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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Premiums:        
Life insurance $ 42,461 $ 41,794 $ 122,823 $ 118,020
Accident and health insurance 452 296 1,324 1,201
Property insurance (16) (64) (18) 780
Net investment income 17,377 17,372 52,404 51,687
Investment related gains (losses), net 827 (892) 1,537 (477)
Other income 630 884 3,457 2,620
Total revenues 61,731 59,390 181,527 173,831
Insurance benefits paid or provided:        
Claims and surrenders 36,478 37,723 104,121 100,798
Increase (decrease) in future policy benefit reserves 471 (3,880) (130) (5,802)
Policyholder liability remeasurement (gain) loss 1,157 1,024 2,836 2,860
Policyholders' dividends 1,320 1,414 3,748 3,783
Total insurance benefits paid or provided 39,426 36,281 110,575 101,639
Commissions 12,957 9,444 35,639 27,340
Other general expenses 12,095 11,949 40,072 35,477
Capitalization of deferred policy acquisition costs (10,430) (7,132) (29,304) (20,034)
Amortization of deferred policy acquisition costs 4,493 4,056 12,804 11,544
Amortization of cost of insurance acquired 153 151 477 465
Total benefits and expenses 58,694 54,749 170,263 156,431
Net income (loss) before taxes 3,037 4,641 11,264 17,400
Federal income tax expense (benefit) 247 1,943 (27) 3,704
Net income (loss) 2,790 2,698 11,291 13,696
Unrealized gains (losses) on available-for-sale debt securities:        
Unrealized holding gains (losses) arising during period 59,101 (59,817) 31,427 (36,811)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax (100) 419 547 481
Unrealized gains (losses) on fixed maturity securities, net 59,001 (59,398) 31,974 (36,330)
Change in current discount rate for liability for future policy benefits (45,404) 60,054 (5,887) 45,825
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent 356 (1,040) 2,615 (882)
Other comprehensive income (loss) 13,241 1,696 23,472 10,377
Comprehensive income (loss) $ 16,031 $ 4,394 $ 34,763 $ 24,073
Common Stock Class A [Member]        
Insurance benefits paid or provided:        
Earnings Per Share, Basic $ 0.06 $ 0.06 $ 0.23 $ 0.28
Earnings Per Share, Diluted $ 0.05 $ 0.05 $ 0.22 $ 0.27