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Deposit-Type Contracts
9 Months Ended
Sep. 30, 2022
Deposit-Type Contracts  
Deposit-Type Contracts

Note 11. Deposit-Type Contracts

The Company’s deposit-type contracts represent the contract value that has accrued to the benefit of policyholders as of the balance sheet date. Liabilities for these deposit-type contracts are included without reduction for potential surrender charges. This liability is equal to the accumulated account deposits, plus interest credited, and less policyholder withdrawals.

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The following table provides information about deposit-type contracts as of September 30, 2022, and December 31, 2021:

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(In thousands)

    

September 30, 2022

    

December 31, 2021

Beginning balance

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$

1,075,439

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$

597,868

US Alliance

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(1,783)

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1,873

Unified Life Insurance Company

​

​

(10)

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​

468

Ironbound Reinsurance Company Limited

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4,234

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6,579

Ascendant Re

​

​

(2,409)

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​

2,880

Crestline SP1

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​

(8,166)

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​

4,834

American Republic Insurance Company

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​

(2,390)

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​

1,567

SRC4

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​

156

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​

—

Deposits received

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509,660

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471,646

Investment earnings (includes embedded derivative)

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(6,489)

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7,012

Withdrawals

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(30,314)

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(18,446)

Policy charges

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​

(345)

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​

(842)

Ending balance

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$

1,537,583

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$

1,075,439

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