v3.26.1
Deferred Policy and Pre-need Contract Acquisition Costs, Value of Business Acquired, and Unearned Premium Reserve (Tables)
 6 Months Ended
Jun. 30, 2026
Insurance [Abstract]  
Schedule of Roll Forward for the Lines of Business That Contain VOBA Balances

The following tables show a roll forward for the lines of business that contain DAC balances, along with a reconciliation to the Company’s total DAC balance:

 

   Traditional Life   Fixed Annuities   Universal Life   Accident and Health   Pre-need Contracts   Total 
Balance at December 31, 2025  $127,639,286   $571,370   $3,430,518   $-   $4,337,629   $135,978,803 
Deferrals   9,001,384    62,910    -    -    607,942    9,672,236 
Amortization   (4,963,505)   (59,996)   (148,274)   -    (511,777)   (5,683,552)
Balance at June 30, 2026  $131,677,165   $574,284   $3,282,244   $-   $4,433,794   $139,967,487 

 

   Traditional Life   Fixed Annuities   Universal Life   Accident and Health   Pre-need Contracts   Total 
Balance at December 31, 2024  $118,803,677   $535,836   $3,754,867   $466   $4,125,061   $127,219,907 
Deferrals   10,207,141    91,482    -    -    254,754    10,553,377 
Amortization   (4,855,911)   (66,913)   (167,561)   (466)   (327,377)   (5,418,228)
Balance at June 30, 2025  $124,154,907   $560,405   $3,587,306   $-   $4,052,438   $132,355,056 

 

Value of Business Acquired (“VOBA”)

 

The following tables show a roll forward for the lines of business that contain VOBA balances, along with a reconciliation to the Company’s total VOBA balance:

 

   Traditional Life   Fixed Annuities   Universal Life  

Accident

and Health

   Total 
Balance at December 31, 2025  $6,968,331   $-   $124,932   $15,923   $7,109,186 
Deferrals   -    -    -    -    - 
Amortization   (203,735)   -    (28,884)   (1,043)   (233,662)
Balance at June 30, 2026  $6,764,596   $-   $96,048   $14,880   $6,875,524 

 

   Traditional Life   Fixed Annuities   Universal Life  

Accident

and Health

   Total 
Balance at December 31, 2024  $7,397,519   $-   $186,632   $18,370   $7,602,521 
Deferrals   -    -    -    -    - 
Amortization   (219,165)   -    (31,862)   (1,251)   (252,278)
Balance at June 30, 2025  $7,178,354   $-   $154,770   $17,119   $7,350,243 
Schedule of Roll Forward for the Lines of Business That Contain VOBA Balances

The following tables show a roll forward for the lines of business that contain VOBA balances, along with a reconciliation to the Company’s total VOBA balance:

 

   Traditional Life   Fixed Annuities   Universal Life  

Accident

and Health

   Total 
Balance at December 31, 2025  $6,968,331   $-   $124,932   $15,923   $7,109,186 
Deferrals   -    -    -    -    - 
Amortization   (203,735)   -    (28,884)   (1,043)   (233,662)
Balance at June 30, 2026  $6,764,596   $-   $96,048   $14,880   $6,875,524 

 

   Traditional Life   Fixed Annuities   Universal Life  

Accident

and Health

   Total 
Balance at December 31, 2024  $7,397,519   $-   $186,632   $18,370   $7,602,521 
Deferrals   -    -    -    -    - 
Amortization   (219,165)   -    (31,862)   (1,251)   (252,278)
Balance at June 30, 2025  $7,178,354   $-   $154,770   $17,119   $7,350,243 
Schedule of Balance and the Changes in Unearned Premium Reserve

The balance and the changes in Unearned Premium Reserve are as follows:

 

   2026   2025 
   Six Months Ended June 30, 
   2026   2025 
    Universal Life    Universal Life 
Balance, beginning of period  $1,824,796   $2,013,245 
Deferrals   -    - 
Amortization (1)   (86,389)   (97,037)
Unearned premium reserve, end of period  $1,738,407   $1,916,208 

 

 

(1) Included in premiums and other considerations on the condensed consolidated statements of earnings.