| Liability for Future Policy Benefit, Activity [Table Text Block] |
|
Present Value of Expected Future Net Premiums
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
As of June 30, 2026
|
|
| |
|
Individual Life
|
|
|
Critical Illness
|
|
|
Total
|
|
|
Balance, beginning of year
|
|
$ |
(400,344 |
) |
|
$ |
18,024 |
|
|
$ |
(382,320 |
) |
|
Beginning balance at original discount rate
|
|
|
(268,690 |
) |
|
|
19,818 |
|
|
|
(248,872 |
) |
|
Effect of changes in cash flow assumptions
|
|
|
(925,033 |
) |
|
|
- |
|
|
|
(925,033 |
) |
|
Effect of actual variances from expected experience
|
|
|
144,622 |
|
|
|
(1,202 |
) |
|
|
143,420 |
|
|
Adjusted beginning of year balance
|
|
|
(1,049,101 |
) |
|
|
18,616 |
|
|
|
(1,030,485 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
New issues
|
|
|
4,761,295 |
|
|
|
- |
|
|
|
4,761,295 |
|
|
Interest accrual
|
|
|
97,627 |
|
|
|
395 |
|
|
|
98,022 |
|
|
Net premiums collected
|
|
|
(5,000,609 |
) |
|
|
(865 |
) |
|
|
(5,001,474 |
) |
|
Derecognition (lapses)
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Ending balance at original discount rate
|
|
|
(1,190,788 |
) |
|
|
18,146 |
|
|
|
(1,172,642 |
) |
|
Effect of changes in discount rate assumptions
|
|
|
(186,242 |
) |
|
|
(1,871 |
) |
|
|
(188,113 |
) |
|
Balance, end of period
|
|
$ |
(1,377,030 |
) |
|
$ |
16,275 |
|
|
$ |
(1,360,755 |
) |
|
Present Value of Expected Future Policy Benefits
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Individual
|
|
|
|
|
|
|
|
|
|
| |
|
Life
|
|
|
Critical Illness
|
|
|
Total
|
|
|
Balance, beginning of year
|
|
$ |
42,752,573 |
|
|
$ |
10,630 |
|
|
$ |
42,763,203 |
|
|
Beginning balance at original discount rate
|
|
|
46,369,816 |
|
|
|
12,582 |
|
|
|
46,382,398 |
|
|
Effect of changes in cash flow assumptions
|
|
|
274 |
|
|
|
- |
|
|
|
274 |
|
|
Effect of actual variances from expected experience
|
|
|
10,634 |
|
|
|
(1,485 |
) |
|
|
9,149 |
|
|
Adjusted beginning of year balance
|
|
|
46,380,724 |
|
|
|
11,097 |
|
|
|
46,391,821 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
New issues
|
|
|
4,884,721 |
|
|
|
- |
|
|
|
4,884,721 |
|
|
Death benefits
|
|
|
(2,501,704 |
) |
|
|
- |
|
|
|
(2,501,704 |
) |
|
Surrender/maturity
|
|
|
(41,049 |
) |
|
|
- |
|
|
|
(41,049 |
) |
|
Other benefits
|
|
|
- |
|
|
|
(279 |
) |
|
|
(279 |
) |
|
Dividends
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Return of premium
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Expense included in Reserve
|
|
|
(36,012 |
) |
|
|
(21 |
) |
|
|
(36,033 |
) |
|
Interest accrued
|
|
|
927,669 |
|
|
|
643 |
|
|
|
928,312 |
|
|
Ending balance at original discount rate
|
|
|
49,614,349 |
|
|
|
11,440 |
|
|
|
49,625,789 |
|
|
Effect of changes in discount rate assumptions
|
|
|
(4,202,756 |
) |
|
|
(1,832 |
) |
|
|
(4,204,588 |
) |
|
Balance, end of period
|
|
$ |
45,411,593 |
|
|
$ |
9,608 |
|
|
$ |
45,421,201 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net liability for future policy benefits
|
|
$ |
46,788,623 |
|
|
$ |
(6,667 |
) |
|
$ |
46,781,956 |
|
|
Flooring of liability at zero at cohort level
|
|
|
- |
|
|
|
7,163 |
|
|
|
7,163 |
|
|
Net liability for future policy benefits, post-flooring
|
|
|
46,788,623 |
|
|
|
496 |
|
|
|
46,789,119 |
|
|
Less: Reinsurance recoverable
|
|
|
496,950 |
|
|
|
(11,118 |
) |
|
|
485,832 |
|
|
Net liability for future policy benefits, after reinsurance recoverable
|
|
$ |
46,291,673 |
|
|
$ |
11,614 |
|
|
$ |
46,303,287 |
|
|
Present Value of Expected Future Net Premiums
|
|
As of December 31, 2025
|
|
| |
|
Individual
|
|
|
|
|
|
|
|
|
|
| |
|
Life
|
|
|
Critical Illness
|
|
|
Total
|
|
|
Balance, beginning of year
|
|
$ |
399,564 |
|
|
$ |
10,179 |
|
|
$ |
409,743 |
|
|
Beginning balance at original discount rate
|
|
|
649,287 |
|
|
|
11,560 |
|
|
|
660,847 |
|
|
Effect of changes in cash flow assumptions
|
|
|
(1,239,943 |
) |
|
|
- |
|
|
|
(1,239,943 |
) |
|
Effect of actual variances from expected experience
|
|
|
(10,249 |
) |
|
|
8,992 |
|
|
|
(1,257 |
) |
|
Adjusted beginning of year balance
|
|
|
(600,905 |
) |
|
|
20,552 |
|
|
|
(580,353 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
New issues
|
|
|
9,148,351 |
|
|
|
156 |
|
|
|
9,148,507 |
|
|
Interest accrual
|
|
|
339,056 |
|
|
|
838 |
|
|
|
339,894 |
|
|
Net premiums collected
|
|
|
(9,155,192 |
) |
|
|
(1,728 |
) |
|
|
(9,156,920 |
) |
|
Derecognition (lapses)
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Ending balance at original discount rate
|
|
|
(268,690 |
) |
|
|
19,818 |
|
|
|
(248,872 |
) |
|
Effect of changes in discount rate assumptions
|
|
|
(131,654 |
) |
|
|
(1,794 |
) |
|
|
(133,448 |
) |
|
Balance, end of year
|
|
$ |
(400,344 |
) |
|
$ |
18,024 |
|
|
$ |
(382,320 |
) |
|
Present Value of Expected Future Policy Benefits
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Individual
|
|
|
|
|
|
|
|
|
|
| |
|
Life
|
|
|
Critical Illness
|
|
|
Total
|
|
|
Balance, beginning of year
|
|
$ |
36,222,623 |
|
|
$ |
10,698 |
|
|
$ |
36,233,321 |
|
|
Beginning balance at original discount rate
|
|
|
40,651,821 |
|
|
|
12,947 |
|
|
|
40,664,768 |
|
|
Effect of changes in cash flow assumptions
|
|
|
21,011 |
|
|
|
- |
|
|
|
21,011 |
|
|
Effect of actual variances from expected experience
|
|
|
(106,799 |
) |
|
|
9,457 |
|
|
|
(97,342 |
) |
|
Adjusted beginning of year balance
|
|
|
40,566,033 |
|
|
|
22,404 |
|
|
|
40,588,437 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
New issues
|
|
|
9,735,500 |
|
|
|
156 |
|
|
|
9,735,656 |
|
|
Death benefits
|
|
|
(5,672,746 |
) |
|
|
(10,000 |
) |
|
|
(5,682,746 |
) |
|
Surrender/maturity
|
|
|
(127,270 |
) |
|
|
- |
|
|
|
(127,270 |
) |
|
Other benefits
|
|
|
- |
|
|
|
(527 |
) |
|
|
(527 |
) |
|
Dividends
|
|
|
(2 |
) |
|
|
- |
|
|
|
(2 |
) |
|
Return of premium
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Expense included in Reserve
|
|
|
(64,683 |
) |
|
|
(37 |
) |
|
|
(64,720 |
) |
|
Interest accrued
|
|
|
1,932,984 |
|
|
|
586 |
|
|
|
1,933,570 |
|
|
Ending balance at original discount rate
|
|
|
46,369,816 |
|
|
|
12,582 |
|
|
|
46,382,398 |
|
|
Effect of changes in discount rate assumptions
|
|
|
(3,617,243 |
) |
|
|
(1,952 |
) |
|
|
(3,619,195 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, end of year
|
|
$ |
42,752,573 |
|
|
$ |
10,630 |
|
|
$ |
42,763,203 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net liability for future policy benefits, pre-flooring
|
|
$ |
43,152,917 |
|
|
$ |
(7,394 |
) |
|
$ |
43,145,523 |
|
|
Flooring of liability at zero at cohort level
|
|
|
- |
|
|
|
7,570 |
|
|
|
7,570 |
|
|
Net liability for future policy benefits, post-flooring
|
|
|
43,152,917 |
|
|
|
176 |
|
|
|
43,153,093 |
|
|
Less: Reinsurance recoverable
|
|
|
421,244 |
|
|
|
(9,962 |
) |
|
|
411,282 |
|
|
Net liability for future policy benefits, after reinsurance recoverable
|
|
$ |
42,731,673 |
|
|
$ |
10,138 |
|
|
$ |
42,741,811 |
|
| |
|
June 30, 2026
|
|
|
December 31, 2025
|
|
|
Liability for future policyholder benefits
|
|
$ |
46,789,119 |
|
|
$ |
43,153,093 |
|
|
In course of settlements
|
|
|
128,901 |
|
|
|
764,862 |
|
|
Incurred but not reported
|
|
|
273,560 |
|
|
|
372,089 |
|
|
Other
|
|
|
225,484 |
|
|
|
269,409 |
|
|
Total liability for future policyholder benefits
|
|
$ |
47,417,064 |
|
|
$ |
44,559,453 |
|
| |
|
June 30, 2026 (undiscounted)
|
|
| |
|
Individual
|
|
|
|
|
| |
|
Life
|
|
|
Critical Illness
|
|
|
Expected future gross premiums
|
|
$ |
15,542,020 |
|
|
$ |
407,187 |
|
|
Expected future benefits and expenses
|
|
$ |
86,412,203 |
|
|
$ |
23,714 |
|
| |
|
June 30, 2026 (discounted)
|
|
| |
|
Individual
|
|
|
|
|
| |
|
Life
|
|
|
Critical Illness
|
|
|
Expected future gross premiums
|
|
$ |
11,140,425 |
|
|
$ |
220,679 |
|
|
Expected future benefits and expenses
|
|
$ |
45,411,593 |
|
|
$ |
9,608 |
|
| |
|
December 31, 2025 (undiscounted)
|
|
| |
|
Individual
|
|
|
|
|
| |
|
Life
|
|
|
Critical Illness
|
|
|
Expected future gross premiums
|
|
$ |
15,692,183 |
|
|
$ |
412,176 |
|
|
Expected future benefits and expenses
|
|
$ |
80,814,045 |
|
|
$ |
27,063 |
|
| |
|
December 31, 2025 (discounted)
|
|
| |
|
Individual
|
|
|
|
|
| |
|
Life
|
|
|
Critical Illness
|
|
|
Expected future gross premiums
|
|
$ |
11,460,334 |
|
|
$ |
225,911 |
|
|
Expected future benefits and expenses
|
|
$ |
42,752,573 |
|
|
$ |
10,630 |
|
|