10-K Filing

First Trinity Financial CORP CIK: 1395585 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001437749-24-007839`
Period End Date	20231231
Filing Date	20240314
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	ftfc20231231_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 48 Cash Flow Statement 82 Stockholders Equity 13 Comprehensive Income 18

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Mortgage loans on real estate	`MortgageLoansOnRealEstateCommercialAndConsumerNet`	$239.83M	USD	Point-in-time
Mortgage loans on real estate	`MortgageLoansOnRealEstateCommercialAndConsumerNet`	$242.31M	USD	Point-in-time
Investment real estate	`RealEstateInvestments`	$1.31M	USD	Point-in-time
Investment real estate	`RealEstateInvestments`	$540.44K	USD	Point-in-time
Policy loans	`PolicyLoansReceivable`	$3.47M	USD	Point-in-time
Policy loans	`PolicyLoansReceivable`	$2.84M	USD	Point-in-time
Treasury stock, value (in shares)	`TreasuryStockCommonShares`	247,580.00	shares	Point-in-time
Short-term investments	`ShortTermInvestmentsExcludingFixedMaturitySecuritiesAvailableForSalePreferredStockAndEquitySecuritiesFVNI`	$298.26K	USD	Point-in-time
Short-term investments	`ShortTermInvestmentsExcludingFixedMaturitySecuritiesAvailableForSalePreferredStockAndEquitySecuritiesFVNI`	$1.86M	USD	Point-in-time
Treasury stock, value (in shares)	`TreasuryStockCommonShares`	247,580.00	shares	Point-in-time
Other long-term investments	`OtherLongTermInvestments`	$67.50M	USD	Point-in-time
Other long-term investments	`OtherLongTermInvestments`	$61.49M	USD	Point-in-time
Total investments	`Investments`	$442.07M	USD	Point-in-time
Total investments	`Investments`	$456.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.84M	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`	$6.21M	USD	Point-in-time
Recoverable from reinsurers	`ReinsuranceRecoverables`	$10.35M	USD	Point-in-time
Recoverable from reinsurers	`ReinsuranceRecoverables`	$11.10M	USD	Point-in-time
Mortgage loans on real estate	`MortgageLoansOnRealEstateCommercialAndConsumerNet`	$239.83M	USD	Point-in-time
Mortgage loans on real estate	`MortgageLoansOnRealEstateCommercialAndConsumerNet`	$242.31M	USD	Point-in-time
Short-term investments	`ShortTermInvestmentsExcludingFixedMaturitySecuritiesAvailableForSalePreferredStockAndEquitySecuritiesFVNI`	$1.86M	USD	Point-in-time
Short-term investments	`ShortTermInvestmentsExcludingFixedMaturitySecuritiesAvailableForSalePreferredStockAndEquitySecuritiesFVNI`	$298.26K	USD	Point-in-time
Payable for securities	`PayableForSecurities`	-	USD	Point-in-time
Payable for securities	`PayableForSecurities`	$-4.41K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.54M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.84M	USD	Point-in-time
Agents' balances and due premiums	`PremiumsReceivableAtCarryingValue`	$1.28M	USD	Point-in-time
Agents' balances and due premiums	`PremiumsReceivableAtCarryingValue`	$1.25M	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
Deferred policy acquisition costs	`DeferredPolicyAcquisitionCosts`	$60.80M	USD	Point-in-time
Value of insurance business acquired	`ValueOfBusinessAcquiredVOBA`	$3.78M	USD	Point-in-time
Value of insurance business acquired	`ValueOfBusinessAcquiredVOBA`	$4.05M	USD	Point-in-time
Other assets	`OtherAssets`	$19.30M	USD	Point-in-time
Other assets	`OtherAssets`	$20.05M	USD	Point-in-time
Total assets	`Assets`	$672.02M	USD	Point-in-time
Total assets	`Assets`	$665.86M	USD	Point-in-time
Policyholders' account balances	`PolicyholderFunds`	$391.36M	USD	Point-in-time
Policyholders' account balances	`PolicyholderFunds`	$391.25M	USD	Point-in-time
Future policy benefits	`LiabilityForFuturePolicyBenefits`	$123.73M	USD	Point-in-time
Future policy benefits	`LiabilityForFuturePolicyBenefits`	$110.01M	USD	Point-in-time
Policy claims	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$2.54M	USD	Point-in-time
Policy claims	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$2.41M	USD	Point-in-time
Other policy liabilities	`OtherPolicyLiabilities`	$146.22K	USD	Point-in-time
Other policy liabilities	`OtherPolicyLiabilities`	$250.29K	USD	Point-in-time
Total policy liabilities	`PolicyLiabilities`	$504.06M	USD	Point-in-time
Total policy liabilities	`PolicyLiabilities`	$517.64M	USD	Point-in-time
Funds withheld under coinsurance agreement	`FundsWithheldUnderCoinsuranceAgreements`	$77.26M	USD	Point-in-time
Funds withheld under coinsurance agreement	`FundsWithheldUnderCoinsuranceAgreements`	$92.30M	USD	Point-in-time
Deferred federal income taxes	`DeferredIncomeTaxLiabilitiesNet`	$4.23M	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`	$8.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$614.21M	USD	Point-in-time
Total liabilities	`Liabilities`	$608.01M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$43.67M	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, 2023 and 2022)	`TreasuryStockCommonValue`	$893.95K	USD	Point-in-time
Treasury stock, at cost (247,580 shares as of December 31, 2023 and 2022)	`TreasuryStockCommonValue`	$893.95K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-14.32M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-9.64M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$23.10M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$30.79M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$51.65M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$68.39M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$64.02M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$665.86M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$672.02M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Premiums	`PremiumsEarnedNet`	$35.71M	USD	Annual
Premiums	`PremiumsEarnedNet`	$38.91M	USD	Annual
Net investment income	`NetInvestmentIncome`	$26.22M	USD	Annual
Net investment income	`NetInvestmentIncome`	$31.66M	USD	Annual
Net realized investment gains (losses)	`RealizedInvestmentGainsLosses`	$544.22K	USD	Annual
Net realized investment gains (losses)	`RealizedInvestmentGainsLosses`	$-180.15K	USD	Annual
Service fees	`InsuranceCommissionsAndFees`	$4.70M	USD	Annual
Service fees	`InsuranceCommissionsAndFees`	$3.00M	USD	Annual
Other income	`OtherIncome`	$83.83K	USD	Annual
Other income	`OtherIncome`	$666.41K	USD	Annual
Total revenues	`Revenues`	$75.76M	USD	Annual
Total revenues	`Revenues`	$65.56M	USD	Annual
Increase in future policy benefits	`LiabilityForFuturePolicyBenefitsPeriodExpense`	$14.21M	USD	Annual
Increase in future policy benefits	`LiabilityForFuturePolicyBenefitsPeriodExpense`	$13.71M	USD	Annual
Death benefits	`PolicyholderBenefitsAndClaimsIncurredLifeAndAnnuity`	$13.00M	USD	Annual
Death benefits	`PolicyholderBenefitsAndClaimsIncurredLifeAndAnnuity`	$14.30M	USD	Annual
Surrenders	`PolicyholderBenefitsAndClaimsIncurredOther`	$1.41M	USD	Annual
Surrenders	`PolicyholderBenefitsAndClaimsIncurredOther`	$2.17M	USD	Annual
Interest credited to policyholders	`InterestCreditedToPolicyholdersAccountBalances`	$15.09M	USD	Annual
Interest credited to policyholders	`InterestCreditedToPolicyholdersAccountBalances`	$12.71M	USD	Annual
Dividend, endowment and supplementary life contract benefits	`PolicyholderDividends`	$330.60K	USD	Annual
Dividend, endowment and supplementary life contract benefits	`PolicyholderDividends`	$362.68K	USD	Annual
Total benefits and claims	`BenefitsAndClaims`	$41.17M	USD	Annual
Total benefits and claims	`BenefitsAndClaims`	$46.14M	USD	Annual
Policy acquisition costs deferred	`DeferredPolicyAcquisitionCostsOperating`	$13.73M	USD	Annual
Policy acquisition costs deferred	`DeferredPolicyAcquisitionCostsOperating`	$13.48M	USD	Annual
Amortization of deferred policy acquisition costs	`DeferredPolicyAcquisitionCostAmortizationExpense`	$7.28M	USD	Annual
Amortization of deferred policy acquisition costs	`DeferredPolicyAcquisitionCostAmortizationExpense`	$8.86M	USD	Annual
Amortization of value of insurance business acquired	`AmortizationOfValueOfBusinessAcquiredVOBA`	$270.75K	USD	Annual
Amortization of value of insurance business acquired	`AmortizationOfValueOfBusinessAcquiredVOBA`	$270.39K	USD	Annual
Commissions	`InsuranceCommissions`	$12.78M	USD	Annual
Commissions	`InsuranceCommissions`	$12.80M	USD	Annual
Other underwriting, insurance and acquisition expenses	`OtherExpenses`	$9.82M	USD	Annual
Other underwriting, insurance and acquisition expenses	`OtherExpenses`	$11.09M	USD	Annual
Total expenses	`OperatingExpenses`	$19.55M	USD	Annual
Total expenses	`OperatingExpenses`	$16.42M	USD	Annual
Total benefits, claims and expenses	`BenefitsLossesAndExpenses`	$65.69M	USD	Annual
Total benefits, claims and expenses	`BenefitsLossesAndExpenses`	$57.59M	USD	Annual
Income before total federal income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$10.06M	USD	Annual
Income before total federal income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$7.97M	USD	Annual
Current federal income tax expense	`CurrentIncomeTaxExpenseBenefit`	$1.78M	USD	Annual
Current federal income tax expense	`CurrentIncomeTaxExpenseBenefit`	$758.47K	USD	Annual
Deferred federal income tax expense	`DeferredIncomeTaxExpenseBenefit`	$1.03M	USD	Annual
Deferred federal income tax expense	`DeferredIncomeTaxExpenseBenefit`	$368.31K	USD	Annual
Total federal income tax expense	`IncomeTaxExpenseBenefit`	$2.15M	USD	Annual
Total federal income tax expense	`IncomeTaxExpenseBenefit`	$1.79M	USD	Annual
Net income	`NetIncomeLoss`	$6.18M	USD	Annual
Net income	`NetIncomeLoss`	$7.92M	USD	Annual

Cash Flow Statement 82 line items

Line Item	Tag	Value	Unit	Period
Change in receivable for securities sold	`IncreaseDecreaseInReceivableForInvestmentSold`	$-1.07M	USD	Annual
Change in receivable for securities sold	`IncreaseDecreaseInReceivableForInvestmentSold`	$-383.43K	USD	Annual
Net income	`NetIncomeLoss`	$6.18M	USD	Annual
Net income	`NetIncomeLoss`	$7.92M	USD	Annual
Accretion of discount on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$4.83M	USD	Annual
Accretion of discount on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$4.90M	USD	Annual
Net realized investment (gains) losses	`RealizedInvestmentGainsLosses`	$544.22K	USD	Annual
Net realized investment (gains) losses	`RealizedInvestmentGainsLosses`	$-180.15K	USD	Annual
Amortization of policy acquisition cost	`DeferredPolicyAcquisitionCostAmortizationExpense`	$7.28M	USD	Annual
Amortization of policy acquisition cost	`DeferredPolicyAcquisitionCostAmortizationExpense`	$8.86M	USD	Annual
Policy acquisition costs deferred	`DeferredPolicyAcquisitionCostsOperating`	$13.48M	USD	Annual
Policy acquisition costs deferred	`DeferredPolicyAcquisitionCostsOperating`	$13.73M	USD	Annual
Amortization of value of insurance business acquired	`AmortizationOfValueOfBusinessAcquiredVOBA`	$270.75K	USD	Annual
Amortization of value of insurance business acquired	`AmortizationOfValueOfBusinessAcquiredVOBA`	$270.39K	USD	Annual
Allowance for mortgage loan losses	`ProvisionForLoanLeaseAndOtherLosses`	$413.93K	USD	Annual
Allowance for mortgage loan losses	`ProvisionForLoanLeaseAndOtherLosses`	$43.65K	USD	Annual
Provision for deferred federal income tax expense	`DeferredIncomeTaxExpenseBenefit`	$1.03M	USD	Annual
Provision for deferred federal income tax expense	`DeferredIncomeTaxExpenseBenefit`	$368.31K	USD	Annual
Interest credited to policyholders	`InterestCreditedToPolicyholdersAccountBalances`	$15.09M	USD	Annual
Interest credited to policyholders	`InterestCreditedToPolicyholdersAccountBalances`	$12.71M	USD	Annual
Accrued investment income	`IncreaseDecreaseInAccruedInvestmentIncomeReceivable`	$700.88K	USD	Annual
Accrued investment income	`IncreaseDecreaseInAccruedInvestmentIncomeReceivable`	$634.28K	USD	Annual
Recoverable from reinsurers	`IncreaseDecreaseInReinsuranceRecoverable`	$-749.20K	USD	Annual
Recoverable from reinsurers	`IncreaseDecreaseInReinsuranceRecoverable`	$-578.26K	USD	Annual
Assets held in trust under coinsurance agreement	`IncreaseDecreaseInAssetsHeldInTrustUnderCoinsuranceAgreement`	$-17.34M	USD	Annual
Assets held in trust under coinsurance agreement	`IncreaseDecreaseInAssetsHeldInTrustUnderCoinsuranceAgreement`	$-7.16M	USD	Annual
Agents' balances and due premiums	`IncreaseDecreaseInAccountsReceivable`	$-485.16K	USD	Annual
Agents' balances and due premiums	`IncreaseDecreaseInAccountsReceivable`	$30.93K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-751.09K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$4.82M	USD	Annual
Future policy benefits	`IncreaseDecreaseInFuturePolicyBenefitReservesAndOtherInsuranceLiabilities`	$13.17M	USD	Annual
Future policy benefits	`IncreaseDecreaseInFuturePolicyBenefitReservesAndOtherInsuranceLiabilities`	$13.72M	USD	Annual
Policy claims	`IncreaseDecreaseInLifeInsuranceLiabilities`	$-130.84K	USD	Annual
Policy claims	`IncreaseDecreaseInLifeInsuranceLiabilities`	$108.51K	USD	Annual
Other policy liabilities	`IncreaseDecreaseInOtherPolicyLiabilities`	$104.08K	USD	Annual
Other policy liabilities	`IncreaseDecreaseInOtherPolicyLiabilities`	$57.37K	USD	Annual
Other liabilities (excludes change in payable of securities purchased of ($383,426) and ($1,074,665) in 2023 and 2022, respectively)	`IncreaseDecreaseInOtherOperatingLiabilities`	$-5.91M	USD	Annual
Other liabilities (excludes change in payable of securities purchased of ($383,426) and ($1,074,665) in 2023 and 2022, respectively)	`IncreaseDecreaseInOtherOperatingLiabilities`	$5.28M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$30.04M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$40.39M	USD	Annual
Purchases of fixed maturity securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$35.25M	USD	Annual
Purchases of fixed maturity securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$23.06M	USD	Annual
Maturities of fixed maturity securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$952.00K	USD	Annual
Maturities of fixed maturity securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$4.83M	USD	Annual
Sales of fixed maturity securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$457.60K	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`	$130.55K	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`	$119.31K	USD	Annual
Joint venture distribution	`ProceedsFromDivestitureOfInterestInJointVenture`	$216.90K	USD	Annual
Purchases of mortgage loans	`PaymentsToAcquireMortageLoans`	$130.96M	USD	Annual
Purchases of mortgage loans	`PaymentsToAcquireMortageLoans`	$183.10M	USD	Annual
Payments on mortgage loans	`ProceedsFromSaleAndCollectionOfMortgageNotesReceivable`	$118.13M	USD	Annual
Payments on mortgage loans	`ProceedsFromSaleAndCollectionOfMortgageNotesReceivable`	$132.63M	USD	Annual
Purchases of other long-term investments	`PaymentsToAcquireOtherInvestments`	$13.33M	USD	Annual
Purchases of other long-term investments	`PaymentsToAcquireOtherInvestments`	$7.39M	USD	Annual
Collections on other long-term investments	`ProceedsFromSaleAndMaturityOfOtherInvestments`	$18.35M	USD	Annual
Collections on other long-term investments	`ProceedsFromSaleAndMaturityOfOtherInvestments`	$16.31M	USD	Annual
Sales of real estate	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$200.08K	USD	Annual
Sales of real estate	`ProceedsFromSaleOfRealEstateHeldforinvestment`	-	USD	Annual
Policy loans	`PaymentsForProceedsFromPolicyLoans`	$633.23K	USD	Annual
Policy loans	`PaymentsForProceedsFromPolicyLoans`	$568.26K	USD	Annual
Short-term investments	`PaymentsForProceedsFromShortTermInvestments`	$-3.02M	USD	Annual
Short-term investments	`PaymentsForProceedsFromShortTermInvestments`	$-1.56M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-33.74M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.60M	USD	Annual
Policyholders' account deposits	`AdditionsToContractHoldersFunds`	$67.31M	USD	Annual
Policyholders' account deposits	`AdditionsToContractHoldersFunds`	$69.08M	USD	Annual
Policyholders' account withdrawals	`WithdrawalFromContractHoldersFunds`	$72.60M	USD	Annual
Policyholders' account withdrawals	`WithdrawalFromContractHoldersFunds`	$104.58M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-35.50M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.29M	USD	Annual
Increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$297.02K	USD	Annual
Increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-8.99M	USD	Annual
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$42.53M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$33.84M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$33.54M	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`	$33.84M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$33.54M	USD	Point-in-time

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$51.65M	USD	Point-in-time
Balance	`StockholdersEquity`	$68.39M	USD	Point-in-time
Balance	`StockholdersEquity`	$64.02M	USD	Point-in-time
Net income	`NetIncomeLoss`	$6.18M	USD	Annual
Net income	`NetIncomeLoss`	$7.92M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-27.52M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$4.45M	USD	Annual
Acquisition of Royalty Capital Life Insurance Company	`AdjustmentsToAdditionalPaidInCapitalIncreaseRelatedToAcquisition`	$4.60M	USD	Annual
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-27.52M	USD	Annual
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$4.45M	USD	Annual
Balance	`StockholdersEquity`	$51.65M	USD	Point-in-time
Balance	`StockholdersEquity`	$68.39M	USD	Point-in-time
Balance	`StockholdersEquity`	$64.02M	USD	Point-in-time

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$6.18M	USD	Annual
Net income	`NetIncomeLoss`	$7.92M	USD	Annual
Total net unrealized investment gains (losses) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-33.99M	USD	Annual
Total net unrealized investment gains (losses) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$5.58M	USD	Annual
Less net realized investment gains (losses)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax`	$-52.02K	USD	Annual
Less net realized investment gains (losses)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax`	$861.78K	USD	Annual
Net unrealized investment gains (losses)	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax`	$5.63M	USD	Annual
Net unrealized investment gains (losses)	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax`	$-34.85M	USD	Annual
Adjustment to deferred acquisition costs	`OtherComprehensiveIncomeLossAdjustmentToDeferredAcquisitionCosts`	$2.00K	USD	Annual
Adjustment to deferred acquisition costs	`OtherComprehensiveIncomeLossAdjustmentToDeferredAcquisitionCosts`	$-12.06K	USD	Annual
Other comprehensive income (loss) before federal income tax expense (benefit)	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$5.63M	USD	Annual
Other comprehensive income (loss) before federal income tax expense (benefit)	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$-34.84M	USD	Annual
Federal income tax expense (benefit)	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$-7.32M	USD	Annual
Federal income tax expense (benefit)	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$1.18M	USD	Annual
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-27.52M	USD	Annual
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$4.45M	USD	Annual
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-21.34M	USD	Annual
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$12.36M	USD	Annual

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