Vericity (VERY) 10-Q 14 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Aug. 08, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Entity Registrant Name	Vericity, Inc.
Trading Symbol	VERY
Entity Central Index Key	0001575434
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		14,875,000
Entity Current Reporting Status	No
Entity File Number	001-38945
Entity Tax Identification Number	462348863
Entity Address, Address Line One	8700 W. Bryn Mawr Avenue
Entity Address, Address Line Two	Suite 900S
Entity Address, City or Town	Chicago
Entity Address, State or Province	Illinois
Entity Address, Postal Zip Code	60631
City Area Code	312
Local Phone Number	288-0073

Interim Condensed Consolidated

Interim Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Investments:
Fixed maturities – available-for-sale – at fair value (amortized cost; $297,360 and $304,303)	$ 314,856	$ 306,586
Equity securities – available-for-sale – at fair value (cost; $104 and $99)	104	99
Equity securities – trading – at fair value (cost; $6,416 and $6,328)	5,682	4,823
Mortgage loans (net of valuation allowances of $62 and $236)	54,297	50,830
Limited partnership interests	13	118
Policyholder loans	5,708	5,623
Total investments	380,660	368,079
Cash and cash equivalents	14,254	20,984
Accrued investment income	2,726	2,985
Reinsurance recoverable	134,861	136,601
Deferred policy acquisition costs	85,231	84,567
Commissions and agent balances (net of allowances of $466 and $562)	13,268	1,864
Intangible assets	1,675	1,716
Deferred income tax assets, net	8,104	10,663
Other assets	32,742	27,511
Total assets	673,521	654,970
Liabilities:
Future policy benefits and claims	327,811	320,397
Policyholder account balances	90,186	93,051
Other policyholder liabilities	23,292	25,738
Policy dividend obligations	11,155	9,383
Reinsurance liabilities and payables	5,377	6,167
Long-term debt	13,542	10,294
Short-term debt	3,633	3,072
Other liabilities	17,291	14,678
Total liabilities	492,287	482,780
Commitments and contingencies
Equity:
Retained earnings	174,296	174,558
Accumulated other comprehensive income (loss)	6,938	(2,368)
Total equity	181,234	172,190
Total liabilities and equity	$ 673,521	$ 654,970

Interim Condensed Consolidate_2

Interim Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Statement Of Financial Position [Abstract]
Fixed maturities – available-for-sale – amortized cost	$ 297,360	$ 304,303
Equity securities – available-for-sale - cost	104	99
Equity securities – trading - cost	6,416	6,328
Mortgage loans, valuation allowances	62	236
Commissions and agent balances, allowances	$ 466	$ 562

Interim Condensed Consolidate_3

Interim Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
REVENUES:
Net insurance premiums	$ 25,791	$ 22,089	$ 48,880	$ 43,101
Net investment income	3,682	3,720	7,501	7,464
Sales and other net realized investment (losses) gains	(99)	682	949	121
Earned commissions	5,149	3,360	8,895	6,695
Insurance lead sales	1,444	2,123	2,879	4,305
Other income	87	44	142	157
Total revenue	36,054	32,018	69,246	61,843
BENEFITS AND EXPENSES:
Life, annuity, and health claim benefits	16,085	13,540	32,330	26,591
Interest credited to policyholder account balances	837	867	1,638	1,789
Operating costs and expenses	18,357	18,132	37,263	35,026
Amortization of deferred policy acquisition costs	3,383	2,791	6,522	5,616
Other expenses	20	41	42	83
Total benefits and expenses	38,682	35,371	77,795	69,105
(Loss) income from operations before income tax	(2,628)	(3,353)	(8,549)	(7,262)
Income tax (benefit) expense	(30)	(220)	284	(863)
Net (loss) income	$ (2,598)	$ (3,133)	$ (8,833)	$ (6,399)

Interim Condensed Consolidate_4

Interim Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement Of Income And Comprehensive Income [Abstract]
Net (loss) income	$ (2,598)	$ (3,133)	$ (8,833)	$ (6,399)
Comprehensive income (loss):
Net unrealized gains (losses) on investments (net of tax $1,225, ($701) and $2,474, ($2,080))	4,608	(2,636)	9,306	(7,824)
Total comprehensive income (loss) (net of tax $1,225, ($701) and $2,474, ($2,080))	4,608	(2,636)	9,306	(7,824)
Total comprehensive income (loss)	$ 2,010	$ (5,769)	$ 473	$ (14,223)

Interim Condensed Consolidate_5

Interim Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement Of Income And Comprehensive Income [Abstract]
Unrealized gains (losses) on investment, tax	$ 1,225	$ (701)	$ 2,474	$ (2,080)
Comprehensive income (loss), tax	$ 1,225	$ (701)	$ 2,474	$ (2,080)

Interim Condensed Consolidate_6

Interim Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($) $ in Thousands	Total	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Balance – beginning of period at Dec. 31, 2017		$ 188,405	$ 7,798
Balance after adjustments – beginning of period at Dec. 31, 2017		188,405
Net (loss) income attributable to the Company	$ (6,399)	(6,399)
Other comprehensive income (loss) attributable to the Company			(7,824)
Balance – end of period at Jun. 30, 2018	181,980	182,006	(26)
Balance – beginning of period at Dec. 31, 2018	172,190	174,558	(2,368)
Cumulative effect adjustment from changes in accounting guidance, net of tax	8,571	8,571
Balance after adjustments – beginning of period at Dec. 31, 2018		183,129
Net (loss) income attributable to the Company	(8,833)	(8,833)
Other comprehensive income (loss) attributable to the Company			9,306
Balance – end of period at Jun. 30, 2019	$ 181,234	$ 174,296	$ 6,938

Interim Condensed Consolidate_7

Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$ (8,833)	$ (6,399)
Adjustments to reconcile net (loss) to net cash provided (used) by operating activities:
Depreciation and amortization and other non-cash items	921	634
Interest credited to policyholder account balances	1,638	1,789
Deferred income tax	85	(888)
Realized investment gains	(949)	(121)
Interest expense	446	169
Change in:
Trading securities	(216)	(157)
Accrued investment income	258	230
Reinsurance recoverable	1,740	4,382
Deferred policy acquisition costs	(665)	(1,560)
Commissions and agent balances	(2,834)	639
Other assets	(3,672)	(572)
Insurance liabilities	3,309	(859)
Other liabilities	1,823	(4,061)
Net cash (used) provided by operating activities	(6,949)	(6,774)
Sales, maturities and repayments of:
Fixed maturity securities	60,356	45,194
Equity securities		10
Limited partnerships	138	780
Mortgage loans	1,215	2,735
Purchases of:
Fixed maturity securities	(53,467)	(39,216)
Limited partnerships	(38)
Mortgage loans	(4,508)	(5,930)
Change in policyholder loans, net	(86)	304
Other investments, net	(2,336)	(2,529)
Net cash provided (used) by investing activities	1,274	1,348
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of debt	6,845	9,343
Repayment of debt	(3,482)	(1,904)
Deposits to policyholder account balances	240	280
Withdrawals from policyholder account balances	(4,658)	(3,954)
Net cash (used) provided by financing activities	(1,055)	3,765
Net (decrease) in cash and cash equivalents	(6,730)	(1,661)
Cash and cash equivalents – beginning of period	20,984	11,766
Cash and cash equivalents – end of period	14,254	$ 10,105
Non-cash transactions
Cumulative effect adjustment from changes in accounting guidance, net of tax	$ 8,571

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Description of Business Vericity, Inc. is a Delaware corporation organized to be the stock holding company for Members Mutual Holding Company (Members Mutual) and its subsidiaries. On August 7, 2019, Vericity Inc. completed the initial public offering of 14,875,000 shares of its common stock at a price of $10.00 per share (the IPO). The IPO was conducted in connection with the conversion of Members Mutual from mutual to stock form and the acquisition by Vericity Inc. of all of the capital stock of Members Mutual following its conversion to stock form after its plan of conversion and amended and restated articles of incorporation were approved at a special meeting of eligible members on August 6, 2019 (the Conversion). As a result of the Conversion, Vericity Inc. became the holding company for converted Members Mutual and its indirect subsidiaries, including Fidelity Life Association and Efinancial, LLC. Members Mutual is an Illinois‑domiciled mutual insurance holding company. Members Mutual was formed in 2007 in connection with the conversion of Fidelity Life Association, a Legal Reserve Life Insurance Company (Fidelity Life), from a mutual insurance company into a stock insurance company. The members’ interests in Fidelity Life were transferred to Members Mutual as part of the reorganization. In addition, Fidelity LifeCorp, Inc. (Fidelity LifeCorp), a Delaware general business corporation, was formed as part of the reorganization. In 2011, the name of Fidelity LifeCorp was changed to LifeStory Interactive, Inc. In 2014, the name of LifeStory Interactive, Inc. was changed to Vericity Holdings, Inc. (Vericity). The aforementioned companies are collectively referred to as the “Company.” Members Mutual and Vericity operate as holding companies and currently have 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, LLC (Efinancial) markets life and other products for non‑affiliated insurance companies and sells life products for Fidelity Life. The accompanying interim condensed consolidated financial statements present the accounts of Members Mutual and subsidiaries for the three and six months ended June 30, 2019 and June 30, 2018 and at June 30, 2019 and December 31, 2018. These interim condensed consolidated financial statements and notes should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report for the year ended December 31, 2018. The results of operations for the interim periods should not be considered indicative of results to be expected for the full year. Basis of Presentation These interim condensed consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). The unaudited interim condensed consolidated financial information furnished herein reflects all adjustments which are, in the opinion of management, necessary to fairly state the results for the interim periods presented. All such adjustments are of a normal recurring nature. All intercompany accounts and transactions have been eliminated in consolidation. The consolidated results of operations for the interim periods presented are not necessarily indicative of results for the full year. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted from this report, as is permitted by such rules and regulations. Accordingly, these interim condensed consolidated financial statements should be read in conjunction with the financial statements as of and for the year ended December 31, 2018, and notes thereto, included in this registration statement. Use of Estimates The preparation of interim condensed 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. The more significant estimates employed in the preparation of the interim condensed consolidated financial statements include the determination of the valuation of investments in fixed maturities and equity securities, investment impairments, the valuation of deferred tax assets, future policy benefits and other policyholder liabilities. Revenue Recognition We adopted Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 606”) 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 (wholesale distribution) is recorded net of related commission expense paid to the writing agency. Our primary revenue-generating arrangements that are within the scope of ASU 606 are our brokerage arrangements with third parties. 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 significant 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; however, we have determined that the amount of our contract asset is immaterial. Additionally, because our brokerage arrangements consist of a single performance obligation that is satisfied at the point in time that policies are placed, we do not have any remaining performance obligations in our contracts with customers. We have evaluated our arrangements and concluded that none of our brokerage arrangements include a significant financing component, and therefore do not adjust revenue for the time value of money. We have determined that any contract costs (e.g., costs to obtain or costs to fulfill) related to our brokerage arrangements are immaterial. Our Chief Operating Decision Maker makes decisions by analyzing our segment information, which is included in Note 10. 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 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 transferred to the customer and recorded as a receivable, net of allowance for returns. Accounting Standards Adopted In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers The guidance is effective for interim and annual periods beginning after December 15, 2017. The core principle of the updated guidance is that an entity should recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments, changes in judgments, and assets recognized from costs incurred to obtain or fulfill a contract. The Company adopted the new revenue guidance effective January 1, 2019 using the modified retrospective approach. The cumulative effect changes to the Interim Condensed Consolidated Balance Sheet for the adoption of the updated guidance on January 1, 2019 were as follows: Balance at December 31, Adoption Adjustment Balance at January 1, ASSETS: 2018 Topic 606 2019 Commissions and agent balances $ 1,864 $ 8,571 $ 10,435 Deferred income tax assets, net 10,663 — 10,663 Retained earnings 174,558 8,571 183,129 The impact of adoption on the Interim Condensed Consolidated Statement of Operations and Balance Sheet as of June 30, 2019 and for the three and six months ended June 30, 2019 was as follows: Three Months Ended June 30, 2019 REVENUES: Before Adoption Adjustment Adoption Adjustment Effect After Adoption Adjustment Earned commissions $ 5,053 $ 96 $ 5,149 Total revenue 35,958 96 36,054 (Loss) income from operations before income tax (2,724 ) 96 (2,628 ) Income tax (benefit) expense (30 ) — (30 ) Net (loss) income (2,694 ) 96 (2,598 ) Six Months Ended June 30, 2019 REVENUES: Before Adoption Adjustment Adoption Adjustment Effect After Adoption Adjustment Earned commissions $ 8,696 $ 199 $ 8,895 Total revenue 69,047 199 69,246 (Loss) income from operations before income tax (8,748 ) 199 (8,549 ) Income tax expense (benefit) 284 — 284 Net (loss) income (9,032 ) 199 (8,833 ) Six Months Ended June 30, 2019 ASSETS: Before Adoption Adjustment Adoption Adjustment Effect After Adoption Adjustment Commissions and agent balances $ 13,069 $ 199 $ 13,268 Deferred income tax assets, net 8,104 — 8,104 LIABILITIES AND EQUITY: Equity: Retained earnings 174,097 199 174,296 In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments–Overall: Recognition and Measurement of Financial Assets and Financial Liabilities . T he updated guidance requires changes to the current financial instruments reporting model and is effective for annual periods beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019. The Company expects that the primary effects of the new guidance will be around the accounting for equity investments. All equity investments in unconsolidated entities (other than those accounted for using the equity method of accounting) will generally be measured at fair value through earnings. There will no longer be an available-for-sale classification for changes in fair value reported in other comprehensive income (loss) for equity securities with readily determinable fair values. Under the new guidance, changes in the fair value of equity securities will be reported as net realized investment gains (losses) in the Company's consolidated statement of operations. There is no impact to the Company’s results of operations or financial position as the Company holds no investment positions in this category.

Investments

Investments	6 Months Ended
	Jun. 30, 2019
Investments Debt And Equity Securities [Abstract]
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. Available‑for‑Sale Securities The amortized cost, gross unrealized gains, gross unrealized losses, fair value, and Other Than Temporary Impairments (OTTI) loss included in Accumulated Other Comprehensive Income (AOCI) of fixed maturities and equity securities available-for-sale are as follows: June 30, 2019 Fixed maturities, available-for-sale Amortized Cost Unrealized Gain Unrealized Loss Fair Value OTTI Losses U.S. government and agencies $ 15,823 $ 1,840 $ — $ 17,663 $ — U.S. agency mortgage-backed 40,960 770 (98 ) 41,632 — State and political subdivisions 18,658 1,616 — 20,274 — Corporate and miscellaneous 134,253 12,727 (754 ) 146,226 — Foreign government 131 28 — 159 — Residential mortgage-backed securities 7,241 497 (9 ) 7,729 (266 ) Commercial mortgage-backed securities 18,922 787 (11 ) 19,698 — Asset-backed securities 61,372 398 (295 ) 61,475 — Total fixed maturities, available-for-sale $ 297,360 $ 18,663 $ (1,167 ) $ 314,856 $ (266 ) December 31, 2018 Fixed maturities, available-for-sale Amortized Cost Unrealized Gain Unrealized Loss Fair Value OTTI Losses U.S. government and agencies $ 11,459 $ 1,181 $ (129 ) $ 12,511 $ — U.S. agency mortgage-backed 32,811 332 (562 ) 32,581 — State and political subdivisions 23,334 694 (117 ) 23,911 — Corporate and miscellaneous 155,372 5,972 (4,428 ) 156,916 — Foreign government 131 11 — 142 — Residential mortgage-backed securities 9,786 374 (75 ) 10,085 (269 ) Commercial mortgage-backed securities 16,409 56 (313 ) 16,152 — Asset-backed securities 55,001 117 (830 ) 54,288 — Total fixed maturities, available-for-sale $ 304,303 $ 8,737 $ (6,454 ) $ 306,586 $ (269 ) 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 available-for-sale by contractual maturity, are presented in the following table: June 30, 2019 Amortized Cost Fair Value Due in one year or less $ 10,025 $ 10,154 Due after one year through five years 38,183 39,930 Due after five years through ten years 29,703 31,533 Due after ten years 90,772 102,520 Securities not due at a single maturity date — primarily mortgage and asset-backed securities 128,677 130,719 Total fixed maturities, available-for-sale $ 297,360 $ 314,856 Fixed maturities with a carrying value of $4,960 and $4,273 were on deposit with governmental authorities as required by law at June 30, 2019 and December 31, 2018, 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 Standard & Poor’s, or National Association of Insurance Commissioners (NAIC) rating of NAIC 1 or NAIC 2. Investment grade securities comprised 97.9% and 94.0% of the Company’s total fixed maturities portfolio at June 30, 2019 and December 31, 2018, 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 32 such investment instruments with ownership shares ranging from 3.1% to 30.0% of the trust at June 30, 2019. The Company owns a share of 297 mortgage loans with a loan average balance of $183 and a maximum exposure related to any single loan of $555. Mortgage loan holdings are diversified by geography and property type as follows: June 30, 2019 December 31, 2018 Gross Carrying Value % of Total Gross Carrying Value % of Total Property Type: Retail $ 17,441 32.1 % $ 16,081 31.5 % Office 13,143 24.2 % 12,446 24.4 % Industrial 8,712 16.0 % 7,742 15.2 % Mixed use 6,352 11.7 % 6,526 12.8 % Apartments 4,265 7.8 % 4,118 8.1 % Medical office 3,220 5.9 % 2,905 5.7 % Other 1,226 2.3 % 1,248 2.3 % Gross carrying value of mortgage loans 54,359 100.0 % 51,066 100.0 % Valuation allowance (62 ) (236 ) Net carrying value of mortgage loans $ 54,297 $ 50,830 June 30, 2019 December 31, 2018 Gross Carrying Value % of Total Gross Carrying Value % of Total U.S. Region: West South Central $ 13,397 24.6 % $ 12,223 23.9 % East North Central 12,614 23.2 % 11,262 22.1 % South Atlantic 11,953 22.0 % 12,105 23.7 % West North Central 4,399 8.1 % 4,067 8.0 % Mountain 4,567 8.4 % 4,357 8.5 % Middle Atlantic 2,873 5.3 % 2,714 5.3 % East South Central 3,197 5.9 % 2,903 5.7 % New England 140 0.3 % 144 0.3 % Pacific 1,219 2.2 % 1,291 2.5 % Gross carrying value of mortgage loans 54,359 100.0 % 51,066 100.0 % Valuation allowance (62 ) (236 ) Net carrying value of mortgage loans $ 54,297 $ 50,830 During the six months ended June 30, 2019 and 2018, $4,508 and, $5,930 of new mortgage loans were purchased respectively, which did not include second lien mortgage loans. There were no taxes, assessments, or any amounts advanced that were not included in the mortgage loan balances at June 30, 2019 and December 31, 2018. At June 30, 2019, and December 31, 2018, the Company had 6 and 6 mortgage loans with a total carrying value of $610 and $617 that were in a restructured status, respectively. There were no impairments for mortgage loans at June 30, 2019 and December 31, 2018. The changes in the valuation allowance for commercial mortgage loans were as follows: Six Months Ended June 30, 2019 Year Ended December 31, 2018 Beginning balance $ 236 $ 268 Net decrease in valuation allowance (174 ) (32 ) Ending balance $ 62 $ 236 At June 30, 2019 and December 31, 2018, the Company had no mortgage loans that were on nonaccrual status. At June 30, 2019 and December 31, 2018, the Company had a commitment to make investments in mortgage loans in the amount of $734 and $4,397, respectively. Limited Partnerships The carrying value of limited partnerships at both June 30, 2019 and December 31, 2018, was $13 and $118, which includes undistributed losses of $54 and $96, respectively. The Company’s maximum exposure to loss related to these equity method investments is limited to the carrying value of these investments plus unfunded commitments of $119 and $119 at , respectively. At both June 30, 2019 and December 31, 2018, the Company’s limited partnerships holdings were in one hedge fund of funds investment, which consists of a diversified group of managers with multiple strategies being employed. Net Investment Income The sources of net investment income are as follows: Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Interest from: Fixed maturities - available-for-sale $ 3,132 $ 3,382 $ 6,442 $ 6,818 Policyholder loans 80 114 211 157 Mortgage loans 653 503 1,285 1,052 Cash and cash equivalents 46 34 106 53 Dividends on equity securities 106 98 207 193 Gross investment income 4,017 4,131 8,251 8,273 Investment expense (335 ) (411 ) (750 ) (809 ) Net investment income $ 3,682 $ 3,720 $ 7,501 $ 7,464 Investment expenses include investment management fees, some of which include incentives based on market performance, custodial fees and internal costs for investment-related activities. Realized Investment (Losses) Gains The sources of realized investment (losses) gains are as follows: Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Investment (losses) gains from: Fixed maturities - available-for-sale $ 42 $ 133 $ 153 $ 250 Equity securities, trading (131 ) 500 647 (205 ) Mortgage loans valuation allowance — 52 174 53 Limited partnerships 2 10 (5 ) 47 Investment expenses (12 ) (13 ) (20 ) (24 ) Total net realized investment (losses) gains $ (99 ) $ 682 $ 949 $ 121 Other‑Than‑Temporary Declines in Fair Value The Company regularly reviews its investments portfolio for factors that may indicate that a decline in the fair value of an investment is other‑than‑temporary. A fixed maturity security is other-than-temporarily impaired if the fair value of the security is less than its amortized cost basis and the Company either intends to sell the fixed maturity security or it is more likely than not the Company will be required to sell the fixed maturity security before recovery of its amortized cost basis. 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 be other-than-temporarily impaired for credit reasons. Significant judgment is required in the determination of whether an OTTI loss has occurred for a security. The Company has developed a consistent methodology and has identified significant inputs for determining whether an OTTI loss has occurred. Some of the factors considered in evaluating whether a decline in fair value is other‑than‑temporary 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 and the security is considered to be temporarily impaired. If the present value of the expected cash flows is less than amortized cost, the security is determined to be other-than-temporarily impaired for credit reasons and is recognized as an OTTI loss in earnings. The non-credit component, determined as the difference between the adjusted amortized cost basis and fair value, is recognized as OTTI in other comprehensive (loss) income. A rollforward of the cumulative credit losses on fixed maturity securities are as follows: June 30, December 31, 2019 2018 Beginning balance of credit losses on fixed maturity securities $ 828 $ 828 Reduction of credit losses related to securities sold during period — — Ending balance of credit losses on fixed maturity securities $ 828 $ 828 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: June 30, 2019 12 months or less Longer than 12 months Total Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses Fixed maturity securities U.S. government and agencies $ — $ — $ — $ — $ — $ — U.S. agency mortgage-backed 2,539 (10 ) 4,459 (88 ) 6,998 (98 ) Corporate and miscellaneous 3,118 (267 ) 4,873 (487 ) 7,991 (754 ) Residential mortgage-backed 828 (8 ) 7 (1 ) 835 (9 ) Commercial mortgage-backed 251 (1 ) 1,266 (10 ) 1,517 (11 ) Asset-backed securities 28,959 (238 ) 1,571 (57 ) 30,530 (295 ) Total fixed maturities $ 35,695 $ (524 ) $ 12,176 $ (643 ) $ 47,871 $ (1,167 ) December 31, 2018 12 months or less Longer than 12 months Total Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses Fixed maturity securities U.S. government and agencies $ 1,991 $ (82 ) $ 1,469 $ (47 ) $ 3,460 $ (129 ) U.S. agency mortgage-backed 11,420 (171 ) 12,565 (391 ) 23,985 (562 ) State and political subdivisions 5,420 (63 ) 2,416 (54 ) 7,836 (117 ) Corporate and miscellaneous 62,162 (3,359 ) 7,310 (1,068 ) 69,472 (4,427 ) Residential mortgage-backed 4,667 (53 ) 621 (22 ) 5,288 (75 ) Commercial mortgage-backed 4,948 (117 ) 4,357 (197 ) 9,305 (314 ) Asset-backed securities 35,372 (703 ) 6,325 (126 ) 41,697 (829 ) Total fixed maturities $ 125,980 $ (4,548 ) $ 35,063 $ (1,905 ) $ 161,043 $ (6,453 ) The indicated gross unrealized losses in all fixed maturity categories decreased to $1,167 from $6,453 at June 30, 2019 and December 31, 2018, respectively. Based on the Company’s current evaluation of its fixed maturities in an unrealized loss position in accordance with our impairment policy, and the Company’s current intentions regarding these securities, the Company concluded that these securities were not other-than-temporarily impaired. 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 June 30, 2019. Unrealized Losses 12 months or less Number of Securities Total Impairment is Less than 10% of Amortized Cost Impairment is Between 10% and 20% of Amortized Cost Impairment is Greater than 20% of Amortized Cost Percent Investment Grade Fixed maturity securities U.S. government and agencies U.S. agency mortgage-backed 3 3 — — 100 % Corporate and miscellaneous 12 7 4 1 25 % Residential mortgage-backed 3 3 — — 33 % Commercial mortgage-backed 1 1 — — 0 % Asset-backed securities 48 48 — — 90 % Total fixed maturities 67 62 4 1 Unrealized Losses greater than 12 months Number of Securities Total Impairment is Less than 10% of Amortized Cost Impairment is Between 10% and 20% of Amortized Cost Impairment is Greater than 20% of Amortized Cost Percent Investment Grade Fixed maturity securities U.S. agency mortgage-backed 11 11 — — 100 % Corporate and miscellaneous 12 8 4 — 58 % Residential mortgage-backed 1 1 — — 0 % Commercial mortgage-backed 1 1 — — 100 % Asset-backed securities 2 2 — — 100 % Total fixed maturities 27 23 4 —

Policy Liabilities

Policy Liabilities	6 Months Ended
	Jun. 30, 2019
Insurance [Abstract]
Policy Liabilities	Future Policy Benefits Future policy benefits 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 $17,888 and $16,145 at June 30, 2019 and December 31, 2018, 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 June 30, 2019 and December 31, 2018, is $12,866 and $11,258, respectively. To the extent that unrealized gains on fixed income securities would result in a premium deficiency had those gains actually been realized, a premium deficiency reserve is recorded. A liability of $3,737 and $2,001 is included as part of the liability for structured settlements with respect to this deficiency at June 30, 2019 and December 31, 2018, 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 18.7% and 21.9% of the face value of total life at June 30, 2019 and December 31, 2018, respectively.

Reinsurance

Reinsurance	6 Months Ended
	Jun. 30, 2019
Insurance [Abstract]
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. No amounts have been recorded in the six months ended June 30, 2019 and 2018 for amounts anticipated to be uncollectible or for the anticipated failure of a reinsurer to meet its obligations under the contracts. Reinsurance recoverable are as follows: June 30, December 31, 2019 2018 Ceded future policy benefits $ 114,465 $ 117,035 Claims and other amounts recoverable 20,396 19,566 Ending balance $ 134,861 $ 136,601 The reconciliation of direct premiums to net premiums is as follows: Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Direct premiums $ 37,417 $ 34,377 $ 73,728 $ 69,591 Assumed premiums 7,160 4,605 11,911 9,138 Ceded premiums (18,786 ) (16,893 ) (36,759 ) (35,628 ) Net insurance premiums $ 25,791 $ 22,089 $ 48,880 $ 43,101 Net policy charges on universal life products were $41, $84, $44 and $88, for the three and six months ended June 30, 2019 and 2018, respectively, and are included in other income. At June 30, 2019 and December 31, 2018, reserves related to fixed‑rate annuity deposits assumed from a former affiliate company amounted to approximately $80,771 and $83,299, respectively, and are included with policyholder account balances in the consolidated balance sheets.

Closed Block

Closed Block	6 Months Ended
	Jun. 30, 2019
Closed Block Disclosure [Abstract]
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 assets over Closed Block liabilities. Included in Closed Block assets at June 30, 2019 and December 31, 2018 is $9,667 and $9,541 of additional Closed Block funding, plus accrued interest, that is eligible for reversion to the Company if not needed to fund Closed Block experience, respectively. 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 a policy dividend obligation should be recorded to reflect favorable Closed Block experience that has not yet been reflected in the dividend scales. At June 30, 2019 and December 31, 2018, the Company recognized a policyholder dividend obligation of $11,155 and $9,383, 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. The impacts on the Company’s comprehensive (loss) income from recognizing a policyholder dividend obligation are as follows: June 30, December 31, 2019 2018 Actual cumulative (loss) income earnings over expected cumulative earnings $ (8,743 ) $ (8,668 ) Income tax (benefit) expense (1,836 ) (1,820 ) Net (loss) income impact (6,907 ) (6,848 ) Accumulated net unrealized investment (losses) gains (2,412 ) (715 ) Income tax (benefit) expense (506 ) (150 ) Other comprehensive (loss) income impact (1,906 ) (565 ) Comprehensive (loss) income impact $ (8,813 ) $ (7,413 ) Information regarding the Closed Block liabilities (assets) designated to the Closed Block is as follows: June 30, December 31, Closed Block Liabilities 2019 2018 Future policy benefits and claims $ 51,270 $ 58,468 Policyholder account balances 7,811 8,147 Other policyholder liabilities 2,815 3,856 Policyholder dividend obligations 11,155 9,383 Other (assets) liabilities (1,169 ) (1,061 ) Total Closed Block liabilities 71,882 78,793 Assets Designated to the Closed Block Investments Fixed maturity securities - available-for-sale (amortized cost $33,744 and $34,631, respectively) 37,440 36,104 Policyholder loans 1,259 1,321 Total investments 38,699 37,425 Cash and cash equivalents 5,278 2,664 Premiums due and uncollected 1,445 2,595 Accrued investment income 440 450 Reinsurance recoverable 29,576 36,900 Deferred income tax assets, net 4,070 5,314 Total assets designated to the Closed Block 79,508 85,348 Excess of Closed Block assets over liabilities 7,626 6,555 Amounts included in accumulated other comprehensive income: Unrealized investment gains (losses), net of income tax 2,920 1,164 Allocated to policyholder dividend obligations, net of income tax (1,905 ) (565 ) Total amounts included in accumulated other comprehensive income 1,015 599 Maximum future earnings and accumulated other comprehensive income to be recognized from Closed Block assets and liabilities (includes excess assets of $9,667 and $9,541, respectively.) $ (6,611 ) $ (5,956 ) June 30, December 31, Policyholder Dividend Obligations 2019 2018 Beginning Balance $ 9,383 $ 11,097 Impact from earnings allocable to policyholder dividend obligations 75 47 Change in net unrealized investment gains (losses) allocated to policyholder dividend obligations 1,697 (1,761 ) Ending Balance $ 11,155 $ 9,383 Information regarding the Closed Block revenues and expenses is as follows: Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Revenues: Life insurance premiums $ 1,514 $ 1,764 $ 2,783 $ 3,572 Net investment income 397 406 786 817 Realized investment gains — 14 — 36 Total revenues 1,911 2,184 3,569 4,425 Benefits and expenses: Life and annuity benefits - including policyholder dividends of ($409, $331, $669 and $646), respectively 1,088 1,798 2,490 3,159 Interest credited to policyholder account balances 49 52 98 102 General operating expenses 31 425 151 331 Total expenses 1,168 2,275 2,739 3,592 Revenues, net of expenses before provision for income tax expense 743 (91 ) 830 833 Income tax expense (benefit) 156 (19 ) 174 175 Revenues, net of expenses and provision for income tax expense $ 587 $ (72 ) $ 656 $ 658 The Company charges the Closed Block with federal income taxes and state and local premium taxes, as well as investment management expenses relating to the Closed Block as provided in the Closed Block Memorandum. The Company also charges the Closed Block for expenses of maintaining the policies included in the Closed Block. The following table presents the amortized cost and fair value of the Closed Block fixed maturity securities portfolio by contractual maturity at June 30, 2019. 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 $ 3,010 $ 3,033 Due after one year through five years 8,603 8,872 Due after five years through ten years 6,340 6,788 Due after ten years 14,763 17,707 Securities not due at a single maturity date — primarily mortgage and asset- backed securities 1,028 1,040 Total fixed maturities $ 33,744 $ 37,440

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2019
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	– 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 interim condensed consolidated 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. Federal Home Loan Bank of Chicago The Company is a member of the Federal Home Loan Bank of Chicago (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. FHLBC membership requires the Company to own member stock. At June 30, 2019, the Company held $99 of FHLBC common stock which allows the Company to borrow up to $2,311. Interest on borrowed funds is charged at variable rates established from time to time by FHLBC and depending on the borrowing option selected at the time of the borrowing. No amounts have been borrowed from the FHLBC as of June 30, 2019 and December 31, 2018.

Assets and Liabilities Measured

Assets and Liabilities Measured at Fair Value	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value	– Fair value is the estimated price that would be received to sell assets 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 and equity securities 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 maturities 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 2 instruments also include a private placement equity fund. 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 and private placement bonds, 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 items are only included in the fair value hierarchy disclosure when the items are 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 that are carried at fair value on a recurring and non-recurring basis, by fair value hierarchy level, are as follows: June 30, 2019 Level 1 Level 2 Level 3 Total Fair Value Recurring fair value measurements Financial instruments recorded as assets: Fixed maturities, available-for-sale: U.S. government and agencies $ — $ 17,663 $ — $ 17,663 U.S. agency mortgage-backed — 41,632 — 41,632 State and political subdivisions — 20,273 — 20,273 Corporate and miscellaneous 1,314 134,293 10,621 146,228 Foreign government — 159 — 159 Residential mortgage-backed securities — 7,729 — 7,729 Commercial mortgage-backed securities — 19,698 — 19,698 Asset-backed securities — 59,636 1,838 61,474 Total fixed maturities available-for-sale 1,314 301,083 12,459 314,856 Equity securities, available-for-sale — 104 — 104 Equity securities, trading 5,682 — — 5,682 Total recurring assets $ 6,996 $ 301,187 $ 12,459 $ 320,642 December 31, 2018 Level 1 Level 2 Level 3 Total Fair Value Recurring fair value measurements Financial instruments recorded as assets: Fixed maturities, available-for-sale: U.S. government and agencies $ — $ 12,510 $ — $ 12,510 U.S. agency mortgage-backed — 32,582 — 32,582 State and political subdivisions — 23,911 — 23,911 Corporate and miscellaneous 1,637 142,507 12,773 156,917 Foreign government — 142 — 142 Residential mortgage-backed securities — 10,085 — 10,085 Commercial mortgage-backed securities — 16,151 — 16,151 Asset-backed securities — 53,366 922 54,288 Total fixed maturities available-for-sale 1,637 291,254 13,695 306,586 Equity securities, available-for-sale — 99 — 99 Equity securities, trading 4,823 — — 4,823 Total recurring assets $ 6,460 $ 291,353 $ 13,695 $ 311,508 Summary of Significant Valuation Techniques for Assets and Liabilities on a Recurring Basis Level 1 securities include principally exchange‑traded funds that are valued based on quoted market prices for identical assets. All the fair values of the Company’s fixed maturities and equity securities 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 primarily of investments in private placement securities where the fair value of the security is determined by a pricing service using spread matrix pricing which incorporates a discounted cash flow model where one or more of the significant inputs is unobservable in the marketplace. The remaining securities in Level 3 consist of corporate bonds whose fair values are determined by pricing models where there is a lack of transparency to one or more significant inputs, or broker/dealer quotes. 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 Company does not adjust broker quotes when used as the fair value measurement for an asset. At June 30, 2019, the Company held 1 security priced using a broker/dealer quote that was within Level 3. The fair value of Level 3 liabilities is estimated on the discounted cash flow 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 in 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 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, 2019 Net Income (loss) OCI Purchases Sales Settlements Net Transfers Balance at June 30, 2019 Financial Assets Fixed maturities, available-for-sale Corporate and miscellaneous $ 12,773 $ (19 ) $ 255 $ — $ (219 ) $ (2,385 ) $ 216 $ 10,621 Asset-backed securities 922 — 9 998 — (91 ) — 1,838 Total assets $ 13,695 $ (19 ) $ 264 $ 998 $ (219 ) $ (2,476 ) $ 216 $ 12,459 Total gains (losses) included in: Balance at January 1, 2018 Net Income (loss) OCI Purchases Sales Settlements Net Transfers Balance at December 31, 2018 Financial Assets Fixed maturities, available-for-sale Corporate and miscellaneous $ 22,290 $ — $ (607 ) $ — $ — $ (7,660 ) $ (1,250 ) $ 12,773 Asset-backed securities 1,000 — — — — (78 ) — 922 Total assets $ 23,290 $ — $ (607 ) $ — $ — $ (7,738 ) $ (1,250 ) $ 13,695 The total change in unrealized investment gains (losses) presented in the preceding table represents unrealized gains (losses) only for the current year during which the applicable financial instruments were classified as Level 3. Securities may be transferred in or out of Level 3 based on the availability of observable market information used to determine the fair value of the security. There were no transfers between Level 1 and Level 2 in 2019 or 2018. The following presents quantitative information about the significant unobservable inputs utilized by the Company in the fair value measurements of Level 3 assets. Valuations for assets and liabilities not presented in the tables below are primarily based on broker/dealer quotes for which there is a lack of transparency as to inputs used to develop the valuations. The quantitative detail of these unobservable inputs is neither provided nor reasonably available to the Company. June 30, 2019 Fair Value Valuation technique Unobservable Input(s) Range (Weighted Average) Corporate and miscellaneous $ 10,621 Matrix pricing Spreads off benchmark yields 53-135 bps (88 bps) December 31, 2018 Fair Value Valuation technique Unobservable Input(s) Range (Weighted Average) Corporate and miscellaneous $ 12,773 Matrix pricing Spreads off benchmark yields 99-110 bps (102 bps) For the fixed maturities, an increase in spreads off benchmark yields would result in a lower fair value measurement. Financial Instruments 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 June 30, 2019 Carrying Value Level 1 Level 2 Level 3 Total Financial instruments recorded as assets: Mortgage loans $ 54,297 $ — $ — $ 49,682 $ 49,682 Policyholder loans 5,708 — — 7,465 7,465 Financial instruments recorded as liabilities: Future policy benefits, excluding term life Reserves 20,589 — — 18,539 18,539 Long/short-term debt 17,175 — — 19,218 19,218 Policyholder account balances $ 90,186 $ — $ — $ 90,749 $ 90,749 Estimated Fair Value December 31, 2018 Carrying Value Level 1 Level 2 Level 3 Total Financial instruments recorded as assets: Mortgage loans $ 50,830 $ — $ — $ 46,629 $ 46,629 Policyholder loans 5,623 — — 7,355 7,355 Financial instruments recorded as liabilities: Future policy benefits, excluding term life Reserves 18,774 — — 17,090 17,090 Long/short-term debt 13,366 — — 12,992 12,992 Policyholder account balances $ 93,051 $ — $ — $ 88,513 $ 88,513 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 $3,441 and $3,262 of second and mezzanine mortgages carried at cost which fair value is not measurable at June 30, 2019 and December 31, 2018, 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/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 in to short and long-term based upon expected maturity dates.

Long and Short-term Debt

Long and Short-term Debt	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Long and Short-term Debt	The Company has entered into a financing arrangement with an external party in January 2018, from which the Company receives an advanced commission-based payment for certain insurance segment term policies sold through the Agency segment, in exchange for a level commission that is paid by the Company over the period the policy remains in-force. The Company’s arrangement with the external party allows us to finance up to $23,000 of commission. At June 30, 2019 and December 31, 2018, we had a net advance of $17,175 and $13,366, respectively, under this arrangement. At June 30, 2019 the Company expects to pay back the aggregate amounts as presented in the following table. Due in one year or less $ 3,633 Due after one year through two years 2,145 Due after two years through three years 1,942 Due after three years through four years 1,803 Due after four years through five years 1,699 Due after five years 13,400 Less discount (7,447 ) Total long/short-term debt $ 17,175

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2019
Stockholders Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	– Changes in accumulated other comprehensive income (loss), net of taxes are as follows: Net Unrealized Gains (Losses) on Investments with OTTI Losses Net Unrealized (Losses) Gains on Other Investments Total Balance at January 1, 2019 $ 362 $ (2,730 ) $ (2,368 ) Other comprehensive income — 11,780 11,780 Income tax expense — 2,474 2,474 Other comprehensive (loss) income, net of tax — 9,306 9,306 Balance at June 30, 2019 $ 362 $ 6,576 $ 6,938 Net Unrealized Gains (Losses) on Investments with OTTI Losses Net Unrealized (Losses) Gains on Other Investments Total Balance at January 1, 2018 $ 362 $ 7,436 $ 7,798 Other comprehensive (loss) income — (9,904 ) (9,904 ) Income tax (benefit) expense — (2,080 ) (2,080 ) Other comprehensive (loss) income, net of tax — (7,824 ) (7,824 ) Balance at June 30, 2018 $ 362 $ (388 ) $ (26 )

Business Segments

Business Segments	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Business Segments	– The Company’s current operations were organized into three reportable segments: Insurance, Agency, and Corporate. 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 runoff 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 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: Three Months Ended June 30, 2019 Three Months Ended June 30, 2018 Insurance Agency Corporate Eliminations Total Consolidated Insurance Agency Corporate Eliminations Total Consolidated Net insurance premiums $ 25,791 $ — $ — $ — $ 25,791 $ 22,089 $ — $ — $ — $ 22,089 Net investment income 3,695 — 92 (105 ) 3,682 3,749 — 79 (108 ) 3,720 Net realized investment (losses) gains (99 ) — — — (99 ) 682 — — — 682 Earned commissions from external customers — 5,149 — — 5,149 — 3,360 — — 3,360 Intersegment earned commissions — 5,720 — (5,720 ) — — 7,473 — (7,473 ) — Other income 87 1,444 — — 1,531 44 2,123 — — 2,167 Total revenues 29,474 12,313 92 (5,825 ) 36,054 26,564 12,956 79 (7,581 ) 32,018 Life and annuity benefits 16,922 — — — 16,922 14,407 — — — 14,407 Operating costs and expenses 7,274 13,101 1,304 (3,322 ) 18,357 7,321 13,319 1,114 (3,622 ) 18,132 Amortization of deferred policy acquisition costs 4,416 — — (1,033 ) 3,383 3,912 — — (1,121 ) 2,791 Amortization of intangible assets — 20 — — 20 — 41 — — 41 Total benefits and expenses 28,612 13,121 1,304 (4,355 ) 38,682 25,640 13,360 1,114 (4,743 ) 35,371 (Loss) income before income tax $ 862 $ (808 ) $ (1,212 ) $ (1,470 ) $ (2,628 ) $ 924 $ (404 ) $ (1,035 ) $ (2,838 ) $ (3,353 ) Six Months Ended June 30, 2019 Six Months Ended June 30, 2018 Insurance Agency Corporate Eliminations Total Consolidated Insurance Agency Corporate Eliminations Total Consolidated Net insurance premiums $ 48,880 $ — $ — $ — $ 48,880 $ 43,101 $ — $ — $ — $ 43,101 Net investment income 7,536 — 175 (210 ) 7,501 7,515 — 130 (181 ) 7,464 Net realized investment (losses) gains 949 — — — 949 121 — — — 121 Earned commissions from external customers — 8,895 — — 8,895 — 6,695 — — 6,695 Intersegment earned commissions — 11,839 — (11,839 ) — — 14,533 — (14,533 ) — Other income 142 2,879 — — 3,021 157 4,305 — — 4,462 Total revenues 57,507 23,613 175 (12,049 ) 69,246 50,894 25,533 130 (14,714 ) 61,843 Life and annuity benefits 33,968 — — — 33,968 28,380 — — — 28,380 Operating costs and expenses 15,482 25,494 3,132 (6,845 ) 37,263 14,284 25,807 2,426 (7,491 ) 35,026 Amortization of deferred policy acquisition costs 8,674 — — (2,152 ) 6,522 7,856 — — (2,240 ) 5,616 Amortization of intangible assets — 42 — — 42 — 83 — — 83 Total benefits and expenses 58,124 25,536 3,132 (8,997 ) 77,795 50,520 25,890 2,426 (9,731 ) 69,105 (Loss) income before income tax $ (617 ) $ (1,923 ) $ (2,957 ) $ (3,052 ) $ (8,549 ) $ 374 $ (357 ) $ (2,296 ) $ (4,983 ) $ (7,262 ) June 30, 2019 December 31, 2018 Insurance Agency Corporate Total Consolidated Insurance Agency Corporate Total Consolidated Cash and investments $ 391,958 $ 786 $ 2,170 $ 394,914 $ 386,254 $ 590 $ 2,219 $ 389,063 Commissions and agent balances (13,327 ) 26,595 — 13,268 (13,160 ) 15,024 — 1,864 Deferred policy acquisition costs 85,231 — — 85,231 84,567 — — 84,567 Intangible assets — 1,675 — 1,675 — 1,716 — 1,716 Reinsurance recoverable 134,861 — — 134,861 136,601 — — 136,601 Deferred income tax (liabilities) assets, net (8,704 ) — 16,808 8,104 (6,548 ) — 17,211 10,663 Other 21,046 2,835 11,587 35,468 18,468 2,584 9,444 30,496 Total assets $ 611,065 $ 31,891 $ 30,565 $ 673,521 $ 606,182 $ 19,914 $ 28,874 $ 654,970 The Company’s investment in equity method investees and the related equity income is attributable to the Corporate segment. All the Company’s significant revenues and long-lived assets are located in the United States, which is the Company’s country of domicile.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2019
Subsequent Events [Abstract]
Subsequent Events	– The Company has evaluated events and transactions for potential recognition or disclosure in the interim condensed consolidated financial statements through the date on which the Interim Condensed Consolidated Financial Statements were available to be issued. On August 7, 2019, the Company completed its IPO in which it issued 14,875,000 shares of its common stock at $10.00 per share for gross proceeds of $148,750. In addition, on August 9, 2019, the Company paid $5,865 related to the vesting of long-term incentive plan for executive management and employee compensation as a result of the completion of the IPO.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Description of Business	Description of Business Vericity, Inc. is a Delaware corporation organized to be the stock holding company for Members Mutual Holding Company (Members Mutual) and its subsidiaries. On August 7, 2019, Vericity Inc. completed the initial public offering of 14,875,000 shares of its common stock at a price of $10.00 per share (the IPO). The IPO was conducted in connection with the conversion of Members Mutual from mutual to stock form and the acquisition by Vericity Inc. of all of the capital stock of Members Mutual following its conversion to stock form after its plan of conversion and amended and restated articles of incorporation were approved at a special meeting of eligible members on August 6, 2019 (the Conversion). As a result of the Conversion, Vericity Inc. became the holding company for converted Members Mutual and its indirect subsidiaries, including Fidelity Life Association and Efinancial, LLC. Members Mutual is an Illinois‑domiciled mutual insurance holding company. Members Mutual was formed in 2007 in connection with the conversion of Fidelity Life Association, a Legal Reserve Life Insurance Company (Fidelity Life), from a mutual insurance company into a stock insurance company. The members’ interests in Fidelity Life were transferred to Members Mutual as part of the reorganization. In addition, Fidelity LifeCorp, Inc. (Fidelity LifeCorp), a Delaware general business corporation, was formed as part of the reorganization. In 2011, the name of Fidelity LifeCorp was changed to LifeStory Interactive, Inc. In 2014, the name of LifeStory Interactive, Inc. was changed to Vericity Holdings, Inc. (Vericity). The aforementioned companies are collectively referred to as the “Company.” Members Mutual and Vericity operate as holding companies and currently have 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, LLC (Efinancial) markets life and other products for non‑affiliated insurance companies and sells life products for Fidelity Life. The accompanying interim condensed consolidated financial statements present the accounts of Members Mutual and subsidiaries for the three and six months ended June 30, 2019 and June 30, 2018 and at June 30, 2019 and December 31, 2018. These interim condensed consolidated financial statements and notes should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report for the year ended December 31, 2018. The results of operations for the interim periods should not be considered indicative of results to be expected for the full year.
Basis of Presentation	Basis of Presentation These interim condensed consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). The unaudited interim condensed consolidated financial information furnished herein reflects all adjustments which are, in the opinion of management, necessary to fairly state the results for the interim periods presented. All such adjustments are of a normal recurring nature. All intercompany accounts and transactions have been eliminated in consolidation. The consolidated results of operations for the interim periods presented are not necessarily indicative of results for the full year. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted from this report, as is permitted by such rules and regulations. Accordingly, these interim condensed consolidated financial statements should be read in conjunction with the financial statements as of and for the year ended December 31, 2018, and notes thereto, included in this registration statement.
Use of Estimates	Use of Estimates The preparation of interim condensed 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. The more significant estimates employed in the preparation of the interim condensed consolidated financial statements include the determination of the valuation of investments in fixed maturities and equity securities, investment impairments, the valuation of deferred tax assets, future policy benefits and other policyholder liabilities.
Revenue Recognition	Revenue Recognition We adopted Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 606”) 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 (wholesale distribution) is recorded net of related commission expense paid to the writing agency. Our primary revenue-generating arrangements that are within the scope of ASU 606 are our brokerage arrangements with third parties. 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 significant 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; however, we have determined that the amount of our contract asset is immaterial. Additionally, because our brokerage arrangements consist of a single performance obligation that is satisfied at the point in time that policies are placed, we do not have any remaining performance obligations in our contracts with customers. We have evaluated our arrangements and concluded that none of our brokerage arrangements include a significant financing component, and therefore do not adjust revenue for the time value of money. We have determined that any contract costs (e.g., costs to obtain or costs to fulfill) related to our brokerage arrangements are immaterial. Our Chief Operating Decision Maker makes decisions by analyzing our segment information, which is included in Note 10. 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 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 transferred to the customer and recorded as a receivable, net of allowance for returns.
Accounting Standards Adopted	Accounting Standards Adopted In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers The guidance is effective for interim and annual periods beginning after December 15, 2017. The core principle of the updated guidance is that an entity should recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments, changes in judgments, and assets recognized from costs incurred to obtain or fulfill a contract. The Company adopted the new revenue guidance effective January 1, 2019 using the modified retrospective approach. The cumulative effect changes to the Interim Condensed Consolidated Balance Sheet for the adoption of the updated guidance on January 1, 2019 were as follows: Balance at December 31, Adoption Adjustment Balance at January 1, ASSETS: 2018 Topic 606 2019 Commissions and agent balances $ 1,864 $ 8,571 $ 10,435 Deferred income tax assets, net 10,663 — 10,663 Retained earnings 174,558 8,571 183,129 The impact of adoption on the Interim Condensed Consolidated Statement of Operations and Balance Sheet as of June 30, 2019 and for the three and six months ended June 30, 2019 was as follows: Three Months Ended June 30, 2019 REVENUES: Before Adoption Adjustment Adoption Adjustment Effect After Adoption Adjustment Earned commissions $ 5,053 $ 96 $ 5,149 Total revenue 35,958 96 36,054 (Loss) income from operations before income tax (2,724 ) 96 (2,628 ) Income tax (benefit) expense (30 ) — (30 ) Net (loss) income (2,694 ) 96 (2,598 ) Six Months Ended June 30, 2019 REVENUES: Before Adoption Adjustment Adoption Adjustment Effect After Adoption Adjustment Earned commissions $ 8,696 $ 199 $ 8,895 Total revenue 69,047 199 69,246 (Loss) income from operations before income tax (8,748 ) 199 (8,549 ) Income tax expense (benefit) 284 — 284 Net (loss) income (9,032 ) 199 (8,833 ) Six Months Ended June 30, 2019 ASSETS: Before Adoption Adjustment Adoption Adjustment Effect After Adoption Adjustment Commissions and agent balances $ 13,069 $ 199 $ 13,268 Deferred income tax assets, net 8,104 — 8,104 LIABILITIES AND EQUITY: Equity: Retained earnings 174,097 199 174,296 In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments–Overall: Recognition and Measurement of Financial Assets and Financial Liabilities . T he updated guidance requires changes to the current financial instruments reporting model and is effective for annual periods beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019. The Company expects that the primary effects of the new guidance will be around the accounting for equity investments. All equity investments in unconsolidated entities (other than those accounted for using the equity method of accounting) will generally be measured at fair value through earnings. There will no longer be an available-for-sale classification for changes in fair value reported in other comprehensive income (loss) for equity securities with readily determinable fair values. Under the new guidance, changes in the fair value of equity securities will be reported as net realized investment gains (losses) in the Company's consolidated statement of operations. There is no impact to the Company’s results of operations or financial position as the Company holds no investment positions in this category.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2019
Accounting Standards Update 2014-09
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Schedule of Cumulative Effect Changes and Impact of Adoption on Financial Statements	The cumulative effect changes to the Interim Condensed Consolidated Balance Sheet for the adoption of the updated guidance on January 1, 2019 were as follows: Balance at December 31, Adoption Adjustment Balance at January 1, ASSETS: 2018 Topic 606 2019 Commissions and agent balances $ 1,864 $ 8,571 $ 10,435 Deferred income tax assets, net 10,663 — 10,663 Retained earnings 174,558 8,571 183,129 The impact of adoption on the Interim Condensed Consolidated Statement of Operations and Balance Sheet as of June 30, 2019 and for the three and six months ended June 30, 2019 was as follows: Three Months Ended June 30, 2019 REVENUES: Before Adoption Adjustment Adoption Adjustment Effect After Adoption Adjustment Earned commissions $ 5,053 $ 96 $ 5,149 Total revenue 35,958 96 36,054 (Loss) income from operations before income tax (2,724 ) 96 (2,628 ) Income tax (benefit) expense (30 ) — (30 ) Net (loss) income (2,694 ) 96 (2,598 ) Six Months Ended June 30, 2019 REVENUES: Before Adoption Adjustment Adoption Adjustment Effect After Adoption Adjustment Earned commissions $ 8,696 $ 199 $ 8,895 Total revenue 69,047 199 69,246 (Loss) income from operations before income tax (8,748 ) 199 (8,549 ) Income tax expense (benefit) 284 — 284 Net (loss) income (9,032 ) 199 (8,833 ) Six Months Ended June 30, 2019 ASSETS: Before Adoption Adjustment Adoption Adjustment Effect After Adoption Adjustment Commissions and agent balances $ 13,069 $ 199 $ 13,268 Deferred income tax assets, net 8,104 — 8,104 LIABILITIES AND EQUITY: Equity: Retained earnings 174,097 199 174,296

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2019
Investments Debt And Equity Securities [Abstract]
Schedule of Available-for-sale Securities	The amortized cost, gross unrealized gains, gross unrealized losses, fair value, and Other Than Temporary Impairments (OTTI) loss included in Accumulated Other Comprehensive Income (AOCI) of fixed maturities and equity securities available-for-sale are as follows: June 30, 2019 Fixed maturities, available-for-sale Amortized Cost Unrealized Gain Unrealized Loss Fair Value OTTI Losses U.S. government and agencies $ 15,823 $ 1,840 $ — $ 17,663 $ — U.S. agency mortgage-backed 40,960 770 (98 ) 41,632 — State and political subdivisions 18,658 1,616 — 20,274 — Corporate and miscellaneous 134,253 12,727 (754 ) 146,226 — Foreign government 131 28 — 159 — Residential mortgage-backed securities 7,241 497 (9 ) 7,729 (266 ) Commercial mortgage-backed securities 18,922 787 (11 ) 19,698 — Asset-backed securities 61,372 398 (295 ) 61,475 — Total fixed maturities, available-for-sale $ 297,360 $ 18,663 $ (1,167 ) $ 314,856 $ (266 ) December 31, 2018 Fixed maturities, available-for-sale Amortized Cost Unrealized Gain Unrealized Loss Fair Value OTTI Losses U.S. government and agencies $ 11,459 $ 1,181 $ (129 ) $ 12,511 $ — U.S. agency mortgage-backed 32,811 332 (562 ) 32,581 — State and political subdivisions 23,334 694 (117 ) 23,911 — Corporate and miscellaneous 155,372 5,972 (4,428 ) 156,916 — Foreign government 131 11 — 142 — Residential mortgage-backed securities 9,786 374 (75 ) 10,085 (269 ) Commercial mortgage-backed securities 16,409 56 (313 ) 16,152 — Asset-backed securities 55,001 117 (830 ) 54,288 — Total fixed maturities, available-for-sale $ 304,303 $ 8,737 $ (6,454 ) $ 306,586 $ (269 )
Schedule of Amortized Cost and Fair Value of Fixed Maturities Available-for-sale by Contractual Maturity	The amortized cost and fair value of fixed maturities available-for-sale by contractual maturity, are presented in the following table: June 30, 2019 Amortized Cost Fair Value Due in one year or less $ 10,025 $ 10,154 Due after one year through five years 38,183 39,930 Due after five years through ten years 29,703 31,533 Due after ten years 90,772 102,520 Securities not due at a single maturity date — primarily mortgage and asset-backed securities 128,677 130,719 Total fixed maturities, available-for-sale $ 297,360 $ 314,856
Schedule of Mortgage Loan Holdings Diversified by Geography and Property	Mortgage loan holdings are diversified by geography and property type as follows: June 30, 2019 December 31, 2018 Gross Carrying Value % of Total Gross Carrying Value % of Total Property Type: Retail $ 17,441 32.1 % $ 16,081 31.5 % Office 13,143 24.2 % 12,446 24.4 % Industrial 8,712 16.0 % 7,742 15.2 % Mixed use 6,352 11.7 % 6,526 12.8 % Apartments 4,265 7.8 % 4,118 8.1 % Medical office 3,220 5.9 % 2,905 5.7 % Other 1,226 2.3 % 1,248 2.3 % Gross carrying value of mortgage loans 54,359 100.0 % 51,066 100.0 % Valuation allowance (62 ) (236 ) Net carrying value of mortgage loans $ 54,297 $ 50,830 June 30, 2019 December 31, 2018 Gross Carrying Value % of Total Gross Carrying Value % of Total U.S. Region: West South Central $ 13,397 24.6 % $ 12,223 23.9 % East North Central 12,614 23.2 % 11,262 22.1 % South Atlantic 11,953 22.0 % 12,105 23.7 % West North Central 4,399 8.1 % 4,067 8.0 % Mountain 4,567 8.4 % 4,357 8.5 % Middle Atlantic 2,873 5.3 % 2,714 5.3 % East South Central 3,197 5.9 % 2,903 5.7 % New England 140 0.3 % 144 0.3 % Pacific 1,219 2.2 % 1,291 2.5 % Gross carrying value of mortgage loans 54,359 100.0 % 51,066 100.0 % Valuation allowance (62 ) (236 ) Net carrying value of mortgage loans $ 54,297 $ 50,830
Schedule of Changes in Valuation Allowance for Commercial Mortgage Loans	The changes in the valuation allowance for commercial mortgage loans were as follows: Six Months Ended June 30, 2019 Year Ended December 31, 2018 Beginning balance $ 236 $ 268 Net decrease in valuation allowance (174 ) (32 ) Ending balance $ 62 $ 236
Schedule of Net Investment Income	The sources of net investment income are as follows: Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Interest from: Fixed maturities - available-for-sale $ 3,132 $ 3,382 $ 6,442 $ 6,818 Policyholder loans 80 114 211 157 Mortgage loans 653 503 1,285 1,052 Cash and cash equivalents 46 34 106 53 Dividends on equity securities 106 98 207 193 Gross investment income 4,017 4,131 8,251 8,273 Investment expense (335 ) (411 ) (750 ) (809 ) Net investment income $ 3,682 $ 3,720 $ 7,501 $ 7,464
Schedule of Realized Investment (Losses) Gains	The sources of realized investment (losses) gains are as follows: Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Investment (losses) gains from: Fixed maturities - available-for-sale $ 42 $ 133 $ 153 $ 250 Equity securities, trading (131 ) 500 647 (205 ) Mortgage loans valuation allowance — 52 174 53 Limited partnerships 2 10 (5 ) 47 Investment expenses (12 ) (13 ) (20 ) (24 ) Total net realized investment (losses) gains $ (99 ) $ 682 $ 949 $ 121
Rollforward of Cumulative Credit Losses on Fixed Maturity Securities	A rollforward of the cumulative credit losses on fixed maturity securities are as follows: June 30, December 31, 2019 2018 Beginning balance of credit losses on fixed maturity securities $ 828 $ 828 Reduction of credit losses related to securities sold during period — — Ending balance of credit losses on fixed maturity securities $ 828 $ 828
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: June 30, 2019 12 months or less Longer than 12 months Total Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses Fixed maturity securities U.S. government and agencies $ — $ — $ — $ — $ — $ — U.S. agency mortgage-backed 2,539 (10 ) 4,459 (88 ) 6,998 (98 ) Corporate and miscellaneous 3,118 (267 ) 4,873 (487 ) 7,991 (754 ) Residential mortgage-backed 828 (8 ) 7 (1 ) 835 (9 ) Commercial mortgage-backed 251 (1 ) 1,266 (10 ) 1,517 (11 ) Asset-backed securities 28,959 (238 ) 1,571 (57 ) 30,530 (295 ) Total fixed maturities $ 35,695 $ (524 ) $ 12,176 $ (643 ) $ 47,871 $ (1,167 ) December 31, 2018 12 months or less Longer than 12 months Total Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses Fixed maturity securities U.S. government and agencies $ 1,991 $ (82 ) $ 1,469 $ (47 ) $ 3,460 $ (129 ) U.S. agency mortgage-backed 11,420 (171 ) 12,565 (391 ) 23,985 (562 ) State and political subdivisions 5,420 (63 ) 2,416 (54 ) 7,836 (117 ) Corporate and miscellaneous 62,162 (3,359 ) 7,310 (1,068 ) 69,472 (4,427 ) Residential mortgage-backed 4,667 (53 ) 621 (22 ) 5,288 (75 ) Commercial mortgage-backed 4,948 (117 ) 4,357 (197 ) 9,305 (314 ) Asset-backed securities 35,372 (703 ) 6,325 (126 ) 41,697 (829 ) Total fixed maturities $ 125,980 $ (4,548 ) $ 35,063 $ (1,905 ) $ 161,043 $ (6,453 )
Schedule of 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 June 30, 2019. Unrealized Losses 12 months or less Number of Securities Total Impairment is Less than 10% of Amortized Cost Impairment is Between 10% and 20% of Amortized Cost Impairment is Greater than 20% of Amortized Cost Percent Investment Grade Fixed maturity securities U.S. government and agencies U.S. agency mortgage-backed 3 3 — — 100 % Corporate and miscellaneous 12 7 4 1 25 % Residential mortgage-backed 3 3 — — 33 % Commercial mortgage-backed 1 1 — — 0 % Asset-backed securities 48 48 — — 90 % Total fixed maturities 67 62 4 1 Unrealized Losses greater than 12 months Number of Securities Total Impairment is Less than 10% of Amortized Cost Impairment is Between 10% and 20% of Amortized Cost Impairment is Greater than 20% of Amortized Cost Percent Investment Grade Fixed maturity securities U.S. agency mortgage-backed 11 11 — — 100 % Corporate and miscellaneous 12 8 4 — 58 % Residential mortgage-backed 1 1 — — 0 % Commercial mortgage-backed 1 1 — — 100 % Asset-backed securities 2 2 — — 100 % Total fixed maturities 27 23 4 —

Reinsurance (Tables)

Reinsurance (Tables)	6 Months Ended
	Jun. 30, 2019
Insurance [Abstract]
Schedule of Reinsurance Recoverable	Reinsurance recoverable are as follows: June 30, December 31, 2019 2018 Ceded future policy benefits $ 114,465 $ 117,035 Claims and other amounts recoverable 20,396 19,566 Ending balance $ 134,861 $ 136,601
Reconciliation of Direct Premiums to Net Premiums	The reconciliation of direct premiums to net premiums is as follows: Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Direct premiums $ 37,417 $ 34,377 $ 73,728 $ 69,591 Assumed premiums 7,160 4,605 11,911 9,138 Ceded premiums (18,786 ) (16,893 ) (36,759 ) (35,628 ) Net insurance premiums $ 25,791 $ 22,089 $ 48,880 $ 43,101

Closed Block (Tables)

Closed Block (Tables)	6 Months Ended
	Jun. 30, 2019
Closed Block Disclosure [Abstract]
Schedule of Impacts on Comprehensive (Loss) Income from Recognizing Policyholder dividend Obligation	The impacts on the Company’s comprehensive (loss) income from recognizing a policyholder dividend obligation are as follows: June 30, December 31, 2019 2018 Actual cumulative (loss) income earnings over expected cumulative earnings $ (8,743 ) $ (8,668 ) Income tax (benefit) expense (1,836 ) (1,820 ) Net (loss) income impact (6,907 ) (6,848 ) Accumulated net unrealized investment (losses) gains (2,412 ) (715 ) Income tax (benefit) expense (506 ) (150 ) Other comprehensive (loss) income impact (1,906 ) (565 ) Comprehensive (loss) income impact $ (8,813 ) $ (7,413 )
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: June 30, December 31, Closed Block Liabilities 2019 2018 Future policy benefits and claims $ 51,270 $ 58,468 Policyholder account balances 7,811 8,147 Other policyholder liabilities 2,815 3,856 Policyholder dividend obligations 11,155 9,383 Other (assets) liabilities (1,169 ) (1,061 ) Total Closed Block liabilities 71,882 78,793 Assets Designated to the Closed Block Investments Fixed maturity securities - available-for-sale (amortized cost $33,744 and $34,631, respectively) 37,440 36,104 Policyholder loans 1,259 1,321 Total investments 38,699 37,425 Cash and cash equivalents 5,278 2,664 Premiums due and uncollected 1,445 2,595 Accrued investment income 440 450 Reinsurance recoverable 29,576 36,900 Deferred income tax assets, net 4,070 5,314 Total assets designated to the Closed Block 79,508 85,348 Excess of Closed Block assets over liabilities 7,626 6,555 Amounts included in accumulated other comprehensive income: Unrealized investment gains (losses), net of income tax 2,920 1,164 Allocated to policyholder dividend obligations, net of income tax (1,905 ) (565 ) Total amounts included in accumulated other comprehensive income 1,015 599 Maximum future earnings and accumulated other comprehensive income to be recognized from Closed Block assets and liabilities (includes excess assets of $9,667 and $9,541, respectively.) $ (6,611 ) $ (5,956 )
Schedule of Policyholder Dividend Obligation	June 30, December 31, Policyholder Dividend Obligations 2019 2018 Beginning Balance $ 9,383 $ 11,097 Impact from earnings allocable to policyholder dividend obligations 75 47 Change in net unrealized investment gains (losses) allocated to policyholder dividend obligations 1,697 (1,761 ) Ending Balance $ 11,155 $ 9,383
Schedule of Information Regarding Closed Block Revenues and Expenses	Information regarding the Closed Block revenues and expenses is as follows: Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Revenues: Life insurance premiums $ 1,514 $ 1,764 $ 2,783 $ 3,572 Net investment income 397 406 786 817 Realized investment gains — 14 — 36 Total revenues 1,911 2,184 3,569 4,425 Benefits and expenses: Life and annuity benefits - including policyholder dividends of ($409, $331, $669 and $646), respectively 1,088 1,798 2,490 3,159 Interest credited to policyholder account balances 49 52 98 102 General operating expenses 31 425 151 331 Total expenses 1,168 2,275 2,739 3,592 Revenues, net of expenses before provision for income tax expense 743 (91 ) 830 833 Income tax expense (benefit) 156 (19 ) 174 175 Revenues, net of expenses and provision for income tax expense $ 587 $ (72 ) $ 656 $ 658
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 June 30, 2019. 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 $ 3,010 $ 3,033 Due after one year through five years 8,603 8,872 Due after five years through ten years 6,340 6,788 Due after ten years 14,763 17,707 Securities not due at a single maturity date — primarily mortgage and asset- backed securities 1,028 1,040 Total fixed maturities $ 33,744 $ 37,440

Assets and Liabilities Measur_2

Assets and Liabilities Measured at Fair Value (Tables)	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Summary of Assets Carried at Fair Value on Recurring and Non-recurring Basis	The Company’s assets that are carried at fair value on a recurring and non-recurring basis, by fair value hierarchy level, are as follows: June 30, 2019 Level 1 Level 2 Level 3 Total Fair Value Recurring fair value measurements Financial instruments recorded as assets: Fixed maturities, available-for-sale: U.S. government and agencies $ — $ 17,663 $ — $ 17,663 U.S. agency mortgage-backed — 41,632 — 41,632 State and political subdivisions — 20,273 — 20,273 Corporate and miscellaneous 1,314 134,293 10,621 146,228 Foreign government — 159 — 159 Residential mortgage-backed securities — 7,729 — 7,729 Commercial mortgage-backed securities — 19,698 — 19,698 Asset-backed securities — 59,636 1,838 61,474 Total fixed maturities available-for-sale 1,314 301,083 12,459 314,856 Equity securities, available-for-sale — 104 — 104 Equity securities, trading 5,682 — — 5,682 Total recurring assets $ 6,996 $ 301,187 $ 12,459 $ 320,642 December 31, 2018 Level 1 Level 2 Level 3 Total Fair Value Recurring fair value measurements Financial instruments recorded as assets: Fixed maturities, available-for-sale: U.S. government and agencies $ — $ 12,510 $ — $ 12,510 U.S. agency mortgage-backed — 32,582 — 32,582 State and political subdivisions — 23,911 — 23,911 Corporate and miscellaneous 1,637 142,507 12,773 156,917 Foreign government — 142 — 142 Residential mortgage-backed securities — 10,085 — 10,085 Commercial mortgage-backed securities — 16,151 — 16,151 Asset-backed securities — 53,366 922 54,288 Total fixed maturities available-for-sale 1,637 291,254 13,695 306,586 Equity securities, available-for-sale — 99 — 99 Equity securities, trading 4,823 — — 4,823 Total recurring assets $ 6,460 $ 291,353 $ 13,695 $ 311,508
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, 2019 Net Income (loss) OCI Purchases Sales Settlements Net Transfers Balance at June 30, 2019 Financial Assets Fixed maturities, available-for-sale Corporate and miscellaneous $ 12,773 $ (19 ) $ 255 $ — $ (219 ) $ (2,385 ) $ 216 $ 10,621 Asset-backed securities 922 — 9 998 — (91 ) — 1,838 Total assets $ 13,695 $ (19 ) $ 264 $ 998 $ (219 ) $ (2,476 ) $ 216 $ 12,459 Total gains (losses) included in: Balance at January 1, 2018 Net Income (loss) OCI Purchases Sales Settlements Net Transfers Balance at December 31, 2018 Financial Assets Fixed maturities, available-for-sale Corporate and miscellaneous $ 22,290 $ — $ (607 ) $ — $ — $ (7,660 ) $ (1,250 ) $ 12,773 Asset-backed securities 1,000 — — — — (78 ) — 922 Total assets $ 23,290 $ — $ (607 ) $ — $ — $ (7,738 ) $ (1,250 ) $ 13,695
Summary of Quantitative Information of Significant Unobservable Inputs Utilized in Fair Value Measurements of Level 3 Assets	The following presents quantitative information about the significant unobservable inputs utilized by the Company in the fair value measurements of Level 3 assets. Valuations for assets and liabilities not presented in the tables below are primarily based on broker/dealer quotes for which there is a lack of transparency as to inputs used to develop the valuations. The quantitative detail of these unobservable inputs is neither provided nor reasonably available to the Company. June 30, 2019 Fair Value Valuation technique Unobservable Input(s) Range (Weighted Average) Corporate and miscellaneous $ 10,621 Matrix pricing Spreads off benchmark yields 53-135 bps (88 bps) December 31, 2018 Fair Value Valuation technique Unobservable Input(s) Range (Weighted Average) Corporate and miscellaneous $ 12,773 Matrix pricing Spreads off benchmark yields 99-110 bps (102 bps)
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 June 30, 2019 Carrying Value Level 1 Level 2 Level 3 Total Financial instruments recorded as assets: Mortgage loans $ 54,297 $ — $ — $ 49,682 $ 49,682 Policyholder loans 5,708 — — 7,465 7,465 Financial instruments recorded as liabilities: Future policy benefits, excluding term life Reserves 20,589 — — 18,539 18,539 Long/short-term debt 17,175 — — 19,218 19,218 Policyholder account balances $ 90,186 $ — $ — $ 90,749 $ 90,749 Estimated Fair Value December 31, 2018 Carrying Value Level 1 Level 2 Level 3 Total Financial instruments recorded as assets: Mortgage loans $ 50,830 $ — $ — $ 46,629 $ 46,629 Policyholder loans 5,623 — — 7,355 7,355 Financial instruments recorded as liabilities: Future policy benefits, excluding term life Reserves 18,774 — — 17,090 17,090 Long/short-term debt 13,366 — — 12,992 12,992 Policyholder account balances $ 93,051 $ — $ — $ 88,513 $ 88,513

Long and Short-term Debt (Table

Long and Short-term Debt (Tables)	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Schedule of Long term and Short term Debt Pay Back	At June 30, 2019 the Company expects to pay back the aggregate amounts as presented in the following table. Due in one year or less $ 3,633 Due after one year through two years 2,145 Due after two years through three years 1,942 Due after three years through four years 1,803 Due after four years through five years 1,699 Due after five years 13,400 Less discount (7,447 ) Total long/short-term debt $ 17,175

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2019
Stockholders Equity [Abstract]
Changes in Accumulated Other Comprehensive Income (Loss), Net of Taxes	Changes in accumulated other comprehensive income (loss), net of taxes are as follows: Net Unrealized Gains (Losses) on Investments with OTTI Losses Net Unrealized (Losses) Gains on Other Investments Total Balance at January 1, 2019 $ 362 $ (2,730 ) $ (2,368 ) Other comprehensive income — 11,780 11,780 Income tax expense — 2,474 2,474 Other comprehensive (loss) income, net of tax — 9,306 9,306 Balance at June 30, 2019 $ 362 $ 6,576 $ 6,938 Net Unrealized Gains (Losses) on Investments with OTTI Losses Net Unrealized (Losses) Gains on Other Investments Total Balance at January 1, 2018 $ 362 $ 7,436 $ 7,798 Other comprehensive (loss) income — (9,904 ) (9,904 ) Income tax (benefit) expense — (2,080 ) (2,080 ) Other comprehensive (loss) income, net of tax — (7,824 ) (7,824 ) Balance at June 30, 2018 $ 362 $ (388 ) $ (26 )

Business Segments (Tables)

Business Segments (Tables)	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Schedule of Segment Information	The segment results are as follows: Three Months Ended June 30, 2019 Three Months Ended June 30, 2018 Insurance Agency Corporate Eliminations Total Consolidated Insurance Agency Corporate Eliminations Total Consolidated Net insurance premiums $ 25,791 $ — $ — $ — $ 25,791 $ 22,089 $ — $ — $ — $ 22,089 Net investment income 3,695 — 92 (105 ) 3,682 3,749 — 79 (108 ) 3,720 Net realized investment (losses) gains (99 ) — — — (99 ) 682 — — — 682 Earned commissions from external customers — 5,149 — — 5,149 — 3,360 — — 3,360 Intersegment earned commissions — 5,720 — (5,720 ) — — 7,473 — (7,473 ) — Other income 87 1,444 — — 1,531 44 2,123 — — 2,167 Total revenues 29,474 12,313 92 (5,825 ) 36,054 26,564 12,956 79 (7,581 ) 32,018 Life and annuity benefits 16,922 — — — 16,922 14,407 — — — 14,407 Operating costs and expenses 7,274 13,101 1,304 (3,322 ) 18,357 7,321 13,319 1,114 (3,622 ) 18,132 Amortization of deferred policy acquisition costs 4,416 — — (1,033 ) 3,383 3,912 — — (1,121 ) 2,791 Amortization of intangible assets — 20 — — 20 — 41 — — 41 Total benefits and expenses 28,612 13,121 1,304 (4,355 ) 38,682 25,640 13,360 1,114 (4,743 ) 35,371 (Loss) income before income tax $ 862 $ (808 ) $ (1,212 ) $ (1,470 ) $ (2,628 ) $ 924 $ (404 ) $ (1,035 ) $ (2,838 ) $ (3,353 ) Six Months Ended June 30, 2019 Six Months Ended June 30, 2018 Insurance Agency Corporate Eliminations Total Consolidated Insurance Agency Corporate Eliminations Total Consolidated Net insurance premiums $ 48,880 $ — $ — $ — $ 48,880 $ 43,101 $ — $ — $ — $ 43,101 Net investment income 7,536 — 175 (210 ) 7,501 7,515 — 130 (181 ) 7,464 Net realized investment (losses) gains 949 — — — 949 121 — — — 121 Earned commissions from external customers — 8,895 — — 8,895 — 6,695 — — 6,695 Intersegment earned commissions — 11,839 — (11,839 ) — — 14,533 — (14,533 ) — Other income 142 2,879 — — 3,021 157 4,305 — — 4,462 Total revenues 57,507 23,613 175 (12,049 ) 69,246 50,894 25,533 130 (14,714 ) 61,843 Life and annuity benefits 33,968 — — — 33,968 28,380 — — — 28,380 Operating costs and expenses 15,482 25,494 3,132 (6,845 ) 37,263 14,284 25,807 2,426 (7,491 ) 35,026 Amortization of deferred policy acquisition costs 8,674 — — (2,152 ) 6,522 7,856 — — (2,240 ) 5,616 Amortization of intangible assets — 42 — — 42 — 83 — — 83 Total benefits and expenses 58,124 25,536 3,132 (8,997 ) 77,795 50,520 25,890 2,426 (9,731 ) 69,105 (Loss) income before income tax $ (617 ) $ (1,923 ) $ (2,957 ) $ (3,052 ) $ (8,549 ) $ 374 $ (357 ) $ (2,296 ) $ (4,983 ) $ (7,262 ) June 30, 2019 December 31, 2018 Insurance Agency Corporate Total Consolidated Insurance Agency Corporate Total Consolidated Cash and investments $ 391,958 $ 786 $ 2,170 $ 394,914 $ 386,254 $ 590 $ 2,219 $ 389,063 Commissions and agent balances (13,327 ) 26,595 — 13,268 (13,160 ) 15,024 — 1,864 Deferred policy acquisition costs 85,231 — — 85,231 84,567 — — 84,567 Intangible assets — 1,675 — 1,675 — 1,716 — 1,716 Reinsurance recoverable 134,861 — — 134,861 136,601 — — 136,601 Deferred income tax (liabilities) assets, net (8,704 ) — 16,808 8,104 (6,548 ) — 17,211 10,663 Other 21,046 2,835 11,587 35,468 18,468 2,584 9,444 30,496 Total assets $ 611,065 $ 31,891 $ 30,565 $ 673,521 $ 606,182 $ 19,914 $ 28,874 $ 654,970

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Details) - Common Stock - Subsequent Event - Initial Public Offering	Aug. 07, 2019$ / sharesshares
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Common stock issued | shares	14,875,000
Common stock per share | $ / shares	$ 10

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Cumulative Effect Changes and Impact of Adoption on Financial Statements (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Jan. 01, 2019	Dec. 31, 2018
ASSETS:
Commissions and agent balances	$ 13,268		$ 13,268			$ 1,864
Deferred income tax assets, net	8,104		8,104			10,663
Equity:
Retained earnings	174,296		174,296			$ 174,558
REVENUES:
Earned commissions	5,149	$ 3,360	8,895	$ 6,695
Total revenue	36,054	32,018	69,246	61,843
(Loss) income from operations before income tax	(2,628)	(3,353)	(8,549)	(7,262)
Income tax (benefit) expense	(30)	(220)	284	(863)
Net (loss) income	(2,598)	$ (3,133)	(8,833)	$ (6,399)
Accounting Standards Update 2014-09
ASSETS:
Commissions and agent balances					$ 10,435
Deferred income tax assets, net					10,663
Equity:
Retained earnings					183,129
Adoption Adjustment | Accounting Standards Update 2014-09
ASSETS:
Commissions and agent balances	199		199		8,571
Equity:
Retained earnings	199		199		$ 8,571
REVENUES:
Earned commissions	96		199
Total revenue	96		199
(Loss) income from operations before income tax	96		199
Net (loss) income	96		199
Before Adoption Adjustment | Accounting Standards Update 2014-09
ASSETS:
Commissions and agent balances	13,069		13,069
Deferred income tax assets, net	8,104		8,104
Equity:
Retained earnings	174,097		174,097
REVENUES:
Earned commissions	5,053		8,696
Total revenue	35,958		69,047
(Loss) income from operations before income tax	(2,724)		(8,748)
Income tax (benefit) expense	(30)		284
Net (loss) income	$ (2,694)		$ (9,032)

Investments - Schedule of Avail

Investments - Schedule of Available-for-sale Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Schedule Of Available For Sale Securities [Line Items]
Fixed maturities, available-for-sale, Amortized Cost	$ 297,360	$ 304,303
Fixed maturities, available-for-sale, Unrealized Gain	18,663	8,737
Fixed maturities, available-for-sale, Unrealized Loss	(1,167)	(6,454)
Fixed maturities, available-for-sale, Fair Value	314,856	306,586
Fixed maturities, available-for-sale, OTTI Losses	(266)	(269)
U.S. Government and Agencies
Schedule Of Available For Sale Securities [Line Items]
Fixed maturities, available-for-sale, Amortized Cost	15,823	11,459
Fixed maturities, available-for-sale, Unrealized Gain	1,840	1,181
Fixed maturities, available-for-sale, Unrealized Loss		(129)
Fixed maturities, available-for-sale, Fair Value	17,663	12,511
U.S. Agency Mortgage-backed
Schedule Of Available For Sale Securities [Line Items]
Fixed maturities, available-for-sale, Amortized Cost	40,960	32,811
Fixed maturities, available-for-sale, Unrealized Gain	770	332
Fixed maturities, available-for-sale, Unrealized Loss	(98)	(562)
Fixed maturities, available-for-sale, Fair Value	41,632	32,581
State and Political Subdivisions
Schedule Of Available For Sale Securities [Line Items]
Fixed maturities, available-for-sale, Amortized Cost	18,658	23,334
Fixed maturities, available-for-sale, Unrealized Gain	1,616	694
Fixed maturities, available-for-sale, Unrealized Loss		(117)
Fixed maturities, available-for-sale, Fair Value	20,274	23,911
Corporate and Miscellaneous
Schedule Of Available For Sale Securities [Line Items]
Fixed maturities, available-for-sale, Amortized Cost	134,253	155,372
Fixed maturities, available-for-sale, Unrealized Gain	12,727	5,972
Fixed maturities, available-for-sale, Unrealized Loss	(754)	(4,428)
Fixed maturities, available-for-sale, Fair Value	146,226	156,916
Foreign Government
Schedule Of Available For Sale Securities [Line Items]
Fixed maturities, available-for-sale, Amortized Cost	131	131
Fixed maturities, available-for-sale, Unrealized Gain	28	11
Fixed maturities, available-for-sale, Fair Value	159	142
Residential Mortgage-backed Securities
Schedule Of Available For Sale Securities [Line Items]
Fixed maturities, available-for-sale, Amortized Cost	7,241	9,786
Fixed maturities, available-for-sale, Unrealized Gain	497	374
Fixed maturities, available-for-sale, Unrealized Loss	(9)	(75)
Fixed maturities, available-for-sale, Fair Value	7,729	10,085
Fixed maturities, available-for-sale, OTTI Losses	(266)	(269)
Commercial Mortgage-backed Securities
Schedule Of Available For Sale Securities [Line Items]
Fixed maturities, available-for-sale, Amortized Cost	18,922	16,409
Fixed maturities, available-for-sale, Unrealized Gain	787	56
Fixed maturities, available-for-sale, Unrealized Loss	(11)	(313)
Fixed maturities, available-for-sale, Fair Value	19,698	16,152
Asset-backed Securities
Schedule Of Available For Sale Securities [Line Items]
Fixed maturities, available-for-sale, Amortized Cost	61,372	55,001
Fixed maturities, available-for-sale, Unrealized Gain	398	117
Fixed maturities, available-for-sale, Unrealized Loss	(295)	(830)
Fixed maturities, available-for-sale, Fair Value	$ 61,475	$ 54,288

Investments - Schedule of Amort

Investments - Schedule of Amortized Cost and Fair Value of Fixed Maturities Available-for-sale by Contractual Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Investments Debt And Equity Securities [Abstract]
Due in one year or less, Amortized Cost	$ 10,025
Due after one year through five years, Amortized Cost	38,183
Due after five years through ten years, Amortized Cost	29,703
Due after ten years, Amortized Cost	90,772
Securities not due at a single maturity date — primarily mortgage and asset-backed securities, Amortized Cost	128,677
Fixed maturities, available-for-sale, Amortized Cost	297,360	$ 304,303
Due in one year or less, Fair Value	10,154
Due after one year through five years, Fair Value	39,930
Due after five years through ten years, Fair Value	31,533
Due after ten years, Fair Value	102,520
Securities not due at a single maturity date — primarily mortgage and asset-backed securities, Fair Value	130,719
Total fixed maturities, available-for-sale, Fair value	$ 314,856	$ 306,586

Investments - Additional Inform

Investments - Additional Information (Details)	6 Months Ended		12 Months Ended
	Jun. 30, 2019USD ($)InvestmentLoan	Jun. 30, 2018USD ($)	Dec. 31, 2018USD ($)Loan
Schedule Of Investments [Line Items]
Number of investment instruments | Investment	32
Number of mortgage loan | Loan	297
Loan average balance	$ 183,000
Maximum exposure related to a single loan	555,000
New mortgage loans purchased	$ 4,508,000	$ 5,930,000
Number of mortgage loans in restructured status | Loan	6		6
Total carrying value of mortgage loans in restructured status	$ 610,000		$ 617,000
Impairments for mortgage loans	0		0
Mortgage loans, nonaccrual status	0		0
Carrying value of limited partnerships	13,000		118,000
Undistributed losses	54,000		96,000
Unfunded commitments	119,000		119,000
Gross unrealized losses	$ 1,167,000		$ 6,453,000
Minimum
Schedule Of Investments [Line Items]
Commercial mortgage loan ownership percent	3.10%
Maximum
Schedule Of Investments [Line Items]
Commercial mortgage loan ownership percent	30.00%
Mortgage Loans Receivable | Credit Concentration Risk
Schedule Of Investments [Line Items]
Fixed maturities portfolio	100.00%		100.00%
Mortgage Loans Receivable | Credit Concentration Risk | Investment Grade Securities
Schedule Of Investments [Line Items]
Fixed maturities portfolio	97.90%		94.00%
Fixed Maturities
Schedule Of Investments [Line Items]
Deposit with governmental authorities	$ 4,960,000		$ 4,273,000

Investments - Schedule of Mortg

Investments - Schedule of Mortgage Loan Holdings Diversified by Geography and Property (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018	Dec. 31, 2017
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans	$ 54,359	$ 51,066
Valuation allowance	(62)	(236)	$ (268)
Net carrying value of mortgage loans	54,297	50,830
West South Central
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans	13,397	12,223
East North Central
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans	12,614	11,262
South Atlantic
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans	11,953	12,105
West North Central
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans	4,399	4,067
Mountain
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans	4,567	4,357
Middle Atlantic
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans	2,873	2,714
East South Central
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans	3,197	2,903
New England
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans	140	144
Pacific
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans	$ 1,219	$ 1,291
Mortgage Loans Receivable | Credit Concentration Risk
Schedule Of Investments [Line Items]
Fixed maturities portfolio	100.00%	100.00%
Mortgage Loans Receivable | Geographic Concentration Risk
Schedule Of Investments [Line Items]
Fixed maturities portfolio	100.00%	100.00%
Mortgage Loans Receivable | Geographic Concentration Risk | West South Central
Schedule Of Investments [Line Items]
Fixed maturities portfolio	24.60%	23.90%
Mortgage Loans Receivable | Geographic Concentration Risk | East North Central
Schedule Of Investments [Line Items]
Fixed maturities portfolio	23.20%	22.10%
Mortgage Loans Receivable | Geographic Concentration Risk | South Atlantic
Schedule Of Investments [Line Items]
Fixed maturities portfolio	22.00%	23.70%
Mortgage Loans Receivable | Geographic Concentration Risk | West North Central
Schedule Of Investments [Line Items]
Fixed maturities portfolio	8.10%	8.00%
Mortgage Loans Receivable | Geographic Concentration Risk | Mountain
Schedule Of Investments [Line Items]
Fixed maturities portfolio	8.40%	8.50%
Mortgage Loans Receivable | Geographic Concentration Risk | Middle Atlantic
Schedule Of Investments [Line Items]
Fixed maturities portfolio	5.30%	5.30%
Mortgage Loans Receivable | Geographic Concentration Risk | East South Central
Schedule Of Investments [Line Items]
Fixed maturities portfolio	5.90%	5.70%
Mortgage Loans Receivable | Geographic Concentration Risk | New England
Schedule Of Investments [Line Items]
Fixed maturities portfolio	0.30%	0.30%
Mortgage Loans Receivable | Geographic Concentration Risk | Pacific
Schedule Of Investments [Line Items]
Fixed maturities portfolio	2.20%	2.50%
Retail
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans	$ 17,441	$ 16,081
Retail | Mortgage Loans Receivable | Credit Concentration Risk
Schedule Of Investments [Line Items]
Fixed maturities portfolio	32.10%	31.50%
Office
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans	$ 13,143	$ 12,446
Office | Mortgage Loans Receivable | Credit Concentration Risk
Schedule Of Investments [Line Items]
Fixed maturities portfolio	24.20%	24.40%
Industrial
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans	$ 8,712	$ 7,742
Industrial | Mortgage Loans Receivable | Credit Concentration Risk
Schedule Of Investments [Line Items]
Fixed maturities portfolio	16.00%	15.20%
Mixed Use
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans	$ 6,352	$ 6,526
Mixed Use | Mortgage Loans Receivable | Credit Concentration Risk
Schedule Of Investments [Line Items]
Fixed maturities portfolio	11.70%	12.80%
Apartments
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans	$ 4,265	$ 4,118
Apartments | Mortgage Loans Receivable | Credit Concentration Risk
Schedule Of Investments [Line Items]
Fixed maturities portfolio	7.80%	8.10%
Medical Office
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans	$ 3,220	$ 2,905
Medical Office | Mortgage Loans Receivable | Credit Concentration Risk
Schedule Of Investments [Line Items]
Fixed maturities portfolio	5.90%	5.70%
Other
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans	$ 1,226	$ 1,248
Other | Mortgage Loans Receivable | Credit Concentration Risk
Schedule Of Investments [Line Items]
Fixed maturities portfolio	2.30%	2.30%

Investments -Schedule of Change

Investments -Schedule of Changes in Valuation Allowance for Commercial Mortgage Loans (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Investments Debt And Equity Securities [Abstract]
Beginning balance	$ 236	$ 268
Net decrease in valuation allowance	(174)	(32)
Ending balance	$ 62	$ 236

Investments - Schedule of Net I

Investments - Schedule of Net Investment Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Schedule Of Investment Income Reported Amounts By Category [Line Items]
Dividends on equity securities	$ 106	$ 98	$ 207	$ 193
Gross investment income	4,017	4,131	8,251	8,273
Investment expense	(335)	(411)	(750)	(809)
Net investment income	3,682	3,720	7,501	7,464
Fixed Maturities
Schedule Of Investment Income Reported Amounts By Category [Line Items]
Interest	3,132	3,382	6,442	6,818
Policyholder Loans
Schedule Of Investment Income Reported Amounts By Category [Line Items]
Interest	80	114	211	157
Mortgage Loans
Schedule Of Investment Income Reported Amounts By Category [Line Items]
Interest	653	503	1,285	1,052
Cash and Cash Equivalents
Schedule Of Investment Income Reported Amounts By Category [Line Items]
Interest	$ 46	$ 34	$ 106	$ 53

Investments - Schedule of Reali

Investments - Schedule of Realized Investment (Losses) Gains (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Schedule Of Gain Loss On Investments Including Marketable Securities And Investments Held At Cost Income Statement Reported Amounts Summary [Line Items]
Investment expenses	$ (12)	$ (13)	$ (20)	$ (24)
Total net realized investment (losses) gains	(99)	682	949	121
Fixed Maturities
Schedule Of Gain Loss On Investments Including Marketable Securities And Investments Held At Cost Income Statement Reported Amounts Summary [Line Items]
Investment (losses) gains	42	133	153	250
Equity Securities, Trading
Schedule Of Gain Loss On Investments Including Marketable Securities And Investments Held At Cost Income Statement Reported Amounts Summary [Line Items]
Investment (losses) gains	(131)	500	647	(205)
Mortgage Loans Valuation Allowance
Schedule Of Gain Loss On Investments Including Marketable Securities And Investments Held At Cost Income Statement Reported Amounts Summary [Line Items]
Investment (losses) gains		52	174	53
Limited Partnerships
Schedule Of Gain Loss On Investments Including Marketable Securities And Investments Held At Cost Income Statement Reported Amounts Summary [Line Items]
Investment (losses) gains	$ 2	$ 10	$ (5)	$ 47

Investments - Rollforward of Cu

Investments - Rollforward of Cumulative Credit Losses on Fixed Maturity Securities (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Investments Debt And Equity Securities [Abstract]
Beginning balance of credit losses on fixed maturity securities	$ 828	$ 828
Reduction of credit losses related to securities sold during period	0	0
Ending balance of credit losses on fixed maturity securities	$ 828	$ 828

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	Jun. 30, 2019	Dec. 31, 2018
Schedule Of Available For Sale Securities [Line Items]
Fixed maturity securities, 12 months or less, Estimated Fair Value	$ 35,695	$ 125,980
Fixed maturity securities, 12 months or less, Gross Unrealized Losses	(524)	(4,548)
Fixed maturity securities, Longer than 12 months, Estimated Fair Value	12,176	35,063
Fixed maturity securities, Longer than 12 months, Gross Unrealized Losses	(643)	(1,905)
Fixed maturity securities, Total, Estimated Fair Value	47,871	161,043
Fixed maturity securities, Total, Gross Unrealized Losses	(1,167)	(6,453)
U.S. Government and Agencies
Schedule Of Available For Sale Securities [Line Items]
Fixed maturity securities, 12 months or less, Estimated Fair Value		1,991
Fixed maturity securities, 12 months or less, Gross Unrealized Losses		(82)
Fixed maturity securities, Longer than 12 months, Estimated Fair Value		1,469
Fixed maturity securities, Longer than 12 months, Gross Unrealized Losses		(47)
Fixed maturity securities, Total, Estimated Fair Value		3,460
Fixed maturity securities, Total, Gross Unrealized Losses		(129)
U.S. Agency Mortgage-backed
Schedule Of Available For Sale Securities [Line Items]
Fixed maturity securities, 12 months or less, Estimated Fair Value	2,539	11,420
Fixed maturity securities, 12 months or less, Gross Unrealized Losses	(10)	(171)
Fixed maturity securities, Longer than 12 months, Estimated Fair Value	4,459	12,565
Fixed maturity securities, Longer than 12 months, Gross Unrealized Losses	(88)	(391)
Fixed maturity securities, Total, Estimated Fair Value	6,998	23,985
Fixed maturity securities, Total, Gross Unrealized Losses	(98)	(562)
Corporate and Miscellaneous
Schedule Of Available For Sale Securities [Line Items]
Fixed maturity securities, 12 months or less, Estimated Fair Value	3,118	62,162
Fixed maturity securities, 12 months or less, Gross Unrealized Losses	(267)	(3,359)
Fixed maturity securities, Longer than 12 months, Estimated Fair Value	4,873	7,310
Fixed maturity securities, Longer than 12 months, Gross Unrealized Losses	(487)	(1,068)
Fixed maturity securities, Total, Estimated Fair Value	7,991	69,472
Fixed maturity securities, Total, Gross Unrealized Losses	(754)	(4,427)
Residential Mortgage-backed Securities
Schedule Of Available For Sale Securities [Line Items]
Fixed maturity securities, 12 months or less, Estimated Fair Value	828	4,667
Fixed maturity securities, 12 months or less, Gross Unrealized Losses	(8)	(53)
Fixed maturity securities, Longer than 12 months, Estimated Fair Value	7	621
Fixed maturity securities, Longer than 12 months, Gross Unrealized Losses	(1)	(22)
Fixed maturity securities, Total, Estimated Fair Value	835	5,288
Fixed maturity securities, Total, Gross Unrealized Losses	(9)	(75)
Commercial Mortgage-backed Securities
Schedule Of Available For Sale Securities [Line Items]
Fixed maturity securities, 12 months or less, Estimated Fair Value	251	4,948
Fixed maturity securities, 12 months or less, Gross Unrealized Losses	(1)	(117)
Fixed maturity securities, Longer than 12 months, Estimated Fair Value	1,266	4,357
Fixed maturity securities, Longer than 12 months, Gross Unrealized Losses	(10)	(197)
Fixed maturity securities, Total, Estimated Fair Value	1,517	9,305
Fixed maturity securities, Total, Gross Unrealized Losses	(11)	(314)
Asset-backed Securities
Schedule Of Available For Sale Securities [Line Items]
Fixed maturity securities, 12 months or less, Estimated Fair Value	28,959	35,372
Fixed maturity securities, 12 months or less, Gross Unrealized Losses	(238)	(703)
Fixed maturity securities, Longer than 12 months, Estimated Fair Value	1,571	6,325
Fixed maturity securities, Longer than 12 months, Gross Unrealized Losses	(57)	(126)
Fixed maturity securities, Total, Estimated Fair Value	30,530	41,697
Fixed maturity securities, Total, Gross Unrealized Losses	$ (295)	(829)
State and Political Subdivisions
Schedule Of Available For Sale Securities [Line Items]
Fixed maturity securities, 12 months or less, Estimated Fair Value		5,420
Fixed maturity securities, 12 months or less, Gross Unrealized Losses		(63)
Fixed maturity securities, Longer than 12 months, Estimated Fair Value		2,416
Fixed maturity securities, Longer than 12 months, Gross Unrealized Losses		(54)
Fixed maturity securities, Total, Estimated Fair Value		7,836
Fixed maturity securities, Total, Gross Unrealized Losses		$ (117)

Investments - Schedule of Numbe

Investments - Schedule of Number of Fixed Maturities in Unrealized Loss Position and Percentage Investment Grade (Details)	Jun. 30, 2019Security
Schedule Of Available For Sale Securities [Line Items]
Unrealized Losses 12 months or less, Number of Securities, Total	67
Unrealized Losses 12 months or less, Number of Securities, Impairment is Less than 10% of Amortized Cost	62
Unrealized Losses 12 months or less, Number of Securities, Impairment is Between 10% and 20% of Amortized Cost	4
Unrealized Losses 12 months or less, Number of Securities, Impairment is Greater than 20% of Amortized Cost	1
Unrealized Losses greater than 12 months, Number of Securities, Total	27
Unrealized Losses greater than 12 months, Number of Securities, Impairment is Less than 10% of Amortized Cost	23
Unrealized Losses greater than 12 months, Number of Securities, Impairment is Between 10% and 20% of Amortized Cost	4
U.S. Agency Mortgage-backed
Schedule Of Available For Sale Securities [Line Items]
Unrealized Losses 12 months or less, Number of Securities, Total	3
Unrealized Losses 12 months or less, Number of Securities, Impairment is Less than 10% of Amortized Cost	3
Unrealized Losses 12 months or less, Percent Investment Grade	100.00%
Unrealized Losses greater than 12 months, Number of Securities, Total	11
Unrealized Losses greater than 12 months, Number of Securities, Impairment is Less than 10% of Amortized Cost	11
Unrealized Losses greater than 12 months, Percent Investment Grade	100.00%
Corporate and Miscellaneous
Schedule Of Available For Sale Securities [Line Items]
Unrealized Losses 12 months or less, Number of Securities, Total	12
Unrealized Losses 12 months or less, Number of Securities, Impairment is Less than 10% of Amortized Cost	7
Unrealized Losses 12 months or less, Number of Securities, Impairment is Between 10% and 20% of Amortized Cost	4
Unrealized Losses 12 months or less, Number of Securities, Impairment is Greater than 20% of Amortized Cost	1
Unrealized Losses 12 months or less, Percent Investment Grade	25.00%
Unrealized Losses greater than 12 months, Number of Securities, Total	12
Unrealized Losses greater than 12 months, Number of Securities, Impairment is Less than 10% of Amortized Cost	8
Unrealized Losses greater than 12 months, Number of Securities, Impairment is Between 10% and 20% of Amortized Cost	4
Unrealized Losses greater than 12 months, Percent Investment Grade	58.00%
Residential Mortgage-backed Securities
Schedule Of Available For Sale Securities [Line Items]
Unrealized Losses 12 months or less, Number of Securities, Total	3
Unrealized Losses 12 months or less, Number of Securities, Impairment is Less than 10% of Amortized Cost	3
Unrealized Losses 12 months or less, Percent Investment Grade	33.00%
Unrealized Losses greater than 12 months, Number of Securities, Total	1
Unrealized Losses greater than 12 months, Number of Securities, Impairment is Less than 10% of Amortized Cost	1
Unrealized Losses greater than 12 months, Percent Investment Grade	0.00%
Commercial Mortgage-backed Securities
Schedule Of Available For Sale Securities [Line Items]
Unrealized Losses 12 months or less, Number of Securities, Total	1
Unrealized Losses 12 months or less, Number of Securities, Impairment is Less than 10% of Amortized Cost	1
Unrealized Losses 12 months or less, Percent Investment Grade	0.00%
Unrealized Losses greater than 12 months, Number of Securities, Total	1
Unrealized Losses greater than 12 months, Number of Securities, Impairment is Less than 10% of Amortized Cost	1
Unrealized Losses greater than 12 months, Percent Investment Grade	100.00%
Asset-backed Securities
Schedule Of Available For Sale Securities [Line Items]
Unrealized Losses 12 months or less, Number of Securities, Total	48
Unrealized Losses 12 months or less, Number of Securities, Impairment is Less than 10% of Amortized Cost	48
Unrealized Losses 12 months or less, Percent Investment Grade	90.00%
Unrealized Losses greater than 12 months, Number of Securities, Total	2
Unrealized Losses greater than 12 months, Number of Securities, Impairment is Less than 10% of Amortized Cost	2
Unrealized Losses greater than 12 months, Percent Investment Grade	100.00%

Policy Liabilities - Additional

Policy Liabilities - Additional Information (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Liability For Future Policy Benefit By Product Segment [Line Items]
Policy liability	$ 3,737	$ 2,001
Percentage of participating life insurance in force	18.70%	21.90%
Structured Settlement Contract
Liability For Future Policy Benefit By Product Segment [Line Items]
Policy liability	$ 17,888	$ 16,145
Policy liability that are life contingent	$ 12,866	$ 11,258

Reinsurance - Additional Inform

Reinsurance - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Effects Of Reinsurance [Line Items]
Reinsurance, uncollectible or anticipated failure, amount			$ 0	$ 0
Fixed-Rate Annuity | Policyholder Account Balances
Effects Of Reinsurance [Line Items]
Reserves related to fixed-rate annuity deposits	$ 80,771,000		80,771,000		$ 83,299,000
Other Income
Effects Of Reinsurance [Line Items]
Net policy charges on universal life products	$ 41,000	$ 44,000	$ 84,000	$ 88,000

Reinsurance - Schedule of Reins

Reinsurance - Schedule of Reinsurance Recoverable (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Insurance [Abstract]
Ceded future policy benefits	$ 114,465	$ 117,035
Claims and other amounts recoverable	20,396	19,566
Ending balance	$ 134,861	$ 136,601

Reinsurance - Reconciliation of

Reinsurance - Reconciliation of Direct Premiums to Net Premiums (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Insurance [Abstract]
Direct premiums	$ 37,417	$ 34,377	$ 73,728	$ 69,591
Assumed premiums	7,160	4,605	11,911	9,138
Ceded premiums	(18,786)	(16,893)	(36,759)	(35,628)
Net insurance premiums	$ 25,791	$ 22,089	$ 48,880	$ 43,101

Closed Block - Additional Infor

Closed Block - Additional Information (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Dec. 31, 2017	Oct. 31, 2011
Closed Block Disclosure [Abstract]
Assets transferred from closed block				$ 4,397
Additional closed block funding and accrued interest	$ 9,667	$ 9,541
Policyholder dividend obligation	$ 11,155	$ 9,383	$ 11,097

Closed Block - Schedule of Impa

Closed Block - Schedule of Impacts on Comprehensive (Loss) Income from Recognizing Policyholder Dividend Obligation (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Closed Block Disclosure [Abstract]
Actual cumulative (loss) income earnings over expected cumulative earnings	$ (8,743)	$ (8,668)
Income tax (benefit) expense	(1,836)	(1,820)
Net (loss) income impact	(6,907)	(6,848)
Accumulated net unrealized investment (losses) gains	(2,412)	(715)
Income tax (benefit) expense	(506)	(150)
Other comprehensive (loss) income impact	(1,906)	(565)
Comprehensive (loss) income impact	$ (8,813)	$ (7,413)

Closed Block - Schedule of Info

Closed Block - Schedule of Information Regarding Closed Block Liabilities (Assets) Designated to Closed Block (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Dec. 31, 2017
Closed Block Liabilities
Future policy benefits and claims	$ 51,270	$ 58,468
Policyholder account balances	7,811	8,147
Other policyholder liabilities	2,815	3,856
Policy dividend obligations	11,155	9,383	$ 11,097
Other (assets) liabilities	(1,169)	(1,061)
Total Closed Block liabilities	71,882	78,793
Investments
Fixed maturity securities - available-for-sale	37,440	36,104
Policyholder loans	1,259	1,321
Total investments	38,699	37,425
Cash and cash equivalents	5,278	2,664
Premiums due and uncollected	1,445	2,595
Accrued investment income	440	450
Reinsurance recoverable	29,576	36,900
Deferred income tax assets, net	4,070	5,314
Total assets designated to the Closed Block	79,508	85,348
Excess of Closed Block assets over liabilities	7,626	6,555
Amounts included in accumulated other comprehensive income:
Unrealized investment gains (losses), net of income tax	2,920	1,164
Allocated to policyholder dividend obligations, net of income tax	(1,905)	(565)
Total amounts included in accumulated other comprehensive income	1,015	599
Maximum future earnings and accumulated other comprehensive income to be recognized from Closed Block assets and liabilities	$ (6,611)	$ (5,956)

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	Jun. 30, 2019	Dec. 31, 2018
Closed Block Disclosure [Abstract]
Fixed maturity securities available for sale amortized cost	$ 33,744	$ 34,631
Excess assets	$ 9,667	$ 9,541

Closed Block - Schedule of Poli

Closed Block - Schedule of Policyholder Dividend Obligation (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Policyholder Dividend Obligations
Beginning Balance	$ 9,383	$ 11,097
Impact from earnings allocable to policyholder dividend obligations	75	47
Change in net unrealized investment gains (losses) allocated to policyholder dividend obligations	1,697	(1,761)
Ending Balance	$ 11,155	$ 9,383

Closed Block - Schedule of In_3

Closed Block - Schedule of Information Regarding Closed Block Revenues and Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues:
Life insurance premiums	$ 1,514	$ 1,764	$ 2,783	$ 3,572
Net investment income	397	406	786	817
Realized investment gains		14		36
Total revenues	1,911	2,184	3,569	4,425
Benefits and expenses:
Life and annuity benefits - including policyholder dividends of ($409, $331, $669 and $646), respectively	1,088	1,798	2,490	3,159
Interest credited to policyholder account balances	49	52	98	102
General operating expenses	31	425	151	331
Total expenses	1,168	2,275	2,739	3,592
Revenues, net of expenses before provision for income tax expense	743	(91)	830	833
Income tax expense (benefit)	156	(19)	174	175
Revenues, net of expenses and provision for income tax expense	$ 587	$ (72)	$ 656	$ 658

Closed Block - Schedule of In_4

Closed Block - Schedule of Information Regarding Closed Block Revenues and Expenses (Parenthetical) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Closed Block Disclosure [Abstract]
Policyholders dividends	$ 409	$ 331	$ 669	$ 646

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	Jun. 30, 2019	Dec. 31, 2018
Closed Block Disclosure [Abstract]
Amortized Cost, Due in one year or less	$ 3,010
Amortized Cost, Due after one year through five years	8,603
Amortized Cost, Due after five years through ten years	6,340
Amortized Cost, Due after ten years	14,763
Amortized Cost, Securities not due at a single maturity date — primarily mortgage and asset-backed securities	1,028
Amortized Cost, Total fixed maturities	33,744	$ 34,631
Fair Value, Due in one year or less	3,033
Fair Value, Due after one year through five years	8,872
Fair Value, Due after five years through ten years	6,788
Fair Value, Due after ten years	17,707
Fair Value, Securities not due at a single maturity date — primarily mortgage and asset-backed securities	1,040
Fair Value, Total fixed maturities	$ 37,440	$ 36,104

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) - Federal Home Loan Bank of Chicago - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Commitments and Contingencies Disclosure [Line items]
Common stock held	$ 99,000
Maximum borrowing available	2,311,000
Borrowings	$ 0	$ 0

Assets and Liabilities Measur_3

Assets and Liabilities Measured at Fair Value - Summary of Assets Carried at Fair Value on Recurring and Non-recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Recurring fair value measurements
Fixed maturities, available-for-sale	$ 314,856	$ 306,586
Equity securities, available-for-sale	104	99
Equity securities, trading	5,682	4,823
U.S. Government and Agencies
Recurring fair value measurements
Fixed maturities, available-for-sale	17,663	12,511
U.S. Agency Mortgage-backed
Recurring fair value measurements
Fixed maturities, available-for-sale	41,632	32,581
State and Political Subdivisions
Recurring fair value measurements
Fixed maturities, available-for-sale	20,274	23,911
Corporate and Miscellaneous
Recurring fair value measurements
Fixed maturities, available-for-sale	146,226	156,916
Corporate and Miscellaneous | Level 3
Recurring fair value measurements
Fixed maturities, available-for-sale	10,621	12,773
Foreign Government
Recurring fair value measurements
Fixed maturities, available-for-sale	159	142
Residential Mortgage-backed Securities
Recurring fair value measurements
Fixed maturities, available-for-sale	7,729	10,085
Commercial Mortgage-backed Securities
Recurring fair value measurements
Fixed maturities, available-for-sale	19,698	16,152
Asset-backed Securities
Recurring fair value measurements
Fixed maturities, available-for-sale	61,475	54,288
Fair Value, Measurements, Recurring
Recurring fair value measurements
Fixed maturities, available-for-sale	314,856	306,586
Equity securities, available-for-sale	104	99
Equity securities, trading	5,682	4,823
Total recurring assets	320,642	311,508
Fair Value, Measurements, Recurring | Level 1
Recurring fair value measurements
Fixed maturities, available-for-sale	1,314	1,637
Equity securities, trading	5,682	4,823
Total recurring assets	6,996	6,460
Fair Value, Measurements, Recurring | Level 2
Recurring fair value measurements
Fixed maturities, available-for-sale	301,083	291,254
Equity securities, available-for-sale	104	99
Total recurring assets	301,187	291,353
Fair Value, Measurements, Recurring | Level 3
Recurring fair value measurements
Fixed maturities, available-for-sale	12,459	13,695
Total recurring assets	12,459	13,695
Fair Value, Measurements, Recurring | U.S. Government and Agencies
Recurring fair value measurements
Fixed maturities, available-for-sale	17,663	12,510
Fair Value, Measurements, Recurring | U.S. Government and Agencies | Level 2
Recurring fair value measurements
Fixed maturities, available-for-sale	17,663	12,510
Fair Value, Measurements, Recurring | U.S. Agency Mortgage-backed
Recurring fair value measurements
Fixed maturities, available-for-sale	41,632	32,582
Fair Value, Measurements, Recurring | U.S. Agency Mortgage-backed | Level 2
Recurring fair value measurements
Fixed maturities, available-for-sale	41,632	32,582
Fair Value, Measurements, Recurring | State and Political Subdivisions
Recurring fair value measurements
Fixed maturities, available-for-sale	20,273	23,911
Fair Value, Measurements, Recurring | State and Political Subdivisions | Level 2
Recurring fair value measurements
Fixed maturities, available-for-sale	20,273	23,911
Fair Value, Measurements, Recurring | Corporate and Miscellaneous
Recurring fair value measurements
Fixed maturities, available-for-sale	146,228	156,917
Fair Value, Measurements, Recurring | Corporate and Miscellaneous | Level 1
Recurring fair value measurements
Fixed maturities, available-for-sale	1,314	1,637
Fair Value, Measurements, Recurring | Corporate and Miscellaneous | Level 2
Recurring fair value measurements
Fixed maturities, available-for-sale	134,293	142,507
Fair Value, Measurements, Recurring | Corporate and Miscellaneous | Level 3
Recurring fair value measurements
Fixed maturities, available-for-sale	10,621	12,773
Fair Value, Measurements, Recurring | Foreign Government
Recurring fair value measurements
Fixed maturities, available-for-sale	159	142
Fair Value, Measurements, Recurring | Foreign Government | Level 2
Recurring fair value measurements
Fixed maturities, available-for-sale	159	142
Fair Value, Measurements, Recurring | Residential Mortgage-backed Securities
Recurring fair value measurements
Fixed maturities, available-for-sale	7,729	10,085
Fair Value, Measurements, Recurring | Residential Mortgage-backed Securities | Level 2
Recurring fair value measurements
Fixed maturities, available-for-sale	7,729	10,085
Fair Value, Measurements, Recurring | Commercial Mortgage-backed Securities
Recurring fair value measurements
Fixed maturities, available-for-sale	19,698	16,151
Fair Value, Measurements, Recurring | Commercial Mortgage-backed Securities | Level 2
Recurring fair value measurements
Fixed maturities, available-for-sale	19,698	16,151
Fair Value, Measurements, Recurring | Asset-backed Securities
Recurring fair value measurements
Fixed maturities, available-for-sale	61,474	54,288
Fair Value, Measurements, Recurring | Asset-backed Securities | Level 2
Recurring fair value measurements
Fixed maturities, available-for-sale	59,636	53,366
Fair Value, Measurements, Recurring | Asset-backed Securities | Level 3
Recurring fair value measurements
Fixed maturities, available-for-sale	$ 1,838	$ 922

Assets and Liabilities Measur_4

Assets and Liabilities Measured at Fair Value - Additional Information (Details)	6 Months Ended
	Jun. 30, 2019USD ($)Security	Dec. 31, 2018USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value, Level 3 transfers in, description	There were no transfers out of Level 2 into Level 3.
Fair value, Level 3 transfers out, description	There was one transfer out of Level 3 into Level 2 based on observable inputs obtained from pricing sources in 2019.
Fair value, assets transfers from Level 1 to Level 2	$ 0	$ 0
Fair value, assets transfers from Level 2 to Level 1	0	0
Mortgage loans	54,297,000	50,830,000
Second and Mezzanine Mortgages
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Mortgage loans	$ 3,441,000	$ 3,262,000
Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Number of security priced using broker/dealer quote | Security	1

Assets and Liabilities Measur_5

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) - Fixed Maturities, Available-for-Sale - Level 3 - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Financial Assets, Beginning Balance	$ 13,695	$ 23,290
Total gains (losses) included in: Net Income (loss)	(19)
Total gains (losses) included in: OCI	264	(607)
Purchases	998
Sales	(219)
Settlements	(2,476)	(7,738)
Net Transfers	216	(1,250)
Financial Assets, Ending Balance	12,459	13,695
Corporate and Miscellaneous
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Financial Assets, Beginning Balance	12,773	22,290
Total gains (losses) included in: Net Income (loss)	(19)
Total gains (losses) included in: OCI	255	(607)
Sales	(219)
Settlements	(2,385)	(7,660)
Net Transfers	216	(1,250)
Financial Assets, Ending Balance	10,621	12,773
Asset-backed Securities
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Financial Assets, Beginning Balance	922	1,000
Total gains (losses) included in: OCI	9
Purchases	998
Settlements	(91)	(78)
Financial Assets, Ending Balance	$ 1,838	$ 922

Assets and Liabilities Measur_6

Assets and Liabilities Measured at Fair Value - Summary of Quantitative Information of Significant Unobservable Inputs Utilized in Fair Value Measurements of Level 3 Assets (Details) $ in Thousands	Jun. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fixed maturities, available-for-sale, Fair Value	$ 314,856	$ 306,586
Corporate and Miscellaneous
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fixed maturities, available-for-sale, Fair Value	146,226	156,916
Level 3 | Corporate and Miscellaneous
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fixed maturities, available-for-sale, Fair Value	$ 10,621	$ 12,773
Debt Securities, Available-for-sale, Valuation Technique [Extensible List]	us-gaap:ValuationTechniqueMatrixPricingMember	us-gaap:ValuationTechniqueMatrixPricingMember
Debt Securities, Available-for-sale, Measurement Input [Extensible List]	ck0001575434:MeasurementInputSpreadsOffBenchmarkYieldsMember	ck0001575434:MeasurementInputSpreadsOffBenchmarkYieldsMember
Level 3 | Minimum | Corporate and Miscellaneous
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fixed maturities, available-for-sale, Unobservable Input	53	99
Level 3 | Maximum | Corporate and Miscellaneous
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fixed maturities, available-for-sale, Unobservable Input	135	110
Level 3 | Weighted Average | Corporate and Miscellaneous
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fixed maturities, available-for-sale, Unobservable Input	88	102

Assets and Liabilities Measur_7

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	Jun. 30, 2019	Dec. 31, 2018
Carrying Value
Financial instruments recorded as assets:
Mortgage loans	$ 54,297	$ 50,830
Policyholder loans	5,708	5,623
Financial instruments recorded as liabilities:
Future policy benefits, excluding term life Reserves	20,589	18,774
Long/short-term debt	17,175	13,366
Policyholder account balances	90,186	93,051
Estimated Fair Value
Financial instruments recorded as assets:
Mortgage loans	49,682	46,629
Policyholder loans	7,465	7,355
Financial instruments recorded as liabilities:
Future policy benefits, excluding term life Reserves	18,539	17,090
Long/short-term debt	19,218	12,992
Policyholder account balances	90,749	88,513
Estimated Fair Value | Level 3
Financial instruments recorded as assets:
Mortgage loans	49,682	46,629
Policyholder loans	7,465	7,355
Financial instruments recorded as liabilities:
Future policy benefits, excluding term life Reserves	18,539	17,090
Long/short-term debt	19,218	12,992
Policyholder account balances	$ 90,749	$ 88,513

Long and Short-term Debt - Addi

Long and Short-term Debt - Additional Information (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018	Jan. 31, 2018
Debt Disclosure [Abstract]
Maximum amount finance available from external party on commission			$ 23,000,000
Net advance from external party	$ 17,175,000	$ 13,366,000

Long and Short-term Debt - Sche

Long and Short-term Debt - Schedule of Long term and Short term Debt Pay Back (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Debt Disclosure [Abstract]
Due in one year or less	$ 3,633
Due after one year through two years	2,145
Due after two years through three years	1,942
Due after three years through four years	1,803
Due after four years through five years	1,699
Due after five years	13,400
Less discount	(7,447)
Total long/short-term debt	$ 17,175	$ 13,366

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Changes in Accumulated Other Comprehensive Income (Loss), Net of Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Accumulated Other Comprehensive Income Loss [Line Items]
Balance – beginning of period			$ 172,190
Other comprehensive (loss) income			11,780	$ (9,904)
Comprehensive income (loss), tax	$ 1,225	$ (701)	2,474	(2,080)
Total comprehensive income (loss) (net of tax $1,225, ($701) and $2,474, ($2,080))	4,608	(2,636)	9,306	(7,824)
Balance – end of period	181,234	181,980	181,234	181,980
Net Unrealized Gains (Losses) on Investments with OTTI Losses
Accumulated Other Comprehensive Income Loss [Line Items]
Balance – beginning of period			362	362
Balance – end of period	362	362	362	362
Net Unrealized (Losses) Gains on Other Investments
Accumulated Other Comprehensive Income Loss [Line Items]
Balance – beginning of period			(2,730)	7,436
Other comprehensive (loss) income			11,780	(9,904)
Comprehensive income (loss), tax			2,474	(2,080)
Total comprehensive income (loss) (net of tax $1,225, ($701) and $2,474, ($2,080))			9,306	(7,824)
Balance – end of period	6,576	(388)	6,576	(388)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income Loss [Line Items]
Balance – beginning of period			(2,368)	7,798
Balance – end of period	$ 6,938	$ (26)	$ 6,938	$ (26)

Business Segments - Additional

Business Segments - Additional Information (Details)	6 Months Ended
	Jun. 30, 2019Segment
Segment Reporting [Abstract]
Number of reportable segments	3

Business Segments - Schedule of

Business Segments - Schedule of Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Net insurance premiums	$ 25,791	$ 22,089	$ 48,880	$ 43,101
Net investment income	3,682	3,720	7,501	7,464
Net realized investment (losses) gains	(99)	682	949	121
Earned commissions from external customers	5,149	3,360	8,895	6,695
Other income	1,531	2,167	3,021	4,462
Total revenue	36,054	32,018	69,246	61,843
Life and annuity benefits	16,922	14,407	33,968	28,380
Operating costs and expenses	18,357	18,132	37,263	35,026
Amortization of deferred policy acquisition costs	3,383	2,791	6,522	5,616
Amortization of intangible assets	20	41	42	83
Total benefits and expenses	38,682	35,371	77,795	69,105
(Loss) income from operations before income tax	(2,628)	(3,353)	(8,549)	(7,262)
Cash and investments	394,914		394,914		$ 389,063
Commissions and agent balances	13,268		13,268		1,864
Deferred policy acquisition costs	85,231		85,231		84,567
Intangible assets	1,675		1,675		1,716
Reinsurance recoverable	134,861		134,861		136,601
Deferred income tax (liabilities) assets, net	8,104		8,104		10,663
Other	35,468		35,468		30,496
Total assets	673,521		673,521		654,970
Insurance
Segment Reporting Information [Line Items]
Cash and investments	391,958		391,958		386,254
Commissions and agent balances	(13,327)		(13,327)		(13,160)
Deferred policy acquisition costs	85,231		85,231		84,567
Reinsurance recoverable	134,861		134,861		136,601
Deferred income tax (liabilities) assets, net	(8,704)		(8,704)		(6,548)
Other	21,046		21,046		18,468
Total assets	611,065		611,065		606,182
Agency
Segment Reporting Information [Line Items]
Cash and investments	786		786		590
Commissions and agent balances	26,595		26,595		15,024
Intangible assets	1,675		1,675		1,716
Other	2,835		2,835		2,584
Total assets	31,891		31,891		19,914
Corporate
Segment Reporting Information [Line Items]
Cash and investments	2,170		2,170		2,219
Deferred income tax (liabilities) assets, net	16,808		16,808		17,211
Other	11,587		11,587		9,444
Total assets	30,565		30,565		$ 28,874
Operating Segments | Insurance
Segment Reporting Information [Line Items]
Net insurance premiums	25,791	22,089	48,880	43,101
Net investment income	3,695	3,749	7,536	7,515
Net realized investment (losses) gains	(99)	682	949	121
Other income	87	44	142	157
Total revenue	29,474	26,564	57,507	50,894
Life and annuity benefits	16,922	14,407	33,968	28,380
Operating costs and expenses	7,274	7,321	15,482	14,284
Amortization of deferred policy acquisition costs	4,416	3,912	8,674	7,856
Total benefits and expenses	28,612	25,640	58,124	50,520
(Loss) income from operations before income tax	862	924	(617)	374
Operating Segments | Agency
Segment Reporting Information [Line Items]
Earned commissions from external customers	5,149	3,360	8,895	6,695
Intersegment earned commissions	5,720	7,473	11,839	14,533
Other income	1,444	2,123	2,879	4,305
Total revenue	12,313	12,956	23,613	25,533
Operating costs and expenses	13,101	13,319	25,494	25,807
Amortization of intangible assets	20	41	42	83
Total benefits and expenses	13,121	13,360	25,536	25,890
(Loss) income from operations before income tax	(808)	(404)	(1,923)	(357)
Operating Segments | Corporate
Segment Reporting Information [Line Items]
Net investment income	92	79	175	130
Total revenue	92	79	175	130
Operating costs and expenses	1,304	1,114	3,132	2,426
Total benefits and expenses	1,304	1,114	3,132	2,426
(Loss) income from operations before income tax	(1,212)	(1,035)	(2,957)	(2,296)
Eliminations
Segment Reporting Information [Line Items]
Net investment income	(105)	(108)	(210)	(181)
Intersegment earned commissions	(5,720)	(7,473)	(11,839)	(14,533)
Total revenue	(5,825)	(7,581)	(12,049)	(14,714)
Operating costs and expenses	(3,322)	(3,622)	(6,845)	(7,491)
Amortization of deferred policy acquisition costs	(1,033)	(1,121)	(2,152)	(2,240)
Total benefits and expenses	(4,355)	(4,743)	(8,997)	(9,731)
(Loss) income from operations before income tax	$ (1,470)	$ (2,838)	$ (3,052)	$ (4,983)

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) - Subsequent Event - Initial Public Offering - USD ($) $ / shares in Units, $ in Thousands	Aug. 09, 2019	Aug. 07, 2019
Subsequent Event [Line Items]
Gross proceeds issuance of common stock		$ 148,750
Paid related to vesting of long-term incentive plan for executive management and employee compensation	$ 5,865
Common Stock
Subsequent Event [Line Items]
Common stock issued		14,875,000
Common stock per share		$ 10