Statements of Operations - USD ($)
$ in Thousands |
12 Months Ended |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
| Revenue: |
|
|
|
| Premiums and policy fees, net |
$ 76,675
|
$ 71,907
|
$ 68,870
|
| Interest and similar income, net |
31,282
|
29,558
|
27,387
|
| Change in fair value of assets and liabilities |
(45,430)
|
(41,554)
|
11,373
|
| Realized investment (losses) gains, net |
(323)
|
(205)
|
583
|
| Fee, commission, and other revenue |
7,071
|
7,051
|
7,221
|
| Total revenue |
69,275
|
66,757
|
115,434
|
| Benefits and expenses: |
|
|
|
| Policyholder benefits, net of recoveries |
7,645
|
5,143
|
10,345
|
| Change in fair value of annuity and life embedded derivatives |
(21,109)
|
(13,191)
|
60,876
|
| Net interest credited to account values |
21,225
|
13,660
|
16,290
|
| Net benefits and expenses |
7,761
|
5,612
|
87,511
|
| Commissions and other agent compensation |
23,163
|
22,023
|
23,976
|
| General and administrative expenses |
18,224
|
17,925
|
17,816
|
| Change in deferred acquisition costs, net |
8,986
|
4,814
|
(8,165)
|
| Total benefits and expenses |
58,134
|
50,374
|
121,138
|
| Income (loss) from operations before income taxes |
11,141
|
16,383
|
(5,704)
|
| Income tax expense (benefit) |
14,114
|
2,943
|
(4,441)
|
| Net (loss) income |
(2,973)
|
13,440
|
(1,263)
|
| Realized investment (losses) gains, net: |
|
|
|
| Total credit-related other-than-temporary impairment losses on securities |
(257)
|
(387)
|
(184)
|
| Other net realized (losses) gains |
(66)
|
182
|
767
|
| Net realized investment gains (losses) |
$ (323)
|
$ (205)
|
$ 583
|