insurance benefits paid or provided:        
Claims and surrenders 34,530 32,776 67,643 63,075
Increase (decrease) in future policy benefit reserves (1,052) (944) (601) (1,922)
Policyholder liability remeasurement (gain) loss 1,360 956 1,679 1,836
Policyholders' dividends 1,191 1,261 2,428 2,369
Total insurance benefits paid or provided 36,029 34,049 71,149 65,358
Commissions 12,232 8,883 22,682 17,896
Other general expenses 16,639 12,268 27,977 23,528
Capitalization of deferred policy acquisition costs (10,543) (6,544) (18,874) (12,902)
Amortization of deferred policy acquisition costs 4,273 3,674 8,311 7,488
Amortization of cost of insurance acquired 152 153 324 314
Total benefits and expenses 58,782 52,483 111,569 101,682
Net income (loss) before taxes 3,302 6,044 8,227 12,759
Federal income tax expense (benefit) (657) (82) (274) 1,761
Net income (loss) 3,959 6,126 8,501 10,998
Unrealized gains (losses) on available-for-sale debt securities:        
Unrealized holding gains (losses) arising during period (14,258) (20,430) (27,674) 23,006
Reclassification adjustment for losses (gains) included in net income 199 24 647 62
Unrealized gains (losses) on fixed maturity securities, net (14,059) (20,406) (27,027) 23,068
Change in current discount rate for liability for future policy benefits 5,522 6,251 39,517 (14,229)
Income tax expense (benefit) on other comprehensive income items (383) (1,257) 2,259 158
Other comprehensive income (loss) (8,154) (12,898) 10,231 8,681
Comprehensive income (loss) $ (4,195) $ (6,772) $ 18,732 $ 19,679
Common Stock Class A [Member]        
Insurance benefits paid or provided:        
Earnings Per Share, Basic $ 0.08 $ 0.12 $ 0.17 $ 0.22
Earnings Per Share, Diluted $ 0.08 $ 0.12 $ 0.17 $ 0.22