v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Investments:    
Fixed maturity securities available-for-sale, at fair value (amortized cost: $1,438,702 and $1,432,454 in 2026 and 2025, respectively) $ 1,282,060 $ 1,287,861
Equity securities, at fair value 1,233 1,356
Policy loans 66,146 67,455
Other long-term investments (portion measured at fair value $82,979 and $85,157 in 2026 and 2025, respectively) 83,260 85,439
Total investments 1,432,699 1,442,111
Cash and cash equivalents (restricted portion: $1,554 in both 2026 and 2025) 16,960 22,976
Accrued investment income 19,545 18,241
Receivable for securities 0 90
Reinsurance recoverable 15,175 10,874
Deferred policy acquisition costs 229,198 220,537
Cost of insurance acquired 8,664 8,995
Current federal income tax receivable 1,001 624
Property and equipment, net 9,167 9,835
Due premiums 9,968 11,299
Other assets (less allowance for losses of $732 and $740 in 2026 and 2025, respectively) 9,683 9,178
Total assets 1,752,060 1,754,760
Future policy benefits reserves:    
Future policy benefit reserve 1,182,592 1,189,427
Annuities 183,995 175,569
Dividend accumulations 53,230 51,360
Premiums paid in advance 29,198 29,055
Policy claims payable 10,052 8,772
Other policyholders' funds 8,134 7,955
Total policyholder funds 284,609 272,711
Total policy liabilities 1,467,201 1,462,138
Commissions payable 4,810 4,186
Deferred federal income tax liability 5,035 5,996
Other liabilities 39,850 47,455
Total liabilities 1,516,896 1,519,775
Commitments and contingencies (Notes 7 and 8)
Stockholders' equity:    
Retained earnings 73,496 71,653
Accumulated other comprehensive income (loss) (91,095) (88,421)
Treasury stock, at cost (23,725) (23,725)
Total stockholders' equity 235,164 234,985
Total liabilities and stockholders' equity 1,752,060 1,754,760
Life Insurance Product Line    
Future policy benefits reserves:    
Future policy benefit reserve 1,181,083 1,188,089
Accident and Health Insurance Product Line    
Future policy benefits reserves:    
Future policy benefit reserve 1,509 1,338
Common Stock Class A    
Stockholders' equity:    
Common stock 273,304 272,294
Common Stock Class B    
Stockholders' equity:    
Common stock $ 3,184 $ 3,184