Vericity (VERY) 10-K 1 Apr 24 2023 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Aug. 07, 2019
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Registrant Name	VERICITY, INC.
Trading Symbol	VERY
Entity Central Index Key	0001575434
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Entity Common Stock, Shares Outstanding	14,875,000
Entity Public Float		$ 18,411,600
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity File Number	001-38945
Entity Tax Identification Number	46-2348863
Entity Address, Address Line One	1350 E Touhy Avenue
Entity Address, Address Line Two	Suite 205W
Entity Address, City or Town	Des Plaines
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60018
City Area Code	312
Local Phone Number	288-0073
Entity Incorporation, State or Country Code	DE
Document Annual Report	true
Document Transition Report	false
Title of 12(b) Security	Common Stock, Par Value $0.001 per share
Security Exchange Name	NASDAQ
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE
Auditor Name	DELOITTE & TOUCHE LLP
Auditor Location	Chicago, Illinois
Auditor Firm ID	34

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Investments:
Fixed maturities - available-for-sale - at fair value (net of allowance for credit loss of $28 and $0, and amortized cost $336,142 and $331,946)	$ 313,382	$ 298,138
Mortgage loans (net of allowances for credit losses of $573 and $83)	40,534	45,270
Policyholder loans	7,149	6,699
Other invested assets	2,364	3,693
Total investments	363,429	353,800
Cash, cash equivalents and restricted cash	8,044	9,776
Accrued investment income	3,630	3,006
Reinsurance recoverables (net of allowances for credit losses of $167 and $126)	238,598	214,862
Deferred policy acquisition costs	88,076	90,189
Commissions and agent balances (net of allowances for credit losses of $336 and $338)	53,494	34,766
Intangible assets	1,635	1,635
Deferred income tax assets, net	32,396	28,437
Other assets	33,516	33,607
Total assets	822,818	770,078
Liabilities
Future policy benefits and claims	502,464	453,763
Policyholder account balances	70,726	77,443
Other policyholder liabilities	41,450	47,486
Policy dividend obligations	9,636	9,515
Reinsurance liabilities and payables	6,262	6,246
Long-term debt	39,761	30,213
Short-term debt	9,249	6,976
Other liabilities	33,057	27,093
Total liabilities	712,605	658,735
Commitments and Contingencies (Note 10)
Shareholders' Equity
Common stock, $.001 par value, 30,000,000 shares authorized, 14,875,000 shares, issued and outstanding	15	15
Additional paid-in capital	39,840	39,840
Retained earnings	91,580	101,660
Accumulated other comprehensive (loss) income	(21,222)	(30,172)
Total shareholders' equity	110,213	111,343
Total liabilities and shareholders' equity	$ 822,818	$ 770,078

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Fixed maturities - available-for-sale -amortized cost	$ 336,142	$ 331,946
Fixed maturities - available-for-sale, allowances for credit losses	28	0
Mortgage loans, valuation allowances for credit losses	573	83
Reinsurance recoverable, allowances for credit losses	167	126
Commissions and agent balances, allowances for credit losses	$ 336	$ 338
Common stock, par value	$ 0.001	$ 0.001
Common stock, authorized shares	30,000,000	30,000,000
Common stock, shares issued	14,875,000	14,875,000
Common stock, shares outstanding	14,875,000	14,875,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Revenues
Net insurance premiums	$ 96,839	$ 100,075
Net investment income	16,613	16,036
Net (losses) gains on investments	(2,507)	(327)
Earned commissions	59,937	42,634
Insurance lead sales	4,008	4,453
Other income	2,675	1,041
Total revenues	177,565	163,912
Benefits and expenses
Life, annuity, and health claim benefits	67,674	67,502
Interest credited to policyholder account balances	2,638	2,780
Operating costs and expenses	104,151	97,755
Amortization of deferred policy acquisition costs	13,954	18,443
Total benefits and expenses	188,417	186,480
(Loss) Income before income tax	(10,852)	(22,568)
Income tax (benefit) expense	(959)	(2,108)
Net (loss) income	$ (9,893)	$ (20,460)
Weighted average shares outstanding, basic	14,875,000	14,875,000
Weighted average shares outstanding,diluted	14,875,000	14,875,000
Basic (loss) earnings per share	$ (0.67)	$ (1.38)
Diluted earnings per share	$ (0.67)	$ (1.38)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net Income (Loss)	$ (9,893)	$ (20,460)
Other comprehensive (loss) income
Change in net unrealized gains (losses)	8,950	(41,101)
Total other comprehensive income (loss)	8,950	(41,101)
Total comprehensive (loss) income	$ (943)	$ (61,561)

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Total	Cumulative effect adjustment from changes in accounting guidance, net of tax	Common Stock	Additional Paid-in Capital	Retained Earnings	Retained Earnings Cumulative effect adjustment from changes in accounting guidance, net of tax	Retained Earnings Balance after adjustments	Accumulated Other Oomprehensive (Loss) Income
Balance – beginning of period at Dec. 31, 2021			$ 15	$ 39,840	$ 122,120		$ 122,120	$ 10,929
Net (loss) income	$ (20,460)				(20,460)
Other comprehensive (loss) income								(41,101)
Balance – end of period at Dec. 31, 2022	111,343		15	39,840	101,660		$ 101,473	(30,172)
Net (loss) income	(9,893)				(9,893)
Other comprehensive (loss) income								8,950
Balance – end of period at Dec. 31, 2023	$ 110,213	$ 187	$ 15	$ 39,840	$ 91,580	$ (187)		$ (21,222)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities
Net (loss) income	$ (9,893)	$ (20,460)
Adjustments to reconcile net (loss) income to net cash (used) provided by operating activities:
Depreciation and amortization and other non-cash items	5,413	4,105
Interest credited to policyholder account balances	2,638	2,780
Deferred income tax	(5,849)	(6,160)
Net investment (losses) gains	2,507	327
Interest expense	2,529	1,648
Change in:
Accrued investment income	(624)	(416)
Reinsurance recoverables, net	(23,736)	(30,731)
Deferred policy acquisition costs	2,113	5,526
Commissions and agent balances	(18,728)	(6,077)
Other assets	2,566	(402)
Insurance liabilities	42,636	41,783
Other liabilities	3,261	707
Net cash provided (used) by operating activities	4,833	(7,370)
Sales, maturities and repayments of:
Fixed maturities	44,466	37,534
Mortgage loans	5,266	6,650
Other invested assets	454
Purchases of:
Fixed maturities	(49,019)	(42,373)
Mortgage loans	(964)	(4,527)
Other invested assets	(840)	(980)
Change in policyholder loans, net	(450)	(328)
Other, net	(5,593)	(4,742)
Net cash (used) provided by investing activities	(6,680)	(8,766)
Cash flows from financing activities
Debt issued	43,983	22,169
Debt repaid	(34,691)	(13,006)
Deposits to policyholder account balances	753	381
Withdrawals from policyholder account balances	(9,930)	(6,031)
Net cash provided (used) by financing activities	115	3,513
Net (decrease) in cash, cash equivalents and restricted cash	(1,732)	(12,623)
Cash, cash equivalents and restricted cash – beginning of period	9,776	22,399
Cash, cash equivalents and restricted cash – end of period	$ 8,044	$ 9,776

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ (9,893)	$ (20,460)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	true

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	3 Months Ended
	Dec. 31, 2023
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1—Summary of Significant Accounting Policies Description of Business On October 3, 2023, the Company, announced that it entered into an Agreement and Plan of Merger (the “Merger Agreement”), by and among the Company, iA American Holdings Inc. (“iA” or “Parent”), Long Grove Acquisition Corp., a wholly owned subsidiary of Parent (“Merger Sub”), and, solely for purposes of Section 6.03 and Article IX thereof, iA Financial Corporation, Inc. (“Guarantor”). On the terms and subject to the conditions of the Merger Agreement, including receipt of approval from the Illinois Department of Insurance, at the closing, Merger Sub will merge with and into the Company (the “Merger”), with the Company continuing as the surviving entity, which will become a wholly-owned subsidiary of Parent. The time that the Merger becomes effective is referred to as the “Effective Time.” The Merger was unanimously approved by the Company’s board of directors. As a result of the Merger, each share of Common Stock outstanding immediately prior to the Effective Time (subject to certain exceptions, including shares of Common Stock owned by stockholders of the Company who have not voted in favor of the adoption of the Merger Agreement and have properly exercised appraisal rights in accordance with Section 262 of the General Corporation Law of the State of Delaware) will, at the Effective Time, automatically be converted into the right to receive $ 11.43 in cash, without interest and subject to applicable withholding taxes (the “Merger Consideration”). The aggregate equity value of the Common Stock acquired by Parent will be approximately $ 170 million. If the Merger is consummated, the Company’s Common Stock will be de-listed from The Nasdaq Capital Market and de-registered under the Securities Exchange Act of 1934, as amended. On October 3, 2023, the Company issued a Form 8-K and press release announcing the execution of the Merger Agreement and the Form 8-K is incorporated into this filing by reference. As of the date of this filing, the Company is awaiting the Illinois Department of Insurance approval of the transaction. No other regulatory approvals remain outstanding. The Merger is expected to close during the second quarter of 2024. The Company operates as a holding company and currently has no other business operations. Fidelity Life is an Illinois- domiciled life insurance company that was founded in 1896. Fidelity Life markets life insurance products through independent and affiliated distributors and is licensed in the District of Columbia and all states, except New York and Wyoming. Efinancial markets life and other products for non-affiliated insurance companies and sells life products for Fidelity Life. The accompanying consolidated financial statements present the accounts of the Company and subsidiaries at December 31, 2023 and December 31, 2022, and for the years ended December 31, 2023 and 2022 . Basis of Presentation These consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). All intercompany accounts and transactions have been eliminated in consolidation. Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Unconsolidated Variable Interest Entities In the normal course of investing activities, the Company enters into relationships with variable interest entities (VIEs), as an investor in limited partnership interests and asset-backed securities. The Company is not the primary beneficiary of these VIEs, and therefore does not consolidate them. The Company determines whether it is the primary beneficiary of a VIE based on a qualitative assessment of the relative power and benefits of the Company and the other participants in the VIE. The Company’s maximum exposure to loss with respect to these investments is limited to the investment carrying values included in the Company’s Consolidated Balance Sheets and any unfunded commitments. Fixed Maturities Fixed maturities classified as available-for-sale are reported at fair value. Changes in fair value are reported as unrealized gains or losses as discussed below. Fixed maturities include bonds, residential mortgage-backed securities, commercial mortgage-backed securities and asset-backed securities. Unrealized gains and losses on available-for-sale fixed maturity securities are reported as a component of accumulated other comprehensive income (AOCI), net of applicable deferred income taxes. Fair value is based on quoted market prices, when available. When quoted market prices are not available, fair value is estimated by discounting fixed maturity securities cash flows to reflect interest rates currently being offered on similar terms to borrowers of similar credit quality, by quoted market prices of comparable instruments, and by independent pricing sources. See "Note 11– Assets and Liabilities Measured at Fair Value" for further discussion on inputs and assumptions used to estimate fair value. Mortgage Loans Mortgage loans are held on commercial real estate and are stated at the aggregate unpaid principal balances, net of any write-downs and valuation allowances. The Company identifies loans for evaluation of impairment primarily based on the collection experience of each loan. Mortgage loans are considered impaired when, based on current information and events, it is probable that the Company will be unable to collect principal or interest amounts according to the contractual terms of the loan agreement. Impairment is measured on a loan-by-loan basis based on the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral. Impairments are included in net gains (losses) on investments in the Consolidated Statements of Operations. Interest income from mortgage loans is recognized on an accrual basis using the effective yield method. Accrual of income is generally suspended for mortgage loans that are in default or when full and timely collection of principal and interest payments is not probable. Short-Term Investments Short-term investments include highly liquid securities and other investments with remaining maturities of one year or less, but greater than three months from the date of purchase. Securities included within short-term investments are classified as available-for-sale and are reported at fair value. Changes in fair value are reported as unrealized gains or losses and are a component of AOCI, net of applicable deferred income taxes. Fair value is based on quoted market prices, when available. When quoted market prices are not available, fair value is estimated by discounting fixed maturity securities cash flows to reflect interest rates currently being offered on similar terms to borrowers of similar credit quality, by quoted market prices of comparable instruments, and by independent pricing sources. See “Note 11–Assets and Liabilities Measured at Fair Value” for further discussion on inputs and assumptions used to estimate fair value. Policyholder Loans Policyholder loans are carried at the aggregate of the unpaid balance. Interest income on such loans is recorded as earned in net investment income using the contractually agreed-upon interest rate. Cash, Cash Equivalents and Restricted Cash Cash and cash equivalents include cash on hand, amounts due from banks and highly liquid investments that are both readily convertible into known amounts of cash and have maturities of three months or less at the time of acquisition such that they present insignificant risk of changes in value due to changing interest rates and lack of credit exposure. The carrying value of these securities approximates their fair value. Reinsurance The Company enters into reinsurance agreements to diversify risk and limit its overall financial exposure. Although these reinsurance agreements contractually obligate the reinsurers to reimburse the Company, they do not discharge the Company from its primary liability and obligation to policyholders. Risk transfer criteria are reviewed for each reinsurance contract to determine if the contract will be accounted for as reinsurance or under the deposit method of accounting. The Company estimates the amount of allowances for credit losses on reinsurance recoverables based on periodic evaluations of balances due from reinsurers, reinsurer solvency, and management’s experience. Changes in the allowances for credit losses are presented as a component of life, annuity, and health claim benefits in the Consolidated Statements of Operations. Amounts owed by reinsurers are considered past due based on the terms of the reinsurance contract. Reinsurance recoverables and any related allowance are written off after collection efforts have been exhausted or a negotiated settlement is reached with the reinsurer. Deferred Policy Acquisition Costs (DAC) Incremental direct costs of acquiring new business, principally commissions on sales, underwriting, policy issuance and processing, and medical inspection costs, are deferred for successfully placed contracts. DAC for the life insurance business is amortized over the life of the business; for traditional life products, the DAC is amortized as a level percentage of gross premiums. For immaterial blocks, a simplified approach was taken. There was no remaining DAC on the assumed block or on the deferred annuities. Intangible Assets Impairment testing may be performed when events or changes in circumstances indicate that the carrying amount of the intangible assets may not be recoverable. Intangible assets are tested for impairment based on undiscounted cash flows, which requires the use of estimates and judgment, and, if impaired, are written down to fair value based on discounted cash flows. For years ended December 31, 2023 and December 31, 2022 , we have no t recorded an impairment of intangible assets. Future Policy Benefits, Policyholder Account Balances, and Other Policyholder Liabilities Future policy benefits represent the reserve for traditional life insurance policies and annuities in payout status. Reserves for traditional life insurance policies are computed using the net level premium method on the basis of actuarial assumptions at the issue date of the contracts, including mortality, policy lapse assumptions, and rates of interest. The reserves for annuities in payout status (structured settlements) represent the present value of assumed future payments based on contract terms for the future payouts and can include assumptions for mortality. To the extent that unrealized gains on available-for-sale fixed maturity securities would result in a premium deficiency had those gains actually been realized, an adjustment is recorded net of tax as a (decrease) increase of unrealized capital gains included in AOCI. For years ended December 31, 2023 and 2022 , this adjustment, net of tax, was $ 125 and ($ 4,687 ), respectively. A premium deficiency exists if the discounted present value of future gross premiums is not sufficient to cover anticipated future cash outflows. To assess the adequacy of our benefit reserves, we annually perform premium deficiency testing for each of our lines of business using best estimate assumptions as of the date of the test without provision for adverse deviation. If benefit reserves minus the DAC asset are less than the present value of future cash flows on the line of business, then first the DAC asset will be reduced. If reducing the DAC asset down to zero is still not sufficient to eliminate the premium deficiency, then benefit reserves will be increased. Recognizing a premium deficiency will reduce our reported net income or increase our reported loss, for the period. In connection with our premium deficiency testing on our most significant business lines, we performed sensitivity analyses on our Core Life, Non-Core Life, Closed Block, and annuities and assumed life business lines to capture the effect that certain key assumptions have on expected future cash flows, and the impact of those assumptions on the adequacy of DAC balances and GAAP benefit reserves. The sensitivity tests are performed independently, without consideration for any correlation among the key assumptions. Policyholder account balances include the liability for assumed deferred annuity and universal life contracts and the liabilities for policyholder dividends and death benefits on life insurance contracts that have been left on deposit with the Company. These liabilities represent the account value of the policyholder as there are no other benefits due. This liability is equal to the balance that accrues to the benefit of the policyholder, which includes the accumulation of deposits, plus interest credited, less withdrawals. Other policyholder liabilities include the amounts estimated for claims that have been reported but not settled and estimates for claims incurred but not reported. Long and Short-Term Debt Debt represents upfront commission payments received on certain term life products that are to be repaid as level commissions over the life of the underlying policies issued. The debt liability is accounted for under the interest method, which requires the imputation of interest resulting in the recognition of a discount as the difference between the cash payments received and the level commissions expected to be repaid based on current policy lapse assumptions. Under the interest method, the discount is amortized as interest expense over the period that level commissions are repaid resulting in a constant rate of interest when applied to the amount outstanding at the beginning of any given period. The amount to be repaid as level commissions are dependent on the level of expected policy lapses assumed for the underlying commissions financed; therefore, the debt liability may be adjusted in periods where revisions to policy lapse assumptions are made, which may result in the recognition of a gain or loss. Shareholders' Equity - Common Stock Apex Holdco ‎L.P., an affiliate of J.C. Flowers IV L.P., a private equity fund advised by J.C. Flowers & Co. ‎LLC, pursuant to a standby stock purchase agreement under which Apex Holdco L.P. agreed to act as the standby purchaser for the IPO (“Standby Purchaser”). ‎ As a result, the Standby Purchaser owns approximately 76.5 % of the issued and outstanding shares of Vericity, Inc. common stock . Income Taxes The current receivable for federal income tax is recognized based on the estimated amounts to be reflected on the filed tax returns. Federal income tax expense or benefit is recognized based on amounts reported in the consolidated financial statements and using the applicable current federal income tax rate. Income taxes are allocated to operations and other comprehensive (loss) income based on the source of the taxable event. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effects of changes in tax rates or laws are recognized in the period that includes the enactment date. If necessary, a valuation allowance is established to reduce the carrying amount of deferred tax assets to amounts that are more likely than not to be realized. See “Note 4 – Income Taxes” for further details. Revenue Recognition Life and health insurance contract premiums are recognized as income when due from policyholders. Deposits on deposit-type contracts are entered directly as a liability when cash is received. Commission revenue from the sale of insurance products by Efinancial is recognized once the insurance policy is issued by the insurance company and accepted by the customer (policy placement) and recorded as commission receivable, net of any advances received. Provision is made for commission revenue that, based on experience, will ultimately not be earned due to the customer discontinuing the underlying insurance policy. Commission revenue that Efinancial earns from the sale of insurance products where Efinancial acts as the general agent and utilizes a sub-agent to sell the policy (wholesale distribution) is recorded net of related commission expense paid to the writing agency. Efinancial commissions earned for the sale of Fidelity Life products, where Efinancial is acting in the capacity as a sub-agent, are not eliminated, primarily related to the agreement with AmeriLife in which services under the agency and sub-agency agreements are distinct from one another. Our primary revenue-generating arrangements that are within the scope of Accounting Standards Codification (ASC) 606 are our brokerage arrangements associated with selling an insurance policy where Efinancial is either acting in the capacity of a general agent and selling directly to the insurance carrier, or acting as a sub-agent under general agency agreement. In these arrangements, our customer is the insurance carrier and we have a single performance obligation to place a policy for the insurance carrier. Our performance obligation is satisfied at the point in time when the policy is placed, which is the point in time when the customer obtains control over the policy and has the right to use and obtain the benefits from the policy. In these arrangements, depending on the number of years the policy is in-force, a majority of our consideration is received in the first year. In addition to the first-year consideration, depending on the specific carrier and product involved, we may also be entitled to renewal commissions over the period of time the policy remains in-force. Our consideration is variable based on the amount of time we estimate a policy will remain in-force. We estimate the amount of variable consideration that we expect to receive based on our historical experience or carrier experience to the extent available, industry data and our expectations as to future persistency rates. Additionally, we consider application of the constraint and only recognize the amount of variable consideration that we believe is probable to be received and will not be subject to a significant revenue reversal. We monitor and update this estimate at each reporting date. Because we recognize revenue prior to being entitled to the payment for these renewal commissions, we recognize a contract asset. We have determined that any contract costs (e.g., costs to obtain or costs to fulfill) related to our brokerage arrangements are immaterial. Insurance lead sales include the sale of potential life insurance customer leads to outside parties including agencies and unaffiliated insurers. Sales of leads are recorded at the time the lead data is sold to the customer and recorded as a receivable, net of allowance for returns. Net Investment Income and Net Gains (Losses) on Investments Net investment income consists primarily of interest and dividends. Interest is recognized on an accrual basis and reflects amortization of premiums and accretion of discounts on an effective yield basis, based on expected cash flows. Dividends are recorded on the ex-dividend date. Net gains (losses) on investments, resulting from sales or calls of investments and representing the difference between the net proceeds and the carrying value of investments sold, are determined on a specific identification basis. Net gains (losses) on investments are also recognized when there are write-downs from impairments and changes in the allowance for credit losses. Changes in value reported for investments accounted for using the equity method of accounting are classified within net gains (losses) on investments. The Company regularly reviews its fixed income portfolio to identify and evaluate whether a security may require a credit loss allowance. For each fixed income security in an unrealized loss position, the Company assesses whether management with the appropriate authority has made the decision to sell or whether it is more likely than not the Company will be required to sell the security before recovery of the amortized cost basis for reasons such as liquidity, contractual or regulatory purposes. If a security meets either of these criteria, any existing credit loss allowance would be written-off against the amortized cost basis of the asset along with any remaining unrealized losses, with incremental losses recorded in earnings. For all other securities in an unrealized loss position in which the Company does not expect to recover the entire amortized cost basis, the security is deemed to have a credit loss. Policyholder Dividend Obligations Dividends payable to policyholders are determined annually based on the experience of the Closed Block policies and are payable only upon declaration by the Board of Directors of Fidelity Life. At December 31, 2023 and 2022 , a provision has been made for dividends expected to be paid in the following calendar year of $ 1,536 and $ 1,236 , respectively. The provision is recorded in other policyholder liabilities in the Consolidated Balance Sheets. The Company also establishes a policyholder dividend obligation when cumulative actual earnings of the Closed Block are in excess of the cumulative expected earnings that were determined at the inception of the Closed Block. See “Note 8 – Closed Block” for further discussion. Recently Issued and Adopted Accounting Pronouncements Pursuant to the Jumpstart Our Business Startups Act (“JOBS Act”), an emerging growth company is provided the option to adopt new or revised accounting standards that may be issued by the Financial Accounting Standards Board (FASB) or the SEC either (i) within the same periods as those otherwise applicable to non-emerging growth companies or (ii) within the same time periods as private companies. The Company has elected to use the extended transition period for complying with any new or revised financial accounting standards. Accordingly, the information contained herein may be different than the information you receive from other public companies. We also intend to continue to take advantage of some of the reduced regulatory and reporting requirements of emerging growth companies pursuant to the JOBS Act so long as we qualify as an emerging growth company, including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404(b) of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation, and exemptions from the requirements of holding non-binding advisory votes on executive compensation and golden parachute payments. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments— Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments . The new guidance requires that Other-Than-Temporary Impairment (OTTI) on a debt security will be recognized as an allowance going forward, such that improvements in expected future cash flows after an impairment will no longer be reflected as a prospective yield adjustment through net investment income, but rather a reversal of the previous impairment and recognized through net gains (losses) on investments. The guidance also requires enhanced disclosures. In March 2022, the FASB issued ASU 2022-02 – Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructuring and Vintage Disclosure. This ASU was issued to eliminate the troubled debt restructuring recognition and measurement guidance for creditors that have adopted the current expected credit loss guidance while enhancing disclosure requirements for certain loan refinancing and restructurings by creditors when a borrower is experiencing financial difficulty. The Company has assessed the impact of ASU 2016-13 and has established an additional alllowance for credit losses on our mortgage portfolio of $ 237 . The tax effected amount of $ 187 is reflected in the beginning of year equity as a cumulative effect adjustment from changes in accounting guidance, net of tax. The Company has also assessed fixed maturities - available-for-sale, reinsurance recoverables and commissions and agent balances and determined no additional allowance for credit losses is needed. We also adopted the required disclosures within Note 2 Investments, Note 6 Reinsurance, Note 13 Accumulated Other Comprehensive Income and Note 14 Business Segments. Due to the adoption of the measurement of credit losses on financial instruments accounting standard, prior change in valuation allowance is now presented as a change in allowance for credit losses. In August 2018, the FASB issued ASU No. 2018-12, Targeted Improvements to the Accounting for Long-Duration Insurance Contracts (Topic 944). The FASB amends the accounting model under GAAP for certain long-duration insurance contracts and requires insurers to provide additional disclosures in annual and interim reporting periods. The amendments are aimed at improving the following four key areas of financial reporting: measurement of the liability for future policy benefits related to non-participating traditional and limited-payment contracts, measurement and presentation of market risk benefits, amortization of deferred acquisition costs (DAC), and presentation and disclosures. The Company expects the impact to be material and is in the process of quantifying the impact of this standard. In November 2020, the FASB issued ASU 2020-11— Financial Services—Insurance (Topic 944): Effective Date and Early Application . This ASU was issued to provide additional time for implementation of ASU 2018-12 by deferring the effective date by one year. For smaller reporting companies, this update is effective for fiscal years beginning after December 15, 2024 and interim periods within fiscal years beginning after December 15, 2025. In December 2022, FASB issued ASU 2022-05 — Financial Services—Insurance (Topic 944): Transition for Sold Contracts. This ASU introduced an optional accounting policy election under which the insurer can choose not to apply the amendments made by ASU 2018-12 to certain contracts that are derecognized as a result of a sale or disposal before the effective date of ASU 2018-12. Insurers that make this policy election would also be subject to additional disclosure requirements. In November 2023, the FASB issued ASU 2023-07, Segment Reporting:Improvements to Reportable Segment Disclosures (Topic 280) . The primary objective of ASU 2023-07 is to enhance the reportable segment disclosures provided by entities in their financial statements. It aims to improve transparency and usefulness of information related to an entity’s reportable operating segments. Entities must disclose significant segment expenses that are regularly provided to the chief operating decision maker (CODM). The disclosures include: (i) General Information: Description of the nature of the segments, products, and services. (ii) Segment Profit or Loss: Revenue, operating profit or loss, and other relevant financial information for each segment. (iii) Segment Assets: Total assets for each segment. (iv) Measurement Criteria: Explanation of how segment profit or loss is measured. ASU 2023-07 will be effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. The Company is evaluating the impact of the guidance on its annual disclosures.

Investments

Investments	12 Months Ended
	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Investments	Note 2—Investments The Company continuously monitors its investment strategies and individual holdings with consideration of current and projected market conditions, the composition of the Company’s liabilities, projected liquidity and capital investment needs, and compliance with investment policies and state regulatory guidelines. Fixed Maturities The amortized cost, gross unrealized gains, gross unrealized losses, and fair value net of allowances for credit losses are included in accumulated other comprehensive income (AOCI) of fixed maturities available-for-sale are as follows: December 31, 2023 Fixed maturities Amortized Unrealized Unrealized Fair U.S. government and agencies $ 10,188 $ 365 $ ( 488 ) $ 10,065 U.S. agency mortgage-backed 7,173 61 ( 516 ) 6,718 State and political subdivisions 79,362 347 ( 9,490 ) 70,219 Corporate and miscellaneous 174,263 2,733 ( 11,700 ) 165,296 Foreign government 130 5 — 135 Residential mortgage-backed 7,302 96 ( 523 ) 6,875 Commercial mortgage-backed 22,043 23 ( 1,678 ) 20,388 Asset-backed 35,681 86 ( 2,081 ) 33,686 Total fixed maturities $ 336,142 $ 3,716 $ ( 26,476 ) $ 313,382 December 31, 2022 Fixed maturities Amortized Unrealized Unrealized Fair OTTI (1) U.S. government and agencies $ 9,258 $ 349 $ ( 501 ) $ 9,106 $ — U.S. agency mortgage-backed 9,429 63 ( 614 ) 8,878 — State and political subdivisions 68,213 26 ( 12,015 ) 56,224 — Corporate and miscellaneous 171,283 1,473 ( 16,275 ) 156,481 — Foreign government 130 1 — 131 — Residential mortgage-backed 4,912 140 ( 622 ) 4,430 ( 709 ) Commercial mortgage-backed 21,374 2 ( 1,914 ) 19,462 — Asset-backed 47,347 5 ( 3,926 ) 43,426 — Total fixed maturities $ 331,946 $ 2,059 $ ( 35,867 ) $ 298,138 $ ( 709 ) (1) Due to the adoption of the measurement of credit losses on financial instruments accounting standard, realized capital losses previously reported as OTTI write-downs are now presented as credit losses; therefore OTTI is not presented in the 2023 table above. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Maturities of mortgage-backed and asset-backed securities may be substantially shorter than their contractual maturity because they may require monthly principal installments and such loans may prepay principal. The amortized cost and fair value of fixed maturities by contractual maturity, are presented in the following table: December 31, 2023 Amortized Fair Due in one year or less $ 7,754 $ 7,670 Due after one year through five years 37,576 36,830 Due after five years through ten years 74,512 71,313 Due after ten years 144,102 129,902 Securities not due at a single maturity date — primarily mortgage and asset-backed 72,198 67,667 Total fixed maturities $ 336,142 $ 313,382 Fixed maturities with a carrying value of $ 2,689 and $ 2,680 were on deposit with governmental authorities, as required by law at December 31, 2023 and 2022, respectively. The Company’s fixed maturities portfolio was primarily composed of investment grade securities, defined as a security having a rating of Aaa, Aa, A, or Baa from Moody’s, AAA, AA, A, or BBB from S&P or NAIC rating of NAIC 1 or NAIC 2. Investment grade securities comprised 96.0 % and 95.1 % of the Company’s total fixed maturities portfolio at December 31, 2023 and 2022, respectively. At December 31, 2023 and December 31, 2022 , the Company had unfunded commitments to make investments in fixed maturity securities in the amount of $ 0 and $ 1,290 , respectively. Mortgage Loans The Company makes investments in commercial mortgage loans. The Company, along with other investors, owns a pro-rata share of each loan. The Company participates in 35 such investment instruments with ownership shares ranging from 0.6 % to 30.0 % of the trust at December 31, 2023 . The Company owns a share of 311 mortgage loans with a loan average balance of $ 132 and a maximum exposure related to any single loan of $ 600 . Mortgage loan holdings are diversified by geography and property type as follows: December 31, 2023 December 31, 2022 Gross Carrying % of Total Gross Carrying % of Total Property Type: Retail $ 12,812 31.2 % $ 13,866 30.6 % Office 10,635 25.9 % 11,115 24.5 % Industrial 7,476 18.2 % 8,138 17.9 % Mixed use 4,798 11.7 % 5,249 11.6 % Apartments 2,077 5.0 % 2,796 6.2 % Medical office 2,423 5.9 % 3,053 6.7 % Other 886 2.1 % 1,136 2.5 % Gross carrying value of mortgage loans 41,107 100.0 % 45,353 100.0 % Credit loss allowance (1) ( 573 ) ( 83 ) Net carrying value of mortgage loans $ 40,534 $ 45,270 December 31, 2023 December 31, 2022 Gross Carrying % of Total Gross Carrying % of Total U.S. Region: West South Central $ 10,038 24.3 % $ 11,608 25.6 % East North Central 12,184 29.6 % 12,320 27.2 % South Atlantic 8,046 19.6 % 8,815 19.4 % West North Central 2,328 5.7 % 2,871 6.3 % Mountain 2,560 6.2 % 2,824 6.2 % Middle Atlantic 1,986 4.8 % 2,310 5.1 % East South Central 3,519 8.7 % 3,661 8.1 % New England — 0.0 % 34 0.1 % Pacific 446 1.1 % 910 2.0 % Gross carrying value of mortgage loans 41,107 100.0 % 45,353 100.0 % Credit loss allowance (1) ( 573 ) ( 83 ) Net carrying value of mortgage loans $ 40,534 $ 45,270 (1) Due to the adoption of the measurement of credit losses on financial instruments accounting standard, the valuation allowance in 2022 is now presented as an allowance for expected credit losses in 2023. During the years ended December 31, 2023 and 2022 , $ 964 and $ 4,527 of new mortgage loans were purchased, respectively, which did not include second lien mortgage loans. All taxes, assessments, or any amounts advanced were not included in the mortgage loan balances at December 31, 2023 and 2022. At December 31, 2023 and 2022 , the Company had zero and 3 mortgage loans with a total carrying value of $ 0 and $ 692 that were in a restructured status, respectively. There were no impairments for mortgage loans in 2023 and 2022. The changes in the allowances for credit losses (includes $ 237 related to adoption of ASU 2016-13) for commercial mortgage loans were as follows: Year Ended December 31, 2023 Year Ended December 31, 2022 Beginning balance $ 83 $ 69 Net increase in allowances for credit losses related to change in accounting standards (See Note 1) 237 — Net increase (decrease) in allowances for credit losses 253 14 Ending balance $ 573 $ 83 At December 31, 2023 and 2022 the Company had no mortgage loans that were on non-accrual status. At December 31, 2023 and 2022 , the Company had a commitment to make investments in mortgage loans in the amount of $ 3,734 and $ 2,575 , respectively. Net Investment Income The sources of net investment income are as follows: Year Ended December 31, 2023 2022 Income from: Fixed maturities $ 15,155 $ 14,556 Policyholder loans 365 378 Mortgage loans 2,312 2,472 Cash, cash equivalents and restricted cash 144 66 Gross investment income 17,976 17,472 Investment expenses ( 1,363 ) ( 1,436 ) Net investment income $ 16,613 $ 16,036 Investment expenses include investment management fees, some of which include incentives based on market performance, custodial fees and internal costs for investment-related activities. Net (Losses) Gains on Investments The sources of net investment gains (losses) are as follows: Year Ended December 31, 2023 2022 Investment (losses) gains from sales: Fixed maturities $ ( 567 ) $ ( 364 ) Mortgage loans 56 ( 80 ) Cash and cash equivalents — 1 Gains and losses from sales ( 511 ) ( 443 ) Valuation change of other invested assets - (decline) appreciation: ( 1,715 ) 572 Change in allowance for credit losses (1) ( 281 ) ( 456 ) Total net (losses) gains on investments $ ( 2,507 ) $ ( 327 ) Change in Allowance for Credit Losses The Company regularly reviews its fixed income portfolio to identify and evaluate whether a security may require a credit loss allowance. For each fixed income security in an unrealized loss position, the Company assesses whether management with the appropriate authority has made the decision to sell or whether it is more likely than not the Company will be required to sell the security before recovery of the amortized cost basis for reasons such as liquidity, contractual or regulatory purposes. If a security meets either of these criteria, any existing credit loss allowance would be written-off against the amortized cost basis of the asset along with any remaining unrealized losses, with incremental losses recorded in earnings. For all other securities in an unrealized loss position in which the Company does not expect to recover the entire amortized cost basis, the security is deemed to have a credit loss. Significant judgment is required in the determination of whether a credit loss has occurred for a security. The Company has developed a consistent methodology and has identified significant inputs for determining whether a credit loss has occurred. Some of the factors considered in evaluating whether a decline in fair value is a credit loss are the financial condition and prospects of the issuer, payment status, the probability of collecting scheduled principal and interest payments when due, credit ratings of the securities, and the duration and severity of the decline. The credit loss component of a fixed maturity security impairment is calculated as the difference between amortized cost and the present value of the expected cash flows of the security. The present value is determined using the best estimate of cash flows discounted at the effective rate implicit to the security at the date of purchase or prior impairment. The methodology and assumptions for estimating the cash flows vary depending on the type of security. For mortgage-backed and asset-backed securities, cash flow estimates, including prepayment assumptions, are based on data from widely accepted third-party sources or internal estimates. In addition to prepayment assumptions, cash flow estimates vary based on assumptions regarding the underlying collateral characteristics, expectations of delinquency and default rates, and structural support, including subordination and guarantees. If the present value of the modeled expected cash flows equals or exceeds the amortized cost of a security, no credit loss exists. The non-credit component, determined as the difference between the adjusted amortized cost basis and fair value, is recognized in other comprehensive (loss) income. The credit loss component of a fixed maturity security impairment is calculated as the difference between amortized cost and the present value of the expected cash flows of the security. The present value is determined using the best estimate of cash flows discounted at the effective rate implicit to the security at the date of purchase or prior impairment. The methodology and assumptions for estimating the cash flows vary depending on the type of security. For mortgage-backed and asset-backed securities, cash flow estimates, including prepayment assumptions, are based on data from widely accepted third-party sources or internal estimates. In addition to prepayment assumptions, cash flow estimates vary based on assumptions regarding the underlying collateral characteristics, expectations of delinquency and default rates, and structural support, including subordination and guarantees. If the Company does not expect to receive cash flows sufficient to recover the entire amortized cost basis of the fixed maturity security, a credit loss allowance is recorded in earnings for the shortfall in expected cash flows; however, the amortized cost, net of the credit loss allowance, may not be lower than the fair value of the security. If the present value of the modeled expected cash flows equals or exceeds the amortized cost of a security, no credit loss exists. The non-credit component, determined as the difference between the adjusted amortized cost basis and fair value, is recognized in other comprehensive (loss) income. The measurement of credit losses for available-for-sale fixed income securities measured at fair value is not affected except that credit losses recognized are limited to the amount by which fair value is below amortized cost and the credit loss adjustment is recognized through an allowance which may change over time but once recorded cannot subsequently be reduced to an amount below zero. Previously these credit loss adjustments were recorded as OTTI and were not reversed once recorded. A roll-forward of the cumulative credit losses on fixed maturity securities is as follows: December 31, 2023 Beginning allowance for credit loss balance $ - Additional credit loss allowance 28 Reduction of credit losses allowances related to securities sold during period — Ending allowance for credit loss balance $ 28 Unrealized Losses for Fixed Maturities The Company’s fair value and gross unrealized losses for fixed maturities available-for-sale, aggregated by investment category and length of time that individual securities have been in a continuous gross unrealized loss position are as follows: 12 months or less Longer than 12 months Total December 31, 2023 Estimated Gross Estimated Gross Estimated Gross Fixed maturities U.S. government and agencies $ 499 $ ( 1 ) $ 2,732 $ ( 488 ) $ 3,231 $ ( 489 ) U.S. agency mortgage-backed 94 — 4,879 ( 515 ) 4,973 ( 515 ) State and political subdivisions 8,151 ( 176 ) 45,628 ( 9,314 ) 53,779 ( 9,490 ) Corporate and miscellaneous 22,527 ( 1,871 ) 66,482 ( 9,829 ) 89,009 ( 11,700 ) Residential mortgage-backed 269 ( 10 ) 3,029 ( 513 ) 3,298 ( 523 ) Commercial mortgage-backed 1,430 ( 53 ) 17,582 ( 1,625 ) 19,012 ( 1,678 ) Asset-backed 3,551 ( 190 ) 26,644 ( 1,891 ) 30,195 ( 2,081 ) Total fixed maturities $ 36,521 $ ( 2,301 ) $ 166,976 $ ( 24,175 ) $ 203,497 $ ( 26,476 ) 12 months or less Longer than 12 months Total December 31, 2022 Estimated Gross Estimated Gross Estimated Gross Fixed maturities U.S. government and agencies $ 2,722 $ ( 501 ) $ — $ — $ 2,722 $ ( 501 ) U.S. agency mortgage-backed 5,297 ( 578 ) 216 ( 36 ) 5,513 ( 614 ) State and political subdivisions 38,252 ( 7,036 ) 15,057 ( 4,979 ) 53,309 ( 12,015 ) Corporate and miscellaneous 94,461 ( 13,479 ) 8,322 ( 2,796 ) 102,783 ( 16,275 ) Residential mortgage-backed 3,286 ( 554 ) 344 ( 68 ) 3,630 ( 622 ) Commercial mortgage-backed 16,218 ( 1,611 ) 2,655 ( 303 ) 18,873 ( 1,914 ) Asset-backed 20,465 ( 1,726 ) 21,069 ( 2,200 ) 41,534 ( 3,926 ) Total fixed maturities $ 180,701 $ ( 25,485 ) $ 47,663 $ ( 10,382 ) $ 228,364 $ ( 35,867 ) The indicated gross unrealized losses in all fixed maturity categories were $ 26,476 and $ 35,867 at December 31, 2023 and 2022, respectively. At as of December 31, 2023 and 2022, the Company did not have the intent to sell these investments, and it was not more likely than not that the Company would be required to sell these investments before an anticipated recovery of value. The Company evaluated these investments for credit losses at December 31, 2023. The Company considers many factors in evaluating whether the unrealized losses were credit related including, but not limited to, the extent to which the fair value has been less than amortized cost, conditions related to the security, industry, or geographic area, payment structure of the investment and the likelihood of the issuer’s ability to make contractual cashflows, defaults or other collectability concerns related to the issuer, changes in the ratings assigned by a rating agency, and other credit enhancements that affect the investment’s expected performance. The Company determined that the unrealized losses on these securities were due to non-credit related factors at the evaluation date. Information and concentrations related to fixed maturities in an unrealized loss position are included below. The tables below include the number of fixed maturities in an unrealized loss position for greater than and less than 12 months and the percentage that were investment grade at December 31, 2023. Unrealized Losses 12 months or less Gross Unrealized Losses Impairment is Impairment Impairment Percent Fixed maturities U.S. government and agencies $ ( 1 ) $ ( 1 ) $ — $ — 100 % U.S. agency mortgage-backed — — — — 0 % State and political subdivisions ( 176 ) ( 176 ) — — 100 % Corporate and miscellaneous ( 1,871 ) ( 621 ) ( 747 ) ( 502 ) 82 % Residential mortgage-backed ( 10 ) ( 10 ) — — 17 % Commercial mortgage-backed ( 53 ) ( 53 ) — — 100 % Asset-backed ( 190 ) ( 114 ) ( 76 ) — 100 % Gross unrealized losses $ ( 2,301 ) $ ( 975 ) $ ( 823 ) $ ( 502 ) Total number of fixed maturities 154 127 22 5 Unrealized Losses greater than 12 months Gross Unrealized Losses Impairment is Impairment Impairment Percent Fixed maturities U.S. government and agencies $ ( 488 ) $ ( 62 ) $ — $ ( 426 ) 100 % U.S. agency mortgage-backed ( 515 ) ( 202 ) ( 313 ) — 100 % State and political subdivisions ( 9,314 ) ( 601 ) ( 3,391 ) ( 5,322 ) 100 % Corporate and miscellaneous ( 9,829 ) ( 1,454 ) ( 4,055 ) ( 4,320 ) 86 % Residential mortgage-backed ( 513 ) ( 47 ) ( 336 ) ( 130 ) 90 % Commercial mortgage-backed ( 1,625 ) ( 746 ) ( 680 ) ( 198 ) 100 % Asset-backed ( 1,891 ) ( 871 ) ( 883 ) ( 138 ) 97 % Gross unrealized losses $ ( 24,175 ) $ ( 3,983 ) $ ( 9,658 ) $ ( 10,534 ) Total number of fixed maturities 584 221 224 139 Gross unrealized losses by unrealized loss position and credit quality at December 31, 2023 are as follows: Investment Grade Below Investment Grade Total Fixed income securities with unrealized loss position less than or equal to 20% of amortized cost, net (1) (2) $ 14,902 $ 539 $ 15,441 Fixed income securities with unrealized loss position greater than 20% of amortized cost, net (3) (4) 10,618 417 11,035 Total unrealized losses $ 25,520 $ 956 $ 26,476 (1) Below investment grade fixed income securities include $ 103 that have been in an unrealized loss position for less than twelve months. (2) Related to securities with an unrealized loss position less than or equal to 20% of amortized cost, net, the degree of which suggests that these securities do not pose a high risk of having credit losses. (3) Below investment grade fixed income securities include $ 853 that have been in an unrealized loss position for a period of twelve or more consecutive months. (4) Evaluated based on factors such as discounted cash flows and the financial condition and near-term and long-term prospects of the issue or issuer and were determined to have adequate resources to fulfill contractual obligations.

Deferred Policy Acquisition Cos

Deferred Policy Acquisition Costs	12 Months Ended
	Dec. 31, 2023
Deferred Policy Acquisition Costs Disclosures [Abstract]
Deferred Policy Acquisition Costs	Note 3—Deferred Policy Acquisition Costs Policy acquisition costs deferred primarily consist of commissions on sales, policy underwriting and issuance costs, and variable sales and marketing costs. Annually, the Company reviews the assumptions and experience underlying the expected gross margins for policies accounted for as investment contracts, which may or may not result in the recognition of unlocking adjustments. The deferred policy acquisition costs and changes are as follows: December 31, December 31, 2023 2022 Beginning balance $ 90,189 $ 95,715 Acquisition costs deferred 11,841 12,917 Amortization ( 13,954 ) ( 18,443 ) Ending balance $ 88,076 $ 90,189

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Note 4—Income Taxes Provided below are income taxes based on the difference between the expected tax provision, applying the statutory tax rate ( 21 %) to the actual tax provision. Year Ended December 31, 2023 2022 (Loss) income before income taxes $ ( 10,852 ) $ ( 22,568 ) Statutory rate 21 % 21 % Income tax (benefit) expense at statutory rate ( 2,279 ) ( 4,739 ) Effect of: Return to provision adjustments ( 1,198 ) ( 664 ) Valuation allowance Increase (decrease) in the valuation allowance related to return to provision adjustments 290 172 Increase in the valuation allowance - current year 2,269 3,129 Total increase in the valuation allowance 2,559 3,301 Other ( 41 ) ( 6 ) Income tax (benefit) expense $ ( 959 ) $ ( 2,108 ) The components of income tax (benefit) expense are as follows: Year Ended December 31, 2023 2022 Income tax applicable to: Current $ 4,890 $ 4,052 Deferred (net of increase in allowance: 2023 - $ 2,559 , 2022 - $ 3,301 ) ( 5,849 ) ( 6,160 ) Ending balance $ ( 959 ) $ ( 2,108 ) The components of the net deferred income tax assets are as follows: Year Ended December 31, 2023 2022 Deferred tax assets: Net operating loss carryforward $ 24,818 $ 23,490 Reinsurance assets 50,175 48,717 Net unrealized investment losses 4,780 7,100 Policyholder dividend obligation 2,023 1,998 Policyholder dividend 323 259 Commission receivable, net 6,822 6,813 Incentive compensation 581 378 Other 3,893 2,902 Total deferred tax assets 93,415 91,657 Valuation allowance ( 26,637 ) ( 24,426 ) Total deferred income tax assets 66,778 67,231 Deferred tax liabilities: Life insurance reserves 25,753 27,539 Deferred policy acquisition cost 4,948 7,096 Intangible assets 344 344 Basis difference – investments 593 464 Fixed assets 2,507 2,784 Other 237 567 Total deferred tax liabilities 34,382 38,794 Deferred income tax assets, net $ 32,396 $ 28,437 As of December 31, 2023, we had a 100 % valuation allowance recorded against the deferred tax assets related to the non-life subgroup of our tax return. The Company also maintains a valuation allowance of $ 718 and $ 1,066 against a portion of the unrealized investment losses at December 31, 2023 and 2022, respectively in the life group. In 2023, the Company established a full valuation allowance against the realized capital losses portion of the life group deferred tax asset in the amount of $ 412 . Valuation allowances are established because we determined that it is more likely than not that these assets will not be recoverable. The recording of the valuation allowance not related to investment losses, increases our federal income tax expense which in turn reduces our reported net income or increases our net loss as applicable. It is possible that some or all of these DTAs may not be realized unless we are able to generate sufficient taxable income from our operations. If we do not generate sufficient taxable income in the future a valuation allowance to reduce our DTAs may be required, which could materially increase our expenses in the period the allowance is recognized and materially adversely affect our results of operations and statement of financial condition. On December 22, 2017, the Tax Cut and Jobs Act Bill H.R.1 was enacted, which, among other things, allows Net Operating Losses (NOLs) to be carried forward indefinitely; therefore, NOLs generated after December 31, 2017 are reflected in the table below under the caption no expiration. Internal Revenue Code Section 382 (“Section 382”) limits how much of a loss carry-forward existing as of the date of an ownership change that can be used to offset annual taxable income subsequent to the change of ownership. As a result of the IPO and Section 382, the Company will be restricted in its ability to utilize loss carry-forwards. The annual limit is estimated to be approximately $ 3,100 . In 2023 , no NOLs expired and there was a return to provision adjustment related to non-life NOLs of ($ 400 ). These expiring NOLs have no impact on the Company’s results due to a full valuation allowance on these NOLs. The Inflation Reduction Act of 2022 (“Act”), which contains several tax-related provisions, was signed into law in August 2022. The Act creates a 15 % corporate alternative minimum tax (“CAMT”) on certain large corporations and an excise tax of 1 % on stock repurchases by publicly traded U.S. corporations, both effective after December 31, 2022. The Company has determined that it is not considered an “applicable corporation” under the rules of CAMT . The Company’s net operating loss carry-forwards are as follows: Life Sub- Non-Life Total Year net operating loss expires 2025 $ — $ 1,229 $ 1,229 2026 — 5,249 5,249 2027 — 5,057 5,057 2028 — 3,061 3,061 2029 — 1,708 1,708 2030 — 8,121 8,121 2031 — 5,361 5,361 2032 — 2,539 2,539 2033 — 1,099 1,099 2034 — 13,527 13,527 2035 — 5,311 5,311 2036 — 5,267 5,267 2037 — 4,266 4,266 No expiration — 56,385 56,385 $ - $ 118,180 $ 118,180 The Company has no unrecognized tax benefits for the years ended December 31, 2023 and 2022 and the Company does no t expect the unrecognized tax benefits to increase in the next 12 months. The Company records penalties and interest related to unrecognized tax benefits within income tax expense.

Policy Liabilities

Policy Liabilities	12 Months Ended
	Dec. 31, 2023
Insurance [Abstract]
Policy Liabilities	Note 5—Policy Liabilities Future Policy Benefits and Claims Future policy benefits and claims represent the reserve for direct and assumed traditional life insurance policies and annuities in payout status. The annuities in payout status are certain structured settlement contracts. The policy liability for structured settlement contracts of $ 12,665 and $ 13,118 at December 31, 2023 and 2022, respectively, is computed as the present value of contractually-specified future benefits. The amount included in the policy liability for structured settlements that are life contingent at December 31, 2023 and 2022 , is $ 10,014 and $ 10,097 respectively. To the extent that unrealized gains on fixed maturity securities would result in a premium deficiency had those gains actually been realized, a premium deficiency reserve is recorded. A liability of $ 629 and $ 470 is included as part of the liability for structured settlements with respect to this deficiency at December 31, 2023 and 2022, respectively. The offset to this liability is recorded as a reduction of the unrealized capital gains included in AOCI. Participating life insurance in-force was 2.3 % and 3.9 % of the face value of total life insurance in-force at December 31, 2023 and 2022 , respectively.

Reinsurance

Reinsurance	12 Months Ended
	Dec. 31, 2023
Insurance [Abstract]
Reinsurance	Note 6—Reinsurance The Company uses reinsurance to mitigate exposure to potential losses, provide additional capacity for growth, and provide greater diversity of business. For ceded reinsurance, the Company remains liable to the extent that reinsuring companies may not be able to meet their obligations under the reinsurance agreements. To manage the risk from failure of a reinsurer to meet its obligations, the Company periodically evaluates the financial condition of all of its reinsurers. The reinsurance recoverable balances are stated net of allowances for credit losses. We have recorded claim amounts anticipated to be uncollectible of $ 0.2 million in 2023 and $ 0.1 million in 2022, respectively. In the first quarter 2022, Fidelity Life entered into a reinsurance contract with Swiss Re Life & Health America Inc. (Swiss Re). This new treaty is in addition to existing coinsurance agreements, largely with Swiss Re on certain policies issued through and including December 31, 2020. The impact of this transaction to our segment results included an initial ceded premium of $ 6.5 million based on the statutory reserves at January 1, 2022. The impact to pre-tax income at the initial sale date was nominal, however various income statement lines are impacted. See “Item 1 Reinsurance” in this form 10-K. On July 18, 2023, the Liquidation Order of Scottish Re was approved by the Delaware Court specifying the effective date of the liquidation as September 30, 2023. The Liquidation Order specifies that all reinsurance agreements of Scottish Re are cancelled effective September 30, 2023. Accordingly, ceded future policy benefits of $ 657 were taken down as of the effective date of the order. Amounts recoverable on paid claims of $ 1.4 million and $ 1.1 million as of December 31, 2023 and 2022, respectively have been evaluated for any further credit losses and all amounts recorded are expected to be collectible. Reinsurance recoverables are as follows: December 31, December 31, 2023 2022 Ceded future policy benefits $ 198,973 $ 173,904 Claims and other amounts recoverables 39,625 40,958 Ending balance $ 238,598 $ 214,862 The reconciliation of direct premiums to net premiums is as follows: Year Ended December 31, 2023 2022 Direct premiums $ 181,638 $ 174,600 Assumed premiums 35,871 45,637 Ceded premiums ( 120,670 ) ( 120,162 ) Net insurance premiums $ 96,839 $ 100,075 The reconciliation of direct, assumed and ceded amounts for life, annuity, and health claim benefits is as follows: Year Ended December 31, 2023 2022 Direct $ 126,937 $ 139,083 Assumed 19,990 20,459 Ceded ( 79,253 ) ( 92,040 ) Life, annuity, and health claim benefits $ 67,674 $ 67,502 Net policy charges on universal life products were $ 178 and $ 181 for the year ended December 31, 2023 and 2022, respectively, and are included in other income. At December 31, 2023 and December 31, 2022 reserves related to fixed-rate annuity deposits assumed from a former affiliate company amounted to approximately $ 62,665 and $ 69,070 , respectively, and are included with policyholder account balances in the Consolidated Balance Sheets.

Retirement and Executive Compen

Retirement and Executive Compensation Plans	12 Months Ended
	Dec. 31, 2023
Retirement Benefits [Abstract]
Retirement and Executive Compensation Plans	Note 7—Retirement and Executive Compensation Plans The Company sponsors a defined contribution 401(k) plan covering substantially all employees. For the years ended December 31, 2023 and 2022 , the Company’s expenses were $ 608 and $ 712 , respectively. These expenses were recorded as part of Operating costs and expenses in the Consolidated Statements of Operations.

Closed Block

Closed Block	12 Months Ended
	Dec. 31, 2023
Closed Block Disclosure [Abstract]
Closed Block	Note 8—Closed Block The Closed Block was formed at October 1, 2006 and contains all participating policies issued or assumed by Fidelity Life. The assets and future net cash flows of the Closed Block are available only for purposes of paying benefits, expenses and dividends of the Closed Block and are not available to the Company, except for an amount of additional funding that was established at the inception of the Closed Block. The additional funding was designed to protect the block against future experience, and if the funding is not required for that purpose, is subject to reversion to the Company in the future. Any reversion of Closed Block assets to the Company must be approved by the Illinois Department of Insurance (IDOI). In October 2011, the IDOI approved a reversion of a portion of the initial funding that the Company had determined was not required to fund the Closed Block. The carrying value of the assets transferred from the Closed Block on October 31, 2011, the date of transfer, was $ 4,397 . The assets and liabilities within the Closed Block are included in the Company’s consolidated financial statements on the same basis as other accounts of the Company. The maximum future earnings and accumulated other comprehensive income to be recognized from Closed Block assets and liabilities represent the estimated future Closed Block profits that will accrue to the Company and is calculated as the excess of Closed Block liabilities over Closed Block assets. Included in Closed Block assets are $ 11,143 and $ 10,792 at December 31, 2023 and 2022, respectively, of additional Closed Block funding, plus accrued interest, that is eligible for reversion to the Company if not needed to fund Closed Block experience. The Closed Block was funded based on a model developed to forecast the future cash flows of the Closed Block, which is referred to as the actuarial calculation. The actuarial calculation projected the anticipated future cash flows of the Closed Block as established at the initial funding. We compare the actual results of the Closed Block to expected results from the actuarial calculation as part of the annual assessment of the current level of policyholder dividends. The assessment of policyholder dividends includes projections of future experience of the Closed Block. The review of Closed Block experience also includes consideration of whether policyholder dividend obligations should be recorded to reflect favorable Closed Block experience that has not yet been reflected in the dividend scales. At December 31, 2023 and 2022 , the Company recognized policyholder dividend obligations of $ 9,636 and $ 9,515 , respectively, resulting from the excess of actual cumulative earnings over the expected cumulative earnings and from accumulated net unrealized investment gains that have arisen subsequent to the establishment of the Closed Block. Information regarding the Closed Block liabilities (assets) designated to the Closed Block is as follows: December 31, December 31, Closed Block Liabilities 2023 2022 Future policy benefits and claims $ 29,144 $ 29,382 Policyholder account balances 6,492 6,731 Other policyholder liabilities 5,207 5,298 Policyholder dividend obligations 9,636 9,515 Other liabilities 2,068 586 Total Closed Block liabilities 52,547 51,512 Assets Designated to the Closed Block Investments: Fixed maturities - available-for-sale (amortized cost $ 42,506 and 40,522 , respectively) 39,678 36,625 Policyholder loans 1,234 1,132 Total investments 40,912 37,757 Premiums due and uncollected 81 1,852 Accrued investment income 484 457 Reinsurance recoverables 14,739 13,885 Deferred income tax assets, net 4,100 4,263 Total assets designated to the Closed Block 60,316 58,214 Excess of Closed Block assets over liabilities 7,769 6,702 Amounts included in accumulated other comprehensive income: Unrealized investment loss (gains), net of income tax ( 2,234 ) ( 3,079 ) Total amounts included in accumulated other comprehensive income ( 2,234 ) ( 3,079 ) Maximum future earnings and accumulated other comprehensive income to 11,143 and $ 10,792 , respectively) $ ( 10,003 ) $ ( 9,781 ) Information regarding the policyholder dividend obligations is as follows: December 31, December 31, Policyholder Dividend Obligations 2023 2022 Beginning balance $ 9,515 $ 12,669 Impact from earnings allocable to policyholder dividend obligations 121 ( 165 ) Change in net unrealized investment gains (losses) allocated to policyholder — ( 2,989 ) Ending balance $ 9,636 $ 9,515 Information regarding the Closed Block revenues and expenses is as follows: Year Ended December 31, 2023 2022 Revenues Net insurance premiums $ 3,991 $ 3,073 Net investment income 1,788 1,666 Net Realized Investment Gains (Losses) 9 ( 1 ) Total revenues 5,788 4,738 Benefits and expenses Life and annuity benefits - including policyholder dividends 1,855 and $ 1,483 , respectively 5,077 4,994 Interest credited to policyholder account balances 165 169 Operating costs and expenses 265 ( 484 ) Total expenses 5,507 4,679 Revenues, net of expenses before provision for income tax 281 58 Income tax expense (benefit) 59 12 Revenues, net of expenses and provision for income tax $ 222 $ 46 The Company charges the Closed Block with federal income taxes and state and local premium taxes, policy maintenance costs and investment management expenses relating to the Closed Block, as provided in the Closed Block Memorandum. The following table presents the amortized cost and fair value of the Closed Block fixed maturity securities portfolio by contractual maturity at December 31, 2023. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties: Amortized Cost Fair Value Due in one year or less $ 4,057 $ 4,005 Due after one year through five years 3,656 3,675 Due after five years through ten years 7,330 7,105 Due after ten years 24,186 21,697 Securities not due at a single maturity date — primarily mortgage and asset- 3,277 3,196 Total fixed maturities $ 42,506 $ 39,678

Regulatory Matters

Regulatory Matters	12 Months Ended
	Dec. 31, 2023
Regulated Operations [Abstract]
Regulatory Matters	Note 9—Regulatory Matters Minimum Capital and Surplus Requirements Fidelity Life is required to comply with the provisions of state insurance statutes in the jurisdictions in which it does business. These statutes include minimum statutory capital and surplus requirements. At December 31, 2023 , Fidelity Life exceeded the minimum statutory capital and surplus level of $ 2,000 required by Illinois, its state of domicile. Risk-Based Capital Requirements The NAIC established a standard for assessing the solvency of insurance companies using a formula for determining each insurer’s risk-based capital (RBC). At December 31, 2023, the RBC of the Company’s insurance subsidiary, Fidelity Life, exceeded the levels at which certain regulatory corrective actions would be initiated. Dividend Limitations The maximum amount of dividends that can be paid by Illinois life insurance companies to shareholders without 30 days prior notice to the Director of the IDOI is the greater of (i) statutory net income for the preceding year or (ii) 10% of statutory surplus as of the preceding year-end. However, under State of Illinois insurance statutes, dividends may be paid only from surplus, excluding unrealized appreciation in value of investments without prior approval. All dividends paid by Fidelity Life must be reported to the IDOI prior to payment. Fidelity Life declared and paid $ 5,000 and zero dividends during the twelve months ended December 31, 2023 and 2022, respectively. In connection with the approval of the Conversion by the Director, the Company agreed, for a period of ‎ twenty-four months following the completion of the Conversion, to (i) seek the prior approval of the IDOI for any declaration of an ordinary dividend by Fidelity Life, and (ii) either maintain $ 20,000 of the proceeds of the IPO at Vericity, Inc. or use all or a portion of that $ 20,000 to fund Company operations.‎ Statutory Accounting Practices Fidelity Life prepares their statutory-basis financial statements in conformity with accounting practices prescribed or permitted by the IDOI. The IDOI requires that insurance companies domiciled in Illinois prepare their statutory-basis financial statements in accordance with the NAIC’s Accounting Practices and Procedures Manual, as modified by the IDOI. In addition, the IDOI has the right to permit other specific practices that may deviate from prescribed practices. Statutory Financial Information The statutory capital and surplus and net income for Fidelity Life, as determined in accordance with statutory accounting practices prescribed or permitted by the IDOI, at December 31, 2023 and 2022, and for the years ended December 31, 2023 and 2022, are as follows: At December 31, 2023 2022 Statutory capital and surplus Fidelity Life $ 94,349 $ 106,260 Year Ended December 31, 2023 2022 Statutory net income (loss) Fidelity Life $ 3,925 $ 1,282

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 10—Commitments and Contingencies Leases Minimum future operating lease payments, including lease payments for real estate, vehicles, computers and office equipment at December 31, 2023, are as follows: Year 2024 $ 588 2025 281 2026 240 2027 247 2028 254 2029 116 Total $ 1,726 Lease expense for the years ended December 31, 2023 and 2022 was $ 1,001 and $ 1,393 , respectively. Litigation The Company is subject to legal and regulatory actions in the ordinary course of its business. Management does not believe such litigation will have a material impact on the Company’s financial statements. The Company establishes accruals for litigation and regulatory matters when it is probable that a loss has been incurred and the amount of that loss can be reasonably estimated. For litigation and regulatory matters where a loss may be reasonably possible but not probable or, is probable but not reasonably able to be estimated, no accrual is established, but the matter, if material, is disclosed. The Company is not aware of any material legal or regulatory matters threatened or pending against the Company.

Assets and Liabilities Measured

Assets and Liabilities Measured at Fair Value	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value	Note 11—Assets and Liabilities Measured at Fair Value Fair value is the estimated price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company attempts to establish fair value as an exit price consistent with transactions taking place under normal market conventions. The Company utilizes market observable information to the extent possible and seeks to obtain quoted market prices for all securities. If quoted market prices in active markets are not available, the Company uses a number of methodologies to establish fair value estimates including discounted cash flow models, prices from recently executed transactions of similar securities, or broker/dealer quotes. Fair values for the Company’s fixed maturities are determined by management, utilizing prices obtained from third-party pricing services. Management reviews on an ongoing basis the reasonableness of the methodologies used by the pricing services to ensure prices received represent a reasonable estimate of fair value and to confirm representations regarding whether inputs are observable or unobservable. The main procedure the Company employs in fulfillment of this objective includes back-testing transactions, where past fair value estimates are compared to actual transactions executed in the market on similar dates. The Company’s assets and liabilities have been classified into a three-level hierarchy based on the priority of the inputs to the respective valuation technique. The hierarchy gives the highest ranking to fair values determined using unadjusted quoted prices in active markets for identical assets and liabilities (Level 1) and the lowest ranking to fair values determined using methodologies and models with unobservable inputs (Level 3). An asset’s or a liability’s classification is based on the lowest level input that is significant to its measurement. For example, a Level 3 fair value measurement may include inputs that are both observable (Level 1 and Level 2) and unobservable (Level 3). The levels of the fair value hierarchy are as follows: Level 1 – Unadjusted quoted prices for identical assets in active markets the Company can access. Level 1 assets include securities that are traded in an active exchange market. Level 2 – This level includes fixed maturity securities priced principally by independent pricing services using observable inputs other than Level 1 prices, such as quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments on inactive markets; and model-derived valuations for which all significant inputs are observable market data. Level 2 instruments include most corporate debt securities and U.S. government and agency mortgage-backed securities that are valued by models using inputs that are derived principally from or corroborated by observable market data. Level 3 – Valuations derived from valuation techniques in which one or more significant inputs are unobservable. Level 3 instruments include less liquid assets for which significant inputs are unobservable in the market, such as structured securities with complex features that require significant management assumptions or estimation in the fair value measurement. This hierarchy requires the use of observable market data when available. Certain assets and liabilities are not carried at fair value on a recurring basis, including investments such as mortgage loans, intangible assets, future policy benefits excluding term life reserves and policyholder account balances. Accordingly, such investments are only included in the fair value hierarchy disclosure when the investment is subject to re-measurement at fair value after initial recognition (for example, when there is evidence of impairment) and the resulting re-measurement is reflected in the consolidated financial statements at the reporting date. Recurring and Non-Recurring Fair Value Measurements The Company’s assets and liabilities that are carried at fair value on a recurring and non-recurring basis, by fair value hierarchy level, are as follows: December 31, 2023 Level 1 Level 2 Level 3 Total Fair Value Recurring fair value measurements Financial instruments recorded as assets: Fixed maturities U.S. government and agencies $ — $ 10,065 $ — $ 10,065 U.S. agency mortgage-backed — 6,718 — 6,718 State and political subdivisions — 69,726 493 70,219 Corporate and miscellaneous 2,258 136,688 26,351 165,297 Foreign government — 135 — 135 Residential mortgage-backed — 6,875 — 6,875 Commercial mortgage-backed — 20,388 — 20,388 Asset-backed — 30,428 3,258 33,686 Total fixed maturities 2,258 281,023 30,102 313,383 Total recurring assets $ 2,258 $ 281,023 $ 30,102 $ 313,383 December 31, 2022 Level 1 Level 2 Level 3 Total Fair Value Recurring fair value measurements Financial instruments recorded as assets: Fixed maturities U.S. government and agencies $ — $ 9,106 $ — $ 9,106 U.S. agency mortgage-backed — 8,878 — 8,878 State and political subdivisions — 55,782 442 56,224 Corporate and miscellaneous 2,847 126,644 26,990 156,481 Foreign government — 131 — 131 Residential mortgage-backed — 4,430 — 4,430 Commercial mortgage-backed — 19,462 — 19,462 Asset-backed — 40,293 3,133 43,426 Total fixed maturities 2,847 264,726 30,565 298,138 Total recurring assets $ 2,847 $ 264,726 $ 30,565 $ 298,138 Summary of Significant Valuation Techniques for Assets and Liabilities on a Recurring Basis Level 1 securities include preferred stocks classified as fixed maturities that are valued based on quoted market prices for identical assets. All the fair values of the Company’s fixed maturities within Level 2 are based on prices obtained from independent pricing services. All of the Company’s prices for each security are generally sourced from multiple pricing vendors, and a vendor hierarchy is maintained by asset type and region of the world, based on historical pricing experience and vendor expertise. The Company ultimately uses the price from the pricing service highest in the vendor hierarchy based on the respective asset type and region. For fixed maturities that do not trade on a daily basis, the pricing services prepare estimates of fair value measurements using their pricing applications which incorporate a variety of inputs including, but not limited to, benchmark yields, reported trades, broker/dealer quotes, issuer spreads, and U.S. Treasury curves. Specifically, for asset-backed securities, key inputs include prepayment and default projections based on past performance of the underlying collateral and current market data. Securities with validated quotes from pricing services are reflected within Level 2 of the fair value hierarchy, as they generally are based on observable pricing for similar assets or other market significant observable inputs. Level 3 fair value classification consists of investments in structured securities and privately placed securities where the fair value of the security is determined by a pricing service using internal pricing models where one or more of the significant inputs is unobservable in the marketplace, or there is a single broker/dealer quote. The fair value of a broker-quoted asset is based solely on the receipt of an updated quote from a single market maker or a broker-dealer recognized as a market participant. The fair value of Level 3 liabilities is estimated on the discounted cash flows of contractual payments. If the Company believes the pricing information received from third-party pricing services is not reflective of market activity or other inputs observable in the market, the Company may challenge the price through a formal process with the pricing service. Historically, the Company has not challenged or updated the prices provided by third-party pricing services. However, any such updates by a pricing service to be more consistent with the presented market observations, or any adjustments made by the Company to prices provided by third-party pricing services would be reflected in the balance sheet for the current period. When the inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement in its entirety. Thus, a Level 3 fair value measurement may include inputs that are observable (Level 1 or Level 2) and unobservable (Level 3). Net transfers into and/or out of Level 3 are reported as having occurred at the beginning of the period and are based on observable inputs received from pricing sources; therefore, all net realized and unrealized gains and losses on these securities for the period are reflected in the table that follows. A summary of changes in fair value of Level 3 assets held at fair value on a recurring basis is as follows: Total gains (losses) included in: Balance at January 1, 2023 Net Income OCI Purchases Sales Settlements Net Balance at December 31, 2023 Financial Assets Fixed maturities State and political subdivision $ 442 $ — $ 50 $ — $ — $ — $ — $ 492 Corporate and miscellaneous 26,991 ( 38 ) 74 2,982 ( 4,030 ) — 372 26,351 Asset-backed 3,133 106 182 658 ( 820 ) — — 3,259 Total assets $ 30,566 $ 68 $ 306 $ 3,640 $ ( 4,850 ) $ — $ 372 $ 30,102 Total gains (losses) included in: Balance at January 1, 2022 Net Income OCI Purchases Sales Settlements Net Balance at December 31, 2022 Financial Assets Fixed maturities State and political subdivisions $ 498 $ — $ ( 56 ) $ — $ — $ — $ — $ 442 Corporate and miscellaneous 24,740 2 ( 398 ) 3,198 ( 2,582 ) 1,468 563 26,991 Asset-backed 2,838 ( 122 ) ( 325 ) 1,907 ( 1,260 ) — 95 3,133 Total assets $ 28,076 $ ( 120 ) $ ( 779 ) $ 5,105 $ ( 3,842 ) $ 1,468 $ 658 $ 30,566 There were 3 transfers from Level 2 to Level 3 and 1 transfer from Level 3 to Level 2 in 2023. In 2022 , there were 2 transfers from Level 3 to Level 2 and 6 transfers from Level 2 to Level 3. Financial Instruments not Measured at Fair Value The carrying amount and estimated fair values of the Company’s financial instruments that are not measured at fair value on the Consolidated Balance Sheets are as follows: Estimated Fair Value December 31, 2023 Carrying Value Level 1 Level 2 Level 3 Total Financial instruments recorded as assets: Mortgage loans $ 40,534 $ — $ — $ 37,005 $ 37,005 Policyholder loans $ 7,149 $ — $ — $ 8,234 $ 8,234 Financial instruments recorded as liabilities: Future policy benefits, excluding term life reserves $ 16,307 $ — $ — $ 15,319 $ 15,319 Long/short-term debt $ 49,010 $ — $ — $ 51,927 $ 51,927 Policyholder account balances $ 70,726 $ — $ — $ 65,881 $ 65,881 Estimated Fair Value December 31, 2022 Carrying Value Level 1 Level 2 Level 3 Total Financial instruments recorded as assets: Mortgage loans $ 45,270 $ — $ — $ 41,622 $ 41,622 Policyholder loans $ 6,699 $ — $ — $ 7,722 $ 7,722 Financial instruments recorded Future policy benefits, excluding term $ 16,555 $ — $ — $ 15,192 $ 15,192 Long/short-term debt $ 37,189 $ — $ — $ 36,763 $ 36,763 Policyholder account balances $ 77,443 $ — $ — $ 70,157 $ 70,157 The following methods and assumptions were used to estimate the fair value of these financial assets and liabilities. Mortgage Loans —Fair value was based on the discounted value of future cash flows for all first mortgage loans adjusted for specific loan risk. The discount rate was based on the rate that would be offered for similar loans at the reporting date. Fair value excludes $ 1,098 and $ 1,952 of second and mezzanine mortgages carried at cost which fair value is not measurable at December 31, 2023 and 2022, respectively. Policyholder Loans —Fair value of policyholder loans are estimated using discounted cash flows using risk-free interest rates with no adjustment for borrower credit risk as these loans are fully collateralized by the cash value of the underlying insurance policy. Future Policy Benefits and Policyholder Account Balances —For deposit liabilities with interest rate guarantees greater than one year or with defined maturities, the fair value was estimated by calculating an average present value of expected cash flows over a broad range of interest rate scenarios using the current market risk-free interest rates adjusted for spreads required for publicly traded bonds issued by comparably rated insurers. For deposit liabilities with interest rate guarantees of less than one year, the fair value was based on the amount payable on demand at the reporting date. Long and Short-Term Debt —Fair value was calculated using the discounted value of future cash flows method. The discount rate was based on the rate that is commensurable to the level of risk. The carrying amounts reported on the Consolidated Balance Sheets has been divided into short and long-term based upon expected maturity dates.

Long and Short-Term Debt

Long and Short-Term Debt	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Long and Short-Term Debt	Note 12—Long and Short-Term Debt Commission Financing In 2022, Efinancial entered into a new commission financing arrangement and is taking new advances on this financing arrangement. Efinancial's ability to receive advances under this agreement will terminate when the aggregate amount advanced under the arrangement equals or exceeds $ 46,000 . At December 31, 2023 and December 31, 2022 , we had a net advance of $ 40,393 and $ 31,100 respectively, under this arrangement. At December 31, 2023, the Company expects to pay back the aggregate amounts as presented in the following table. December 31, 2023 Due in one year or less $ 9,249 Due after one year through two years 6,632 Due after two years through three years 6,175 Due after three years through four years 5,721 Due after four years through five years 5,221 Due after five years 40,252 Less discount ( 24,240 ) Total long/short-term debt $ 49,010 Federal Home Loan Bank of Chicago The Company is a member of the FHLBC. As a member, the Company is able to borrow on a collateralized basis from FHLBC which can be used as an alternative source of liquidity. The FHLBC membership requires the Company to own member stock. The Company held $ 270 and $ 180 of FHLBC common stock at December 31, 2023 and December 31, 2022 , respectively. The Company's ability to borrow under this facility is subject to the FHLBC's discretion and requires the availability of qualifying assets. In 2023 and 2022, the Company borrowed and repaid $ 21,000 and $ 4,000 , respectively. FHLBC common stock is classified in Other Invested Assets in the Consolidated Balance Sheet. As of December 31, 2023 and December 31, 2022 , the Company had no t pledged any assets and there were no outstanding borrowings.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2023
Equity, Attributable to Parent [Abstract]
Accumulated Other Comprehensive Income (Loss)	Note 13—Accumulated Other Comprehensive Income (Loss) Changes in Accumulated Other Comprehensive (Loss) Income, net of taxes are as follows: Net Unrealized Net Unrealized Total Balance at January 1, 2023 $ 362 $ ( 30,534 ) $ ( 30,172 ) Other comprehensive (loss) income Unrealized holding gains (losses) from changes in the market value of securities — 11,047 11,047 Impact on Policy benefit liabilities of changes in market value of securities — ( 159 ) ( 159 ) Change in net unrealized investment (losses) gains allocated to policyholder dividend obligations — — — Income tax (expense) benefit — ( 1,938 ) ( 1,938 ) Other comprehensive (loss) income, net of tax — 8,950 8,950 Balance at December 31, 2023 $ 362 $ ( 21,584 ) $ ( 21,222 ) Net Unrealized Net Unrealized Total Balance at January 1, 2022 $ 362 $ 10,567 $ 10,929 Other comprehensive (loss) income Unrealized holding (losses) gains from changes in the market value of securities — ( 59,600 ) ( 59,600 ) Impact on Policy benefit liabilities of changes in market value of securities — 5,934 5,934 Change in net unrealized investment gains (losses) allocated to policyholder dividend obligations — 2,989 2,989 Income tax benefit (expense) — 9,576 9,576 Other comprehensive (loss) income, net of tax — ( 41,101 ) ( 41,101 ) Balance at December 31, 2022 $ 362 $ ( 30,534 ) $ ( 30,172 ) (1) Due to the adoption of the measurement of credit losses on financial instruments accounting standard, realized capital losses previously reported as OTTI write-downs are now presented as credit losses; therefore OTTI is not presented in the 2023 table above.

Business Segments

Business Segments	12 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
Business Segments	Note 14—Business Segments Our Chief Operating Decision Maker makes decisions by analyzing our segment information. For internal decision-making purposes and external reporting purposes, we do not disaggregate revenue beyond our segment information and believe that any further disaggregation is immateria l. The Company’s current operations were organized into three reportable segments: Insurance, Agency, and Corporate & Other. The Insurance Segment is composed of three broad lines consisting of Direct Life, Closed Block, and Assumed Life and Annuities. Direct Life and the Closed Block are distinct operations; the assumed business and the small amount of structured settlements are all blocks in run-off from a prior management arrangement. The Agency Segment includes the insurance distribution operations of the Company and includes commission revenue from the sale of Fidelity Life products. The Corporate & Other Segment includes certain expenses that are corporate expenses or that will benefit the overall organization and are not allocated to a segment. All intercompany accounts and transactions have been eliminated in consolidation, including any profit or loss from the sale of Insurance Segment products through the Agency Segment. The segment results are as follows: Year Ended December 31, 2023 Year Ended December 31, 2022 Insurance Agency Corporate & Other Total Insurance Agency Corporate & Other Total Net insurance premiums $ 96,839 $ — $ — $ 96,839 $ 100,075 $ — $ — $ 100,075 Net investment income 16,305 — 308 16,613 15,556 — 480 16,036 Net realized investment gains (losses) (1) ( 2,143 ) — ( 364 ) ( 2,507 ) ( 590 ) — 263 ( 327 ) Earned commissions — 60,282 ( 345 ) 59,937 — 43,063 ( 429 ) 42,634 Other income 1,104 5,579 — 6,683 604 4,890 — 5,494 Total revenues 112,105 65,861 ( 401 ) 177,565 115,645 47,953 314 163,912 Life, annuity, and health claim benefits 70,312 — — 70,312 70,282 — — 70,282 Operating costs and expenses 31,341 64,417 8,393 104,151 34,572 56,648 6,535 97,755 Amortization of deferred policy 13,954 — — 13,954 18,443 — — 18,443 Total benefits and expenses 115,607 64,417 8,393 188,417 123,297 56,648 6,535 186,480 (Loss) income before income tax $ ( 3,502 ) $ 1,444 $ ( 8,794 ) $ ( 10,852 ) $ ( 7,652 ) $ ( 8,695 ) $ ( 6,221 ) $ ( 22,568 ) December 31, 2023 December 31, 2022 Insurance Agency Corporate & Other Total Insurance Agency Corporate & Other Total Investments and cash $ 367,746 $ 643 $ 3,084 $ 371,473 $ 358,620 $ 1,094 $ 3,862 $ 363,576 Commissions and agent balances 8,471 45,023 — 53,494 4,751 30,015 — 34,766 Deferred policy acquisition costs 88,076 — — 88,076 90,189 — — 90,189 Intangible assets — 1,635 — 1,635 — 1,635 — 1,635 Reinsurance recoverables net 238,598 — — 238,598 214,862 — — 214,862 Deferred income tax assets, net 19,195 — 13,201 32,396 13,489 — 14,948 28,437 Other 27,623 9,009 514 37,146 26,800 5,869 3,944 36,613 Total assets $ 749,709 $ 56,310 $ 16,799 $ 822,818 $ 708,711 $ 38,613 $ 22,754 $ 770,078 All the Company’s significant revenues and long-lived assets are located in the United States, which is the Company’s country of domicile.

Quarterly Financial Information

Quarterly Financial Information	12 Months Ended
	Dec. 31, 2023
Quarterly Financial Data [Abstract]
Quarterly Financial Information	Note 15—Quarterly Financial Information As a smaller reporting company, as defined by Rule 12b-2 of the Securities Exchange Act of 1934, as amended, and Item 10(f)(1) of Regulation S-K, the Company has elected to comply with certain scaled disclosure reporting obligations, and therefore is not required to provide the information required by Item 503(c) of Regulation S-K.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Note 16—Subsequent Events Management has evaluated subsequent events up to and including April 1, 2024, the date these Consolidated Financial Statements were issued and determined there were no reportable subsequent events.

Schedule I - Summary of Investm

Schedule I - Summary of Investments Other Than Investments in Related Parties	12 Months Ended
	Dec. 31, 2023
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Abstract]
Schedule I - Summary of Investments Other Than Investments in Related Parties	Vericity, Inc. Schedule I Summary of Investments Other Than Investments in Related Parties As of December 31, 2023 (dollars in thousands) Type of Investment Cost / Amortized Cost Fair Value Balance Sheet Fixed maturities: Bonds: U.S. government and agencies $ 10,188 $ 10,065 $ 10,065 U.S. agency mortgage-backed 7,173 6,718 6,718 State and political subdivisions 79,362 70,219 70,219 Corporate and miscellaneous 174,263 165,296 165,296 Foreign government 130 135 135 Residential mortgage-backed securities 7,302 6,875 6,875 Commercial mortgage-backed securities 22,043 20,388 20,388 Asset backed securities 35,681 33,686 33,686 Total fixed maturity securities 336,142 313,382 313,382 Mortgage loans 40,534 37,005 40,534 Policy loans 7,149 8,234 7,149 Other invested assets 2,966 2,364 2,364 Total investments $ 386,791 $ 360,985 $ 363,429

Schedule II - Condensed Financi

Schedule II - Condensed Financial Information of Registrant (Parent Company)	12 Months Ended
	Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract]
Schedule II - Condensed Financial Information of Registrant (Parent Company)	Vericity, Inc. Schedule I I Condensed Financial Information of Registrant (Parent Company) Statement of Operations As of and for the Years Ended December 31, 2023 and 2022 (dollars in thousands) For the Years Ended December 31, 2023 2022 Revenues Net investment income and (losses) gains $ ( 56 ) $ 786 Total revenues ( 56 ) 786 Expenses Operating costs and expenses 7,853 5,650 Total expenses 7,853 5,650 (Loss) Income before income taxes ( 7,909 ) ( 4,864 ) Income tax (benefit) expense ( 607 ) ( 298 ) Net (loss) income before equity in net loss of subsidiary ( 7,302 ) ( 4,566 ) Equity in net (loss) of subsidiary ( 2,591 ) ( 15,894 ) Net (loss) income ( 9,893 ) ( 20,460 ) Equity in other comprehensive income of subsidiary 8,950 ( 41,101 ) Total comprehensive (loss) income $ ( 943 ) $ ( 61,561 ) See footnotes to the condensed financial statements. Vericity, Inc. Schedule II (Continued) Condensed Financial Information of Registrant (Parent Company) Statement of Financial Position (dollars in thousands) For the Years Ended December 31, 2023 2022 Assets Investment in subsidiaries $ 104,889 $ 98,168 Fixed maturities - available-for-sales - at fair value (amortized cost; $ 2,871 and $ 2,563 ) 2,871 2,563 Other invested assets - 818 Cash, cash equivalents and restricted cash 153 419 Inter-company receivables 301 8,433 Current income tax receivable 2,085 1,477 Other assets 514 635 Total assets 110,813 112,513 Liabilities and Shareholders' Equity Liabilities: Other liabilities 600 1,170 Total liabilities 600 1,170 Shareholders' Equity Common stock, $ .001 par value, 30,000,000 shares authorized, 14,875,000 shares, issued and outstanding 15 15 Additional paid-in capital 39,840 39,840 Retained earnings 91,580 101,660 Accumulated other comprehensive (loss) income ( 21,222 ) ( 30,172 ) Total shareholders' equity 110,213 111,343 Total liabilities and shareholders' equity $ 110,813 $ 112,513 See footnotes to the condensed financial statements. Vericity, Inc. Schedule II (Continued) Condensed Financial Information of Registrant (Parent Company) Statement of Cash Flows (dollars in thousands) For the Years Ended December 31, 2023 2022 Cash flows from operating activities Net (loss) income $ ( 9,893 ) $ ( 20,460 ) Adjustments to reconcile net income to net cash provided (used) by operations: Equity in earnings of subsidiaries 2,591 15,894 Net investment (gains) losses 364 ( 263 ) Accretion of bond discount ( 308 ) ( 462 ) Change in: Due to subsidiaries 7,582 ( 1,338 ) Accrued investment income — — Other liabilities ( 570 ) ( 874 ) Other assets 121 120 Income tax ( 607 ) 136 Net cash used by operating activities ( 720 ) ( 7,247 ) Cash flows from investing activities Purchases of fixed maturities — ( 228 ) Sales of other invested assets 454 — Sales of fixed maturities — 4,010 Net cash provided (used) by investing activities 454 3,782 Cash flows from financing activities Net cash flows provided by financing — — Net (decrease) increase in cash and cash equivalents ( 266 ) ( 3,465 ) Cash, cash equivalents and restricted cash - beginning of period 419 3,884 Cash, cash equivalents and restricted cash - end of period $ 153 $ 419 See footnotes to the condensed financial statements. Vericity, Inc. Schedule II (Continued) Notes to Condensed Financial Information of Registrant Note 1—General Pu rsuant to rules and regulations of the SEC, the unconsolidated condensed financial statements of the Parent Company do not reflect all of the information and notes normally included with financial statements prepared in accordance with GAAP. Therefore, these condensed financial statements of the Registrant should be read in conjunction with the consolidated financial statements and notes thereto included in Item 8.

Schedule III - Supplementary In

Schedule III - Supplementary Insurance Information	12 Months Ended
	Dec. 31, 2023
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Abstract]
Schedule III - Supplementary Insurance Information	Schedule III Supplementary Insurance Information As of and for the Years Ended December 31, 2023 and 2022 (dollars in thousands) Segment Deferred Future Other Net Insurance Premiums Net Benefits, Amortization Other 2023 Insurance $ 88,076 $ 502,464 $ 121,812 $ 96,839 $ 16,305 $ 70,312 $ 13,954 $ 31,341 Agency — — — — — — — 64,417 Corporate & other — — — — 308 — — 8,393 Total $ 88,076 $ 502,464 $ 121,812 $ 96,839 $ 16,613 $ 70,312 $ 13,954 $ 104,151 2022 Insurance $ 90,189 $ 453,763 $ 134,444 $ 100,075 $ 15,556 $ 70,282 $ 18,443 $ 34,572 Agency — — — — — — — 56,648 Corporate & other — — — — 480 — — 6,535 Total $ 90,189 $ 453,763 $ 134,444 $ 100,075 $ 16,036 $ 70,282 $ 18,443 $ 97,755

Schedule IV - Reinsurance

Schedule IV - Reinsurance	12 Months Ended
	Dec. 31, 2023
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Abstract]
Schedule IV - Reinsurance	Vericity, Inc. Schedule IV Reinsurance As of and for the Years Ended December 31, 2023 and 2022 (dollars in thousands) Gross Ceded to Assumed Net Percentage 2023 Life insurance face amount in-force (millions) $ 40,967 $ 36,415 $ 2,564 $ 7,116 36.0 % Premiums Life insurance $ 181,035 $ 120,537 $ 35,871 $ 96,369 37.2 % Accident and health 603 133 — 470 0.0 % Total premiums $ 181,638 $ 120,670 $ 35,871 $ 96,839 37.0 % 2022 Life insurance face amount in-force (millions) $ 35,139 $ 33,815 $ 3,188 $ 4,512 70.7 % Premiums Life insurance $ 173,944 $ 120,015 $ 45,637 $ 99,566 45.8 % Accident and health 656 147 — 509 0.0 % Total premiums $ 174,600 $ 120,162 $ 45,637 $ 100,075 45.6 %

Schedule V - Valuation and Qual

Schedule V - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2023
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule V - Valuation and Qualifying Accounts	Vericity, Inc. Schedule V Valuation and Qualifying Accounts For the Years Ended December 31, 2023 and 2022 (dollars in thousands) Additions Balance at Charged to Other Deductions Balance at 2023 Allowance for losses on commercial mortgage $ 83 $ 253 $ 237 $ — $ 573 Allowance for uncollectible receivables 464 39 — — 503 Valuation allowance on deferred tax asset 24,426 2,559 ( 348 ) — 26,637 $ 24,973 $ 2,851 $ ( 111 ) $ — $ 27,713 2022 Allowance for losses on commercial mortgage $ 69 $ 14 $ — $ — $ 83 Allowance for uncollectible receivables 581 — — 117 464 Valuation allowance on deferred tax asset 20,059 3,301 1,066 — 24,426 $ 20,709 $ 3,315 $ 1,066 $ 117 $ 24,973

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Description of Business	Description of Business On October 3, 2023, the Company, announced that it entered into an Agreement and Plan of Merger (the “Merger Agreement”), by and among the Company, iA American Holdings Inc. (“iA” or “Parent”), Long Grove Acquisition Corp., a wholly owned subsidiary of Parent (“Merger Sub”), and, solely for purposes of Section 6.03 and Article IX thereof, iA Financial Corporation, Inc. (“Guarantor”). On the terms and subject to the conditions of the Merger Agreement, including receipt of approval from the Illinois Department of Insurance, at the closing, Merger Sub will merge with and into the Company (the “Merger”), with the Company continuing as the surviving entity, which will become a wholly-owned subsidiary of Parent. The time that the Merger becomes effective is referred to as the “Effective Time.” The Merger was unanimously approved by the Company’s board of directors. As a result of the Merger, each share of Common Stock outstanding immediately prior to the Effective Time (subject to certain exceptions, including shares of Common Stock owned by stockholders of the Company who have not voted in favor of the adoption of the Merger Agreement and have properly exercised appraisal rights in accordance with Section 262 of the General Corporation Law of the State of Delaware) will, at the Effective Time, automatically be converted into the right to receive $ 11.43 in cash, without interest and subject to applicable withholding taxes (the “Merger Consideration”). The aggregate equity value of the Common Stock acquired by Parent will be approximately $ 170 million. If the Merger is consummated, the Company’s Common Stock will be de-listed from The Nasdaq Capital Market and de-registered under the Securities Exchange Act of 1934, as amended. On October 3, 2023, the Company issued a Form 8-K and press release announcing the execution of the Merger Agreement and the Form 8-K is incorporated into this filing by reference. As of the date of this filing, the Company is awaiting the Illinois Department of Insurance approval of the transaction. No other regulatory approvals remain outstanding. The Merger is expected to close during the second quarter of 2024. The Company operates as a holding company and currently has no other business operations. Fidelity Life is an Illinois- domiciled life insurance company that was founded in 1896. Fidelity Life markets life insurance products through independent and affiliated distributors and is licensed in the District of Columbia and all states, except New York and Wyoming. Efinancial markets life and other products for non-affiliated insurance companies and sells life products for Fidelity Life. The accompanying consolidated financial statements present the accounts of the Company and subsidiaries at December 31, 2023 and December 31, 2022, and for the years ended December 31, 2023 and 2022 .
Basis of Presentation	Basis of Presentation These consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). All intercompany accounts and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Unconsolidated Variable Interest Entities	Unconsolidated Variable Interest Entities In the normal course of investing activities, the Company enters into relationships with variable interest entities (VIEs), as an investor in limited partnership interests and asset-backed securities. The Company is not the primary beneficiary of these VIEs, and therefore does not consolidate them. The Company determines whether it is the primary beneficiary of a VIE based on a qualitative assessment of the relative power and benefits of the Company and the other participants in the VIE. The Company’s maximum exposure to loss with respect to these investments is limited to the investment carrying values included in the Company’s Consolidated Balance Sheets and any unfunded commitments.
Fixed Maturities	Fixed Maturities Fixed maturities classified as available-for-sale are reported at fair value. Changes in fair value are reported as unrealized gains or losses as discussed below. Fixed maturities include bonds, residential mortgage-backed securities, commercial mortgage-backed securities and asset-backed securities. Unrealized gains and losses on available-for-sale fixed maturity securities are reported as a component of accumulated other comprehensive income (AOCI), net of applicable deferred income taxes. Fair value is based on quoted market prices, when available. When quoted market prices are not available, fair value is estimated by discounting fixed maturity securities cash flows to reflect interest rates currently being offered on similar terms to borrowers of similar credit quality, by quoted market prices of comparable instruments, and by independent pricing sources. See "Note 11– Assets and Liabilities Measured at Fair Value" for further discussion on inputs and assumptions used to estimate fair value.
Mortgage Loans	Mortgage Loans Mortgage loans are held on commercial real estate and are stated at the aggregate unpaid principal balances, net of any write-downs and valuation allowances. The Company identifies loans for evaluation of impairment primarily based on the collection experience of each loan. Mortgage loans are considered impaired when, based on current information and events, it is probable that the Company will be unable to collect principal or interest amounts according to the contractual terms of the loan agreement. Impairment is measured on a loan-by-loan basis based on the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral. Impairments are included in net gains (losses) on investments in the Consolidated Statements of Operations. Interest income from mortgage loans is recognized on an accrual basis using the effective yield method. Accrual of income is generally suspended for mortgage loans that are in default or when full and timely collection of principal and interest payments is not probable.
Short Term Investments	Short-Term Investments Short-term investments include highly liquid securities and other investments with remaining maturities of one year or less, but greater than three months from the date of purchase. Securities included within short-term investments are classified as available-for-sale and are reported at fair value. Changes in fair value are reported as unrealized gains or losses and are a component of AOCI, net of applicable deferred income taxes. Fair value is based on quoted market prices, when available. When quoted market prices are not available, fair value is estimated by discounting fixed maturity securities cash flows to reflect interest rates currently being offered on similar terms to borrowers of similar credit quality, by quoted market prices of comparable instruments, and by independent pricing sources. See “Note 11–Assets and Liabilities Measured at Fair Value” for further discussion on inputs and assumptions used to estimate fair value.
Policyholder Loans	Policyholder Loans Policyholder loans are carried at the aggregate of the unpaid balance. Interest income on such loans is recorded as earned in net investment income using the contractually agreed-upon interest rate.
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash Cash and cash equivalents include cash on hand, amounts due from banks and highly liquid investments that are both readily convertible into known amounts of cash and have maturities of three months or less at the time of acquisition such that they present insignificant risk of changes in value due to changing interest rates and lack of credit exposure. The carrying value of these securities approximates their fair value.
Reinsurance	Reinsurance The Company enters into reinsurance agreements to diversify risk and limit its overall financial exposure. Although these reinsurance agreements contractually obligate the reinsurers to reimburse the Company, they do not discharge the Company from its primary liability and obligation to policyholders. Risk transfer criteria are reviewed for each reinsurance contract to determine if the contract will be accounted for as reinsurance or under the deposit method of accounting. The Company estimates the amount of allowances for credit losses on reinsurance recoverables based on periodic evaluations of balances due from reinsurers, reinsurer solvency, and management’s experience. Changes in the allowances for credit losses are presented as a component of life, annuity, and health claim benefits in the Consolidated Statements of Operations. Amounts owed by reinsurers are considered past due based on the terms of the reinsurance contract. Reinsurance recoverables and any related allowance are written off after collection efforts have been exhausted or a negotiated settlement is reached with the reinsurer.
Deferred Policy Acquisition Costs	Deferred Policy Acquisition Costs (DAC) Incremental direct costs of acquiring new business, principally commissions on sales, underwriting, policy issuance and processing, and medical inspection costs, are deferred for successfully placed contracts. DAC for the life insurance business is amortized over the life of the business; for traditional life products, the DAC is amortized as a level percentage of gross premiums. For immaterial blocks, a simplified approach was taken. There was no remaining DAC on the assumed block or on the deferred annuities.
Intangible Assets	Intangible Assets Impairment testing may be performed when events or changes in circumstances indicate that the carrying amount of the intangible assets may not be recoverable. Intangible assets are tested for impairment based on undiscounted cash flows, which requires the use of estimates and judgment, and, if impaired, are written down to fair value based on discounted cash flows. For years ended December 31, 2023 and December 31, 2022 , we have no t recorded an impairment of intangible assets.
Future Policy Benefits, Policyholder Account Balances, and Other Policyholder Liabilities	Future Policy Benefits, Policyholder Account Balances, and Other Policyholder Liabilities Future policy benefits represent the reserve for traditional life insurance policies and annuities in payout status. Reserves for traditional life insurance policies are computed using the net level premium method on the basis of actuarial assumptions at the issue date of the contracts, including mortality, policy lapse assumptions, and rates of interest. The reserves for annuities in payout status (structured settlements) represent the present value of assumed future payments based on contract terms for the future payouts and can include assumptions for mortality. To the extent that unrealized gains on available-for-sale fixed maturity securities would result in a premium deficiency had those gains actually been realized, an adjustment is recorded net of tax as a (decrease) increase of unrealized capital gains included in AOCI. For years ended December 31, 2023 and 2022 , this adjustment, net of tax, was $ 125 and ($ 4,687 ), respectively. A premium deficiency exists if the discounted present value of future gross premiums is not sufficient to cover anticipated future cash outflows. To assess the adequacy of our benefit reserves, we annually perform premium deficiency testing for each of our lines of business using best estimate assumptions as of the date of the test without provision for adverse deviation. If benefit reserves minus the DAC asset are less than the present value of future cash flows on the line of business, then first the DAC asset will be reduced. If reducing the DAC asset down to zero is still not sufficient to eliminate the premium deficiency, then benefit reserves will be increased. Recognizing a premium deficiency will reduce our reported net income or increase our reported loss, for the period. In connection with our premium deficiency testing on our most significant business lines, we performed sensitivity analyses on our Core Life, Non-Core Life, Closed Block, and annuities and assumed life business lines to capture the effect that certain key assumptions have on expected future cash flows, and the impact of those assumptions on the adequacy of DAC balances and GAAP benefit reserves. The sensitivity tests are performed independently, without consideration for any correlation among the key assumptions. Policyholder account balances include the liability for assumed deferred annuity and universal life contracts and the liabilities for policyholder dividends and death benefits on life insurance contracts that have been left on deposit with the Company. These liabilities represent the account value of the policyholder as there are no other benefits due. This liability is equal to the balance that accrues to the benefit of the policyholder, which includes the accumulation of deposits, plus interest credited, less withdrawals. Other policyholder liabilities include the amounts estimated for claims that have been reported but not settled and estimates for claims incurred but not reported.
Long and Short-Term Debt	Long and Short-Term Debt Debt represents upfront commission payments received on certain term life products that are to be repaid as level commissions over the life of the underlying policies issued. The debt liability is accounted for under the interest method, which requires the imputation of interest resulting in the recognition of a discount as the difference between the cash payments received and the level commissions expected to be repaid based on current policy lapse assumptions. Under the interest method, the discount is amortized as interest expense over the period that level commissions are repaid resulting in a constant rate of interest when applied to the amount outstanding at the beginning of any given period. The amount to be repaid as level commissions are dependent on the level of expected policy lapses assumed for the underlying commissions financed; therefore, the debt liability may be adjusted in periods where revisions to policy lapse assumptions are made, which may result in the recognition of a gain or loss.
Shareholders' Equity - Common Stock	Shareholders' Equity - Common Stock Apex Holdco ‎L.P., an affiliate of J.C. Flowers IV L.P., a private equity fund advised by J.C. Flowers & Co. ‎LLC, pursuant to a standby stock purchase agreement under which Apex Holdco L.P. agreed to act as the standby purchaser for the IPO (“Standby Purchaser”). ‎ As a result, the Standby Purchaser owns approximately 76.5 % of the issued and outstanding shares of Vericity, Inc. common stock
Income Taxes	Income Taxes The current receivable for federal income tax is recognized based on the estimated amounts to be reflected on the filed tax returns. Federal income tax expense or benefit is recognized based on amounts reported in the consolidated financial statements and using the applicable current federal income tax rate. Income taxes are allocated to operations and other comprehensive (loss) income based on the source of the taxable event. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effects of changes in tax rates or laws are recognized in the period that includes the enactment date. If necessary, a valuation allowance is established to reduce the carrying amount of deferred tax assets to amounts that are more likely than not to be realized. See “Note 4 – Income Taxes” for further details.
Revenue Recognition	Revenue Recognition Life and health insurance contract premiums are recognized as income when due from policyholders. Deposits on deposit-type contracts are entered directly as a liability when cash is received. Commission revenue from the sale of insurance products by Efinancial is recognized once the insurance policy is issued by the insurance company and accepted by the customer (policy placement) and recorded as commission receivable, net of any advances received. Provision is made for commission revenue that, based on experience, will ultimately not be earned due to the customer discontinuing the underlying insurance policy. Commission revenue that Efinancial earns from the sale of insurance products where Efinancial acts as the general agent and utilizes a sub-agent to sell the policy (wholesale distribution) is recorded net of related commission expense paid to the writing agency. Efinancial commissions earned for the sale of Fidelity Life products, where Efinancial is acting in the capacity as a sub-agent, are not eliminated, primarily related to the agreement with AmeriLife in which services under the agency and sub-agency agreements are distinct from one another. Our primary revenue-generating arrangements that are within the scope of Accounting Standards Codification (ASC) 606 are our brokerage arrangements associated with selling an insurance policy where Efinancial is either acting in the capacity of a general agent and selling directly to the insurance carrier, or acting as a sub-agent under general agency agreement. In these arrangements, our customer is the insurance carrier and we have a single performance obligation to place a policy for the insurance carrier. Our performance obligation is satisfied at the point in time when the policy is placed, which is the point in time when the customer obtains control over the policy and has the right to use and obtain the benefits from the policy. In these arrangements, depending on the number of years the policy is in-force, a majority of our consideration is received in the first year. In addition to the first-year consideration, depending on the specific carrier and product involved, we may also be entitled to renewal commissions over the period of time the policy remains in-force. Our consideration is variable based on the amount of time we estimate a policy will remain in-force. We estimate the amount of variable consideration that we expect to receive based on our historical experience or carrier experience to the extent available, industry data and our expectations as to future persistency rates. Additionally, we consider application of the constraint and only recognize the amount of variable consideration that we believe is probable to be received and will not be subject to a significant revenue reversal. We monitor and update this estimate at each reporting date. Because we recognize revenue prior to being entitled to the payment for these renewal commissions, we recognize a contract asset. We have determined that any contract costs (e.g., costs to obtain or costs to fulfill) related to our brokerage arrangements are immaterial. Insurance lead sales include the sale of potential life insurance customer leads to outside parties including agencies and unaffiliated insurers. Sales of leads are recorded at the time the lead data is sold to the customer and recorded as a receivable, net of allowance for returns.
Net Investment Income and Net Gains (Losses) on Investments	Net Investment Income and Net Gains (Losses) on Investments Net investment income consists primarily of interest and dividends. Interest is recognized on an accrual basis and reflects amortization of premiums and accretion of discounts on an effective yield basis, based on expected cash flows. Dividends are recorded on the ex-dividend date. Net gains (losses) on investments, resulting from sales or calls of investments and representing the difference between the net proceeds and the carrying value of investments sold, are determined on a specific identification basis. Net gains (losses) on investments are also recognized when there are write-downs from impairments and changes in the allowance for credit losses. Changes in value reported for investments accounted for using the equity method of accounting are classified within net gains (losses) on investments. The Company regularly reviews its fixed income portfolio to identify and evaluate whether a security may require a credit loss allowance. For each fixed income security in an unrealized loss position, the Company assesses whether management with the appropriate authority has made the decision to sell or whether it is more likely than not the Company will be required to sell the security before recovery of the amortized cost basis for reasons such as liquidity, contractual or regulatory purposes. If a security meets either of these criteria, any existing credit loss allowance would be written-off against the amortized cost basis of the asset along with any remaining unrealized losses, with incremental losses recorded in earnings. For all other securities in an unrealized loss position in which the Company does not expect to recover the entire amortized cost basis, the security is deemed to have a credit loss.
Policyholder Dividend Obligations	Policyholder Dividend Obligations Dividends payable to policyholders are determined annually based on the experience of the Closed Block policies and are payable only upon declaration by the Board of Directors of Fidelity Life. At December 31, 2023 and 2022 , a provision has been made for dividends expected to be paid in the following calendar year of $ 1,536 and $ 1,236 , respectively. The provision is recorded in other policyholder liabilities in the Consolidated Balance Sheets. The Company also establishes a policyholder dividend obligation when cumulative actual earnings of the Closed Block are in excess of the cumulative expected earnings that were determined at the inception of the Closed Block. See “Note 8 – Closed Block” for further discussion.
Recently Issued and Adopted Accounting Pronouncements	Recently Issued and Adopted Accounting Pronouncements Pursuant to the Jumpstart Our Business Startups Act (“JOBS Act”), an emerging growth company is provided the option to adopt new or revised accounting standards that may be issued by the Financial Accounting Standards Board (FASB) or the SEC either (i) within the same periods as those otherwise applicable to non-emerging growth companies or (ii) within the same time periods as private companies. The Company has elected to use the extended transition period for complying with any new or revised financial accounting standards. Accordingly, the information contained herein may be different than the information you receive from other public companies. We also intend to continue to take advantage of some of the reduced regulatory and reporting requirements of emerging growth companies pursuant to the JOBS Act so long as we qualify as an emerging growth company, including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404(b) of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation, and exemptions from the requirements of holding non-binding advisory votes on executive compensation and golden parachute payments. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments— Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments . The new guidance requires that Other-Than-Temporary Impairment (OTTI) on a debt security will be recognized as an allowance going forward, such that improvements in expected future cash flows after an impairment will no longer be reflected as a prospective yield adjustment through net investment income, but rather a reversal of the previous impairment and recognized through net gains (losses) on investments. The guidance also requires enhanced disclosures. In March 2022, the FASB issued ASU 2022-02 – Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructuring and Vintage Disclosure. This ASU was issued to eliminate the troubled debt restructuring recognition and measurement guidance for creditors that have adopted the current expected credit loss guidance while enhancing disclosure requirements for certain loan refinancing and restructurings by creditors when a borrower is experiencing financial difficulty. The Company has assessed the impact of ASU 2016-13 and has established an additional alllowance for credit losses on our mortgage portfolio of $ 237 . The tax effected amount of $ 187 is reflected in the beginning of year equity as a cumulative effect adjustment from changes in accounting guidance, net of tax. The Company has also assessed fixed maturities - available-for-sale, reinsurance recoverables and commissions and agent balances and determined no additional allowance for credit losses is needed. We also adopted the required disclosures within Note 2 Investments, Note 6 Reinsurance, Note 13 Accumulated Other Comprehensive Income and Note 14 Business Segments. Due to the adoption of the measurement of credit losses on financial instruments accounting standard, prior change in valuation allowance is now presented as a change in allowance for credit losses. In August 2018, the FASB issued ASU No. 2018-12, Targeted Improvements to the Accounting for Long-Duration Insurance Contracts (Topic 944). The FASB amends the accounting model under GAAP for certain long-duration insurance contracts and requires insurers to provide additional disclosures in annual and interim reporting periods. The amendments are aimed at improving the following four key areas of financial reporting: measurement of the liability for future policy benefits related to non-participating traditional and limited-payment contracts, measurement and presentation of market risk benefits, amortization of deferred acquisition costs (DAC), and presentation and disclosures. The Company expects the impact to be material and is in the process of quantifying the impact of this standard. In November 2020, the FASB issued ASU 2020-11— Financial Services—Insurance (Topic 944): Effective Date and Early Application . This ASU was issued to provide additional time for implementation of ASU 2018-12 by deferring the effective date by one year. For smaller reporting companies, this update is effective for fiscal years beginning after December 15, 2024 and interim periods within fiscal years beginning after December 15, 2025. In December 2022, FASB issued ASU 2022-05 — Financial Services—Insurance (Topic 944): Transition for Sold Contracts. This ASU introduced an optional accounting policy election under which the insurer can choose not to apply the amendments made by ASU 2018-12 to certain contracts that are derecognized as a result of a sale or disposal before the effective date of ASU 2018-12. Insurers that make this policy election would also be subject to additional disclosure requirements. In November 2023, the FASB issued ASU 2023-07, Segment Reporting:Improvements to Reportable Segment Disclosures (Topic 280) . The primary objective of ASU 2023-07 is to enhance the reportable segment disclosures provided by entities in their financial statements. It aims to improve transparency and usefulness of information related to an entity’s reportable operating segments. Entities must disclose significant segment expenses that are regularly provided to the chief operating decision maker (CODM). The disclosures include: (i) General Information: Description of the nature of the segments, products, and services. (ii) Segment Profit or Loss: Revenue, operating profit or loss, and other relevant financial information for each segment. (iii) Segment Assets: Total assets for each segment. (iv) Measurement Criteria: Explanation of how segment profit or loss is measured. ASU 2023-07 will be effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. The Company is evaluating the impact of the guidance on its annual disclosures.

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of Fixed Maturities	The amortized cost, gross unrealized gains, gross unrealized losses, and fair value net of allowances for credit losses are included in accumulated other comprehensive income (AOCI) of fixed maturities available-for-sale are as follows: December 31, 2023 Fixed maturities Amortized Unrealized Unrealized Fair U.S. government and agencies $ 10,188 $ 365 $ ( 488 ) $ 10,065 U.S. agency mortgage-backed 7,173 61 ( 516 ) 6,718 State and political subdivisions 79,362 347 ( 9,490 ) 70,219 Corporate and miscellaneous 174,263 2,733 ( 11,700 ) 165,296 Foreign government 130 5 — 135 Residential mortgage-backed 7,302 96 ( 523 ) 6,875 Commercial mortgage-backed 22,043 23 ( 1,678 ) 20,388 Asset-backed 35,681 86 ( 2,081 ) 33,686 Total fixed maturities $ 336,142 $ 3,716 $ ( 26,476 ) $ 313,382 December 31, 2022 Fixed maturities Amortized Unrealized Unrealized Fair OTTI (1) U.S. government and agencies $ 9,258 $ 349 $ ( 501 ) $ 9,106 $ — U.S. agency mortgage-backed 9,429 63 ( 614 ) 8,878 — State and political subdivisions 68,213 26 ( 12,015 ) 56,224 — Corporate and miscellaneous 171,283 1,473 ( 16,275 ) 156,481 — Foreign government 130 1 — 131 — Residential mortgage-backed 4,912 140 ( 622 ) 4,430 ( 709 ) Commercial mortgage-backed 21,374 2 ( 1,914 ) 19,462 — Asset-backed 47,347 5 ( 3,926 ) 43,426 — Total fixed maturities $ 331,946 $ 2,059 $ ( 35,867 ) $ 298,138 $ ( 709 ) (1) Due to the adoption of the measurement of credit losses on financial instruments accounting standard, realized capital losses previously reported as OTTI write-downs are now presented as credit losses; therefore OTTI is not presented in the 2023 table above.
Schedule of Amortized Cost and Fair Value of Fixed Maturities by Contractual Maturity	The amortized cost and fair value of fixed maturities by contractual maturity, are presented in the following table: December 31, 2023 Amortized Fair Due in one year or less $ 7,754 $ 7,670 Due after one year through five years 37,576 36,830 Due after five years through ten years 74,512 71,313 Due after ten years 144,102 129,902 Securities not due at a single maturity date — primarily mortgage and asset-backed 72,198 67,667 Total fixed maturities $ 336,142 $ 313,382
Schedule of Mortgage Loan Holdings Diversified by Geography and Property	Mortgage loan holdings are diversified by geography and property type as follows: December 31, 2023 December 31, 2022 Gross Carrying % of Total Gross Carrying % of Total Property Type: Retail $ 12,812 31.2 % $ 13,866 30.6 % Office 10,635 25.9 % 11,115 24.5 % Industrial 7,476 18.2 % 8,138 17.9 % Mixed use 4,798 11.7 % 5,249 11.6 % Apartments 2,077 5.0 % 2,796 6.2 % Medical office 2,423 5.9 % 3,053 6.7 % Other 886 2.1 % 1,136 2.5 % Gross carrying value of mortgage loans 41,107 100.0 % 45,353 100.0 % Credit loss allowance (1) ( 573 ) ( 83 ) Net carrying value of mortgage loans $ 40,534 $ 45,270 December 31, 2023 December 31, 2022 Gross Carrying % of Total Gross Carrying % of Total U.S. Region: West South Central $ 10,038 24.3 % $ 11,608 25.6 % East North Central 12,184 29.6 % 12,320 27.2 % South Atlantic 8,046 19.6 % 8,815 19.4 % West North Central 2,328 5.7 % 2,871 6.3 % Mountain 2,560 6.2 % 2,824 6.2 % Middle Atlantic 1,986 4.8 % 2,310 5.1 % East South Central 3,519 8.7 % 3,661 8.1 % New England — 0.0 % 34 0.1 % Pacific 446 1.1 % 910 2.0 % Gross carrying value of mortgage loans 41,107 100.0 % 45,353 100.0 % Credit loss allowance (1) ( 573 ) ( 83 ) Net carrying value of mortgage loans $ 40,534 $ 45,270 (1) Due to the adoption of the measurement of credit losses on financial instruments accounting standard, the valuation allowance in 2022 is now presented as an allowance for expected credit losses in 2023.
Schedule of Changes in Valuation Allowance for Commercial Mortgage Loans	The changes in the allowances for credit losses (includes $ 237 related to adoption of ASU 2016-13) for commercial mortgage loans were as follows: Year Ended December 31, 2023 Year Ended December 31, 2022 Beginning balance $ 83 $ 69 Net increase in allowances for credit losses related to change in accounting standards (See Note 1) 237 — Net increase (decrease) in allowances for credit losses 253 14 Ending balance $ 573 $ 83
Schedule of Net Investment Income	The sources of net investment income are as follows: Year Ended December 31, 2023 2022 Income from: Fixed maturities $ 15,155 $ 14,556 Policyholder loans 365 378 Mortgage loans 2,312 2,472 Cash, cash equivalents and restricted cash 144 66 Gross investment income 17,976 17,472 Investment expenses ( 1,363 ) ( 1,436 ) Net investment income $ 16,613 $ 16,036
Schedule of Net Investment Gains (Losses)	The sources of net investment gains (losses) are as follows: Year Ended December 31, 2023 2022 Investment (losses) gains from sales: Fixed maturities $ ( 567 ) $ ( 364 ) Mortgage loans 56 ( 80 ) Cash and cash equivalents — 1 Gains and losses from sales ( 511 ) ( 443 ) Valuation change of other invested assets - (decline) appreciation: ( 1,715 ) 572 Change in allowance for credit losses (1) ( 281 ) ( 456 ) Total net (losses) gains on investments $ ( 2,507 ) $ ( 327 )
Rollforward of Cumulative Credit Losses on Fixed Maturities	A roll-forward of the cumulative credit losses on fixed maturity securities is as follows: December 31, 2023 Beginning allowance for credit loss balance $ - Additional credit loss allowance 28 Reduction of credit losses allowances related to securities sold during period — Ending allowance for credit loss balance $ 28
Fair Value and Gross Unrealized Losses for Fixed Maturities Available-for-sale in Continuous Gross Unrealized Loss Position	The Company’s fair value and gross unrealized losses for fixed maturities available-for-sale, aggregated by investment category and length of time that individual securities have been in a continuous gross unrealized loss position are as follows: 12 months or less Longer than 12 months Total December 31, 2023 Estimated Gross Estimated Gross Estimated Gross Fixed maturities U.S. government and agencies $ 499 $ ( 1 ) $ 2,732 $ ( 488 ) $ 3,231 $ ( 489 ) U.S. agency mortgage-backed 94 — 4,879 ( 515 ) 4,973 ( 515 ) State and political subdivisions 8,151 ( 176 ) 45,628 ( 9,314 ) 53,779 ( 9,490 ) Corporate and miscellaneous 22,527 ( 1,871 ) 66,482 ( 9,829 ) 89,009 ( 11,700 ) Residential mortgage-backed 269 ( 10 ) 3,029 ( 513 ) 3,298 ( 523 ) Commercial mortgage-backed 1,430 ( 53 ) 17,582 ( 1,625 ) 19,012 ( 1,678 ) Asset-backed 3,551 ( 190 ) 26,644 ( 1,891 ) 30,195 ( 2,081 ) Total fixed maturities $ 36,521 $ ( 2,301 ) $ 166,976 $ ( 24,175 ) $ 203,497 $ ( 26,476 ) 12 months or less Longer than 12 months Total December 31, 2022 Estimated Gross Estimated Gross Estimated Gross Fixed maturities U.S. government and agencies $ 2,722 $ ( 501 ) $ — $ — $ 2,722 $ ( 501 ) U.S. agency mortgage-backed 5,297 ( 578 ) 216 ( 36 ) 5,513 ( 614 ) State and political subdivisions 38,252 ( 7,036 ) 15,057 ( 4,979 ) 53,309 ( 12,015 ) Corporate and miscellaneous 94,461 ( 13,479 ) 8,322 ( 2,796 ) 102,783 ( 16,275 ) Residential mortgage-backed 3,286 ( 554 ) 344 ( 68 ) 3,630 ( 622 ) Commercial mortgage-backed 16,218 ( 1,611 ) 2,655 ( 303 ) 18,873 ( 1,914 ) Asset-backed 20,465 ( 1,726 ) 21,069 ( 2,200 ) 41,534 ( 3,926 ) Total fixed maturities $ 180,701 $ ( 25,485 ) $ 47,663 $ ( 10,382 ) $ 228,364 $ ( 35,867 )
Schedule of Fixed Maturities Number of Fixed Maturities in Unrealized Loss Position and Percentage Investment Grade	Information and concentrations related to fixed maturities in an unrealized loss position are included below. The tables below include the number of fixed maturities in an unrealized loss position for greater than and less than 12 months and the percentage that were investment grade at December 31, 2023. Unrealized Losses 12 months or less Gross Unrealized Losses Impairment is Impairment Impairment Percent Fixed maturities U.S. government and agencies $ ( 1 ) $ ( 1 ) $ — $ — 100 % U.S. agency mortgage-backed — — — — 0 % State and political subdivisions ( 176 ) ( 176 ) — — 100 % Corporate and miscellaneous ( 1,871 ) ( 621 ) ( 747 ) ( 502 ) 82 % Residential mortgage-backed ( 10 ) ( 10 ) — — 17 % Commercial mortgage-backed ( 53 ) ( 53 ) — — 100 % Asset-backed ( 190 ) ( 114 ) ( 76 ) — 100 % Gross unrealized losses $ ( 2,301 ) $ ( 975 ) $ ( 823 ) $ ( 502 ) Total number of fixed maturities 154 127 22 5 Unrealized Losses greater than 12 months Gross Unrealized Losses Impairment is Impairment Impairment Percent Fixed maturities U.S. government and agencies $ ( 488 ) $ ( 62 ) $ — $ ( 426 ) 100 % U.S. agency mortgage-backed ( 515 ) ( 202 ) ( 313 ) — 100 % State and political subdivisions ( 9,314 ) ( 601 ) ( 3,391 ) ( 5,322 ) 100 % Corporate and miscellaneous ( 9,829 ) ( 1,454 ) ( 4,055 ) ( 4,320 ) 86 % Residential mortgage-backed ( 513 ) ( 47 ) ( 336 ) ( 130 ) 90 % Commercial mortgage-backed ( 1,625 ) ( 746 ) ( 680 ) ( 198 ) 100 % Asset-backed ( 1,891 ) ( 871 ) ( 883 ) ( 138 ) 97 % Gross unrealized losses $ ( 24,175 ) $ ( 3,983 ) $ ( 9,658 ) $ ( 10,534 ) Total number of fixed maturities 584 221 224 139
Schedule of Gross Unrealized Losses By Unrealized Loss Position and Credit Quality	Gross unrealized losses by unrealized loss position and credit quality at December 31, 2023 are as follows: Investment Grade Below Investment Grade Total Fixed income securities with unrealized loss position less than or equal to 20% of amortized cost, net (1) (2) $ 14,902 $ 539 $ 15,441 Fixed income securities with unrealized loss position greater than 20% of amortized cost, net (3) (4) 10,618 417 11,035 Total unrealized losses $ 25,520 $ 956 $ 26,476 (1) Below investment grade fixed income securities include $ 103 that have been in an unrealized loss position for less than twelve months. (2) Related to securities with an unrealized loss position less than or equal to 20% of amortized cost, net, the degree of which suggests that these securities do not pose a high risk of having credit losses. (3) Below investment grade fixed income securities include $ 853 that have been in an unrealized loss position for a period of twelve or more consecutive months. (4) Evaluated based on factors such as discounted cash flows and the financial condition and near-term and long-term prospects of the issue or issuer and were determined to have adequate resources to fulfill contractual obligations.

Deferred Policy Acquisition C_2

Deferred Policy Acquisition Costs (Tables)	12 Months Ended
	Dec. 31, 2023
Deferred Policy Acquisition Costs Disclosures [Abstract]
Summary of Deferred Policy Acquisition Costs and Changes	The deferred policy acquisition costs and changes are as follows: December 31, December 31, 2023 2022 Beginning balance $ 90,189 $ 95,715 Acquisition costs deferred 11,841 12,917 Amortization ( 13,954 ) ( 18,443 ) Ending balance $ 88,076 $ 90,189

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes Based on Difference Between Expected Tax Provision, Applying Statutory Tax Rate to Actual Tax Provision	Provided below are income taxes based on the difference between the expected tax provision, applying the statutory tax rate ( 21 %) to the actual tax provision. Year Ended December 31, 2023 2022 (Loss) income before income taxes $ ( 10,852 ) $ ( 22,568 ) Statutory rate 21 % 21 % Income tax (benefit) expense at statutory rate ( 2,279 ) ( 4,739 ) Effect of: Return to provision adjustments ( 1,198 ) ( 664 ) Valuation allowance Increase (decrease) in the valuation allowance related to return to provision adjustments 290 172 Increase in the valuation allowance - current year 2,269 3,129 Total increase in the valuation allowance 2,559 3,301 Other ( 41 ) ( 6 ) Income tax (benefit) expense $ ( 959 ) $ ( 2,108 )
Components of Income Tax (Benefit) Expense	The components of income tax (benefit) expense are as follows: Year Ended December 31, 2023 2022 Income tax applicable to: Current $ 4,890 $ 4,052 Deferred (net of increase in allowance: 2023 - $ 2,559 , 2022 - $ 3,301 ) ( 5,849 ) ( 6,160 ) Ending balance $ ( 959 ) $ ( 2,108 )
Components of Net Deferred Income Tax Assets	The components of the net deferred income tax assets are as follows: Year Ended December 31, 2023 2022 Deferred tax assets: Net operating loss carryforward $ 24,818 $ 23,490 Reinsurance assets 50,175 48,717 Net unrealized investment losses 4,780 7,100 Policyholder dividend obligation 2,023 1,998 Policyholder dividend 323 259 Commission receivable, net 6,822 6,813 Incentive compensation 581 378 Other 3,893 2,902 Total deferred tax assets 93,415 91,657 Valuation allowance ( 26,637 ) ( 24,426 ) Total deferred income tax assets 66,778 67,231 Deferred tax liabilities: Life insurance reserves 25,753 27,539 Deferred policy acquisition cost 4,948 7,096 Intangible assets 344 344 Basis difference – investments 593 464 Fixed assets 2,507 2,784 Other 237 567 Total deferred tax liabilities 34,382 38,794 Deferred income tax assets, net $ 32,396 $ 28,437
Summary of Net Operating Loss Carryforwards	The Company’s net operating loss carry-forwards are as follows: Life Sub- Non-Life Total Year net operating loss expires 2025 $ — $ 1,229 $ 1,229 2026 — 5,249 5,249 2027 — 5,057 5,057 2028 — 3,061 3,061 2029 — 1,708 1,708 2030 — 8,121 8,121 2031 — 5,361 5,361 2032 — 2,539 2,539 2033 — 1,099 1,099 2034 — 13,527 13,527 2035 — 5,311 5,311 2036 — 5,267 5,267 2037 — 4,266 4,266 No expiration — 56,385 56,385 $ - $ 118,180 $ 118,180

Reinsurance (Tables)

Reinsurance (Tables)	12 Months Ended
	Dec. 31, 2023
Insurance [Abstract]
Schedule of Reinsurance Recoverables	Reinsurance recoverables are as follows: December 31, December 31, 2023 2022 Ceded future policy benefits $ 198,973 $ 173,904 Claims and other amounts recoverables 39,625 40,958 Ending balance $ 238,598 $ 214,862
Reconciliation of Direct Premiums to Net Premiums	The reconciliation of direct premiums to net premiums is as follows: Year Ended December 31, 2023 2022 Direct premiums $ 181,638 $ 174,600 Assumed premiums 35,871 45,637 Ceded premiums ( 120,670 ) ( 120,162 ) Net insurance premiums $ 96,839 $ 100,075 The reconciliation of direct, assumed and ceded amounts for life, annuity, and health claim benefits is as follows: Year Ended December 31, 2023 2022 Direct $ 126,937 $ 139,083 Assumed 19,990 20,459 Ceded ( 79,253 ) ( 92,040 ) Life, annuity, and health claim benefits $ 67,674 $ 67,502

Closed Block (Tables)

Closed Block (Tables)	12 Months Ended
	Dec. 31, 2023
Closed Block Disclosure [Abstract]
Schedule of Information Regarding Closed Block Liabilities (Assets) Designated to Closed Block	Information regarding the Closed Block liabilities (assets) designated to the Closed Block is as follows: December 31, December 31, Closed Block Liabilities 2023 2022 Future policy benefits and claims $ 29,144 $ 29,382 Policyholder account balances 6,492 6,731 Other policyholder liabilities 5,207 5,298 Policyholder dividend obligations 9,636 9,515 Other liabilities 2,068 586 Total Closed Block liabilities 52,547 51,512 Assets Designated to the Closed Block Investments: Fixed maturities - available-for-sale (amortized cost $ 42,506 and 40,522 , respectively) 39,678 36,625 Policyholder loans 1,234 1,132 Total investments 40,912 37,757 Premiums due and uncollected 81 1,852 Accrued investment income 484 457 Reinsurance recoverables 14,739 13,885 Deferred income tax assets, net 4,100 4,263 Total assets designated to the Closed Block 60,316 58,214 Excess of Closed Block assets over liabilities 7,769 6,702 Amounts included in accumulated other comprehensive income: Unrealized investment loss (gains), net of income tax ( 2,234 ) ( 3,079 ) Total amounts included in accumulated other comprehensive income ( 2,234 ) ( 3,079 ) Maximum future earnings and accumulated other comprehensive income to 11,143 and $ 10,792 , respectively) $ ( 10,003 ) $ ( 9,781 )
Schedule of Information Regarding Policyholder Dividend Obligations	Information regarding the policyholder dividend obligations is as follows: December 31, December 31, Policyholder Dividend Obligations 2023 2022 Beginning balance $ 9,515 $ 12,669 Impact from earnings allocable to policyholder dividend obligations 121 ( 165 ) Change in net unrealized investment gains (losses) allocated to policyholder — ( 2,989 ) Ending balance $ 9,636 $ 9,515
Schedule of Information Regarding Closed Block Revenues and Expenses	Information regarding the Closed Block revenues and expenses is as follows: Year Ended December 31, 2023 2022 Revenues Net insurance premiums $ 3,991 $ 3,073 Net investment income 1,788 1,666 Net Realized Investment Gains (Losses) 9 ( 1 ) Total revenues 5,788 4,738 Benefits and expenses Life and annuity benefits - including policyholder dividends 1,855 and $ 1,483 , respectively 5,077 4,994 Interest credited to policyholder account balances 165 169 Operating costs and expenses 265 ( 484 ) Total expenses 5,507 4,679 Revenues, net of expenses before provision for income tax 281 58 Income tax expense (benefit) 59 12 Revenues, net of expenses and provision for income tax $ 222 $ 46
Schedule of Amortized Cost and Fair Value of Closed Block Fixed Maturity Securities Portfolio by Contractual Maturity	The following table presents the amortized cost and fair value of the Closed Block fixed maturity securities portfolio by contractual maturity at December 31, 2023. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties: Amortized Cost Fair Value Due in one year or less $ 4,057 $ 4,005 Due after one year through five years 3,656 3,675 Due after five years through ten years 7,330 7,105 Due after ten years 24,186 21,697 Securities not due at a single maturity date — primarily mortgage and asset- 3,277 3,196 Total fixed maturities $ 42,506 $ 39,678

Regulatory Matters (Tables)

Regulatory Matters (Tables)	12 Months Ended
	Dec. 31, 2023
Fidelity Life
Statutory Accounting Practices [Line Items]
Schedule of Statutory Capital and Surplus and Net Income	The statutory capital and surplus and net income for Fidelity Life, as determined in accordance with statutory accounting practices prescribed or permitted by the IDOI, at December 31, 2023 and 2022, and for the years ended December 31, 2023 and 2022, are as follows: At December 31, 2023 2022 Statutory capital and surplus Fidelity Life $ 94,349 $ 106,260 Year Ended December 31, 2023 2022 Statutory net income (loss) Fidelity Life $ 3,925 $ 1,282

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Minimum Future Operating Lease Payments	Minimum future operating lease payments, including lease payments for real estate, vehicles, computers and office equipment at December 31, 2023, are as follows: Year 2024 $ 588 2025 281 2026 240 2027 247 2028 254 2029 116 Total $ 1,726

Assets and Liabilities Measur_2

Assets and Liabilities Measured at Fair Value (Tables)	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Summary of Assets and Liabilities Carried at Fair Value on Recurring and Non-recurring Basis	The Company’s assets and liabilities that are carried at fair value on a recurring and non-recurring basis, by fair value hierarchy level, are as follows: December 31, 2023 Level 1 Level 2 Level 3 Total Fair Value Recurring fair value measurements Financial instruments recorded as assets: Fixed maturities U.S. government and agencies $ — $ 10,065 $ — $ 10,065 U.S. agency mortgage-backed — 6,718 — 6,718 State and political subdivisions — 69,726 493 70,219 Corporate and miscellaneous 2,258 136,688 26,351 165,297 Foreign government — 135 — 135 Residential mortgage-backed — 6,875 — 6,875 Commercial mortgage-backed — 20,388 — 20,388 Asset-backed — 30,428 3,258 33,686 Total fixed maturities 2,258 281,023 30,102 313,383 Total recurring assets $ 2,258 $ 281,023 $ 30,102 $ 313,383 December 31, 2022 Level 1 Level 2 Level 3 Total Fair Value Recurring fair value measurements Financial instruments recorded as assets: Fixed maturities U.S. government and agencies $ — $ 9,106 $ — $ 9,106 U.S. agency mortgage-backed — 8,878 — 8,878 State and political subdivisions — 55,782 442 56,224 Corporate and miscellaneous 2,847 126,644 26,990 156,481 Foreign government — 131 — 131 Residential mortgage-backed — 4,430 — 4,430 Commercial mortgage-backed — 19,462 — 19,462 Asset-backed — 40,293 3,133 43,426 Total fixed maturities 2,847 264,726 30,565 298,138 Total recurring assets $ 2,847 $ 264,726 $ 30,565 $ 298,138
Summary of Changes in Fair Value of Level 3 Assets Held at Fair Value on Recurring Basis	A summary of changes in fair value of Level 3 assets held at fair value on a recurring basis is as follows: Total gains (losses) included in: Balance at January 1, 2023 Net Income OCI Purchases Sales Settlements Net Balance at December 31, 2023 Financial Assets Fixed maturities State and political subdivision $ 442 $ — $ 50 $ — $ — $ — $ — $ 492 Corporate and miscellaneous 26,991 ( 38 ) 74 2,982 ( 4,030 ) — 372 26,351 Asset-backed 3,133 106 182 658 ( 820 ) — — 3,259 Total assets $ 30,566 $ 68 $ 306 $ 3,640 $ ( 4,850 ) $ — $ 372 $ 30,102 Total gains (losses) included in: Balance at January 1, 2022 Net Income OCI Purchases Sales Settlements Net Balance at December 31, 2022 Financial Assets Fixed maturities State and political subdivisions $ 498 $ — $ ( 56 ) $ — $ — $ — $ — $ 442 Corporate and miscellaneous 24,740 2 ( 398 ) 3,198 ( 2,582 ) 1,468 563 26,991 Asset-backed 2,838 ( 122 ) ( 325 ) 1,907 ( 1,260 ) — 95 3,133 Total assets $ 28,076 $ ( 120 ) $ ( 779 ) $ 5,105 $ ( 3,842 ) $ 1,468 $ 658 $ 30,566
Summary of Carrying Amount and Estimated Fair Values of Financial Instruments not Measured at Fair Value	The carrying amount and estimated fair values of the Company’s financial instruments that are not measured at fair value on the Consolidated Balance Sheets are as follows: Estimated Fair Value December 31, 2023 Carrying Value Level 1 Level 2 Level 3 Total Financial instruments recorded as assets: Mortgage loans $ 40,534 $ — $ — $ 37,005 $ 37,005 Policyholder loans $ 7,149 $ — $ — $ 8,234 $ 8,234 Financial instruments recorded as liabilities: Future policy benefits, excluding term life reserves $ 16,307 $ — $ — $ 15,319 $ 15,319 Long/short-term debt $ 49,010 $ — $ — $ 51,927 $ 51,927 Policyholder account balances $ 70,726 $ — $ — $ 65,881 $ 65,881 Estimated Fair Value December 31, 2022 Carrying Value Level 1 Level 2 Level 3 Total Financial instruments recorded as assets: Mortgage loans $ 45,270 $ — $ — $ 41,622 $ 41,622 Policyholder loans $ 6,699 $ — $ — $ 7,722 $ 7,722 Financial instruments recorded Future policy benefits, excluding term $ 16,555 $ — $ — $ 15,192 $ 15,192 Long/short-term debt $ 37,189 $ — $ — $ 36,763 $ 36,763 Policyholder account balances $ 77,443 $ — $ — $ 70,157 $ 70,157

Long and Short-Term Debt (Table

Long and Short-Term Debt (Tables)	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Schedule of Long Term and Short Term Debt Pay Back	At December 31, 2023, the Company expects to pay back the aggregate amounts as presented in the following table. December 31, 2023 Due in one year or less $ 9,249 Due after one year through two years 6,632 Due after two years through three years 6,175 Due after three years through four years 5,721 Due after four years through five years 5,221 Due after five years 40,252 Less discount ( 24,240 ) Total long/short-term debt $ 49,010

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2023
Equity, Attributable to Parent [Abstract]
Changes in Accumulated Other Comprehensive (Loss) Income, Net of Taxes	Changes in Accumulated Other Comprehensive (Loss) Income, net of taxes are as follows: Net Unrealized Net Unrealized Total Balance at January 1, 2023 $ 362 $ ( 30,534 ) $ ( 30,172 ) Other comprehensive (loss) income Unrealized holding gains (losses) from changes in the market value of securities — 11,047 11,047 Impact on Policy benefit liabilities of changes in market value of securities — ( 159 ) ( 159 ) Change in net unrealized investment (losses) gains allocated to policyholder dividend obligations — — — Income tax (expense) benefit — ( 1,938 ) ( 1,938 ) Other comprehensive (loss) income, net of tax — 8,950 8,950 Balance at December 31, 2023 $ 362 $ ( 21,584 ) $ ( 21,222 ) Net Unrealized Net Unrealized Total Balance at January 1, 2022 $ 362 $ 10,567 $ 10,929 Other comprehensive (loss) income Unrealized holding (losses) gains from changes in the market value of securities — ( 59,600 ) ( 59,600 ) Impact on Policy benefit liabilities of changes in market value of securities — 5,934 5,934 Change in net unrealized investment gains (losses) allocated to policyholder dividend obligations — 2,989 2,989 Income tax benefit (expense) — 9,576 9,576 Other comprehensive (loss) income, net of tax — ( 41,101 ) ( 41,101 ) Balance at December 31, 2022 $ 362 $ ( 30,534 ) $ ( 30,172 ) (1) Due to the adoption of the measurement of credit losses on financial instruments accounting standard, realized capital losses previously reported as OTTI write-downs are now presented as credit losses; therefore OTTI is not presented in the 2023 table above.

Business Segments (Tables)

Business Segments (Tables)	12 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
Schedule of Segment Information	The segment results are as follows: Year Ended December 31, 2023 Year Ended December 31, 2022 Insurance Agency Corporate & Other Total Insurance Agency Corporate & Other Total Net insurance premiums $ 96,839 $ — $ — $ 96,839 $ 100,075 $ — $ — $ 100,075 Net investment income 16,305 — 308 16,613 15,556 — 480 16,036 Net realized investment gains (losses) (1) ( 2,143 ) — ( 364 ) ( 2,507 ) ( 590 ) — 263 ( 327 ) Earned commissions — 60,282 ( 345 ) 59,937 — 43,063 ( 429 ) 42,634 Other income 1,104 5,579 — 6,683 604 4,890 — 5,494 Total revenues 112,105 65,861 ( 401 ) 177,565 115,645 47,953 314 163,912 Life, annuity, and health claim benefits 70,312 — — 70,312 70,282 — — 70,282 Operating costs and expenses 31,341 64,417 8,393 104,151 34,572 56,648 6,535 97,755 Amortization of deferred policy 13,954 — — 13,954 18,443 — — 18,443 Total benefits and expenses 115,607 64,417 8,393 188,417 123,297 56,648 6,535 186,480 (Loss) income before income tax $ ( 3,502 ) $ 1,444 $ ( 8,794 ) $ ( 10,852 ) $ ( 7,652 ) $ ( 8,695 ) $ ( 6,221 ) $ ( 22,568 ) December 31, 2023 December 31, 2022 Insurance Agency Corporate & Other Total Insurance Agency Corporate & Other Total Investments and cash $ 367,746 $ 643 $ 3,084 $ 371,473 $ 358,620 $ 1,094 $ 3,862 $ 363,576 Commissions and agent balances 8,471 45,023 — 53,494 4,751 30,015 — 34,766 Deferred policy acquisition costs 88,076 — — 88,076 90,189 — — 90,189 Intangible assets — 1,635 — 1,635 — 1,635 — 1,635 Reinsurance recoverables net 238,598 — — 238,598 214,862 — — 214,862 Deferred income tax assets, net 19,195 — 13,201 32,396 13,489 — 14,948 28,437 Other 27,623 9,009 514 37,146 26,800 5,869 3,944 36,613 Total assets $ 749,709 $ 56,310 $ 16,799 $ 822,818 $ 708,711 $ 38,613 $ 22,754 $ 770,078

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Oct. 03, 2023
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Common stock outstanding converted into right to receive in cash			$ 11.43
Common stock acquired by parent	$ 15,000	$ 15,000
Impairment of intangible assets	0	0
(Decrease) Increase of unrealized capital gains included in AOCI, net of tax	125,000	(4,687,000)
Provision on dividend payable	1,536,000	1,236,000
Additional credit losses on mortgage portfolio	237,000
Equity, tax effected amount	110,213,000	$ 111,343,000
Cumulative Effect Adjustment from Changes in Accounting Guidance, Net of Tax
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Equity, tax effected amount	187,000
Parent [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Common stock acquired by parent			$ 170,000
Mortgage Loans
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Additional credit losses on mortgage portfolio	$ 237,000
ASU No. 2016-13
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Change in accounting principle, accounting standards update, adopted [true false]	true
Apex Holdco.L.P
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Percentage of common stock owned	76.50%

Investments - Schedule of Fixed

Investments - Schedule of Fixed Maturities (Details) - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Schedule Of Available For Sale Securities [Line Items]
Fixed maturities, available-for-sale, Amortized Cost		$ 336,142	$ 331,946
Fixed maturities, available-for-sale, Unrealized Gains		3,716	2,059
Fixed maturities, available-for-sale, Unrealized Losses		(26,476)	(35,867)
Fixed maturities, available-for-sale, Fair Value		313,382	298,138
Fixed maturities, available-for-sale, OTTI Losses	[1]		(709)
U.S. Government and Agencies
Schedule Of Available For Sale Securities [Line Items]
Fixed maturities, available-for-sale, Amortized Cost		10,188	9,258
Fixed maturities, available-for-sale, Unrealized Gains		365	349
Fixed maturities, available-for-sale, Unrealized Losses		(488)	(501)
Fixed maturities, available-for-sale, Fair Value		10,065	9,106
U.S. Agency Mortgage-backed
Schedule Of Available For Sale Securities [Line Items]
Fixed maturities, available-for-sale, Amortized Cost		7,173	9,429
Fixed maturities, available-for-sale, Unrealized Gains		61	63
Fixed maturities, available-for-sale, Unrealized Losses		(516)	(614)
Fixed maturities, available-for-sale, Fair Value		6,718	8,878
State and Political Subdivisions
Schedule Of Available For Sale Securities [Line Items]
Fixed maturities, available-for-sale, Amortized Cost		79,362	68,213
Fixed maturities, available-for-sale, Unrealized Gains		347	26
Fixed maturities, available-for-sale, Unrealized Losses		(9,490)	(12,015)
Fixed maturities, available-for-sale, Fair Value		70,219	56,224
Corporate and Miscellaneous
Schedule Of Available For Sale Securities [Line Items]
Fixed maturities, available-for-sale, Amortized Cost		174,263	171,283
Fixed maturities, available-for-sale, Unrealized Gains		2,733	1,473
Fixed maturities, available-for-sale, Unrealized Losses		(11,700)	(16,275)
Fixed maturities, available-for-sale, Fair Value		165,296	156,481
Foreign Government
Schedule Of Available For Sale Securities [Line Items]
Fixed maturities, available-for-sale, Amortized Cost		130	130
Fixed maturities, available-for-sale, Unrealized Gains		5	1
Fixed maturities, available-for-sale, Fair Value		135	131
Residential Mortgage-backed
Schedule Of Available For Sale Securities [Line Items]
Fixed maturities, available-for-sale, Amortized Cost		7,302	4,912
Fixed maturities, available-for-sale, Unrealized Gains		96	140
Fixed maturities, available-for-sale, Unrealized Losses		(523)	(622)
Fixed maturities, available-for-sale, Fair Value		6,875	4,430
Fixed maturities, available-for-sale, OTTI Losses	[1]		(709)
Commercial Mortgage-backed
Schedule Of Available For Sale Securities [Line Items]
Fixed maturities, available-for-sale, Amortized Cost		22,043	21,374
Fixed maturities, available-for-sale, Unrealized Gains		23	2
Fixed maturities, available-for-sale, Unrealized Losses		(1,678)	(1,914)
Fixed maturities, available-for-sale, Fair Value		20,388	19,462
Asset-backed
Schedule Of Available For Sale Securities [Line Items]
Fixed maturities, available-for-sale, Amortized Cost		35,681	47,347
Fixed maturities, available-for-sale, Unrealized Gains		86	5
Fixed maturities, available-for-sale, Unrealized Losses		(2,081)	(3,926)
Fixed maturities, available-for-sale, Fair Value		$ 33,686	$ 43,426
[1] Due to the adoption of the measurement of credit losses on financial instruments accounting standard, realized capital losses previously reported as OTTI write-downs are now presented as credit losses; therefore OTTI is not presented in the 2023 table above.

Investments - Schedule of Amort

Investments - Schedule of Amortized Cost and Fair Value of Fixed Maturities by Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Due in one year or less, Amortized Cost	$ 7,754
Due after one year through five years, Amortized Cost	37,576
Due after five years through ten years, Amortized Cost	74,512
Due after ten years, Amortized Cost	144,102
Securities not due at a single maturity date - primarily mortgage and asset-backed securities, Amortized Cost	72,198
Fixed maturities, available-for-sale, Amortized Cost	336,142	$ 331,946
Due in one year or less, Fair Value	7,670
Due after one year through five years, Fair Value	36,830
Due after five years through ten years, Fair Value	71,313
Due after ten years, Fair Value	129,902
Securities not due at a single maturity date - primarily mortgage and asset-backed securities, Fair Value	67,667
Total fixed maturities, Fair Value	$ 313,382	$ 298,138

Investments - Additional Inform

Investments - Additional Information (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) Investment Loan	Dec. 31, 2022 USD ($) Loan
Schedule Of Investments [Line Items]
Deposit with governmental authorities	$ 2,689,000	$ 2,680,000
Investment, Type [Extensible Enumeration]	Fixed Maturities [Member]	Fixed Maturities [Member]
Commitments to investment in available for sale securities	$ 0	$ 1,290,000
Number of investment instruments | Investment	35
Number of mortgage loan | Loan	311
Average loan balance	$ 132,000
Maximum exposure related to a single loan	600,000
New mortgage loans purchased	$ 964,000	$ 4,527,000
Number of mortgage loans in restructured status | Loan	0	3
Total carrying value of mortgage loans in restructured status	$ 0	$ 692,000
Impairments for mortgage loans	0	0
Additional credit losses on mortgage portfolio	$ 237,000
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2016-13 [Member]
Mortgage loans, nonaccrual status	$ 0	0
Commitments to investment in mortgage loans	3,734,000	2,575,000
Gross unrealized losses	$ 26,476,000	$ 35,867,000
Minimum
Schedule Of Investments [Line Items]
Commercial mortgage loan ownership percent	0.60%
Maximum
Schedule Of Investments [Line Items]
Commercial mortgage loan ownership percent	30%
Mortgage Loans Receivable | Credit Concentration Risk
Schedule Of Investments [Line Items]
Fixed maturities portfolio	100%	100%
Mortgage Loans Receivable | Credit Concentration Risk | Investment Grade Securities
Schedule Of Investments [Line Items]
Fixed maturities portfolio	96%	95.10%

Investments - Schedule of Mortg

Investments - Schedule of Mortgage Loan Holdings Diversified by Geography and Property (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule Of Investments [Line Items]
Credit loss allowance		$ (573)	$ (83)	$ (69)
Net carrying value of mortgage loans		$ 40,534	$ 45,270
Mortgage Loans Receivable | Credit Concentration Risk
Schedule Of Investments [Line Items]
Fixed maturities portfolio		100%	100%
Mortgage Loans Receivable | Geographic Concentration Risk
Schedule Of Investments [Line Items]
Fixed maturities portfolio		100%	100%
Mortgage Loans Receivable | Geographic Concentration Risk | West South Central
Schedule Of Investments [Line Items]
Fixed maturities portfolio		24.30%	25.60%
Mortgage Loans Receivable | Geographic Concentration Risk | East North Central
Schedule Of Investments [Line Items]
Fixed maturities portfolio		29.60%	27.20%
Mortgage Loans Receivable | Geographic Concentration Risk | South Atlantic
Schedule Of Investments [Line Items]
Fixed maturities portfolio		19.60%	19.40%
Mortgage Loans Receivable | Geographic Concentration Risk | West North Central
Schedule Of Investments [Line Items]
Fixed maturities portfolio		5.70%	6.30%
Mortgage Loans Receivable | Geographic Concentration Risk | Mountain
Schedule Of Investments [Line Items]
Fixed maturities portfolio		6.20%	6.20%
Mortgage Loans Receivable | Geographic Concentration Risk | Middle Atlantic
Schedule Of Investments [Line Items]
Fixed maturities portfolio		4.80%	5.10%
Mortgage Loans Receivable | Geographic Concentration Risk | East South Central
Schedule Of Investments [Line Items]
Fixed maturities portfolio		8.70%	8.10%
Mortgage Loans Receivable | Geographic Concentration Risk | New England
Schedule Of Investments [Line Items]
Fixed maturities portfolio		0%	0.10%
Mortgage Loans Receivable | Geographic Concentration Risk | Pacific
Schedule Of Investments [Line Items]
Fixed maturities portfolio		1.10%	2%
Mortgage Loans
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans		$ 41,107	$ 45,353
Credit loss allowance	[1]	(573)	(83)
Net carrying value of mortgage loans		40,534	45,270
Mortgage Loans | West South Central
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans		10,038	11,608
Mortgage Loans | East North Central
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans		12,184	12,320
Mortgage Loans | South Atlantic
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans		8,046	8,815
Mortgage Loans | West North Central
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans		2,328	2,871
Mortgage Loans | Mountain
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans		2,560	2,824
Mortgage Loans | Middle Atlantic
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans		1,986	2,310
Mortgage Loans | East South Central
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans		3,519	3,661
Mortgage Loans | New England
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans			34
Mortgage Loans | Pacific
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans		$ 446	$ 910
Retail | Mortgage Loans Receivable | Credit Concentration Risk
Schedule Of Investments [Line Items]
Fixed maturities portfolio		31.20%	30.60%
Retail | Mortgage Loans
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans		$ 12,812	$ 13,866
Office | Mortgage Loans Receivable | Credit Concentration Risk
Schedule Of Investments [Line Items]
Fixed maturities portfolio		25.90%	24.50%
Office | Mortgage Loans
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans		$ 10,635	$ 11,115
Industrial | Mortgage Loans Receivable | Credit Concentration Risk
Schedule Of Investments [Line Items]
Fixed maturities portfolio		18.20%	17.90%
Industrial | Mortgage Loans
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans		$ 7,476	$ 8,138
Mixed Use | Mortgage Loans Receivable | Credit Concentration Risk
Schedule Of Investments [Line Items]
Fixed maturities portfolio		11.70%	11.60%
Mixed Use | Mortgage Loans
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans		$ 4,798	$ 5,249
Apartments | Mortgage Loans Receivable | Credit Concentration Risk
Schedule Of Investments [Line Items]
Fixed maturities portfolio		5%	6.20%
Apartments | Mortgage Loans
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans		$ 2,077	$ 2,796
Medical Office | Mortgage Loans Receivable | Credit Concentration Risk
Schedule Of Investments [Line Items]
Fixed maturities portfolio		5.90%	6.70%
Medical Office | Mortgage Loans
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans		$ 2,423	$ 3,053
Other | Mortgage Loans Receivable | Credit Concentration Risk
Schedule Of Investments [Line Items]
Fixed maturities portfolio		2.10%	2.50%
Other | Mortgage Loans
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans		$ 886	$ 1,136
[1] Due to the adoption of the measurement of credit losses on financial instruments accounting standard, the valuation allowance in 2022 is now presented as an allowance for expected credit losses in 2023.

Investments - Schedule of Chang

Investments - Schedule of Changes in Valuation Allowance for Commercial Mortgage Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Beginning balance	$ 83	$ 69
Net increase in allowances for credit losses related to change in accounting standards (See Note 1)	$ 237
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2016-13 [Member]
Net increase (decrease) in allowances for credit losses	$ 253	14
Ending balance	$ 573	$ 83

Investments - Schedule of Net I

Investments - Schedule of Net Investment Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule Of Investment Income Reported Amounts By Category [Line Items]
Gross investment income	$ 17,976	$ 17,472
Investment expenses	(1,363)	(1,436)
Net investment income	16,613	16,036
Fixed Maturities
Schedule Of Investment Income Reported Amounts By Category [Line Items]
Interest	15,155	14,556
Policyholder Loans
Schedule Of Investment Income Reported Amounts By Category [Line Items]
Interest	365	378
Mortgage Loans
Schedule Of Investment Income Reported Amounts By Category [Line Items]
Interest	2,312	2,472
Cash and Cash Equivalents and Restricted Cash
Schedule Of Investment Income Reported Amounts By Category [Line Items]
Interest	$ 144	$ 66

Investments - Schedule of Net_2

Investments - Schedule of Net Investment Gains (Losses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule Of Gain Loss On Investments Including Marketable Securities And Investments Held At Cost Income Statement Reported Amounts Summary [Line Items]
Gains and losses from sales	$ (511)	$ (443)
Change in allowance for credit losses	(281)	(456)
Total net (losses) gains on investments	(2,507)	(327)
Fixed Maturities
Schedule Of Gain Loss On Investments Including Marketable Securities And Investments Held At Cost Income Statement Reported Amounts Summary [Line Items]
Gains and losses from sales	(567)	(364)
Mortgage Loans
Schedule Of Gain Loss On Investments Including Marketable Securities And Investments Held At Cost Income Statement Reported Amounts Summary [Line Items]
Gains and losses from sales	56	(80)
Cash and Cash Equivalents
Schedule Of Gain Loss On Investments Including Marketable Securities And Investments Held At Cost Income Statement Reported Amounts Summary [Line Items]
Gains and losses from sales		1
Other Invested Assets
Schedule Of Gain Loss On Investments Including Marketable Securities And Investments Held At Cost Income Statement Reported Amounts Summary [Line Items]
Valuation change of other invested assets - (decline) appreciation:	$ (1,715)	$ 572

Investments - Rollforward of Cu

Investments - Rollforward of Cumulative Credit Losses on Fixed Maturities (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Investments, Debt and Equity Securities [Abstract]
Beginning allowance for credit loss balance	$ 0
Additional credit loss allowance	28
Reduction of credit losses allowances related to securities sold during period	0
Ending allowance for credit loss balance	$ 28

Investments - Fair Value and Gr

Investments - Fair Value and Gross Unrealized Losses for Fixed Maturities Available-for-sale in Continuous Gross Unrealized Loss Position (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Schedule Of Available For Sale Securities [Line Items]
Fixed maturity securities, 12 months or less, Estimated Fair Value	$ 36,521	$ 180,701
Fixed maturity securities, 12 months or less, Gross Unrealized Losses	(2,301)	(25,485)
Fixed maturity securities, Longer than 12 months, Estimated Fair Value	166,976	47,663
Fixed maturity securities, Longer than 12 months, Gross Unrealized Losses	(24,175)	(10,382)
Fixed maturity securities, Total, Estimated Fair Value	203,497	228,364
Fixed maturity securities, Total, Gross Unrealized Losses	(26,476)	(35,867)
U.S. Government and Agencies
Schedule Of Available For Sale Securities [Line Items]
Fixed maturity securities, 12 months or less, Estimated Fair Value	499	2,722
Fixed maturity securities, 12 months or less, Gross Unrealized Losses	(1)	(501)
Fixed maturity securities, Longer than 12 months, Estimated Fair Value	2,732
Fixed maturity securities, Longer than 12 months, Gross Unrealized Losses	(488)
Fixed maturity securities, Total, Estimated Fair Value	3,231	2,722
Fixed maturity securities, Total, Gross Unrealized Losses	(489)	(501)
U.S. Agency Mortgage-backed
Schedule Of Available For Sale Securities [Line Items]
Fixed maturity securities, 12 months or less, Estimated Fair Value	94	5,297
Fixed maturity securities, 12 months or less, Gross Unrealized Losses		(578)
Fixed maturity securities, Longer than 12 months, Estimated Fair Value	4,879	216
Fixed maturity securities, Longer than 12 months, Gross Unrealized Losses	(515)	(36)
Fixed maturity securities, Total, Estimated Fair Value	4,973	5,513
Fixed maturity securities, Total, Gross Unrealized Losses	(515)	(614)
State and Political Subdivisions
Schedule Of Available For Sale Securities [Line Items]
Fixed maturity securities, 12 months or less, Estimated Fair Value	8,151	38,252
Fixed maturity securities, 12 months or less, Gross Unrealized Losses	(176)	(7,036)
Fixed maturity securities, Longer than 12 months, Estimated Fair Value	45,628	15,057
Fixed maturity securities, Longer than 12 months, Gross Unrealized Losses	(9,314)	(4,979)
Fixed maturity securities, Total, Estimated Fair Value	53,779	53,309
Fixed maturity securities, Total, Gross Unrealized Losses	(9,490)	(12,015)
Corporate and Miscellaneous
Schedule Of Available For Sale Securities [Line Items]
Fixed maturity securities, 12 months or less, Estimated Fair Value	22,527	94,461
Fixed maturity securities, 12 months or less, Gross Unrealized Losses	(1,871)	(13,479)
Fixed maturity securities, Longer than 12 months, Estimated Fair Value	66,482	8,322
Fixed maturity securities, Longer than 12 months, Gross Unrealized Losses	(9,829)	(2,796)
Fixed maturity securities, Total, Estimated Fair Value	89,009	102,783
Fixed maturity securities, Total, Gross Unrealized Losses	(11,700)	(16,275)
Residential Mortgage-backed
Schedule Of Available For Sale Securities [Line Items]
Fixed maturity securities, 12 months or less, Estimated Fair Value	269	3,286
Fixed maturity securities, 12 months or less, Gross Unrealized Losses	(10)	(554)
Fixed maturity securities, Longer than 12 months, Estimated Fair Value	3,029	344
Fixed maturity securities, Longer than 12 months, Gross Unrealized Losses	(513)	(68)
Fixed maturity securities, Total, Estimated Fair Value	3,298	3,630
Fixed maturity securities, Total, Gross Unrealized Losses	(523)	(622)
Commercial Mortgage-backed
Schedule Of Available For Sale Securities [Line Items]
Fixed maturity securities, 12 months or less, Estimated Fair Value	1,430	16,218
Fixed maturity securities, 12 months or less, Gross Unrealized Losses	(53)	(1,611)
Fixed maturity securities, Longer than 12 months, Estimated Fair Value	17,582	2,655
Fixed maturity securities, Longer than 12 months, Gross Unrealized Losses	(1,625)	(303)
Fixed maturity securities, Total, Estimated Fair Value	19,012	18,873
Fixed maturity securities, Total, Gross Unrealized Losses	(1,678)	(1,914)
Asset-backed
Schedule Of Available For Sale Securities [Line Items]
Fixed maturity securities, 12 months or less, Estimated Fair Value	3,551	20,465
Fixed maturity securities, 12 months or less, Gross Unrealized Losses	(190)	(1,726)
Fixed maturity securities, Longer than 12 months, Estimated Fair Value	26,644	21,069
Fixed maturity securities, Longer than 12 months, Gross Unrealized Losses	(1,891)	(2,200)
Fixed maturity securities, Total, Estimated Fair Value	30,195	41,534
Fixed maturity securities, Total, Gross Unrealized Losses	$ (2,081)	$ (3,926)

Investments - Schedule of Fix_2

Investments - Schedule of Fixed Maturities Number of Fixed Maturities in Unrealized Loss Position and Percentage Investment Grade (Details)	Dec. 31, 2023 Security
Schedule Of Available For Sale Securities [Line Items]
Unrealized Losses 12 months or less, Total	(2,301)
Unrealized Losses 12 months or less, Impairment is Less than 10% of Amortized Cost	(975)
Unrealized Losses 12 months or less, Impairment is Between 10% and 20% of Amortized Cost	(823)
Unrealized Losses 12 months or less, Impairment is Greater than 20% of Amortized Cost	(502)
Unrealized Losses 12 months or less, Number of Fixed Maturities Total	154
Unrealized Losses 12 months or less, Impairment is Less than 10% of Amortized Cost Number of Fixed Maturities	127
Unrealized Losses 12 months or less, Impairment is Between 10% and 20% of Amortized Cost, Number of Fixed Maturities Total	22
Unrealized Losses 12 months or less, Impairment is Greater than 20% of Amortized Cost Number Fixed Maturities Total	5
Unrealized Losses greater than 12 months, Total	(24,175)
Unrealized Losses greater than 12 months, Impairment is Less than 10% of Amortized Cost	(3,983)
Unrealized Losses greater than 12 months, Impairment is Between 10% and 20% of Amortized Cost	(9,658)
Unrealized Losses greater than 12 months, Impairment is Greater than 20% of Amortized Cost	(10,534)
Unrealized Losses greater than 12 months, Number of Fixed Maturities, Total	584
Unrealized Losses greater than 12 months, Impairment is Less than 10% of Amortized Cost Number of Fixed Maturities Total	221
Unrealized Losses greater than 12 months, Impairment is Between 10% and 20% of Amortized Cost Number of Fixed Maturities Total	224
Unrealized Losses greater than 12 months, Impairment is Greater than 20% of Amortized Cost Number of Fixed Maturities Total	139
U.S. Government and Agencies
Schedule Of Available For Sale Securities [Line Items]
Unrealized Losses 12 months or less, Total	(1)
Unrealized Losses 12 months or less, Impairment is Less than 10% of Amortized Cost	(1)
Unrealized Losses 12 months or less, Percent Investment Grade	100%
Unrealized Losses greater than 12 months, Total	(488)
Unrealized Losses greater than 12 months, Impairment is Less than 10% of Amortized Cost	(62)
Unrealized Losses greater than 12 months, Impairment is Greater than 20% of Amortized Cost	(426)
Unrealized Losses greater than 12 months, Percent Investment Grade	100%
U.S. Agency Mortgage-backed
Schedule Of Available For Sale Securities [Line Items]
Unrealized Losses 12 months or less, Percent Investment Grade	0%
Unrealized Losses greater than 12 months, Total	(515)
Unrealized Losses greater than 12 months, Impairment is Less than 10% of Amortized Cost	(202)
Unrealized Losses greater than 12 months, Impairment is Between 10% and 20% of Amortized Cost	(313)
Unrealized Losses greater than 12 months, Percent Investment Grade	100%
State and Political Subdivisions
Schedule Of Available For Sale Securities [Line Items]
Unrealized Losses 12 months or less, Total	(176)
Unrealized Losses 12 months or less, Impairment is Less than 10% of Amortized Cost	(176)
Unrealized Losses 12 months or less, Percent Investment Grade	100%
Unrealized Losses greater than 12 months, Total	(9,314)
Unrealized Losses greater than 12 months, Impairment is Less than 10% of Amortized Cost	(601)
Unrealized Losses greater than 12 months, Impairment is Between 10% and 20% of Amortized Cost	(3,391)
Unrealized Losses greater than 12 months, Impairment is Greater than 20% of Amortized Cost	(5,322)
Unrealized Losses greater than 12 months, Percent Investment Grade	100%
Corporate and Miscellaneous
Schedule Of Available For Sale Securities [Line Items]
Unrealized Losses 12 months or less, Total	(1,871)
Unrealized Losses 12 months or less, Impairment is Less than 10% of Amortized Cost	(621)
Unrealized Losses 12 months or less, Impairment is Between 10% and 20% of Amortized Cost	(747)
Unrealized Losses 12 months or less, Impairment is Greater than 20% of Amortized Cost	(502)
Unrealized Losses 12 months or less, Percent Investment Grade	82%
Unrealized Losses greater than 12 months, Total	(9,829)
Unrealized Losses greater than 12 months, Impairment is Less than 10% of Amortized Cost	(1,454)
Unrealized Losses greater than 12 months, Impairment is Between 10% and 20% of Amortized Cost	(4,055)
Unrealized Losses greater than 12 months, Impairment is Greater than 20% of Amortized Cost	(4,320)
Unrealized Losses greater than 12 months, Percent Investment Grade	86%
Residential Mortgage-backed
Schedule Of Available For Sale Securities [Line Items]
Unrealized Losses 12 months or less, Total	(10)
Unrealized Losses 12 months or less, Impairment is Less than 10% of Amortized Cost	(10)
Unrealized Losses 12 months or less, Percent Investment Grade	17%
Unrealized Losses greater than 12 months, Total	(513)
Unrealized Losses greater than 12 months, Impairment is Less than 10% of Amortized Cost	(47)
Unrealized Losses greater than 12 months, Impairment is Between 10% and 20% of Amortized Cost	(336)
Unrealized Losses greater than 12 months, Impairment is Greater than 20% of Amortized Cost	(130)
Unrealized Losses greater than 12 months, Percent Investment Grade	90%
Commercial Mortgage-backed
Schedule Of Available For Sale Securities [Line Items]
Unrealized Losses 12 months or less, Total	(53)
Unrealized Losses 12 months or less, Impairment is Less than 10% of Amortized Cost	(53)
Unrealized Losses 12 months or less, Percent Investment Grade	100%
Unrealized Losses greater than 12 months, Total	(1,625)
Unrealized Losses greater than 12 months, Impairment is Less than 10% of Amortized Cost	(746)
Unrealized Losses greater than 12 months, Impairment is Between 10% and 20% of Amortized Cost	(680)
Unrealized Losses greater than 12 months, Impairment is Greater than 20% of Amortized Cost	(198)
Unrealized Losses greater than 12 months, Percent Investment Grade	100%
Asset-backed
Schedule Of Available For Sale Securities [Line Items]
Unrealized Losses 12 months or less, Total	(190)
Unrealized Losses 12 months or less, Impairment is Less than 10% of Amortized Cost	(114)
Unrealized Losses 12 months or less, Impairment is Between 10% and 20% of Amortized Cost	(76)
Unrealized Losses 12 months or less, Percent Investment Grade	100%
Unrealized Losses greater than 12 months, Total	(1,891)
Unrealized Losses greater than 12 months, Impairment is Less than 10% of Amortized Cost	(871)
Unrealized Losses greater than 12 months, Impairment is Between 10% and 20% of Amortized Cost	(883)
Unrealized Losses greater than 12 months, Impairment is Greater than 20% of Amortized Cost	(138)
Unrealized Losses greater than 12 months, Percent Investment Grade	97%

Investments - Schedule of Gross

Investments - Schedule of Gross Unrealized Losses By Unrealized Loss Position and Credit Quality (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-Sale [Line Items]
Total unrealized losses	$ 26,476	$ 35,867
Investment Grade
Debt Securities, Available-for-Sale [Line Items]
Fixed income securities with unrealized loss position less than or equal to 20% of amortized cost, net	14,902
Fixed income securities with unrealized loss position greater than 20% of amortized cost, net	10,618
Total unrealized losses	25,520
Below Investment Grade Fixed Income Securities
Debt Securities, Available-for-Sale [Line Items]
Fixed income securities with unrealized loss position less than or equal to 20% of amortized cost, net	539
Fixed income securities with unrealized loss position greater than 20% of amortized cost, net	417
Total unrealized losses	956
Fixed Income Securities
Debt Securities, Available-for-Sale [Line Items]
Fixed income securities with unrealized loss position less than or equal to 20% of amortized cost, net	15,441
Fixed income securities with unrealized loss position greater than 20% of amortized cost, net	11,035
Total unrealized losses	$ 26,476

Investments - Schedule of Gro_2

Investments - Schedule of Gross Unrealized Losses By Unrealized Loss Position and Credit Quality (Parenthetical) (Details) - Below Investment Grade Fixed Income Securities $ in Thousands	Dec. 31, 2023 USD ($)
Debt Securities, Available-for-Sale [Line Items]
Unrealized losses having loss of less than or equal to twenty percent	$ 103
Unrealized losses having loss of greater than twenty percent	$ 853

Deferred Policy Acquisition C_3

Deferred Policy Acquisition Costs - Summary of Deferred Policy Acquisition Costs and Changes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Deferred Policy Acquisition Costs Disclosures [Abstract]
Beginning balance	$ 90,189	$ 95,715
Acquisition costs deferred	11,841	12,917
Amortization	(13,954)	(18,443)
Ending balance	$ 88,076	$ 90,189

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Taxes [Line Items]
Statutory tax rate	21%	21%
Deferred tax assets valuation allowance of non life sub group tax return	100%
Annual limitation on operating loss carryforwards	$ 3,100,000
Net operating losses expired due to annual limit of NOL utilization	$ 0
Corporate alternative minimum tax	15%
Provision adjustment related to NOLs	$ (400,000)
Excise tax percentage on stock repurchases	1%
Unrecognized tax benefits	$ 0	$ 0
Unrecognized tax benefits to increase in next 12 months	0
Valuation allowance unrealized investment loss	718,000	$ 1,066,000
Deferred tax assets valuation allowance realized capital loss portion of life group	$ 412,000

Income Taxes - Income Taxes Bas

Income Taxes - Income Taxes Based on Difference Between Expected Tax Provision, Applying Statutory Tax Rate to Actual Tax Provision (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
(Loss) income before income taxes	$ (10,852)	$ (22,568)
Statutory rate	21%	21%
Income tax (benefit) expense at statutory rate	$ (2,279)	$ (4,739)
Effect of:
Return to provision adjustments	(1,198)	(664)
Increase (decrease) in the valuation allowance related to return to provision adjustments	290	172
Increase in the valuation allowance - current year	2,269	3,129
Total increase in the valuation allowance	2,559	3,301
Other	(41)	(6)
Income tax (benefit) expense	$ (959)	$ (2,108)

Income Taxes - Components of In

Income Taxes - Components of Income Tax (Benefit) Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income tax applicable to:
Current	$ 4,890	$ 4,052
Deferred (net of increase in allowance: 2023 - $2,559, 2022 - $3,301)	(5,849)	(6,160)
Income tax (benefit) expense	$ (959)	$ (2,108)

Income Taxes - Components of _2

Income Taxes - Components of Income Tax (Benefit) Expense (Parenthetical) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Increase in valuation allowance	$ 2,559	$ 3,301

Income Taxes - Components of Ne

Income Taxes - Components of Net Deferred Income Tax Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets:
Net operating loss carryforward	$ 24,818	$ 23,490
Reinsurance assets	50,175	48,717
Net unrealized investment losses	4,780	7,100
Policyholder dividend obligation	2,023	1,998
Policyholder dividend	323	259
Commission receivable, net	6,822	6,813
Incentive compensation	581	378
Other	3,893	2,902
Total deferred tax assets	93,415	91,657
Valuation allowance	(26,637)	(24,426)
Total deferred income tax assets	66,778	67,231
Deferred tax liabilities:
Life insurance reserves	25,753	27,539
Deferred policy acquisition cost	4,948	7,096
Intangible assets	344	344
Basis difference - investments	593	464
Fixed assets	2,507	2,784
Other	237	567
Total deferred tax liabilities	34,382	38,794
Deferred income tax assets, net	$ 32,396	$ 28,437

Income Taxes - Summary of Net O

Income Taxes - Summary of Net Operating Loss Carryforwards (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 118,180
Tax Year 2025
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	1,229
Tax Year 2026
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	5,249
Tax Year 2027
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	5,057
Tax Year 2028
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	3,061
Tax Year 2029
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	1,708
Tax Year 2030
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	8,121
Tax Year 2031
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	5,361
Tax Year 2032
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	2,539
Tax Year 2033
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	1,099
Tax Year 2034
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	13,527
Tax Year 2035
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	5,311
Tax Year 2036
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	5,267
Tax Year 2037
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	4,266
No Expiration Year
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	56,385
Non-Life Sub-Group
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	118,180
Non-Life Sub-Group | Tax Year 2025
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	1,229
Non-Life Sub-Group | Tax Year 2026
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	5,249
Non-Life Sub-Group | Tax Year 2027
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	5,057
Non-Life Sub-Group | Tax Year 2028
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	3,061
Non-Life Sub-Group | Tax Year 2029
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	1,708
Non-Life Sub-Group | Tax Year 2030
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	8,121
Non-Life Sub-Group | Tax Year 2031
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	5,361
Non-Life Sub-Group | Tax Year 2032
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	2,539
Non-Life Sub-Group | Tax Year 2033
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	1,099
Non-Life Sub-Group | Tax Year 2034
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	13,527
Non-Life Sub-Group | Tax Year 2035
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	5,311
Non-Life Sub-Group | Tax Year 2036
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	5,267
Non-Life Sub-Group | Tax Year 2037
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	4,266
Non-Life Sub-Group | No Expiration Year
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 56,385

Policy Liabilities - Additional

Policy Liabilities - Additional Information (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Liability For Future Policy Benefit By Product Segment [Line Items]
Percentage of participating life insurance in force	2.30%	3.90%
Structured Settlement Contract
Liability For Future Policy Benefit By Product Segment [Line Items]
Policy liability	$ 12,665	$ 13,118
Policy liability that are life contingent	10,014	10,097
Structured Settlement Annuity Deficiency
Liability For Future Policy Benefit By Product Segment [Line Items]
Policy liability	$ 629	$ 470

Reinsurance - Additional Inform

Reinsurance - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Jan. 01, 2022
Effects Of Reinsurance [Line Items]
Reinsurance, uncollectible or anticipated failure, amount	$ 200	$ 100
Transaction to initial ceded premium			$ 6,500
Decrease in ceded future policy benefits	657
Amounts recoverable on paid claims	1,400	1,100
Fixed-Rate Annuity | Policyholder Account Balances
Effects Of Reinsurance [Line Items]
Reserves related to fixed-rate annuity deposits	62,665	69,070
Other Income
Effects Of Reinsurance [Line Items]
Net policy charges on universal life products	$ 178	$ 181

Reinsurance - Schedule of Reins

Reinsurance - Schedule of Reinsurance Recoverables (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Insurance [Abstract]
Ceded future policy benefits	$ 198,973	$ 173,904
Claims and other amounts recoverable	39,625	40,958
Ending balance	$ 238,598	$ 214,862

Reinsurance - Schedule of Recon

Reinsurance - Schedule of Reconciliation of Direct Premiums to Net Premiums (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Insurance [Abstract]
Direct premiums	$ 181,638	$ 174,600
Assumed premiums	35,871	45,637
Ceded premiums	(120,670)	(120,162)
Net insurance premiums	$ 96,839	$ 100,075

Reinsurance - Schedule of Rec_2

Reinsurance - Schedule of Reconciliation of Direct Assumed and Ceded Amount for Life, Annuity and Health Claim Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Insurance [Abstract]
Direct	$ 126,937	$ 139,083
Assumed	19,990	20,459
Ceded	(79,253)	(92,040)
Life, annuity, and health claim benefits	$ 67,674	$ 67,502

Retirement and Executive Comp_2

Retirement and Executive Compensation Plans - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Operating Costs and Expenses
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plan expense	$ 608	$ 712

Closed Block - Additional Infor

Closed Block - Additional Information (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Oct. 31, 2011
Closed Block Disclosure [Abstract]
Assets transferred from closed block				$ 4,397
Additional closed block funding and accrued interest	$ 11,143	$ 10,792
Policyholder dividend obligation	$ 9,636	$ 9,515	$ 12,669

Closed Block - Schedule of Info

Closed Block - Schedule of Information Regarding Closed Block Liabilities (Assets) Designated to Closed Block (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Closed Block Liabilities
Future policy benefits and claims	$ 29,144	$ 29,382
Policyholder account balances	6,492	6,731
Other policyholder liabilities	5,207	5,298
Policyholder dividend obligation	9,636	9,515	$ 12,669
Other liabilities	2,068	586
Total Closed Block liabilities	52,547	51,512
Investments:
Fixed maturities - available-for-sale (amortized cost $42,506 and $40,522, respectively)	39,678	36,625
Policyholder loans	1,234	1,132
Total investments	40,912	37,757
Premiums due and uncollected	81	1,852
Accrued investment income	484	457
Reinsurance recoverables	14,739	13,885
Deferred income tax assets, net	4,100	4,263
Total assets designated to the Closed Block	60,316	58,214
Excess of Closed Block assets over liabilities	7,769	6,702
Amounts included in accumulated other comprehensive income:
Unrealized investment loss (gains), net of income tax	(2,234)	(3,079)
Total amounts included in accumulated other comprehensive income	(2,234)	(3,079)
Maximum future earnings and accumulated other comprehensive income to be recognized from Closed Block assets and liabilities (includes excess assets of $11,143 and $10,792, respectively)	$ (10,003)	$ (9,781)

Closed Block - Schedule of In_2

Closed Block - Schedule of Information Regarding Closed Block Liabilities (Assets) Designated to Closed Block (Parenthetical) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Closed Block Disclosure [Abstract]
Fixed maturity securities available for sale amortized cost	$ 42,506	$ 40,522
Excess assets	$ 11,143	$ 10,792

Closed Block - Schedule of In_3

Closed Block - Schedule of Information Regarding Policyholder Dividend Obligations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Policyholder Dividend Obligations
Beginning balance	$ 9,515	$ 12,669
Impact from earnings allocable to policyholder dividend obligations	121	(165)
Change in net unrealized investment gains (losses) allocated to policyholder dividend obligations		(2,989)
Ending balance	$ 9,636	$ 9,515

Closed Block - Schedule of In_4

Closed Block - Schedule of Information Regarding Closed Block Revenues and Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Revenues
Net insurance premiums	$ 3,991	$ 3,073
Net investment income	1,788	1,666
Net Realized Investment Gains (Losses)	9	(1)
Total revenues	5,788	4,738
Benefits and expenses
Life and annuity benefits - including policyholder dividends of $1,855 and $1,483, respectively	5,077	4,994
Interest credited to policyholder account balances	165	169
Operating costs and expenses	265	(484)
Total expenses	5,507	4,679
Revenues, net of expenses before provision for income tax expense (benefit)	281	58
Income tax expense (benefit)	59	12
Revenues, net of expenses and provision for income tax expense (benefit)	$ 222	$ 46

Closed Block - Schedule of In_5

Closed Block - Schedule of Information Regarding Closed Block Revenues and Expenses (Parenthetical) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Closed Block Disclosure [Abstract]
Policyholders dividends	$ 1,855	$ 1,483

Closed Block - Schedule of Amor

Closed Block - Schedule of Amortized Cost and Fair Value of Closed Block Fixed Maturity Securities Portfolio by Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Closed Block Disclosure [Abstract]
Amortized Cost, Due in one year or less	$ 4,057
Amortized Cost, Due after one year through five years	3,656
Amortized Cost, Due after five years through ten years	7,330
Amortized Cost, Due after ten years	24,186
Amortized Cost, Securities not due at a single maturity date - primarily mortgage and asset-backed	3,277
Amortized Cost, Total fixed maturities	42,506	$ 40,522
Fair Value, Due in one year or less	4,005
Fair Value, Due after one year through five years	3,675
Fair Value, Due after five years through ten years	7,105
Fair Value, Due after ten years	21,697
Fair Value, Securities not due at a single maturity date - primarily mortgage and asset-backed	3,196
Fair Value, Total fixed maturities	$ 39,678	$ 36,625

Regulatory Matters - Additional

Regulatory Matters - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Conversion by Director
Statutory Accounting Practices [Line Items]
Period of utilization of fund after conversion	24 months
Proceeds of IPO	$ 20,000,000
Amount required to fund operations	20,000,000
Fidelity Life
Statutory Accounting Practices [Line Items]
Declared and paid dividends	$ 5,000,000	$ 0
Illinois
Statutory Accounting Practices [Line Items]
Dividend payment, description	The maximum amount of dividends that can be paid by Illinois life insurance companies to shareholders without 30 days prior notice to the Director of the IDOI is the greater of (i) statutory net income for the preceding year or (ii) 10% of statutory surplus as of the preceding year-end.
Illinois | Fidelity Life
Statutory Accounting Practices [Line Items]
Minimum capital and surplus level	$ 2,000,000

Regulatory Matters - Schedule o

Regulatory Matters - Schedule of Statutory Capital and Surplus and Net Income (Details) - Fidelity Life - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Statutory Accounting Practices [Line Items]
Statutory capital and surplus	$ 94,349	$ 106,260
Statutory net income (loss)	$ 3,925	$ 1,282

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Minimum Future Operating Lease Payments (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2024	$ 588
2025	281
2026	240
2027	247
2028	254
2029	116
Total	$ 1,726

Commitments and Contingencies_2

Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Lease expense	$ 1,001	$ 1,393

Assets and Liabilities Measur_3

Assets and Liabilities Measured at Fair Value - Summary of Assets and Liabilities Carried at Fair Value on Recurring and Non-recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Recurring fair value measurements
Fixed maturities	$ 313,382	$ 298,138
Fair Value, Measurements, Recurring
Recurring fair value measurements
Fixed maturities	313,383	298,138
Total recurring assets	313,383	298,138
Fair Value, Measurements, Recurring | Level 1
Recurring fair value measurements
Fixed maturities	2,258	2,847
Total recurring assets	2,258	2,847
Fair Value, Measurements, Recurring | Level 2
Recurring fair value measurements
Fixed maturities	281,023	264,726
Total recurring assets	281,023	264,726
Fair Value, Measurements, Recurring | Level 3
Recurring fair value measurements
Fixed maturities	30,102	30,565
Total recurring assets	30,102	30,565
U.S. Government and Agencies
Recurring fair value measurements
Fixed maturities	10,065	9,106
U.S. Government and Agencies | Fair Value, Measurements, Recurring
Recurring fair value measurements
Fixed maturities	10,065	9,106
U.S. Government and Agencies | Fair Value, Measurements, Recurring | Level 2
Recurring fair value measurements
Fixed maturities	10,065	9,106
U.S. Agency Mortgage-backed
Recurring fair value measurements
Fixed maturities	6,718	8,878
U.S. Agency Mortgage-backed | Fair Value, Measurements, Recurring
Recurring fair value measurements
Fixed maturities	6,718	8,878
U.S. Agency Mortgage-backed | Fair Value, Measurements, Recurring | Level 2
Recurring fair value measurements
Fixed maturities	6,718	8,878
State and Political Subdivisions
Recurring fair value measurements
Fixed maturities	70,219	56,224
State and Political Subdivisions | Fair Value, Measurements, Recurring
Recurring fair value measurements
Fixed maturities	70,219	56,224
State and Political Subdivisions | Fair Value, Measurements, Recurring | Level 2
Recurring fair value measurements
Fixed maturities	69,726	55,782
State and Political Subdivisions | Fair Value, Measurements, Recurring | Level 3
Recurring fair value measurements
Fixed maturities	493	442
Corporate and Miscellaneous
Recurring fair value measurements
Fixed maturities	165,296	156,481
Corporate and Miscellaneous | Fair Value, Measurements, Recurring
Recurring fair value measurements
Fixed maturities	165,297	156,481
Corporate and Miscellaneous | Fair Value, Measurements, Recurring | Level 1
Recurring fair value measurements
Fixed maturities	2,258	2,847
Corporate and Miscellaneous | Fair Value, Measurements, Recurring | Level 2
Recurring fair value measurements
Fixed maturities	136,688	126,644
Corporate and Miscellaneous | Fair Value, Measurements, Recurring | Level 3
Recurring fair value measurements
Fixed maturities	26,351	26,990
Foreign Government
Recurring fair value measurements
Fixed maturities	135	131
Foreign Government | Fair Value, Measurements, Recurring
Recurring fair value measurements
Fixed maturities	135	131
Foreign Government | Fair Value, Measurements, Recurring | Level 2
Recurring fair value measurements
Fixed maturities	135	131
Residential Mortgage-backed
Recurring fair value measurements
Fixed maturities	6,875	4,430
Residential Mortgage-backed | Fair Value, Measurements, Recurring
Recurring fair value measurements
Fixed maturities	6,875	4,430
Residential Mortgage-backed | Fair Value, Measurements, Recurring | Level 2
Recurring fair value measurements
Fixed maturities	6,875	4,430
Commercial Mortgage-backed
Recurring fair value measurements
Fixed maturities	20,388	19,462
Commercial Mortgage-backed | Fair Value, Measurements, Recurring
Recurring fair value measurements
Fixed maturities	20,388	19,462
Commercial Mortgage-backed | Fair Value, Measurements, Recurring | Level 2
Recurring fair value measurements
Fixed maturities	20,388	19,462
Asset-backed
Recurring fair value measurements
Fixed maturities	33,686	43,426
Asset-backed | Fair Value, Measurements, Recurring
Recurring fair value measurements
Fixed maturities	33,686	43,426
Asset-backed | Fair Value, Measurements, Recurring | Level 2
Recurring fair value measurements
Fixed maturities	30,428	40,293
Asset-backed | Fair Value, Measurements, Recurring | Level 3
Recurring fair value measurements
Fixed maturities	$ 3,258	$ 3,133

Assets and Liabilities Measur_4

Assets and Liabilities Measured at Fair Value - Summary of Changes in Fair Value of Level 3 Assets Held at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Net Income (Loss)	Net Income (Loss)
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration]	OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, after Tax	OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, after Tax
Fixed Maturities, Available-for-Sale | Level 3
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Financial Assets, Beginning Balance	$ 30,566	$ 28,076
Total gains (losses) included in: Net Income (loss)	68	(120)
Total gains (losses) included in: OCI	306	(779)
Purchases	3,640	5,105
Sales	(4,850)	(3,842)
Settlements	0	1,468
Net Transfers	372	658
Financial Assets, Ending Balance	30,102	30,566
State and Political Subdivisions | Fixed Maturities, Available-for-Sale | Level 3
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Financial Assets, Beginning Balance	442	498
Total gains (losses) included in: OCI	50	(56)
Financial Assets, Ending Balance	492	442
Corporate and Miscellaneous | Fixed Maturities, Available-for-Sale | Level 3
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Financial Assets, Beginning Balance	26,991	24,740
Total gains (losses) included in: Net Income (loss)	(38)	2
Total gains (losses) included in: OCI	74	(398)
Purchases	2,982	3,198
Sales	(4,030)	(2,582)
Settlements	0	1,468
Net Transfers	372	563
Financial Assets, Ending Balance	26,351	26,991
Asset-backed | Fixed Maturities, Available-for-Sale | Level 3
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Financial Assets, Beginning Balance	3,133	2,838
Total gains (losses) included in: Net Income (loss)	106	(122)
Total gains (losses) included in: OCI	182	(325)
Purchases	658	1,907
Sales	(820)	(1,260)
Settlements		0
Net Transfers	0	95
Financial Assets, Ending Balance	$ 3,259	$ 3,133

Assets and Liabilities Measur_5

Assets and Liabilities Measured at Fair Value - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) Investment	Dec. 31, 2022 USD ($) Investment
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Number of investments transferred from level 3 to level 2 | Investment	1	2
Number of investments transferred from level 2 to level 3 | Investment	3	6
Mortgage loans | $	$ 40,534	$ 45,270
Second and Mezzanine Mortgages
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Mortgage loans | $	$ 1,098	$ 1,952

Assets and Liabilities Measur_6

Assets and Liabilities Measured at Fair Value - Summary of Carrying Amount and Estimated Fair Values of Financial Instruments not Measured at Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Carrying Value
Financial instruments recorded as assets:
Mortgage loans	$ 40,534	$ 45,270
Policyholder loans	7,149	6,699
Financial instruments recorded as liabilities:
Future policy benefits, excluding term life reserves	16,307	16,555
Long/short-term debt	49,010	37,189
Policyholder account balances	70,726	77,443
Estimated Fair Value
Financial instruments recorded as assets:
Mortgage loans	37,005	41,622
Policyholder loans	8,234	7,722
Financial instruments recorded as liabilities:
Future policy benefits, excluding term life reserves	15,319	15,192
Long/short-term debt	51,927	36,763
Policyholder account balances	65,881	70,157
Estimated Fair Value | Level 3
Financial instruments recorded as assets:
Mortgage loans	37,005	41,622
Policyholder loans	8,234	7,722
Financial instruments recorded as liabilities:
Future policy benefits, excluding term life reserves	15,319	15,192
Long/short-term debt	51,927	36,763
Policyholder account balances	$ 65,881	$ 70,157

Long and Short-Term Debt - Addi

Long and Short-Term Debt - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Minimum aggregate amount advanced under arrangement	$ 46,000,000
Net advance from external party	40,393,000	$ 31,100,000
Federal Home Loan Bank of Chicago
Debt Instrument [Line Items]
Common stock held	270,000	180,000
Proceeds from borrowings	21,000,000
Repayment of borrowings		4,000,000
Pledged assets	0	0
Outstanding borrowings	$ 0	$ 0

Long and Short-Term Debt - Sche

Long and Short-Term Debt - Schedule of Long Term and Short Term Debt Pay Back (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Debt Disclosure [Abstract]
Due in one year or less	$ 9,249
Due after one year through two years	6,632
Due after two years through three years	6,175
Due after three years through four years	5,721
Due after four years through five years	5,221
Due after five years	40,252
Less discount	(24,240)
Total long/short-term debt	$ 49,010

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Changes in Accumulated Other Comprehensive (Loss) Income, Net of Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income Loss [Line Items]
Balance – beginning of period	$ 111,343
Other comprehensive (loss) income
Unrealized holding gains (losses) from changes in the market value of securities	11,047	$ (59,600)
Impact on Policy benefit liabilities of changes in market value of securities	(159)	5,934
Change in net unrealized investment (losses) gains allocated to policyholder dividend obligations		2,989
Income tax (expense) benefit	(1,938)	9,576
Total other comprehensive income (loss)	8,950	(41,101)
Balance – end of period	110,213	111,343
Net Unrealized Gains (Losses) on Investments with Credit Losses
Accumulated Other Comprehensive Income Loss [Line Items]
Balance – beginning of period	362
Other comprehensive (loss) income
Balance – end of period	362	362
Net Unrealized Gains (Losses) on Investments with OTTI Losses
Accumulated Other Comprehensive Income Loss [Line Items]
Balance – beginning of period	362	362
Other comprehensive (loss) income
Balance – end of period		362
Net Unrealized Gains (Losses) on Other Investments
Accumulated Other Comprehensive Income Loss [Line Items]
Balance – beginning of period	(30,534)	10,567
Other comprehensive (loss) income
Unrealized holding gains (losses) from changes in the market value of securities	11,047	(59,600)
Impact on Policy benefit liabilities of changes in market value of securities	(159)	5,934
Change in net unrealized investment (losses) gains allocated to policyholder dividend obligations		2,989
Income tax (expense) benefit	(1,938)	9,576
Total other comprehensive income (loss)	8,950	(41,101)
Balance – end of period	(21,584)	(30,534)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income Loss [Line Items]
Balance – beginning of period	(30,172)	10,929
Other comprehensive (loss) income
Balance – end of period	$ (21,222)	$ (30,172)

Business Segments - Additional

Business Segments - Additional Information (Details)	12 Months Ended
	Dec. 31, 2023 Segment
Segment Reporting [Abstract]
Number of reportable segments	3

Business Segments - Schedule of

Business Segments - Schedule of Segment Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Net insurance premiums	$ 96,839	$ 100,075
Net investment income	16,613	16,036
Net (losses) gains on investments	(2,507)	(327)
Earned commissions	59,937	42,634
Other income	6,683	5,494
Total revenues	177,565	163,912
Life, annuity, and health claim benefits	70,312	70,282
Operating costs and expenses	104,151	97,755
Amortization of deferred policy acquisition costs	13,954	18,443
Total benefits and expenses	188,417	186,480
(Loss) Income before income tax	(10,852)	(22,568)
Investments and cash	371,473	363,576
Commissions and agent balances	53,494	34,766
Deferred policy acquisition costs	88,076	90,189	$ 95,715
Intangible assets	1,635	1,635
Reinsurance recoverables net	238,598	214,862
Deferred income tax assets, net	32,396	28,437
Other	37,146	36,613
Total assets	822,818	770,078
Operating Segments | Insurance
Segment Reporting Information [Line Items]
Net insurance premiums	96,839	100,075
Net investment income	16,305	15,556
Net (losses) gains on investments	(2,143)	(590)
Other income	1,104	604
Total revenues	112,105	115,645
Life, annuity, and health claim benefits	70,312	70,282
Operating costs and expenses	31,341	34,572
Amortization of deferred policy acquisition costs	13,954	18,443
Total benefits and expenses	115,607	123,297
(Loss) Income before income tax	(3,502)	(7,652)
Investments and cash	367,746	358,620
Commissions and agent balances	8,471	4,751
Deferred policy acquisition costs	88,076	90,189
Reinsurance recoverables net	238,598	214,862
Deferred income tax assets, net	19,195	13,489
Other	27,623	26,800
Total assets	749,709	708,711
Operating Segments | Agency
Segment Reporting Information [Line Items]
Earned commissions	60,282	43,063
Other income	5,579	4,890
Total revenues	65,861	47,953
Operating costs and expenses	64,417	56,648
Total benefits and expenses	64,417	56,648
(Loss) Income before income tax	1,444	(8,695)
Investments and cash	643	1,094
Commissions and agent balances	45,023	30,015
Intangible assets	1,635	1,635
Other	9,009	5,869
Total assets	56,310	38,613
Operating Segments | Corporate & Other
Segment Reporting Information [Line Items]
Net investment income	308	480
Net (losses) gains on investments	(364)	263
Earned commissions	(345)	(429)
Total revenues	(401)	314
Operating costs and expenses	8,393	6,535
Total benefits and expenses	8,393	6,535
(Loss) Income before income tax	(8,794)	(6,221)
Investments and cash	3,084	3,862
Deferred income tax assets, net	13,201	14,948
Other	514	3,944
Total assets	$ 16,799	$ 22,754

Schedule I - Summary of Inves_2

Schedule I - Summary of Investments Other Than Investments in Related Parties (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Cost/Amortized Cost	$ 386,791
Fair Value	360,985
Balance Sheet	363,429
Bonds
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Cost/Amortized Cost	336,142
Fair Value	313,382
Balance Sheet	313,382
Bonds | U.S. Government and Agencies
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Cost/Amortized Cost	10,188
Fair Value	10,065
Balance Sheet	10,065
Bonds | U.S. Agency Mortgage-backed
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Cost/Amortized Cost	7,173
Fair Value	6,718
Balance Sheet	6,718
Bonds | State and Political Subdivisions
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Cost/Amortized Cost	79,362
Fair Value	70,219
Balance Sheet	70,219
Bonds | Corporate and Miscellaneous
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Cost/Amortized Cost	174,263
Fair Value	165,296
Balance Sheet	165,296
Bonds | Foreign Government
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Cost/Amortized Cost	130
Fair Value	135
Balance Sheet	135
Bonds | Residential Mortgage-Backed Securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Cost/Amortized Cost	7,302
Fair Value	6,875
Balance Sheet	6,875
Bonds | Commercial Mortgage-Backed Securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Cost/Amortized Cost	22,043
Fair Value	20,388
Balance Sheet	20,388
Bonds | Asset Backed Securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Cost/Amortized Cost	35,681
Fair Value	33,686
Balance Sheet	33,686
Mortgage Loans
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Cost/Amortized Cost	40,534
Fair Value	37,005
Balance Sheet	40,534
Policy Loans
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Cost/Amortized Cost	7,149
Fair Value	8,234
Balance Sheet	7,149
Other Invested Assets
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Cost/Amortized Cost	2,966
Fair Value	2,364
Balance Sheet	$ 2,364

Schedule II - Condensed Finan_2

Schedule II - Condensed Financial Information of Registrant (Parent Company) Statement of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Revenues
Total revenues	$ 177,565	$ 163,912
Expenses
Operating costs and expenses	104,151	97,755
Income tax (benefit) expense	(959)	(2,108)
Net (loss) income	(9,893)	(20,460)
Total comprehensive (loss) income	(943)	(61,561)
Parent Company
Revenues
Net investment income and (losses) gains	(56)	786
Total revenues	(56)	786
Expenses
Operating costs and expenses	7,853	5,650
Total expenses	7,853	5,650
(Loss) Income before income taxes	(7,909)	(4,864)
Income tax (benefit) expense	(607)	(298)
Net (loss) income before equity in net loss of subsidiary	(7,302)	(4,566)
Equity in net (loss) of subsidiary	(2,591)	(15,894)
Net (loss) income	(9,893)	(20,460)
Equity in other comprehensive income of subsidiary	8,950	(41,101)
Total comprehensive (loss) income	$ (943)	$ (61,561)

Schedule II - Condensed Finan_3

Schedule II - Condensed Financial Information of Registrant (Parent Company) - Statement of Financial Position (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets
Fixed maturities, available-for-sale, Fair Value	$ 313,382	$ 298,138
Other invested assets	2,364	3,693
Cash, cash equivalents and restricted cash	8,044	9,776
Other assets	33,516	33,607
Total assets	822,818	770,078
Liabilities
Other liabilities	33,057	27,093
Total liabilities	712,605	658,735
Shareholders' Equity
Common stock, $.001 par value, 30,000,000 shares authorized, 14,875,000 shares, issued and outstanding	15	15
Additional paid-in capital	39,840	39,840
Retained earnings	91,580	101,660
Accumulated other comprehensive (loss) income	(21,222)	(30,172)
Total shareholders' equity	110,213	111,343
Total liabilities and shareholders' equity	822,818	770,078
Parent Company
Assets
Investment in subsidiaries	104,889	98,168
Fixed maturities, available-for-sale, Fair Value	2,871	2,563
Other invested assets	0	818
Cash, cash equivalents and restricted cash	153	419
Inter-company receivables	301	8,433
Current income tax receivable	2,085	1,477
Other assets	514	635
Total assets	110,813	112,513
Liabilities
Other liabilities	600	1,170
Total liabilities	600	1,170
Shareholders' Equity
Common stock, $.001 par value, 30,000,000 shares authorized, 14,875,000 shares, issued and outstanding	15	15
Additional paid-in capital	39,840	39,840
Retained earnings	91,580	101,660
Accumulated other comprehensive (loss) income	(21,222)	(30,172)
Total shareholders' equity	110,213	111,343
Total liabilities and shareholders' equity	$ 110,813	$ 112,513

Schedule II - Condensed Finan_4

Schedule II - Condensed Financial Information of Registrant (Parent Company) - Statement of Financial Position (Parenthetical) (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Condensed Balance Sheet Statements Captions [Line Items]
Fixed maturities - available-for-sale -amortized cost	$ 336,142	$ 331,946
Common stock, par value	$ 0.001	$ 0.001
Common stock, authorized shares	30,000,000	30,000,000
Common stock, shares issued	14,875,000	14,875,000
Common stock, shares outstanding	14,875,000	14,875,000
Parent Company
Condensed Balance Sheet Statements Captions [Line Items]
Fixed maturities - available-for-sale -amortized cost	$ 2,871	$ 2,563
Common stock, par value	$ 0.001	$ 0.001
Common stock, authorized shares	30,000,000	30,000,000
Common stock, shares issued	14,875,000	14,875,000
Common stock, shares outstanding	14,875,000	14,875,000

Schedule II - Condensed Finan_5

Schedule II - Condensed Financial Information of Registrant (Parent Company) - Condensed Statement of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities
Net (loss) income	$ (9,893)	$ (20,460)
Adjustments to reconcile net income to net cash provided (used) by operations:
Net investment (gains) losses	2,507	327
Change in:
Accrued investment income	(624)	(416)
Other liabilities	3,261	707
Other assets	2,566	(402)
Net cash provided (used) by operating activities	4,833	(7,370)
Cash flows from investing activities
Purchases of fixed maturities	(49,019)	(42,373)
Sales of other invested assets	454
Sales of fixed maturities	44,466	37,534
Net cash (used) provided by investing activities	(6,680)	(8,766)
Net (decrease) in cash, cash equivalents and restricted cash	(1,732)	(12,623)
Cash, cash equivalents and restricted cash – beginning of period	9,776	22,399
Cash, cash equivalents and restricted cash – end of period	8,044	9,776
Parent Company
Cash flows from operating activities
Net (loss) income	(9,893)	(20,460)
Adjustments to reconcile net income to net cash provided (used) by operations:
Equity in earnings of subsidiaries	2,591	15,894
Net investment (gains) losses	364	(263)
Accretion of bond discount	(308)	(462)
Change in:
Due to subsidiaries	7,582	(1,338)
Accrued investment income	0
Other liabilities	(570)	(874)
Other assets	121	120
Income tax	(607)	136
Net cash provided (used) by operating activities	(720)	(7,247)
Cash flows from investing activities
Purchases of fixed maturities	0	(228)
Sales of other invested assets	454
Sales of fixed maturities	0	4,010
Net cash (used) provided by investing activities	454	3,782
Net (decrease) in cash, cash equivalents and restricted cash	(266)	(3,465)
Cash, cash equivalents and restricted cash – beginning of period	419	3,884
Cash, cash equivalents and restricted cash – end of period	$ 153	$ 419

Schedule III - Summary of Suppl

Schedule III - Summary of Supplementary Insurance Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Supplementary Insurance Information by Segment [Line Items]
Deferred Policy Acquisition Costs	$ 88,076	$ 90,189
Future Policy Benefits Losses and Expenses	502,464	453,763
Other Policy Claims and Benefits Payable	121,812	134,444
Net Insurance Premiums	96,839	100,075
Net Investment Income	16,613	16,036
Benefits, Claims, Losses and Settlement Expenses	70,312	70,282
Amortization of DAC	13,954	18,443
Other Operating Expenses	104,151	97,755
Operating Segments | Insurance
Supplementary Insurance Information by Segment [Line Items]
Deferred Policy Acquisition Costs	88,076	90,189
Future Policy Benefits Losses and Expenses	502,464	453,763
Other Policy Claims and Benefits Payable	121,812	134,444
Net Insurance Premiums	96,839	100,075
Net Investment Income	16,305	15,556
Benefits, Claims, Losses and Settlement Expenses	70,312	70,282
Amortization of DAC	13,954	18,443
Other Operating Expenses	31,341	34,572
Operating Segments | Agency
Supplementary Insurance Information by Segment [Line Items]
Other Operating Expenses	64,417	56,648
Operating Segments | Corporate and Other
Supplementary Insurance Information by Segment [Line Items]
Net Investment Income	308	480
Other Operating Expenses	$ 8,393	$ 6,535

Schedule IV - Reinsurance (Deta

Schedule IV - Reinsurance (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Reinsurance Premiums for Insurance Companies by Product Segment [Line Items]
Gross Amount	$ 181,638	$ 174,600
Ceded to Other Companies	120,670	120,162
Assumed From Other Companies	35,871	45,637
Net Amount	$ 96,839	$ 100,075
Percentage of Amount Assumed to Net	37%	45.60%
Life Insurance Face Amount In-force
Reinsurance Premiums for Insurance Companies by Product Segment [Line Items]
Gross Amount	$ 40,967	$ 35,139
Ceded to Other Companies	36,415	33,815
Assumed From Other Companies	2,564	3,188
Net Amount	$ 7,116	$ 4,512
Percentage of Amount Assumed to Net	36%	70.70%
Life Insurance Premiums
Reinsurance Premiums for Insurance Companies by Product Segment [Line Items]
Gross Amount	$ 181,035	$ 173,944
Ceded to Other Companies	120,537	120,015
Assumed From Other Companies	35,871	45,637
Net Amount	$ 96,369	$ 99,566
Percentage of Amount Assumed to Net	37.20%	45.80%
Accident and Health Premiums
Reinsurance Premiums for Insurance Companies by Product Segment [Line Items]
Gross Amount	$ 603	$ 656
Ceded to Other Companies	133	147
Net Amount	$ 470	$ 509
Percentage of Amount Assumed to Net	0%	0%

Schedule V - Valuation and Qu_2

Schedule V - Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	$ 24,973	$ 20,709
Additions Charged to Costs and Expenses	2,851	3,315
Additions Other	(111)	1,066
Deductions		117
Balance at End of Period	27,713	24,973
Allowance for Losses on Commercial Mortgage Loans
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	83	69
Additions Charged to Costs and Expenses	253	14
Additions Other	237
Balance at End of Period	573	83
Allowance for Uncollectible Receivables
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	464	581
Additions Charged to Costs and Expenses	39
Deductions		117
Balance at End of Period	503	464
Valuation Allowance on Deferred Tax Assets
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	24,426	20,059
Additions Charged to Costs and Expenses	2,559	3,301
Additions Other	(348)	1,066
Balance at End of Period	$ 26,637	$ 24,426