10-K Filing

First Trinity Financial CORP CIK: 1395585 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001437749-23-005934`
Period End Date	20221231
Filing Date	20230309
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	ftfc20221231_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 48 Cash Flow Statement 85 Stockholders Equity 11 Comprehensive Income 18

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Mortgage loans on real estate	`MortgageLoansOnRealEstateCommercialAndConsumerNet`	$177.51M	USD	Point-in-time
Mortgage loans on real estate	`MortgageLoansOnRealEstateCommercialAndConsumerNet`	$242.31M	USD	Point-in-time
Investment real estate	`RealEstateInvestments`	$540.44K	USD	Point-in-time
Investment real estate	`RealEstateInvestments`	$688.35K	USD	Point-in-time
Policy loans	`PolicyLoansReceivable`	$2.27M	USD	Point-in-time
Policy loans	`PolicyLoansReceivable`	$2.84M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	247,580.00	shares	Point-in-time
Short-term investments	`ShortTermInvestmentsExcludingFixedMaturitySecuritiesAvailableForSalePreferredStockAndEquitySecuritiesFVNI`	$1.86M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	247,580.00	shares	Point-in-time
Short-term investments	`ShortTermInvestmentsExcludingFixedMaturitySecuritiesAvailableForSalePreferredStockAndEquitySecuritiesFVNI`	$3.30M	USD	Point-in-time
Other long-term investments	`OtherLongTermInvestments`	$67.50M	USD	Point-in-time
Other long-term investments	`OtherLongTermInvestments`	$65.93M	USD	Point-in-time
Total investments	`Investments`	$434.12M	USD	Point-in-time
Total investments	`Investments`	$442.07M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$42.53M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.54M	USD	Point-in-time
Accrued investment income	`AccruedInvestmentIncomeReceivable`	$5.58M	USD	Point-in-time
Accrued investment income	`AccruedInvestmentIncomeReceivable`	$4.88M	USD	Point-in-time
Recoverable from reinsurers	`ReinsuranceRecoverables`	$11.10M	USD	Point-in-time
Recoverable from reinsurers	`ReinsuranceRecoverables`	$1.05M	USD	Point-in-time
Mortgage loans on real estate	`MortgageLoansOnRealEstateCommercialAndConsumerNet`	$177.51M	USD	Point-in-time
Mortgage loans on real estate	`MortgageLoansOnRealEstateCommercialAndConsumerNet`	$242.31M	USD	Point-in-time
Short-term investments	`ShortTermInvestmentsExcludingFixedMaturitySecuritiesAvailableForSalePreferredStockAndEquitySecuritiesFVNI`	$3.30M	USD	Point-in-time
Short-term investments	`ShortTermInvestmentsExcludingFixedMaturitySecuritiesAvailableForSalePreferredStockAndEquitySecuritiesFVNI`	$1.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.54M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$42.53M	USD	Point-in-time
Agents' balances and due premiums	`PremiumsReceivableAtCarryingValue`	$1.71M	USD	Point-in-time
Agents' balances and due premiums	`PremiumsReceivableAtCarryingValue`	$1.25M	USD	Point-in-time
Deferred policy acquisition costs	`DeferredPolicyAcquisitionCosts`	$44.51M	USD	Point-in-time
Deferred policy acquisition costs	`DeferredPolicyAcquisitionCosts`	$56.18M	USD	Point-in-time
Deferred policy acquisition costs	`DeferredPolicyAcquisitionCosts`	$49.72M	USD	Point-in-time
Value of insurance business acquired	`ValueOfBusinessAcquiredVOBA`	$4.05M	USD	Point-in-time
Value of insurance business acquired	`ValueOfBusinessAcquiredVOBA`	$4.32M	USD	Point-in-time
Other assets	`OtherAssets`	$15.23M	USD	Point-in-time
Other assets	`OtherAssets`	$20.05M	USD	Point-in-time
Total assets	`Assets`	$665.86M	USD	Point-in-time
Total assets	`Assets`	$659.76M	USD	Point-in-time
Policyholders' account balances	`PolicyholderFunds`	$373.65M	USD	Point-in-time
Policyholders' account balances	`PolicyholderFunds`	$391.36M	USD	Point-in-time
Future policy benefits	`LiabilityForFuturePolicyBenefits`	$110.01M	USD	Point-in-time
Future policy benefits	`LiabilityForFuturePolicyBenefits`	$88.74M	USD	Point-in-time
Policy claims	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$2.38M	USD	Point-in-time
Policy claims	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$2.54M	USD	Point-in-time
Other policy liabilities	`OtherPolicyLiabilities`	$146.22K	USD	Point-in-time
Other policy liabilities	`OtherPolicyLiabilities`	$88.85K	USD	Point-in-time
Total policy liabilities	`PolicyLiabilities`	$464.85M	USD	Point-in-time
Total policy liabilities	`PolicyLiabilities`	$504.06M	USD	Point-in-time
Funds withheld under coinsurance agreement	`FundsWithheldUnderCoinsuranceAgreements`	$92.30M	USD	Point-in-time
Funds withheld under coinsurance agreement	`FundsWithheldUnderCoinsuranceAgreements`	$106.59M	USD	Point-in-time
Deferred federal income taxes	`DeferredIncomeTaxLiabilitiesNet`	$8.97M	USD	Point-in-time
Deferred federal income taxes	`DeferredIncomeTaxLiabilitiesNet`	$2.68M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$15.17M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$10.96M	USD	Point-in-time
Total liabilities	`Liabilities`	$591.36M	USD	Point-in-time
Total liabilities	`Liabilities`	$614.21M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$39.08M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$43.67M	USD	Point-in-time
Treasury stock, at cost (247,580 shares as of December 31, 2022 and 2021)	`TreasuryStockValue`	$893.95K	USD	Point-in-time
Treasury stock, at cost (247,580 shares as of December 31, 2022 and 2021)	`TreasuryStockValue`	$893.95K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-14.32M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$13.20M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$16.92M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$23.10M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$69.85M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$68.39M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$51.65M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$659.76M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$665.86M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Premiums	`PremiumsEarnedNet`	$35.71M	USD	Annual
Premiums	`PremiumsEarnedNet`	$31.92M	USD	Annual
Net investment income	`NetInvestmentIncome`	$26.22M	USD	Annual
Net investment income	`NetInvestmentIncome`	$23.98M	USD	Annual
Net realized investment gains	`RealizedInvestmentGainsLosses`	$544.22K	USD	Annual
Net realized investment gains	`RealizedInvestmentGainsLosses`	$898.55K	USD	Annual
Service fees	`InsuranceCommissionsAndFees`	$228.60K	USD	Annual
Service fees	`InsuranceCommissionsAndFees`	$3.00M	USD	Annual
Other income	`OtherIncome`	$83.83K	USD	Annual
Other income	`OtherIncome`	$82.62K	USD	Annual
Total revenues	`Revenues`	$57.12M	USD	Annual
Total revenues	`Revenues`	$65.56M	USD	Annual
Increase in future policy benefits	`LiabilityForFuturePolicyBenefitsPeriodExpense`	$13.71M	USD	Annual
Increase in future policy benefits	`LiabilityForFuturePolicyBenefitsPeriodExpense`	$12.12M	USD	Annual
Death benefits	`PolicyholderBenefitsAndClaimsIncurredLifeAndAnnuity`	$13.00M	USD	Annual
Death benefits	`PolicyholderBenefitsAndClaimsIncurredLifeAndAnnuity`	$11.05M	USD	Annual
Surrenders	`PolicyholderBenefitsAndClaimsIncurredOther`	$1.20M	USD	Annual
Surrenders	`PolicyholderBenefitsAndClaimsIncurredOther`	$1.41M	USD	Annual
Interest credited to policyholders	`InterestCreditedToPolicyholdersAccountBalances`	$12.71M	USD	Annual
Interest credited to policyholders	`InterestCreditedToPolicyholdersAccountBalances`	$12.66M	USD	Annual
Dividend, endowment and supplementary life contract benefits	`PolicyholderDividends`	$316.40K	USD	Annual
Dividend, endowment and supplementary life contract benefits	`PolicyholderDividends`	$330.60K	USD	Annual
Total benefits and claims	`BenefitsAndClaims`	$37.35M	USD	Annual
Total benefits and claims	`BenefitsAndClaims`	$41.17M	USD	Annual
Policy acquisition costs deferred	`DeferredPolicyAcquisitionCostsOperating`	$13.73M	USD	Annual
Policy acquisition costs deferred	`DeferredPolicyAcquisitionCostsOperating`	$12.10M	USD	Annual
Amortization of deferred policy acquisition costs	`DeferredPolicyAcquisitionCostAmortizationExpense`	$7.28M	USD	Annual
Amortization of deferred policy acquisition costs	`DeferredPolicyAcquisitionCostAmortizationExpense`	$6.93M	USD	Annual
Amortization of value of insurance business acquired	`AmortizationOfValueOfBusinessAcquiredVOBA`	$274.48K	USD	Annual
Amortization of value of insurance business acquired	`AmortizationOfValueOfBusinessAcquiredVOBA`	$270.39K	USD	Annual
Commissions	`InsuranceCommissions`	$12.07M	USD	Annual
Commissions	`InsuranceCommissions`	$12.78M	USD	Annual
Other underwriting, insurance and acquisition expenses	`OtherExpenses`	$9.82M	USD	Annual
Other underwriting, insurance and acquisition expenses	`OtherExpenses`	$8.91M	USD	Annual
Total expenses	`OperatingExpenses`	$16.09M	USD	Annual
Total expenses	`OperatingExpenses`	$16.42M	USD	Annual
Total benefits, claims and expenses	`BenefitsLossesAndExpenses`	$57.59M	USD	Annual
Total benefits, claims and expenses	`BenefitsLossesAndExpenses`	$53.44M	USD	Annual
Income before total federal income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$7.97M	USD	Annual
Income before total federal income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$3.67M	USD	Annual
Current federal income tax expense (benefit)	`CurrentIncomeTaxExpenseBenefit`	$-76.51K	USD	Annual
Current federal income tax expense (benefit)	`CurrentIncomeTaxExpenseBenefit`	$758.47K	USD	Annual
Deferred federal income tax expense	`DeferredIncomeTaxExpenseBenefit`	$1.03M	USD	Annual
Deferred federal income tax expense	`DeferredIncomeTaxExpenseBenefit`	$892.43K	USD	Annual
Total federal income tax expense	`IncomeTaxExpenseBenefit`	$1.79M	USD	Annual
Total federal income tax expense	`IncomeTaxExpenseBenefit`	$815.92K	USD	Annual
Net income	`NetIncomeLoss`	$2.86M	USD	Annual
Net income	`NetIncomeLoss`	$6.18M	USD	Annual

Cash Flow Statement 85 line items

Line Item	Tag	Value	Unit	Period
Change in receivable of securities sold	`IncreaseDecreaseInReceivablesOfSecuritiesSold`	$-3.42K	USD	Annual
Change in payable of securities purchased	`IncreaseDecreaseInPayableOfSecuritiesPurchased`	$1.09M	USD	Annual
Change in payable of securities purchased	`IncreaseDecreaseInPayableOfSecuritiesPurchased`	$-1.07M	USD	Annual
Net income	`NetIncomeLoss`	$2.86M	USD	Annual
Net income	`NetIncomeLoss`	$6.18M	USD	Annual
Accretion of discount on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$4.90M	USD	Annual
Accretion of discount on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$4.76M	USD	Annual
Net realized investment gains	`RealizedInvestmentGainsLosses`	$544.22K	USD	Annual
Net realized investment gains	`RealizedInvestmentGainsLosses`	$898.55K	USD	Annual
Amortization of policy acquisition cost	`DeferredPolicyAcquisitionCostAmortizationExpense`	$6.93M	USD	Annual
Amortization of policy acquisition cost	`DeferredPolicyAcquisitionCostAmortizationExpense`	$7.28M	USD	Annual
Policy acquisition costs deferred	`DeferredPolicyAcquisitionCostsOperating`	$13.73M	USD	Annual
Policy acquisition costs deferred	`DeferredPolicyAcquisitionCostsOperating`	$12.10M	USD	Annual
Amortization of loan origination fees	`AmortizationOfFinancingCosts`	-	USD	Annual
Amortization of loan origination fees	`AmortizationOfFinancingCosts`	$43.59K	USD	Annual
Amortization of value of insurance business acquired	`AmortizationOfValueOfBusinessAcquiredVOBA`	$274.48K	USD	Annual
Amortization of value of insurance business acquired	`AmortizationOfValueOfBusinessAcquiredVOBA`	$270.39K	USD	Annual
Allowance for mortgage loan losses	`ProvisionForLoanAndLeaseLosses`	$164.62K	USD	Annual
Allowance for mortgage loan losses	`ProvisionForLoanAndLeaseLosses`	$413.93K	USD	Annual
Provision for deferred federal income tax expense	`DeferredIncomeTaxExpenseBenefit`	$892.43K	USD	Annual
Provision for deferred federal income tax expense	`DeferredIncomeTaxExpenseBenefit`	$1.03M	USD	Annual
Interest credited to policyholders	`InterestCreditedToPolicyholdersAccountBalances`	$12.71M	USD	Annual
Interest credited to policyholders	`InterestCreditedToPolicyholdersAccountBalances`	$12.66M	USD	Annual
Accrued investment income	`IncreaseDecreaseInAccruedInvestmentIncomeReceivable`	$-491.22K	USD	Annual
Accrued investment income	`IncreaseDecreaseInAccruedInvestmentIncomeReceivable`	$700.88K	USD	Annual
Recoverable from reinsurers	`IncreaseDecreaseInReinsuranceRecoverable`	$-187.84K	USD	Annual
Recoverable from reinsurers	`IncreaseDecreaseInReinsuranceRecoverable`	$-578.26K	USD	Annual
Assets held in trust under coinsurance agreement	`IncreaseDecreaseInAssetsHeldInTrustUnderCoinsuranceAgreement`	$-7.16M	USD	Annual
Assets held in trust under coinsurance agreement	`IncreaseDecreaseInAssetsHeldInTrustUnderCoinsuranceAgreement`	$-5.00M	USD	Annual
Agents' balances and due premiums	`IncreaseDecreaseInAccountsReceivable`	$-485.16K	USD	Annual
Agents' balances and due premiums	`IncreaseDecreaseInAccountsReceivable`	$-441.27K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$4.82M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$4.85M	USD	Annual
Future policy benefits	`IncreaseDecreaseInFuturePolicyBenefitReservesAndOtherInsuranceLiabilities`	$13.17M	USD	Annual
Future policy benefits	`IncreaseDecreaseInFuturePolicyBenefitReservesAndOtherInsuranceLiabilities`	$12.06M	USD	Annual
Policy claims	`IncreaseDecreaseInLifeInsuranceLiabilities`	$108.51K	USD	Annual
Policy claims	`IncreaseDecreaseInLifeInsuranceLiabilities`	$281.63K	USD	Annual
Other policy liabilities	`IncreaseDecreaseInOtherPolicyLiabilities`	$-30.85K	USD	Annual
Other policy liabilities	`IncreaseDecreaseInOtherPolicyLiabilities`	$57.37K	USD	Annual
Other liabilities (excludes change in payable of securities purchased of ($1,074,665) and $1,087,127 in 2022 and 2021, respectively)	`IncreaseDecreaseInOtherOperatingLiabilities`	$5.28M	USD	Annual
Other liabilities (excludes change in payable of securities purchased of ($1,074,665) and $1,087,127 in 2022 and 2021, respectively)	`IncreaseDecreaseInOtherOperatingLiabilities`	$-556.73K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$30.04M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$19.09M	USD	Annual
Maturities of fixed maturity securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$952.00K	USD	Annual
Maturities of fixed maturity securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$1.15M	USD	Annual
Sales of fixed maturity securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$13.22M	USD	Annual
Sales of fixed maturity securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$57.44M	USD	Annual
Purchases of equity securities	`PaymentsToAcquireEquitySecuritiesFvNi`	$215.47K	USD	Annual
Purchases of equity securities	`PaymentsToAcquireEquitySecuritiesFvNi`	$181.24K	USD	Annual
Sales of equity securities	`ProceedsFromSaleOfEquitySecuritiesFvNi`	-	USD	Annual
Sales of equity securities	`ProceedsFromSaleOfEquitySecuritiesFvNi`	$89.00	USD	Annual
Acquisition of Royalty Capital life Insurance Company	`CashAcquiredFromAcquisition`	$3.53M	USD	Annual
Acquisition of Royalty Capital life Insurance Company	`CashAcquiredFromAcquisition`	-	USD	Annual
Joint venture distribution	`ProceedsFromDivestitureOfInterestInJointVenture`	$78.90K	USD	Annual
Joint venture distribution	`ProceedsFromDivestitureOfInterestInJointVenture`	$216.90K	USD	Annual
Purchases of mortgage loans	`PaymentsToAcquireMortageLoans`	$183.10M	USD	Annual
Purchases of mortgage loans	`PaymentsToAcquireMortageLoans`	$107.24M	USD	Annual
Payments on mortgage loans	`ProceedsFromSaleAndCollectionOfMortgageNotesReceivable`	$118.13M	USD	Annual
Payments on mortgage loans	`ProceedsFromSaleAndCollectionOfMortgageNotesReceivable`	$104.44M	USD	Annual
Purchases of other long-term investments	`PaymentsToAcquireOtherInvestments`	$13.33M	USD	Annual
Purchases of other long-term investments	`PaymentsToAcquireOtherInvestments`	$2.99M	USD	Annual
Collections on other long-term investments	`ProceedsFromSaleAndMaturityOfOtherInvestments`	$12.81M	USD	Annual
Collections on other long-term investments	`ProceedsFromSaleAndMaturityOfOtherInvestments`	$16.31M	USD	Annual
Sales of real estate	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$818.02K	USD	Annual
Sales of real estate	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$200.08K	USD	Annual
Policy loans	`PaymentsForProceedsFromPolicyLoans`	$163.95K	USD	Annual
Policy loans	`PaymentsForProceedsFromPolicyLoans`	$568.26K	USD	Annual
Short-term investments	`PaymentsForProceedsFromShortTermInvestments`	$-3.02M	USD	Annual
Short-term investments	`PaymentsForProceedsFromShortTermInvestments`	$-12.18K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-33.74M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.12M	USD	Annual
Policyholders' account deposits	`AdditionsToContractHoldersFunds`	$28.71M	USD	Annual
Policyholders' account deposits	`AdditionsToContractHoldersFunds`	$67.31M	USD	Annual
Policyholders' account withdrawals	`WithdrawalFromContractHoldersFunds`	$35.38M	USD	Annual
Policyholders' account withdrawals	`WithdrawalFromContractHoldersFunds`	$72.60M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-6.68M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.29M	USD	Annual
Increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-8.99M	USD	Annual
Increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.30M	USD	Annual
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$33.54M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$42.53M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$40.23M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$42.53M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$33.54M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$40.23M	USD	Point-in-time

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$69.85M	USD	Point-in-time
Balance	`StockholdersEquity`	$68.39M	USD	Point-in-time
Balance	`StockholdersEquity`	$51.65M	USD	Point-in-time
Net income	`NetIncomeLoss`	$2.86M	USD	Annual
Net income	`NetIncomeLoss`	$6.18M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-27.52M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-4.32M	USD	Annual
Acquisition of Royalty Capital Life Insurance Company	`AdjustmentsToAdditionalPaidInCapitalIncreaseRelatedToAcquisition`	$4.60M	USD	Annual
Balance	`StockholdersEquity`	$69.85M	USD	Point-in-time
Balance	`StockholdersEquity`	$68.39M	USD	Point-in-time
Balance	`StockholdersEquity`	$51.65M	USD	Point-in-time

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.86M	USD	Annual
Net income	`NetIncomeLoss`	$6.18M	USD	Annual
Total net unrealized investment losses arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-4.88M	USD	Annual
Total net unrealized investment losses arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-33.99M	USD	Annual
Less net realized investment gains	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax`	$861.78K	USD	Annual
Less net realized investment gains	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax`	$613.77K	USD	Annual
Net unrealized investment losses	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax`	$-34.85M	USD	Annual
Net unrealized investment losses	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax`	$-5.50M	USD	Annual
Adjustment to deferred acquisition costs	`OtherComprehensiveIncomeLossAdjustmentToDeferredAcquisitionCosts`	$-34.09K	USD	Annual
Adjustment to deferred acquisition costs	`OtherComprehensiveIncomeLossAdjustmentToDeferredAcquisitionCosts`	$-12.06K	USD	Annual
Other comprehensive loss before federal income tax benefit	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$-5.46M	USD	Annual
Other comprehensive loss before federal income tax benefit	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$-34.84M	USD	Annual
Federal income tax benefit	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$-1.15M	USD	Annual
Federal income tax benefit	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$-7.32M	USD	Annual
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-27.52M	USD	Annual
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-4.32M	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-21.34M	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.46M	USD	Annual

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.