v3.26.1
Consolidated Statements of Financial Position - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Assets    
Available-for-sale fixed maturity securities at fair value (Amortized cost: $4,315,636 and $5,488,966 as of December 31, 2025 and 2025, respectively) $ 4,183,017 $ 5,190,902
Mortgage loans, net of allowance 8,857,541 12,036,730
Investment real estate 305,682  
Policy loans 6,798 7,327
Other long-term investments 1,131,333 1,667,757
Total investments 14,484,371 18,902,716
Cash and cash equivalents 8,657,535 6,649,797
Accrued investment income 143,403 148,157
Due premium 72,468 81,955
Reinsurance recoverable 1,038,232 1,336,260
Deferred policy acquisition costs 5,235,807 4,552,747
Deferred sales inducement costs 15,959 53,773
Advances and notes receivable, net of allowance 77,083 25,174
Leased property – right to use 167,296 254,581
Prepaid assets 41,709 46,357
Intangible assets, net of accumulated amortization 147,508 196,678
Furniture and equipment, net 12,980 16,290
Other assets 1,574,759 1,585,180
Total assets 31,669,110 33,849,665
Liabilities and Shareholders’ Equity    
Policyholders’ account balances 16,640,404 19,296,073
Future policy benefits 2,423,308 1,863,742
Policy claims and other benefits 662,198 932,284
Liability for deposit-type contracts 131,895 195,039
Other policyholder liabilities 461,202 57,207
Total policy liabilities 20,319,007 22,344,345
Lease liability 167,296 254,581
Other liabilities 350,226 566,403
Total liabilities 20,836,529 23,165,329
Shareholders’ equity    
Common stock, par value $.01 per share, 25,000,000 shares authorized,15,600,539 issued as of December 31, 2025 and 2024, 15,553,619 outstanding as of December 31, 2025 and 2024, and 616,121 and 531,392 subscribed as of December 31, 2025 and December 31, 2024, respectively 162,167 161,319
Additional paid-in capital 26,433,165 25,802,694
Treasury stock, at cost (46,920 shares as of December 31, 2025 and 2024) (47,720) (47,720)
Accumulated other comprehensive loss (92,421) (166,688)
Accumulated deficit (15,622,610) (15,065,269)
Total shareholders’ equity 10,832,581 10,684,336
Total liabilities and shareholders’ equity $ 31,669,110 $ 33,849,665