Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2019	Nov. 14, 2019
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
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	Yes
Entity File Number	001-38945
Entity Tax Identification Number	46-2348863
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	IL
Entity Address, Postal Zip Code	60631
City Area Code	312
Local Phone Number	288-0073
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Stock, Par Value $0.001 per share
Security Exchange Name	NASDAQ
Entity Incorporation, State or Country Code	DE
Document Quarterly Report	true
Document Transition Report	false

Interim Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Investments:
Fixed maturities – available-for-sale – at fair value (amortized cost; $301,130 and $304,303)	$ 323,727	$ 306,586
Equity securities – available-for-sale – at fair value (cost; $104 and $99)	104	99
Equity securities – trading – at fair value (cost; $6,223 and $6,328)	5,298	4,823
Short-term investments - at fair value (amortized cost; $71,190 and $0)	71,204
Mortgage loans (net of valuation allowances of $53 and $236)	53,112	50,830
Limited partnership interests		118
Policyholder loans	5,874	5,623
Total investments	459,319	368,079
Cash and cash equivalents	79,589	20,984
Accrued investment income	2,592	2,985
Reinsurance recoverable	134,073	136,601
Deferred policy acquisition costs	85,681	84,567
Commissions and agent balances (net of allowances of $567 and $562)	10,697	1,864
Intangible assets	1,655	1,716
Deferred income tax assets, net	7,584	10,663
Other assets	25,507	27,511
Total assets	806,697	654,970
Liabilities:
Future policy benefits and claims	334,558	320,397
Policyholder account balances	88,947	93,051
Other policyholder liabilities	22,363	25,738
Policy dividend obligations	11,656	9,383
Reinsurance liabilities and payables	6,297	6,167
Long-term debt	15,037	10,294
Short-term debt	3,840	3,072
Other liabilities	15,318	14,678
Total liabilities	498,016	482,780
Commitments and contingencies
Equity:
Common stock, $.001 par value, 30,000,000 shares authorized, 14,875,000 shares, issued and outstanding	15
Additional paid-in capital	132,818
Retained earnings	165,757	174,558
Accumulated other comprehensive income (loss)	10,091	(2,368)
Total equity	308,681	172,190
Total liabilities and equity	$ 806,697	$ 654,970

Interim Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Statement Of Financial Position [Abstract]
Fixed maturities – available-for-sale – amortized cost	$ 301,130	$ 304,303
Equity securities – available-for-sale - cost	104	99
Equity securities – trading - cost	6,223	6,328
Short-term investments - amortized cost	71,190	0
Mortgage loans, valuation allowances	53	236
Commissions and agent balances, allowances	$ 567	$ 562
Common stock, par value	$ 0.001
Common stock, shares authorized	30,000,000
Common stock, shares issued	14,875,000
Common stock, shares outstanding	14,875,000

Interim Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
REVENUES:
Net insurance premiums	$ 24,424	$ 22,360	$ 73,304	$ 65,462
Net investment income	4,177	3,817	11,678	11,281
Net realized investment (losses) gains	(213)	12	736	133
Earned commissions	4,540	3,420	13,435	10,115
Insurance lead sales	1,650	1,838	4,529	6,143
Other income	39	36	180	193
Total revenue	34,617	31,483	103,862	93,327
BENEFITS AND EXPENSES:
Life, annuity, and health claim benefits	16,243	13,484	48,573	40,075
Interest credited to policyholder account balances	900	929	2,538	2,718
Operating costs and expenses	23,554	18,232	60,817	53,260
Amortization of deferred policy acquisition costs	3,029	2,714	9,551	8,330
Other expenses	20	40	62	123
Total benefits and expenses	43,746	35,399	121,541	104,506
(Loss) income from operations before income tax	(9,129)	(3,916)	(17,679)	(11,179)
Income tax (benefit) expense	(591)	(1,051)	(307)	(1,915)
Net (loss) income	$ (8,538)	$ (2,865)	$ (17,372)	$ (9,264)
Weighted average shares outstanding	14,875,000	14,875,000	14,875,000	14,875,000
Basic earnings per share	$ (0.57)	$ (0.19)	$ (1.17)	$ (0.62)
Diluted earnings per share	$ (0.57)	$ (0.19)	$ (1.17)	$ (0.62)

Interim Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement Of Income And Comprehensive Income [Abstract]
Net (loss) income	$ (8,538)	$ (2,865)	$ (17,372)	$ (9,264)
Comprehensive income (loss):
Net unrealized gains (losses) on investments	3,153	(1,156)	12,459	(8,980)
Total comprehensive income (loss)	3,153	(1,156)	12,459	(8,980)
Total comprehensive (loss) income	$ (5,385)	$ (4,021)	$ (4,913)	$ (18,244)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Interim Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Additional Paid-in Capital
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	$ (9,264)		(9,264)
Other comprehensive income (loss) attributable to the Company				(8,980)
Balance – end of period at Sep. 30, 2018	177,959		179,141	(1,182)
Balance – beginning of period at Dec. 31, 2018	172,190		174,558	(2,368)
Common stock issued		$ 15
Proceeds net of offering costs					$ 132,818
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	(17,372)		(17,372)
Other comprehensive income (loss) attributable to the Company				12,459
Balance – end of period at Sep. 30, 2019	$ 308,681	$ 15	$ 165,757	$ 10,091	$ 132,818

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$ (17,372)	$ (9,264)
Adjustments to reconcile net (loss) to net cash provided (used) by operating activities:
Depreciation and amortization and other non-cash items	1,228	1,305
Interest credited to policyholder account balances	2,538	2,718
Deferred income tax	(233)	(1,943)
Realized investment gains	(736)	(133)
Interest expense	803	316
Change in:
Trading securities	(268)	(288)
Accrued investment income	393	508
Reinsurance recoverable	2,528	3,851
Deferred policy acquisition costs	(1,114)	(2,309)
Commissions and agent balances	(263)	211
Other assets	(3,447)	(1,139)
Insurance liabilities	8,499	2,924
Other liabilities	707	(1,282)
Net cash (used) provided by operating activities	(6,737)	(4,525)
Sales, maturities and repayments of:
Fixed maturity securities	74,202	53,097
Equity securities		10
Mortgage loans	2,439	785
Limited partnerships	152	3,323
Purchases of:
Fixed maturity securities	(71,012)	(46,969)
Short-term investments	(71,001)
Mortgage loans	(4,508)	(8,423)
Limited partnerships	(38)
Change in policyholder loans, net	(251)	321
Other investments, net	(3,406)	(3,599)
Net cash (used) provided by investing activities	(73,423)	(1,455)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock in initial public offering, net of underwriting commission and offering costs	140,572
Debt issued	9,934	13,371
Debt repaid	(5,226)	(3,584)
Deposits to policyholder account balances	346	498
Withdrawals from policyholder account balances	(6,861)	(6,222)
Net cash provided (used) by financing activities	138,765	4,063
Net increase (decrease) in cash and cash equivalents	58,605	(1,917)
Cash and cash equivalents – beginning of period	20,984	11,766
Cash and cash equivalents – end of period	79,589	$ 9,849
Non-cash transactions
Cumulative effect adjustment from changes in accounting guidance, net of tax	8,571
Registration costs included in other assets at December 31, 2018	$ 7,739

Summary of Significant Accounting Policies

9 Months Ended

Sep. 30, 2019

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Note 1 – Summary of Significant Accounting Policies

Description of Business

Vericity, Inc. (the Company) 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 (Fidelity Life) and Efinancial, LLC.

Vericity, Inc. operates as a holding company and currently has no other business operations. Fidelity Life is an Illinois‑domiciled life insurance company that was founded in 1896. Fidelity Life markets life insurance products through independent and affiliated distributors and is licensed in the District of Columbia and all states, except New York and Wyoming. Efinancial, 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 Vericity, Inc. and subsidiaries for the three and nine months ended September 30, 2019 and September 30, 2018 and at September 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 the Form S-1.

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.

Short-Term Investments

Short-term investments are classified as available-for-sale and are reported at fair value. Changes in fair value are reported as unrealized gains or losses and are a component of accumulated other comprehensive income (AOCI), net of applicable deferred income taxes. Fair value is based on quoted market prices, when available. When quoted market prices are not available, fair value is estimated by discounting fixed maturity securities cash flows to reflect interest rates currently being offered on similar terms to borrowers of similar credit quality, by quoted market prices of comparable instruments, and by independent pricing sources. See Note 7 for further discussion on inputs and assumptions used to estimate fair value.

Revenue Recognition

We adopted Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 606”) on January 1, 2019. The majority of our revenue-generating arrangements are premiums received from insurance contracts and therefore are excluded from the scope of ASU 606. Life and health insurance contract premiums are recognized as income when due from policyholders. Deposits on deposit-type contracts are entered directly as a liability when cash is received.

Commission revenue from the sale of insurance products by Efinancial is recognized once the insurance policy is issued by the insurance company and accepted by the customer (policy placement) and recorded as commission receivable, net of any advances received. Provision is made for commission revenue that, based on experience, will ultimately not be earned due to the customer discontinuing the underlying insurance policy. Commission revenue that Efinancial earns from the sale of insurance products where Efinancial acts as the general agent (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 standard excludes from its scope the accounting for insurance contracts, financial instruments, and certain other agreements that are governed under other GAAP guidance. 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 Statements of Operations for the three and nine months ended September 30, 2019 and Interim Condensed Consolidated Balance Sheets as of September 30, 2019 were as follows:

	Three Months Ended September 30, 2019
REVENUES:	Before Adoption Adjustment			Adoption Adjustment Effect			After Adoption Adjustment
Earned commissions	$	4,587		$	(47	)	$	4,540
Total revenue		34,664			(47	)		34,617

(Loss) income from operations before income tax	$	(9,082	)	$	(47	)	$	(9,129	)
Income tax (benefit) expense		(591	)		—			(591	)
Net (loss) income	$	(8,491	)	$	(47	)	$	(8,538	)

	Nine Months Ended September 30, 2019
REVENUES:	Before Adoption Adjustment			Adoption Adjustment Effect			After Adoption Adjustment
Earned commissions	$	13,283		$	152		$	13,435
Total revenue		103,710			152			103,862

(Loss) income from operations before income tax	$	(17,831	)	$	152		$	(17,679	)
Income tax expense (benefit)		(307	)		—			(307	)
Net (loss) income	$	(17,524	)	$	152		$	(17,372	)

	As of September 30, 2019
ASSETS:	Before Adoption Adjustment			Adoption Adjustment Effect			After Adoption Adjustment
Commissions and agent balances	$	10,545		$	152		$	10,697
Deferred income tax assets, net	$	7,584		$	—		$	7,584
LIABILITIES AND EQUITY:
Liabilities	$	—		$	—		$	—
Equity	$	—		$	—		$	—
Retained earnings	$	165,605		$	152		$	165,757

In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments–Overall: Recognition and Measurement of Financial Assets and Financial Liabilities. The 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.

Investments

9 Months Ended

Sep. 30, 2019

Investments Debt And Equity Securities [Abstract]

Investments

Note 2 – Investments

The Company continuously monitors its investment strategies and individual holdings with consideration of current and projected market conditions, the composition of the Company’s liabilities, projected liquidity and capital investment needs, and compliance with investment policies and state regulatory guidelines.

Available‑for‑Sale Securities

The amortized cost, gross unrealized gains, gross unrealized losses, fair value, and Other Than Temporary Impairments (OTTI) loss included in AOCI of fixed maturities available-for-sale are as follows:

	September 30, 2019
Fixed maturities, available-for-sale	Amortized Cost		Unrealized Gain		Unrealized Loss			Fair Value		OTTI Losses
U.S. government and agencies	$	16,308	$	2,272	$	—		$	18,580	$	—
U.S. agency mortgage-backed		40,295		1,136		(32	)		41,399		—
State and political subdivisions		20,643		2,137		(1	)		22,779		—
Corporate and miscellaneous		137,171		16,018		(707	)		152,482		—
Foreign government		131		37		—			168		—
Residential mortgage-backed securities		7,075		491		(13	)		7,553		(277	)
Commercial mortgage-backed securities		19,724		1,077		(3	)		20,798		—
Asset-backed securities		59,783		408		(223	)		59,968		—
Total fixed maturities, available-for-sale	$	301,130	$	23,576	$	(979	)	$	323,727	$	(277	)

	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:

	September 30, 2019
	Amortized Cost		Fair Value
Due in one year or less	$	11,853	$	12,005
Due after one year through five years		35,033		36,739
Due after five years through ten years		28,360		30,494
Due after ten years		98,829		114,593
Securities not due at a single maturity date — primarily mortgage and asset-backed securities		127,055		129,896
Total fixed maturities, available-for-sale	$	301,130	$	323,727

Fixed maturities with a carrying value of $5,159 and $4,273 were on deposit with governmental authorities as required by law at September 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 98.2% and 94.0% of the Company’s total fixed maturities portfolio at September 30, 2019 and December 31, 2018, respectively.

Short-Term Investments

The Company owns $71,204 of U.S. Treasury bills which mature in the first quarter 2020. These bills were purchased after completion of the IPO and the amortized cost of these securities at September 30, 2019 was $71,190.

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 September 30, 2019. The Company owns a share of 292 mortgage loans with a loan average balance of $182 and a maximum exposure related to any single loan of $555. Mortgage loan holdings are diversified by geography and property type as follows:

	September 30, 2019						December 31, 2018
	Gross Carrying Value			% of Total			Gross Carrying Value			% of Total
Property Type:
Retail	$	17,103			32.2	%	$	16,081			31.5	%
Office		12,488			23.5	%		12,446			24.4	%
Industrial		8,635			16.2	%		7,742			15.2	%
Mixed use		6,296			11.8	%		6,526			12.8	%
Apartments		4,238			8.0	%		4,118			8.1	%
Medical office		3,191			6.0	%		2,905			5.7	%
Other		1,214			2.3	%		1,248			2.3	%
Gross carrying value of mortgage loans		53,165			100.0	%		51,066			100.0	%
Valuation allowance		(53	)					(236	)
Net carrying value of mortgage loans	$	53,112					$	50,830

	September 30, 2019						December 31, 2018
	Gross Carrying Value			% of Total			Gross Carrying Value			% of Total
U.S. Region:
West South Central	$	13,296			25.0	%	$	12,223			23.9	%
East North Central		12,196			22.7	%		11,262			22.1	%
South Atlantic		11,777			22.2	%		12,105			23.7	%
West North Central		4,339			8.2	%		4,067			8.0	%
Mountain		4,191			7.9	%		4,357			8.5	%
Middle Atlantic		2,852			5.4	%		2,714			5.3	%
East South Central		3,165			6.0	%		2,903			5.7	%
New England		137			0.3	%		144			0.3	%
Pacific		1,212			2.3	%		1,291			2.5	%
Gross carrying value of mortgage loans		53,165			100.0	%		51,066			100.0	%
Valuation allowance		(53	)					(236	)
Net carrying value of mortgage loans	$	53,112					$	50,830

During the nine months ended September 30, 2019 and 2018, $4,508 and $8,423 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 September 30, 2019 and December 31, 2018. At September 30, 2019, and December 31, 2018, the Company had 5 and 6 mortgage loans with a total carrying value of $530 and $617 that were in a restructured status, respectively. There were no impairments for mortgage loans at September 30, 2019 and December 31, 2018.

The changes in the valuation allowance for commercial mortgage loans were as follows:

	Nine Months Ended September 30, 2019			Year Ended December 31, 2018
Beginning balance	$	236		$	268
Net decrease in valuation allowance		(183	)		(32	)
Ending balance	$	53		$	236

At September 30, 2019 and December 31, 2018, the Company had no mortgage loans that were on nonaccrual status.

At September 30, 2019 and December 31, 2018, the Company had a commitment to make investments in mortgage loans in the amount of $452 and $4,397, respectively.

Limited Partnerships

In 2019, the Company sold all outstanding positions in limited partnerships, which were $118 at December 31, 2018. The Company has no outstanding funding commitments as of September 30, 2019.

Net Investment Income

The sources of net investment income are as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Interest from:
Fixed maturities - available-for-sale	$	3,171		$	3,423		$	9,613		$	10,241
Policyholder loans		80			85			292			242
Mortgage loans		715			551			1,999			1,603
Short-term investments		188			—			188			—
Cash and cash equivalents		284			34			390			87
Dividends on equity securities		107			106			314			299
Gross investment income		4,545			4,199			12,796			12,472
Investment expense		(368	)		(382	)		(1,118	)		(1,191	)
Net investment income	$	4,177		$	3,817		$	11,678		$	11,281

Investment expenses include investment management fees, some of which include incentives based on market performance, custodial fees and internal costs for investment-related activities.

Net Realized Investment (Losses) Gains

The sources of realized investment (losses) gains are as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Investment (losses) gains from:
Fixed maturities - available-for-sale	$	198		$	(43	)	$	351		$	207
Equity securities, trading		(440	)		98			207			(107	)
Mortgage loans		40			(35	)		213			18
Limited partnerships		1			6			(4	)		53
Investment expenses		(12	)		(14	)		(31	)		(38	)
Total net realized investment (losses) gains	$	(213	)	$	12		$	736		$	133

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:

	September 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:

September 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. agency mortgage-backed	$	1,612	$	(3	)	$	2,235	$	(29	)	$	3,847	$	(32	)
State and political subdivisions		258		(1	)		—		—			258		(1	)
Corporate and miscellaneous		4,497		(357	)		3,044		(350	)		7,541		(707	)
Residential mortgage-backed		392		(12	)		7		(1	)		399		(13	)
Commercial mortgage-backed		1,098		(3	)		—		—			1,098		(3	)
Asset-backed securities		24,053		(168	)		1,559		(55	)		25,612		(223	)
Total fixed maturities	$	31,910	$	(544	)	$	6,845	$	(435	)	$	38,755	$	(979	)

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		(1,069	)		69,472		(4,428	)
Residential mortgage-backed		4,667		(53	)		621		(22	)		5,288		(75	)
Commercial mortgage-backed		4,948		(117	)		4,357		(196	)		9,305		(313	)
Asset-backed securities		35,372		(703	)		6,325		(127	)		41,697		(830	)
Total fixed maturities	$	125,980	$	(4,548	)	$	35,063	$	(1,906	)	$	161,043	$	(6,454	)

The indicated gross unrealized losses in all fixed maturity categories decreased to $979 from $6,454 at September 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 September 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. agency mortgage-backed		5		5		—		—		100	%
State and political subdivision		1		1		—		—		100	%
Corporate and miscellaneous		18		14		4		—		33	%
Residential mortgage-backed		3		3		—		—		—
Commercial mortgage-backed		3		3		—		—		67	%
Asset-backed securities		39		39		—		—		92	%
Total fixed maturities		69		65		4		—

	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		6		5		1		—		100	%
Corporate and miscellaneous		7		6		1		—		29	%
Residential mortgage-backed		1		1		—		—		—
Asset-backed securities		2		2		—		—		100	%
Total fixed maturities		16		14		2		—

Reinsurance

9 Months Ended

Sep. 30, 2019

Insurance [Abstract]

Reinsurance

Note 4 – 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 nine months ended September 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 is as follows:

	September 30,		December 31,
	2019		2018
Ceded future policy benefits	$	114,965	$	117,035
Claims and other amounts recoverable		19,108		19,566
Ending balance	$	134,073	$	136,601

The reconciliation of direct premiums to net premiums is as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Direct premiums	$	37,462		$	35,999		$	111,190		$	105,590
Assumed premiums		6,776			5,987			18,686			15,125
Ceded premiums		(19,814	)		(19,626	)		(56,572	)		(55,253	)
Net insurance premiums	$	24,424		$	22,360		$	73,304		$	65,462

Net policy charges on universal life products were $42, $38, $126 and $126, for the three and nine months ended September 30, 2019 and 2018, respectively, and are included in other income.

At September 30, 2019 and December 31, 2018, reserves related to fixed‑rate annuity deposits assumed from a former affiliate company amounted to approximately $79,641 and $83,299, respectively, and are included with policyholder account balances in the consolidated balance sheets.

Closed Block

9 Months Ended

Sep. 30, 2019

Closed Block Disclosure [Abstract]

Closed Block

Note 6 – 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 September 30, 2019 and December 31, 2018 is $9,757 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 September 30, 2019 and December 31, 2018, the Company recognized a policyholder dividend obligation of $11,656 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:

	September 30,			December 31,
	2019			2018
Actual cumulative (loss) income earnings over expected cumulative earnings	$	(8,835	)	$	(8,668	)
Income tax (benefit) expense		(1,855	)		(1,820	)
Net (loss) income impact		(6,980	)		(6,848	)
Accumulated net unrealized investment (losses) gains		(2,821	)		(715	)
Income tax (benefit) expense		(592	)		(150	)
Other comprehensive (loss) income impact		(2,229	)		(565	)
Comprehensive (loss) income impact	$	(9,209	)	$	(7,413	)

Information regarding the Closed Block liabilities (assets) designated to the Closed Block is as follows:

	September 30,			December 31,
Closed Block Liabilities	2019			2018
Future policy benefits and claims	$	47,364		$	58,468
Policyholder account balances		7,680			8,147
Other policyholder liabilities		2,264			3,856
Policyholder dividend obligations		11,656			9,383
Other (assets) liabilities		(1,071	)		(1,061	)
Total Closed Block liabilities		67,893			78,793
Assets Designated to the Closed Block
Investments
Fixed maturity securities - available-for-sale (amortized cost $36,164 and $34,631, respectively)		40,616			36,104
Policyholder loans		1,245			1,321
Total investments		41,861			37,425
Cash and cash equivalents		2,317			2,664
Premiums due and uncollected		2,182			2,595
Accrued investment income		428			450
Reinsurance recoverable		25,933			36,900
Deferred income tax assets, net		3,460			5,314
Total assets designated to the Closed Block		76,181			85,348
Excess of Closed Block assets over liabilities		8,288			6,555
Amounts included in accumulated other comprehensive income:
Unrealized investment gains (losses), net of income tax		3,517			1,164
Allocated to policyholder dividend obligations, net of income tax		(2,228	)		(565	)
Total amounts included in accumulated other comprehensive income		1,289			599
Maximum future earnings and accumulated other comprehensive income to be recognized from Closed Block assets and liabilities (includes excess assets of $9,757 and $9,541, respectively)	$	(6,999	)	$	(5,956	)

	September 30,		December 31,
Policyholder Dividend Obligations	2019		2018
Beginning balance	$	9,383	$	11,097
Impact from earnings allocable to policyholder dividend obligations		167		47
Change in net unrealized investment gains (losses) allocated to policyholder dividend obligations		2,106		(1,761	)
Ending balance	$	11,656	$	9,383

Information regarding the Closed Block revenues and expenses is as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Revenues:
Life insurance premiums	$	1,158		$	1,054		$	3,941		$	4,626
Net investment income		381			398			1,167			1,215
Realized investment gains		88			1			88			37
Total revenues		1,627			1,453			5,196			5,878
Benefits and expenses:
Life and annuity benefits - including policyholder dividends of $145, $562, $814 and $1,208, respectively		1,338			789			3,828			3,948
Interest credited to policyholder account balances		48			54			146			156
General operating expenses		(250	)		(43	)		(99	)		288
Total expenses		1,136			800			3,875			4,392
Revenues, net of expenses before provision for income tax expense		491			653			1,321			1,486
Income tax expense (benefit)		103			137			277			312
Revenues, net of expenses and provision for income tax expense	$	388		$	516		$	1,044		$	1,174

The Company charges the Closed Block with federal income taxes and state and local premium taxes, policy maintenance costs and investment management expenses relating to the Closed Block as provided in the Closed Block Memorandum.

The following table presents the amortized cost and fair value of the Closed Block fixed maturity securities portfolio by contractual maturity at September 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	$	3,598	$	3,629
Due after one year through five years		6,259		6,482
Due after five years through ten years		6,339		6,846
Due after ten years		18,506		22,187
Securities not due at a single maturity date — primarily mortgage and asset- backed securities		1,462		1,472
Total fixed maturities	$	36,164	$	40,616

Assets and Liabilities Measured at Fair Value

9 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value

Note 8 – 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 in 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:

September 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	$	—	$	18,580	$	—	$	18,580
U.S. agency mortgage-backed		—		41,399		—		41,399
State and political subdivisions		—		22,779		—		22,779
Corporate and miscellaneous		1,599		150,883		—		152,482
Foreign government		—		168		—		168
Residential mortgage-backed securities		—		7,553		—		7,553
Commercial mortgage-backed securities		—		20,798		—		20,798
Asset-backed securities		—		56,755		3,213		59,968
Total fixed maturities available-for-sale		1,599		318,915		3,213		323,727
Short-term investments		71,204		—		—		71,204
Equity securities, available-for-sale		—		104		—		104
Equity securities, trading		5,298		—		—		5,298
Total recurring assets	$	78,101	$	319,019	$	3,213	$	400,333

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
Short-term investments		—		—		—		—
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 September 30, 2019, the Company held 3 securities 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 September 30, 2019
Financial Assets
Fixed maturities, available-for-sale
Corporate and miscellaneous	$	12,773	$	—	$	—	$	—	$	—	$	—		$	(12,773	)	$	—
Asset-backed securities		922		—		6		2,500		—		(215	)		—			3,213
Total assets	$	13,695	$	—	$	6	$	2,500	$	—	$	(215	)	$	(12,773	)	$	3,213

			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. As a result of obtaining new observable market information, there were 29 transfers out of Level 3 into Level 2 in 2019 compared to 1 transfer in 2018. There were no transfers between other levels.

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 at the period presented.

September 30, 2019	Fair Value		Valuation technique	Unobservable Input(s)	Range (Weighted Average)
Asset-backed securities	$	3,213	Evaluated Pricing	Direct Observations & Observed Comparables	N/A

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 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
September 30, 2019	Carrying Value		Level 1		Level 2		Level 3		Total
Financial instruments recorded as assets:
Mortgage loans	$	53,112	$	—	$	—	$	49,972	$	49,972
Policyholder loans		5,874		—		—		7,695		7,695
Cash and cash equivalents		79,589		79,589		—		—		79,589
Financial instruments recorded as liabilities:
Future policy benefits, excluding term life reserves		21,263		—		—		19,191		19,191
Long/short-term debt		18,877		—		—		21,438		21,438
Policyholder account balances		88,947		—		—		91,652		91,652

			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 $3,193 and $3,262 of second and mezzanine mortgages carried at cost which fair value is not measurable at September 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.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Long and Short-term Debt

9 Months Ended

Sep. 30, 2019

Debt Disclosure [Abstract]

Long and Short-term Debt

Note 9 – Long and Short-term Debt

The Company originally 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 the Company to finance up to $23,000 of commission. At September 30, 2019 and December 31, 2018, the Company had a net advance of $17,560 and $13,366, respectively, under this arrangement. At September 30, 2019, the Company expects to pay back the aggregate amounts as presented in the following table.

Due in one year or less	$	3,840
Due after one year through two years		2,360
Due after two years through three years		2,143
Due after three years through four years		1,993
Due after four years through five years		1,880
Due after five years		14,804
Less discount		(8,143	)
Total long/short-term debt	$	18,877

Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2019

Stockholders Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Note 10 – 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 (loss)		—		15,772			15,772
Income tax (expense) benefit		—		(3,313	)		(3,313	)
Other comprehensive income (loss), net of tax		—		12,459			12,459
Balance at September 30, 2019	$	362	$	9,729		$	10,091

	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		—		(11,367	)		(11,367	)
Income tax benefit (expense)		—		2,387			2,387
Other comprehensive (loss) income, net of tax		—		(8,980	)		(8,980	)
Balance at September 30, 2018	$	362	$	(1,544	)	$	(1,182	)

Business Segments

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Business Segments

Note 11 – 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. This segment also recognizes investment income on cash and invested assets held mainly as a result of the IPO.

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 September 30, 2019															Three Months Ended September 30, 2018
	Insurance			Agency			Corporate			Eliminations			Total Consolidated			Insurance		Agency			Corporate			Eliminations			Total Consolidated
Net insurance premiums	$	24,424		$	-		$	-		$	-		$	24,424		$	22,360	$	—		$	—		$	—		$	22,360
Net investment income		3,792			-			476			(91	)		4,177			3,839		—			81			(103	)		3,817
Net realized investment (losses) gains		(213	)		-			-			-			(213	)		12		—			—			—			12
Earned commissions from external customers		—			4,540			—			—			4,540			—		3,420			—			—			3,420
Intersegment earned commissions		—			5,035			—			(5,035	)		—			—		7,625			—			(7,625	)		—
Other income		39			1,650			-			-			1,689			36		1,838			—			—			1,874
Total revenues		28,042			11,225			476			(5,126	)		34,617			26,247		12,883			81			(7,728	)		31,483
Life and annuity benefits		17,143			-			-			-			17,143			14,413		—			—			—			14,413
Operating costs and expenses		8,851			13,577			4,216			(3,090	)		23,554			7,059		13,029			1,340			(3,196	)		18,232
Amortization of deferred policy acquisition costs		4,256			-			-			(1,227	)		3,029			3,835		—			—			(1,121	)		2,714
Amortization of intangible assets		—			20			—			—			20			—		40			—			—			40
Total benefits and expenses		30,250			13,597			4,216			(4,317	)		43,746			25,307		13,069			1,340			(4,317	)		35,399
(Loss) income from operations before income tax	$	(2,208	)	$	(2,372	)	$	(3,740	)	$	(809	)	$	(9,129	)	$	940	$	(186	)	$	(1,259	)	$	(3,411	)	$	(3,916	)

	Nine Months Ended September 30, 2019															Nine Months Ended September 30, 2018
	Insurance			Agency			Corporate			Eliminations			Total Consolidated			Insurance		Agency			Corporate			Eliminations			Total Consolidated
Net insurance premiums	$	73,304		$	—		$	—		$	—		$	73,304		$	65,462	$	—		$	—		$	—		$	65,462
Net investment income		11,328			—			651			(301	)		11,678			11,355		—			211			(285	)		11,281
Net realized investment (losses) gains		736			—			—			—			736			133		—			—			—			133
Earned commissions from external customers		—			13,435			—			—			13,435			—		10,115			—			—			10,115
Intersegment earned commissions		—			16,874			—			(16,874	)		—			—		22,158			—			(22,158	)		—
Other income		180			4,529			—			—			4,709			193		6,143			—			—			6,336
Total revenues		85,548			34,838			651			(17,175	)		103,862			77,143		38,416			211			(22,443	)		93,327
Life and annuity benefits		51,111			—			—			—			51,111			42,793		—			—			—			42,793
Operating costs and expenses		24,330			39,073			7,350			(9,936	)		60,817			21,345		38,836			3,766			(10,687	)		53,260
Amortization of deferred policy acquisition costs		12,930			—			—			(3,379	)		9,551			11,691		—			—			(3,361	)		8,330
Amortization of intangible assets		—			62			—			—			62			—		123			—			—			123
Total benefits and expenses		88,371			39,135			7,350			(13,315	)		121,541			75,829		38,959			3,766			(14,048	)		104,506
(Loss) income from operations before income tax	$	(2,823	)	$	(4,297	)	$	(6,699	)	$	(3,860	)	$	(17,679	)	$	1,314	$	(543	)	$	(3,555	)	$	(8,395	)	$	(11,179	)

	September 30, 2019									December 31, 2018
	Insurance			Agency		Corporate		Total Consolidated		Insurance			Agency		Corporate		Total Consolidated
Total investments, cash and cash equivalents	$	397,129		$	1,924	$	139,855	$	538,908	$	386,254		$	590	$	2,219	$	389,063
Commissions and agent balances		(14,275	)		24,972		-		10,697		(13,160	)		15,024		—		1,864
Deferred policy acquisition costs		85,681			-		-		85,681		84,567			—		—		84,567
Intangible assets		—			1,655		—		1,655		—			1,716		—		1,716
Reinsurance recoverable		134,073			-		-		134,073		136,601			—		—		136,601
Deferred income tax (liabilities) assets, net		(9,299	)		-		16,883		7,584		(6,548	)		—		17,211		10,663
Other		22,381			3,255		2,463		28,099		18,468			2,584		9,444		30,496
Total assets	$	615,690		$	31,806	$	159,201	$	806,697	$	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.

Summary of Significant Accounting Policies (Policies)

9 Months Ended

Sep. 30, 2019

Accounting Policies [Abstract]

Description of Business

Basis of Presentation

Use of Estimates

Short-Term Investments

Revenue Recognition

Accounting Standards Adopted

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

	Three Months Ended September 30, 2019
REVENUES:	Before Adoption Adjustment			Adoption Adjustment Effect			After Adoption Adjustment
Earned commissions	$	4,587		$	(47	)	$	4,540
Total revenue		34,664			(47	)		34,617

(Loss) income from operations before income tax	$	(9,082	)	$	(47	)	$	(9,129	)
Income tax (benefit) expense		(591	)		—			(591	)
Net (loss) income	$	(8,491	)	$	(47	)	$	(8,538	)

	Nine Months Ended September 30, 2019
REVENUES:	Before Adoption Adjustment			Adoption Adjustment Effect			After Adoption Adjustment
Earned commissions	$	13,283		$	152		$	13,435
Total revenue		103,710			152			103,862

(Loss) income from operations before income tax	$	(17,831	)	$	152		$	(17,679	)
Income tax expense (benefit)		(307	)		—			(307	)
Net (loss) income	$	(17,524	)	$	152		$	(17,372	)

	As of September 30, 2019
ASSETS:	Before Adoption Adjustment			Adoption Adjustment Effect			After Adoption Adjustment
Commissions and agent balances	$	10,545		$	152		$	10,697
Deferred income tax assets, net	$	7,584		$	—		$	7,584
LIABILITIES AND EQUITY:
Liabilities	$	—		$	—		$	—
Equity	$	—		$	—		$	—
Retained earnings	$	165,605		$	152		$	165,757

Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 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

	Three Months Ended September 30, 2019
REVENUES:	Before Adoption Adjustment			Adoption Adjustment Effect			After Adoption Adjustment
Earned commissions	$	4,587		$	(47	)	$	4,540
Total revenue		34,664			(47	)		34,617

(Loss) income from operations before income tax	$	(9,082	)	$	(47	)	$	(9,129	)
Income tax (benefit) expense		(591	)		—			(591	)
Net (loss) income	$	(8,491	)	$	(47	)	$	(8,538	)

	Nine Months Ended September 30, 2019
REVENUES:	Before Adoption Adjustment			Adoption Adjustment Effect			After Adoption Adjustment
Earned commissions	$	13,283		$	152		$	13,435
Total revenue		103,710			152			103,862

(Loss) income from operations before income tax	$	(17,831	)	$	152		$	(17,679	)
Income tax expense (benefit)		(307	)		—			(307	)
Net (loss) income	$	(17,524	)	$	152		$	(17,372	)

	As of September 30, 2019
ASSETS:	Before Adoption Adjustment			Adoption Adjustment Effect			After Adoption Adjustment
Commissions and agent balances	$	10,545		$	152		$	10,697
Deferred income tax assets, net	$	7,584		$	—		$	7,584
LIABILITIES AND EQUITY:
Liabilities	$	—		$	—		$	—
Equity	$	—		$	—		$	—
Retained earnings	$	165,605		$	152		$	165,757

Investments (Tables)

9 Months Ended

Sep. 30, 2019

Investments Debt And Equity Securities [Abstract]

Schedule of Available-for-sale Securities

	September 30, 2019
Fixed maturities, available-for-sale	Amortized Cost		Unrealized Gain		Unrealized Loss			Fair Value		OTTI Losses
U.S. government and agencies	$	16,308	$	2,272	$	—		$	18,580	$	—
U.S. agency mortgage-backed		40,295		1,136		(32	)		41,399		—
State and political subdivisions		20,643		2,137		(1	)		22,779		—
Corporate and miscellaneous		137,171		16,018		(707	)		152,482		—
Foreign government		131		37		—			168		—
Residential mortgage-backed securities		7,075		491		(13	)		7,553		(277	)
Commercial mortgage-backed securities		19,724		1,077		(3	)		20,798		—
Asset-backed securities		59,783		408		(223	)		59,968		—
Total fixed maturities, available-for-sale	$	301,130	$	23,576	$	(979	)	$	323,727	$	(277	)

	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:

	September 30, 2019
	Amortized Cost		Fair Value
Due in one year or less	$	11,853	$	12,005
Due after one year through five years		35,033		36,739
Due after five years through ten years		28,360		30,494
Due after ten years		98,829		114,593
Securities not due at a single maturity date — primarily mortgage and asset-backed securities		127,055		129,896
Total fixed maturities, available-for-sale	$	301,130	$	323,727

Schedule of Mortgage Loan Holdings Diversified by Geography and Property

Mortgage loan holdings are diversified by geography and property type as follows:

	September 30, 2019						December 31, 2018
	Gross Carrying Value			% of Total			Gross Carrying Value			% of Total
Property Type:
Retail	$	17,103			32.2	%	$	16,081			31.5	%
Office		12,488			23.5	%		12,446			24.4	%
Industrial		8,635			16.2	%		7,742			15.2	%
Mixed use		6,296			11.8	%		6,526			12.8	%
Apartments		4,238			8.0	%		4,118			8.1	%
Medical office		3,191			6.0	%		2,905			5.7	%
Other		1,214			2.3	%		1,248			2.3	%
Gross carrying value of mortgage loans		53,165			100.0	%		51,066			100.0	%
Valuation allowance		(53	)					(236	)
Net carrying value of mortgage loans	$	53,112					$	50,830

	September 30, 2019						December 31, 2018
	Gross Carrying Value			% of Total			Gross Carrying Value			% of Total
U.S. Region:
West South Central	$	13,296			25.0	%	$	12,223			23.9	%
East North Central		12,196			22.7	%		11,262			22.1	%
South Atlantic		11,777			22.2	%		12,105			23.7	%
West North Central		4,339			8.2	%		4,067			8.0	%
Mountain		4,191			7.9	%		4,357			8.5	%
Middle Atlantic		2,852			5.4	%		2,714			5.3	%
East South Central		3,165			6.0	%		2,903			5.7	%
New England		137			0.3	%		144			0.3	%
Pacific		1,212			2.3	%		1,291			2.5	%
Gross carrying value of mortgage loans		53,165			100.0	%		51,066			100.0	%
Valuation allowance		(53	)					(236	)
Net carrying value of mortgage loans	$	53,112					$	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:

	Nine Months Ended September 30, 2019			Year Ended December 31, 2018
Beginning balance	$	236		$	268
Net decrease in valuation allowance		(183	)		(32	)
Ending balance	$	53		$	236

Schedule of Net Investment Income

The sources of net investment income are as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Interest from:
Fixed maturities - available-for-sale	$	3,171		$	3,423		$	9,613		$	10,241
Policyholder loans		80			85			292			242
Mortgage loans		715			551			1,999			1,603
Short-term investments		188			—			188			—
Cash and cash equivalents		284			34			390			87
Dividends on equity securities		107			106			314			299
Gross investment income		4,545			4,199			12,796			12,472
Investment expense		(368	)		(382	)		(1,118	)		(1,191	)
Net investment income	$	4,177		$	3,817		$	11,678		$	11,281

Schedule of Net Realized Investment (Losses) Gains

The sources of realized investment (losses) gains are as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Investment (losses) gains from:
Fixed maturities - available-for-sale	$	198		$	(43	)	$	351		$	207
Equity securities, trading		(440	)		98			207			(107	)
Mortgage loans		40			(35	)		213			18
Limited partnerships		1			6			(4	)		53
Investment expenses		(12	)		(14	)		(31	)		(38	)
Total net realized investment (losses) gains	$	(213	)	$	12		$	736		$	133

Rollforward of Cumulative Credit Losses on Fixed Maturity Securities

A rollforward of the cumulative credit losses on fixed maturity securities are as follows:

	September 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

September 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. agency mortgage-backed	$	1,612	$	(3	)	$	2,235	$	(29	)	$	3,847	$	(32	)
State and political subdivisions		258		(1	)		—		—			258		(1	)
Corporate and miscellaneous		4,497		(357	)		3,044		(350	)		7,541		(707	)
Residential mortgage-backed		392		(12	)		7		(1	)		399		(13	)
Commercial mortgage-backed		1,098		(3	)		—		—			1,098		(3	)
Asset-backed securities		24,053		(168	)		1,559		(55	)		25,612		(223	)
Total fixed maturities	$	31,910	$	(544	)	$	6,845	$	(435	)	$	38,755	$	(979	)

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		(1,069	)		69,472		(4,428	)
Residential mortgage-backed		4,667		(53	)		621		(22	)		5,288		(75	)
Commercial mortgage-backed		4,948		(117	)		4,357		(196	)		9,305		(313	)
Asset-backed securities		35,372		(703	)		6,325		(127	)		41,697		(830	)
Total fixed maturities	$	125,980	$	(4,548	)	$	35,063	$	(1,906	)	$	161,043	$	(6,454	)

Schedule of Number of Fixed Maturities in Unrealized Loss Position and Percentage Investment Grade

	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. agency mortgage-backed		5		5		—		—		100	%
State and political subdivision		1		1		—		—		100	%
Corporate and miscellaneous		18		14		4		—		33	%
Residential mortgage-backed		3		3		—		—		—
Commercial mortgage-backed		3		3		—		—		67	%
Asset-backed securities		39		39		—		—		92	%
Total fixed maturities		69		65		4		—

	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		6		5		1		—		100	%
Corporate and miscellaneous		7		6		1		—		29	%
Residential mortgage-backed		1		1		—		—		—
Asset-backed securities		2		2		—		—		100	%
Total fixed maturities		16		14		2		—

Reinsurance (Tables)

9 Months Ended

Sep. 30, 2019

Insurance [Abstract]

Schedule of Reinsurance Recoverable

Reinsurance recoverable is as follows:

	September 30,		December 31,
	2019		2018
Ceded future policy benefits	$	114,965	$	117,035
Claims and other amounts recoverable		19,108		19,566
Ending balance	$	134,073	$	136,601

Reconciliation of Direct Premiums to Net Premiums

The reconciliation of direct premiums to net premiums is as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Direct premiums	$	37,462		$	35,999		$	111,190		$	105,590
Assumed premiums		6,776			5,987			18,686			15,125
Ceded premiums		(19,814	)		(19,626	)		(56,572	)		(55,253	)
Net insurance premiums	$	24,424		$	22,360		$	73,304		$	65,462

Closed Block (Tables)

9 Months Ended

Sep. 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:

	September 30,			December 31,
	2019			2018
Actual cumulative (loss) income earnings over expected cumulative earnings	$	(8,835	)	$	(8,668	)
Income tax (benefit) expense		(1,855	)		(1,820	)
Net (loss) income impact		(6,980	)		(6,848	)
Accumulated net unrealized investment (losses) gains		(2,821	)		(715	)
Income tax (benefit) expense		(592	)		(150	)
Other comprehensive (loss) income impact		(2,229	)		(565	)
Comprehensive (loss) income impact	$	(9,209	)	$	(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:

	September 30,			December 31,
Closed Block Liabilities	2019			2018
Future policy benefits and claims	$	47,364		$	58,468
Policyholder account balances		7,680			8,147
Other policyholder liabilities		2,264			3,856
Policyholder dividend obligations		11,656			9,383
Other (assets) liabilities		(1,071	)		(1,061	)
Total Closed Block liabilities		67,893			78,793
Assets Designated to the Closed Block
Investments
Fixed maturity securities - available-for-sale (amortized cost $36,164 and $34,631, respectively)		40,616			36,104
Policyholder loans		1,245			1,321
Total investments		41,861			37,425
Cash and cash equivalents		2,317			2,664
Premiums due and uncollected		2,182			2,595
Accrued investment income		428			450
Reinsurance recoverable		25,933			36,900
Deferred income tax assets, net		3,460			5,314
Total assets designated to the Closed Block		76,181			85,348
Excess of Closed Block assets over liabilities		8,288			6,555
Amounts included in accumulated other comprehensive income:
Unrealized investment gains (losses), net of income tax		3,517			1,164
Allocated to policyholder dividend obligations, net of income tax		(2,228	)		(565	)
Total amounts included in accumulated other comprehensive income		1,289			599
Maximum future earnings and accumulated other comprehensive income to be recognized from Closed Block assets and liabilities (includes excess assets of $9,757 and $9,541, respectively)	$	(6,999	)	$	(5,956	)

Schedule of Policyholder Dividend Obligation

	September 30,		December 31,
Policyholder Dividend Obligations	2019		2018
Beginning balance	$	9,383	$	11,097
Impact from earnings allocable to policyholder dividend obligations		167		47
Change in net unrealized investment gains (losses) allocated to policyholder dividend obligations		2,106		(1,761	)
Ending balance	$	11,656	$	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 September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Revenues:
Life insurance premiums	$	1,158		$	1,054		$	3,941		$	4,626
Net investment income		381			398			1,167			1,215
Realized investment gains		88			1			88			37
Total revenues		1,627			1,453			5,196			5,878
Benefits and expenses:
Life and annuity benefits - including policyholder dividends of $145, $562, $814 and $1,208, respectively		1,338			789			3,828			3,948
Interest credited to policyholder account balances		48			54			146			156
General operating expenses		(250	)		(43	)		(99	)		288
Total expenses		1,136			800			3,875			4,392
Revenues, net of expenses before provision for income tax expense		491			653			1,321			1,486
Income tax expense (benefit)		103			137			277			312
Revenues, net of expenses and provision for income tax expense	$	388		$	516		$	1,044		$	1,174

Schedule of Amortized Cost and Fair Value of Closed Block Fixed Maturity Securities Portfolio by Contractual Maturity


	Amortized Cost		Fair Value
Due in one year or less	$	3,598	$	3,629
Due after one year through five years		6,259		6,482
Due after five years through ten years		6,339		6,846
Due after ten years		18,506		22,187
Securities not due at a single maturity date — primarily mortgage and asset- backed securities		1,462		1,472
Total fixed maturities	$	36,164	$	40,616

Assets and Liabilities Measured at Fair Value (Tables)

9 Months Ended

Sep. 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:

September 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	$	—	$	18,580	$	—	$	18,580
U.S. agency mortgage-backed		—		41,399		—		41,399
State and political subdivisions		—		22,779		—		22,779
Corporate and miscellaneous		1,599		150,883		—		152,482
Foreign government		—		168		—		168
Residential mortgage-backed securities		—		7,553		—		7,553
Commercial mortgage-backed securities		—		20,798		—		20,798
Asset-backed securities		—		56,755		3,213		59,968
Total fixed maturities available-for-sale		1,599		318,915		3,213		323,727
Short-term investments		71,204		—		—		71,204
Equity securities, available-for-sale		—		104		—		104
Equity securities, trading		5,298		—		—		5,298
Total recurring assets	$	78,101	$	319,019	$	3,213	$	400,333

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
Short-term investments		—		—		—		—
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 September 30, 2019
Financial Assets
Fixed maturities, available-for-sale
Corporate and miscellaneous	$	12,773	$	—	$	—	$	—	$	—	$	—		$	(12,773	)	$	—
Asset-backed securities		922		—		6		2,500		—		(215	)		—			3,213
Total assets	$	13,695	$	—	$	6	$	2,500	$	—	$	(215	)	$	(12,773	)	$	3,213

			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

September 30, 2019	Fair Value		Valuation technique	Unobservable Input(s)	Range (Weighted Average)
Asset-backed securities	$	3,213	Evaluated Pricing	Direct Observations & Observed Comparables	N/A

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
September 30, 2019	Carrying Value		Level 1		Level 2		Level 3		Total
Financial instruments recorded as assets:
Mortgage loans	$	53,112	$	—	$	—	$	49,972	$	49,972
Policyholder loans		5,874		—		—		7,695		7,695
Cash and cash equivalents		79,589		79,589		—		—		79,589
Financial instruments recorded as liabilities:
Future policy benefits, excluding term life reserves		21,263		—		—		19,191		19,191
Long/short-term debt		18,877		—		—		21,438		21,438
Policyholder account balances		88,947		—		—		91,652		91,652

			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

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details

Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 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 (loss)		—		15,772			15,772
Income tax (expense) benefit		—		(3,313	)		(3,313	)
Other comprehensive income (loss), net of tax		—		12,459			12,459
Balance at September 30, 2019	$	362	$	9,729		$	10,091

	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		—		(11,367	)		(11,367	)
Income tax benefit (expense)		—		2,387			2,387
Other comprehensive (loss) income, net of tax		—		(8,980	)		(8,980	)
Balance at September 30, 2018	$	362	$	(1,544	)	$	(1,182	)

Business Segments (Tables)

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Schedule of Segment Information

The segment results are as follows:

	Three Months Ended September 30, 2019															Three Months Ended September 30, 2018
	Insurance			Agency			Corporate			Eliminations			Total Consolidated			Insurance		Agency			Corporate			Eliminations			Total Consolidated
Net insurance premiums	$	24,424		$	-		$	-		$	-		$	24,424		$	22,360	$	—		$	—		$	—		$	22,360
Net investment income		3,792			-			476			(91	)		4,177			3,839		—			81			(103	)		3,817
Net realized investment (losses) gains		(213	)		-			-			-			(213	)		12		—			—			—			12
Earned commissions from external customers		—			4,540			—			—			4,540			—		3,420			—			—			3,420
Intersegment earned commissions		—			5,035			—			(5,035	)		—			—		7,625			—			(7,625	)		—
Other income		39			1,650			-			-			1,689			36		1,838			—			—			1,874
Total revenues		28,042			11,225			476			(5,126	)		34,617			26,247		12,883			81			(7,728	)		31,483
Life and annuity benefits		17,143			-			-			-			17,143			14,413		—			—			—			14,413
Operating costs and expenses		8,851			13,577			4,216			(3,090	)		23,554			7,059		13,029			1,340			(3,196	)		18,232
Amortization of deferred policy acquisition costs		4,256			-			-			(1,227	)		3,029			3,835		—			—			(1,121	)		2,714
Amortization of intangible assets		—			20			—			—			20			—		40			—			—			40
Total benefits and expenses		30,250			13,597			4,216			(4,317	)		43,746			25,307		13,069			1,340			(4,317	)		35,399
(Loss) income from operations before income tax	$	(2,208	)	$	(2,372	)	$	(3,740	)	$	(809	)	$	(9,129	)	$	940	$	(186	)	$	(1,259	)	$	(3,411	)	$	(3,916	)

	Nine Months Ended September 30, 2019															Nine Months Ended September 30, 2018
	Insurance			Agency			Corporate			Eliminations			Total Consolidated			Insurance		Agency			Corporate			Eliminations			Total Consolidated
Net insurance premiums	$	73,304		$	—		$	—		$	—		$	73,304		$	65,462	$	—		$	—		$	—		$	65,462
Net investment income		11,328			—			651			(301	)		11,678			11,355		—			211			(285	)		11,281
Net realized investment (losses) gains		736			—			—			—			736			133		—			—			—			133
Earned commissions from external customers		—			13,435			—			—			13,435			—		10,115			—			—			10,115
Intersegment earned commissions		—			16,874			—			(16,874	)		—			—		22,158			—			(22,158	)		—
Other income		180			4,529			—			—			4,709			193		6,143			—			—			6,336
Total revenues		85,548			34,838			651			(17,175	)		103,862			77,143		38,416			211			(22,443	)		93,327
Life and annuity benefits		51,111			—			—			—			51,111			42,793		—			—			—			42,793
Operating costs and expenses		24,330			39,073			7,350			(9,936	)		60,817			21,345		38,836			3,766			(10,687	)		53,260
Amortization of deferred policy acquisition costs		12,930			—			—			(3,379	)		9,551			11,691		—			—			(3,361	)		8,330
Amortization of intangible assets		—			62			—			—			62			—		123			—			—			123
Total benefits and expenses		88,371			39,135			7,350			(13,315	)		121,541			75,829		38,959			3,766			(14,048	)		104,506
(Loss) income from operations before income tax	$	(2,823	)	$	(4,297	)	$	(6,699	)	$	(3,860	)	$	(17,679	)	$	1,314	$	(543	)	$	(3,555	)	$	(8,395	)	$	(11,179	)

	September 30, 2019									December 31, 2018
	Insurance			Agency		Corporate		Total Consolidated		Insurance			Agency		Corporate		Total Consolidated
Total investments, cash and cash equivalents	$	397,129		$	1,924	$	139,855	$	538,908	$	386,254		$	590	$	2,219	$	389,063
Commissions and agent balances		(14,275	)		24,972		-		10,697		(13,160	)		15,024		—		1,864
Deferred policy acquisition costs		85,681			-		-		85,681		84,567			—		—		84,567
Intangible assets		—			1,655		—		1,655		—			1,716		—		1,716
Reinsurance recoverable		134,073			-		-		134,073		136,601			—		—		136,601
Deferred income tax (liabilities) assets, net		(9,299	)		-		16,883		7,584		(6,548	)		—		17,211		10,663
Other		22,381			3,255		2,463		28,099		18,468			2,584		9,444		30,496
Total assets	$	615,690		$	31,806	$	159,201	$	806,697	$	606,182		$	19,914	$	28,874	$	654,970

Summary of Significant Accounting Policies - Schedule of Cumulative Effect Changes and Impact of Adoption on Financial Statements (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Jan. 01, 2019	Dec. 31, 2018
ASSETS:
Commissions and agent balances	$ 10,697		$ 10,697			$ 1,864
Deferred income tax assets, net	7,584		7,584			10,663
LIABILITIES AND EQUITY:
Liabilities	498,016		498,016			482,780
Equity:	308,681	$ 177,959	308,681	$ 177,959		172,190
Retained earnings	165,757		165,757			$ 174,558
REVENUES:
Earned commissions	4,540	3,420	13,435	10,115
Total revenue	34,617	31,483	103,862	93,327
(Loss) income from operations before income tax	(9,129)	(3,916)	(17,679)	(11,179)
Income tax (benefit) expense	(591)	(1,051)	(307)	(1,915)
Net (loss) income	(8,538)	$ (2,865)	(17,372)	$ (9,264)
Accounting Standards Update 2014-09
ASSETS:
Commissions and agent balances					$ 10,435
Deferred income tax assets, net					10,663
LIABILITIES AND EQUITY:
Retained earnings					183,129
Adoption Adjustment \| Accounting Standards Update 2014-09
ASSETS:
Commissions and agent balances	152		152		8,571
LIABILITIES AND EQUITY:
Retained earnings	152		152		$ 8,571
REVENUES:
Earned commissions	(47)		152
Total revenue	(47)		152
(Loss) income from operations before income tax	(47)		152
Net (loss) income	(47)		152
Before Adoption Adjustment \| Accounting Standards Update 2014-09
ASSETS:
Commissions and agent balances	10,545		10,545
Deferred income tax assets, net	7,584		7,584
LIABILITIES AND EQUITY:
Retained earnings	165,605		165,605
REVENUES:
Earned commissions	4,587		13,283
Total revenue	34,664		103,710
(Loss) income from operations before income tax	(9,082)		(17,831)
Income tax (benefit) expense	(591)		(307)
Net (loss) income	$ (8,491)		$ (17,524)

Investments - Schedule of Available-for-sale Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Schedule Of Available For Sale Securities [Line Items]
Fixed maturities, available-for-sale, Amortized Cost	$ 301,130	$ 304,303
Fixed maturities, available-for-sale, Unrealized Gain	23,576	8,737
Fixed maturities, available-for-sale, Unrealized Loss	(979)	(6,454)
Fixed maturities, available-for-sale, Fair Value	323,727	306,586
Fixed maturities, available-for-sale, OTTI Losses	(277)	(269)
U.S. Government and Agencies
Schedule Of Available For Sale Securities [Line Items]
Fixed maturities, available-for-sale, Amortized Cost	16,308	11,459
Fixed maturities, available-for-sale, Unrealized Gain	2,272	1,181
Fixed maturities, available-for-sale, Unrealized Loss		(129)
Fixed maturities, available-for-sale, Fair Value	18,580	12,511
U.S. Agency Mortgage-backed
Schedule Of Available For Sale Securities [Line Items]
Fixed maturities, available-for-sale, Amortized Cost	40,295	32,811
Fixed maturities, available-for-sale, Unrealized Gain	1,136	332
Fixed maturities, available-for-sale, Unrealized Loss	(32)	(562)
Fixed maturities, available-for-sale, Fair Value	41,399	32,581
State and Political Subdivisions
Schedule Of Available For Sale Securities [Line Items]
Fixed maturities, available-for-sale, Amortized Cost	20,643	23,334
Fixed maturities, available-for-sale, Unrealized Gain	2,137	694
Fixed maturities, available-for-sale, Unrealized Loss	(1)	(117)
Fixed maturities, available-for-sale, Fair Value	22,779	23,911
Corporate and Miscellaneous
Schedule Of Available For Sale Securities [Line Items]
Fixed maturities, available-for-sale, Amortized Cost	137,171	155,372
Fixed maturities, available-for-sale, Unrealized Gain	16,018	5,972
Fixed maturities, available-for-sale, Unrealized Loss	(707)	(4,428)
Fixed maturities, available-for-sale, Fair Value	152,482	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	37	11
Fixed maturities, available-for-sale, Fair Value	168	142
Residential Mortgage-backed Securities
Schedule Of Available For Sale Securities [Line Items]
Fixed maturities, available-for-sale, Amortized Cost	7,075	9,786
Fixed maturities, available-for-sale, Unrealized Gain	491	374
Fixed maturities, available-for-sale, Unrealized Loss	(13)	(75)
Fixed maturities, available-for-sale, Fair Value	7,553	10,085
Fixed maturities, available-for-sale, OTTI Losses	(277)	(269)
Commercial Mortgage-backed Securities
Schedule Of Available For Sale Securities [Line Items]
Fixed maturities, available-for-sale, Amortized Cost	19,724	16,409
Fixed maturities, available-for-sale, Unrealized Gain	1,077	56
Fixed maturities, available-for-sale, Unrealized Loss	(3)	(313)
Fixed maturities, available-for-sale, Fair Value	20,798	16,152
Asset-backed Securities
Schedule Of Available For Sale Securities [Line Items]
Fixed maturities, available-for-sale, Amortized Cost	59,783	55,001
Fixed maturities, available-for-sale, Unrealized Gain	408	117
Fixed maturities, available-for-sale, Unrealized Loss	(223)	(830)
Fixed maturities, available-for-sale, Fair Value	$ 59,968	$ 54,288

Investments - Schedule of Amortized Cost and Fair Value of Fixed Maturities Available-for-sale by Contractual Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Investments Debt And Equity Securities [Abstract]
Due in one year or less, Amortized Cost	$ 11,853
Due after one year through five years, Amortized Cost	35,033
Due after five years through ten years, Amortized Cost	28,360
Due after ten years, Amortized Cost	98,829
Securities not due at a single maturity date — primarily mortgage and asset-backed securities, Amortized Cost	127,055
Fixed maturities, available-for-sale, Amortized Cost	301,130	$ 304,303
Due in one year or less, Fair Value	12,005
Due after one year through five years, Fair Value	36,739
Due after five years through ten years, Fair Value	30,494
Due after ten years, Fair Value	114,593
Securities not due at a single maturity date — primarily mortgage and asset-backed securities, Fair Value	129,896
Total fixed maturities, available-for-sale, Fair value	$ 323,727	$ 306,586

Investments - Additional Information (Details)	9 Months Ended		12 Months Ended
Investments - Additional Information (Details)	Sep. 30, 2019 USD ($) Investment Loan	Sep. 30, 2018 USD ($)	Dec. 31, 2018 USD ($) Loan
Schedule Of Investments [Line Items]
Short-term investments	$ 71,204,000
Short-term investments - amortized cost	$ 71,190,000		$ 0
Number of investment instruments \| Investment	32
Number of mortgage loan \| Loan	292
Loan average balance	$ 182,000
Maximum exposure related to a single loan	555,000
New mortgage loans purchased	$ 4,508,000	$ 8,423,000
Number of mortgage loans in restructured status \| Loan	5		6
Total carrying value of mortgage loans in restructured status	$ 530,000		$ 617,000
Impairments for mortgage loans	0		0
Mortgage loans, nonaccrual status	0		0
Commitment to investment in mortgage loans	452,000		4,397,000
Carrying value of limited partnerships			118,000
Funding commitments	0
Gross unrealized losses	$ 979,000		$ 6,454,000
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%
U.S Treasury Bills
Schedule Of Investments [Line Items]
Short-term investments	$ 71,204,000
Short-term investments - amortized cost	$ 71,190,000
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	98.20%		94.00%
Fixed Maturities
Schedule Of Investments [Line Items]
Deposit with governmental authorities	$ 5,159,000		$ 4,273,000

Investments - Schedule of Mortgage Loan Holdings Diversified by Geography and Property (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018	Dec. 31, 2017
Schedule Of Investments [Line Items]
Valuation allowance	$ (53)	$ (236)	$ (268)
Net carrying value of mortgage loans	$ 53,112	$ 50,830
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	25.00%	23.90%
Mortgage Loans Receivable \| Geographic Concentration Risk \| East North Central
Schedule Of Investments [Line Items]
Fixed maturities portfolio	22.70%	22.10%
Mortgage Loans Receivable \| Geographic Concentration Risk \| South Atlantic
Schedule Of Investments [Line Items]
Fixed maturities portfolio	22.20%	23.70%
Mortgage Loans Receivable \| Geographic Concentration Risk \| West North Central
Schedule Of Investments [Line Items]
Fixed maturities portfolio	8.20%	8.00%
Mortgage Loans Receivable \| Geographic Concentration Risk \| Mountain
Schedule Of Investments [Line Items]
Fixed maturities portfolio	7.90%	8.50%
Mortgage Loans Receivable \| Geographic Concentration Risk \| Middle Atlantic
Schedule Of Investments [Line Items]
Fixed maturities portfolio	5.40%	5.30%
Mortgage Loans Receivable \| Geographic Concentration Risk \| East South Central
Schedule Of Investments [Line Items]
Fixed maturities portfolio	6.00%	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	2.30%	2.50%
Mortgage Loans
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans	$ 53,165	$ 51,066
Valuation allowance	(53)	(236)
Net carrying value of mortgage loans	53,112	50,830
Mortgage Loans \| West South Central
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans	13,296	12,223
Mortgage Loans \| East North Central
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans	12,196	11,262
Mortgage Loans \| South Atlantic
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans	11,777	12,105
Mortgage Loans \| West North Central
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans	4,339	4,067
Mortgage Loans \| Mountain
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans	4,191	4,357
Mortgage Loans \| Middle Atlantic
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans	2,852	2,714
Mortgage Loans \| East South Central
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans	3,165	2,903
Mortgage Loans \| New England
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans	137	144
Mortgage Loans \| Pacific
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans	$ 1,212	$ 1,291
Retail \| Mortgage Loans Receivable \| Credit Concentration Risk
Schedule Of Investments [Line Items]
Fixed maturities portfolio	32.20%	31.50%
Retail \| Mortgage Loans
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans	$ 17,103	$ 16,081
Office \| Mortgage Loans Receivable \| Credit Concentration Risk
Schedule Of Investments [Line Items]
Fixed maturities portfolio	23.50%	24.40%
Office \| Mortgage Loans
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans	$ 12,488	$ 12,446
Industrial \| Mortgage Loans Receivable \| Credit Concentration Risk
Schedule Of Investments [Line Items]
Fixed maturities portfolio	16.20%	15.20%
Industrial \| Mortgage Loans
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans	$ 8,635	$ 7,742
Mixed Use \| Mortgage Loans Receivable \| Credit Concentration Risk
Schedule Of Investments [Line Items]
Fixed maturities portfolio	11.80%	12.80%
Mixed Use \| Mortgage Loans
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans	$ 6,296	$ 6,526
Apartments \| Mortgage Loans Receivable \| Credit Concentration Risk
Schedule Of Investments [Line Items]
Fixed maturities portfolio	8.00%	8.10%
Apartments \| Mortgage Loans
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans	$ 4,238	$ 4,118
Medical Office \| Mortgage Loans Receivable \| Credit Concentration Risk
Schedule Of Investments [Line Items]
Fixed maturities portfolio	6.00%	5.70%
Medical Office \| Mortgage Loans
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans	$ 3,191	$ 2,905
Other \| Mortgage Loans Receivable \| Credit Concentration Risk
Schedule Of Investments [Line Items]
Fixed maturities portfolio	2.30%	2.30%
Other \| Mortgage Loans
Schedule Of Investments [Line Items]
Gross carrying value of mortgage loans	$ 1,214	$ 1,248

Investments - Schedule of Net Investment Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Schedule Of Investment Income Reported Amounts By Category [Line Items]
Dividends on equity securities	$ 107	$ 106	$ 314	$ 299
Gross investment income	4,545	4,199	12,796	12,472
Investment expense	(368)	(382)	(1,118)	(1,191)
Net investment income	4,177	3,817	11,678	11,281
Fixed Maturities
Schedule Of Investment Income Reported Amounts By Category [Line Items]
Interest	3,171	3,423	9,613	10,241
Policyholder Loans
Schedule Of Investment Income Reported Amounts By Category [Line Items]
Interest	80	85	292	242
Mortgage Loans
Schedule Of Investment Income Reported Amounts By Category [Line Items]
Interest	715	551	1,999	1,603
Short Term Investments
Schedule Of Investment Income Reported Amounts By Category [Line Items]
Interest	188		188
Cash and Cash Equivalents
Schedule Of Investment Income Reported Amounts By Category [Line Items]
Interest	$ 284	$ 34	$ 390	$ 87

Investments - Schedule of Net Realized Investment (Losses) Gains (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 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)	$ (14)	$ (31)	$ (38)
Total net realized investment (losses) gains	(213)	12	736	133
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	198	(43)	351	207
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	(440)	98	207	(107)
Mortgage Loans
Schedule Of Gain Loss On Investments Including Marketable Securities And Investments Held At Cost Income Statement Reported Amounts Summary [Line Items]
Investment (losses) gains	40	(35)	213	18
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	$ 1	$ 6	$ (4)	$ 53

Investments - Fair Value and Gross Unrealized Losses for Fixed Maturities Available-for-sale in Continuous Gross Unrealized Loss Position (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Schedule Of Available For Sale Securities [Line Items]
Fixed maturity securities, 12 months or less, Estimated Fair Value	$ 31,910	$ 125,980
Fixed maturity securities, 12 months or less, Gross Unrealized Losses	(544)	(4,548)
Fixed maturity securities, Longer than 12 months, Estimated Fair Value	6,845	35,063
Fixed maturity securities, Longer than 12 months, Gross Unrealized Losses	(435)	(1,906)
Fixed maturity securities, Total, Estimated Fair Value	38,755	161,043
Fixed maturity securities, Total, Gross Unrealized Losses	(979)	(6,454)
U.S. Agency Mortgage-backed
Schedule Of Available For Sale Securities [Line Items]
Fixed maturity securities, 12 months or less, Estimated Fair Value	1,612	11,420
Fixed maturity securities, 12 months or less, Gross Unrealized Losses	(3)	(171)
Fixed maturity securities, Longer than 12 months, Estimated Fair Value	2,235	12,565
Fixed maturity securities, Longer than 12 months, Gross Unrealized Losses	(29)	(391)
Fixed maturity securities, Total, Estimated Fair Value	3,847	23,985
Fixed maturity securities, Total, Gross Unrealized Losses	(32)	(562)
State and Political Subdivisions
Schedule Of Available For Sale Securities [Line Items]
Fixed maturity securities, 12 months or less, Estimated Fair Value	258	5,420
Fixed maturity securities, 12 months or less, Gross Unrealized Losses	(1)	(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	258	7,836
Fixed maturity securities, Total, Gross Unrealized Losses	(1)	(117)
Corporate and Miscellaneous
Schedule Of Available For Sale Securities [Line Items]
Fixed maturity securities, 12 months or less, Estimated Fair Value	4,497	62,162
Fixed maturity securities, 12 months or less, Gross Unrealized Losses	(357)	(3,359)
Fixed maturity securities, Longer than 12 months, Estimated Fair Value	3,044	7,310
Fixed maturity securities, Longer than 12 months, Gross Unrealized Losses	(350)	(1,069)
Fixed maturity securities, Total, Estimated Fair Value	7,541	69,472
Fixed maturity securities, Total, Gross Unrealized Losses	(707)	(4,428)
Residential Mortgage-backed Securities
Schedule Of Available For Sale Securities [Line Items]
Fixed maturity securities, 12 months or less, Estimated Fair Value	392	4,667
Fixed maturity securities, 12 months or less, Gross Unrealized Losses	(12)	(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	399	5,288
Fixed maturity securities, Total, Gross Unrealized Losses	(13)	(75)
Commercial Mortgage-backed Securities
Schedule Of Available For Sale Securities [Line Items]
Fixed maturity securities, 12 months or less, Estimated Fair Value	1,098	4,948
Fixed maturity securities, 12 months or less, Gross Unrealized Losses	(3)	(117)
Fixed maturity securities, Longer than 12 months, Estimated Fair Value		4,357
Fixed maturity securities, Longer than 12 months, Gross Unrealized Losses		(196)
Fixed maturity securities, Total, Estimated Fair Value	1,098	9,305
Fixed maturity securities, Total, Gross Unrealized Losses	(3)	(313)
Asset-backed Securities
Schedule Of Available For Sale Securities [Line Items]
Fixed maturity securities, 12 months or less, Estimated Fair Value	24,053	35,372
Fixed maturity securities, 12 months or less, Gross Unrealized Losses	(168)	(703)
Fixed maturity securities, Longer than 12 months, Estimated Fair Value	1,559	6,325
Fixed maturity securities, Longer than 12 months, Gross Unrealized Losses	(55)	(127)
Fixed maturity securities, Total, Estimated Fair Value	25,612	41,697
Fixed maturity securities, Total, Gross Unrealized Losses	$ (223)	(830)
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)

Investments - Schedule of Number of Fixed Maturities in Unrealized Loss Position and Percentage Investment Grade (Details)	Sep. 30, 2019 Security
Schedule Of Available For Sale Securities [Line Items]
Unrealized Losses 12 months or less, Number of Securities, Total	69
Unrealized Losses 12 months or less, Number of Securities, Impairment is Less than 10% of Amortized Cost	65
Unrealized Losses 12 months or less, Number of Securities, Impairment is Between 10% and 20% of Amortized Cost	4
Unrealized Losses greater than 12 months, Number of Securities, Total	16
Unrealized Losses greater than 12 months, Number of Securities, Impairment is Less than 10% of Amortized Cost	14
Unrealized Losses greater than 12 months, Number of Securities, Impairment is Between 10% and 20% of Amortized Cost	2
U.S. Agency Mortgage-backed
Schedule Of Available For Sale Securities [Line Items]
Unrealized Losses 12 months or less, Number of Securities, Total	5
Unrealized Losses 12 months or less, Number of Securities, Impairment is Less than 10% of Amortized Cost	5
Unrealized Losses 12 months or less, Percent Investment Grade	100.00%
Unrealized Losses greater than 12 months, Number of Securities, Total	6
Unrealized Losses greater than 12 months, Number of Securities, Impairment is Less than 10% of Amortized Cost	5
Unrealized Losses greater than 12 months, Number of Securities, Impairment is Between 10% and 20% of Amortized Cost	1
Unrealized Losses greater than 12 months, Percent Investment Grade	100.00%
State and Political Subdivisions
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	100.00%
Corporate and Miscellaneous
Schedule Of Available For Sale Securities [Line Items]
Unrealized Losses 12 months or less, Number of Securities, Total	18
Unrealized Losses 12 months or less, Number of Securities, Impairment is Less than 10% of Amortized Cost	14
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, Percent Investment Grade	33.00%
Unrealized Losses greater than 12 months, Number of Securities, Total	7
Unrealized Losses greater than 12 months, Number of Securities, Impairment is Less than 10% of Amortized Cost	6
Unrealized Losses greater than 12 months, Number of Securities, Impairment is Between 10% and 20% of Amortized Cost	1
Unrealized Losses greater than 12 months, Percent Investment Grade	29.00%
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 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
Commercial 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	67.00%
Asset-backed Securities
Schedule Of Available For Sale Securities [Line Items]
Unrealized Losses 12 months or less, Number of Securities, Total	39
Unrealized Losses 12 months or less, Number of Securities, Impairment is Less than 10% of Amortized Cost	39
Unrealized Losses 12 months or less, Percent Investment Grade	92.00%
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 Information (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Liability For Future Policy Benefit By Product Segment [Line Items]
Policy liability	$ 4,453	$ 2,001
Percentage of participating life insurance in force	17.50%	21.90%
Structured Settlement Contract
Liability For Future Policy Benefit By Product Segment [Line Items]
Policy liability	$ 18,523	$ 16,145
Policy liability that are life contingent	$ 13,573	$ 11,258

Reinsurance - Schedule of Reinsurance Recoverable (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Insurance [Abstract]
Ceded future policy benefits	$ 114,965	$ 117,035
Claims and other amounts recoverable	19,108	19,566
Ending balance	$ 134,073	$ 136,601

Reinsurance - Reconciliation of Direct Premiums to Net Premiums (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Insurance [Abstract]
Direct premiums	$ 37,462	$ 35,999	$ 111,190	$ 105,590
Assumed premiums	6,776	5,987	18,686	15,125
Ceded premiums	(19,814)	(19,626)	(56,572)	(55,253)
Net insurance premiums	$ 24,424	$ 22,360	$ 73,304	$ 65,462

Closed Block - Schedule of Impacts on Comprehensive (Loss) Income from Recognizing Policyholder Dividend Obligation (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Closed Block Disclosure [Abstract]
Actual cumulative (loss) income earnings over expected cumulative earnings	$ (8,835)	$ (8,668)
Income tax (benefit) expense	(1,855)	(1,820)
Net (loss) income impact	(6,980)	(6,848)
Accumulated net unrealized investment (losses) gains	(2,821)	(715)
Income tax (benefit) expense	(592)	(150)
Other comprehensive (loss) income impact	(2,229)	(565)
Comprehensive (loss) income impact	$ (9,209)	$ (7,413)

Closed Block - Schedule of Information Regarding Closed Block Liabilities (Assets) Designated to Closed Block (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Dec. 31, 2017
Closed Block Liabilities
Future policy benefits and claims	$ 47,364	$ 58,468
Policyholder account balances	7,680	8,147
Other policyholder liabilities	2,264	3,856
Policy dividend obligations	11,656	9,383	$ 11,097
Other (assets) liabilities	(1,071)	(1,061)
Total Closed Block liabilities	67,893	78,793
Investments
Fixed maturity securities - available-for-sale	40,616	36,104
Policyholder loans	1,245	1,321
Total investments	41,861	37,425
Cash and cash equivalents	2,317	2,664
Premiums due and uncollected	2,182	2,595
Accrued investment income	428	450
Reinsurance recoverable	25,933	36,900
Deferred income tax assets, net	3,460	5,314
Total assets designated to the Closed Block	76,181	85,348
Excess of Closed Block assets over liabilities	8,288	6,555
Amounts included in accumulated other comprehensive income:
Unrealized investment gains (losses), net of income tax	3,517	1,164
Allocated to policyholder dividend obligations, net of income tax	(2,228)	(565)
Total amounts included in accumulated other comprehensive income	1,289	599
Maximum future earnings and accumulated other comprehensive income to be recognized from Closed Block assets and liabilities	$ (6,999)	$ (5,956)

Closed Block - Schedule of Policyholder Dividend Obligation (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Policyholder Dividend Obligations
Beginning balance	$ 9,383	$ 11,097
Impact from earnings allocable to policyholder dividend obligations	167	47
Change in net unrealized investment gains (losses) allocated to policyholder dividend obligations	2,106	(1,761)
Ending balance	$ 11,656	$ 9,383

Closed Block - Schedule of Information Regarding Closed Block Revenues and Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenues:
Life insurance premiums	$ 1,158	$ 1,054	$ 3,941	$ 4,626
Net investment income	381	398	1,167	1,215
Realized investment gains	88	1	88	37
Total revenues	1,627	1,453	5,196	5,878
Benefits and expenses:
Life and annuity benefits - including policyholder dividends of $145, $562, $814 and $1,208, respectively	1,338	789	3,828	3,948
Interest credited to policyholder account balances	48	54	146	156
General operating expenses	(250)	(43)	(99)	288
Total expenses	1,136	800	3,875	4,392
Revenues, net of expenses before provision for income tax expense	491	653	1,321	1,486
Income tax expense (benefit)	103	137	277	312
Revenues, net of expenses and provision for income tax expense	$ 388	$ 516	$ 1,044	$ 1,174

Closed Block - Schedule of Amortized Cost and Fair Value of Closed Block Fixed Maturity Securities Portfolio by Contractual Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Closed Block Disclosure [Abstract]
Amortized Cost, Due in one year or less	$ 3,598
Amortized Cost, Due after one year through five years	6,259
Amortized Cost, Due after five years through ten years	6,339
Amortized Cost, Due after ten years	18,506
Amortized Cost, Securities not due at a single maturity date primarily mortgage and asset-backed securities	1,462
Amortized Cost, Total fixed maturities	36,164	$ 34,631
Fair Value, Due in one year or less	3,629
Fair Value, Due after one year through five years	6,482
Fair Value, Due after five years through ten years	6,846
Fair Value, Due after ten years	22,187
Fair Value, Securities not due at a single maturity date primarily mortgage and asset-backed securities	1,472
Fair Value, Total fixed maturities	$ 40,616	$ 36,104

Commitments and Contingencies - Additional Information (Details) - Federal Home Loan Bank of Chicago - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Commitments and Contingencies Disclosure [Line items]
Common stock held	$ 104,000
Maximum borrowing available	2,311,000
Borrowings	$ 0	$ 0

Assets and Liabilities Measured at Fair Value - Summary of Assets Carried at Fair Value on Recurring and Non-recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Recurring fair value measurements
Fixed maturities, available-for-sale	$ 323,727	$ 306,586
Short-term investments	71,204
Equity securities, available-for-sale	104	99
Equity securities, trading	5,298	4,823
U.S. Government and Agencies
Recurring fair value measurements
Fixed maturities, available-for-sale	18,580	12,511
U.S. Agency Mortgage-backed
Recurring fair value measurements
Fixed maturities, available-for-sale	41,399	32,581
State and Political Subdivisions
Recurring fair value measurements
Fixed maturities, available-for-sale	22,779	23,911
Corporate and Miscellaneous
Recurring fair value measurements
Fixed maturities, available-for-sale	152,482	156,916
Corporate and Miscellaneous \| Level 3
Recurring fair value measurements
Fixed maturities, available-for-sale		12,773
Foreign Government
Recurring fair value measurements
Fixed maturities, available-for-sale	168	142
Residential Mortgage-backed Securities
Recurring fair value measurements
Fixed maturities, available-for-sale	7,553	10,085
Commercial Mortgage-backed Securities
Recurring fair value measurements
Fixed maturities, available-for-sale	20,798	16,152
Asset-backed Securities
Recurring fair value measurements
Fixed maturities, available-for-sale	59,968	54,288
Asset-backed Securities \| Level 3
Recurring fair value measurements
Fixed maturities, available-for-sale	3,213
Fair Value, Measurements, Recurring
Recurring fair value measurements
Fixed maturities, available-for-sale	323,727	306,586
Short-term investments	71,204
Equity securities, available-for-sale	104	99
Equity securities, trading	5,298	4,823
Total recurring assets	400,333	311,508
Fair Value, Measurements, Recurring \| Level 1
Recurring fair value measurements
Fixed maturities, available-for-sale	1,599	1,637
Short-term investments	71,204
Equity securities, trading	5,298	4,823
Total recurring assets	78,101	6,460
Fair Value, Measurements, Recurring \| Level 2
Recurring fair value measurements
Fixed maturities, available-for-sale	318,915	291,254
Equity securities, available-for-sale	104	99
Total recurring assets	319,019	291,353
Fair Value, Measurements, Recurring \| Level 3
Recurring fair value measurements
Fixed maturities, available-for-sale	3,213	13,695
Total recurring assets	3,213	13,695
Fair Value, Measurements, Recurring \| U.S. Government and Agencies
Recurring fair value measurements
Fixed maturities, available-for-sale	18,580	12,510
Fair Value, Measurements, Recurring \| U.S. Government and Agencies \| Level 2
Recurring fair value measurements
Fixed maturities, available-for-sale	18,580	12,510
Fair Value, Measurements, Recurring \| U.S. Agency Mortgage-backed
Recurring fair value measurements
Fixed maturities, available-for-sale	41,399	32,582
Fair Value, Measurements, Recurring \| U.S. Agency Mortgage-backed \| Level 2
Recurring fair value measurements
Fixed maturities, available-for-sale	41,399	32,582
Fair Value, Measurements, Recurring \| State and Political Subdivisions
Recurring fair value measurements
Fixed maturities, available-for-sale	22,779	23,911
Fair Value, Measurements, Recurring \| State and Political Subdivisions \| Level 2
Recurring fair value measurements
Fixed maturities, available-for-sale	22,779	23,911
Fair Value, Measurements, Recurring \| Corporate and Miscellaneous
Recurring fair value measurements
Fixed maturities, available-for-sale	152,482	156,917
Fair Value, Measurements, Recurring \| Corporate and Miscellaneous \| Level 1
Recurring fair value measurements
Fixed maturities, available-for-sale	1,599	1,637
Fair Value, Measurements, Recurring \| Corporate and Miscellaneous \| Level 2
Recurring fair value measurements
Fixed maturities, available-for-sale	150,883	142,507
Fair Value, Measurements, Recurring \| Corporate and Miscellaneous \| Level 3
Recurring fair value measurements
Fixed maturities, available-for-sale		12,773
Fair Value, Measurements, Recurring \| Foreign Government
Recurring fair value measurements
Fixed maturities, available-for-sale	168	142
Fair Value, Measurements, Recurring \| Foreign Government \| Level 2
Recurring fair value measurements
Fixed maturities, available-for-sale	168	142
Fair Value, Measurements, Recurring \| Residential Mortgage-backed Securities
Recurring fair value measurements
Fixed maturities, available-for-sale	7,553	10,085
Fair Value, Measurements, Recurring \| Residential Mortgage-backed Securities \| Level 2
Recurring fair value measurements
Fixed maturities, available-for-sale	7,553	10,085
Fair Value, Measurements, Recurring \| Commercial Mortgage-backed Securities
Recurring fair value measurements
Fixed maturities, available-for-sale	20,798	16,151
Fair Value, Measurements, Recurring \| Commercial Mortgage-backed Securities \| Level 2
Recurring fair value measurements
Fixed maturities, available-for-sale	20,798	16,151
Fair Value, Measurements, Recurring \| Asset-backed Securities
Recurring fair value measurements
Fixed maturities, available-for-sale	59,968	54,288
Fair Value, Measurements, Recurring \| Asset-backed Securities \| Level 2
Recurring fair value measurements
Fixed maturities, available-for-sale	56,755	53,366
Fair Value, Measurements, Recurring \| Asset-backed Securities \| Level 3
Recurring fair value measurements
Fixed maturities, available-for-sale	$ 3,213	$ 922

Assets and Liabilities Measured at Fair Value - Additional Information (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2019 USD ($) Investment Security	Dec. 31, 2018 USD ($) Investment
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Number of investments transferred from level 3 to level 2 \| Investment	29	1
Fair value, assets transfers from Level 1 to Level 2	$ 0
Fair value, assets transfers from Level 2 to Level 1	0
Mortgage loans	53,112,000	$ 50,830,000
Second and Mezzanine Mortgages
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Mortgage loans	$ 3,193,000	$ 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	3

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	9 Months Ended	12 Months Ended
	Sep. 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: OCI	6	(607)
Purchases	2,500
Settlements	(215)	(7,738)
Net Transfers	(12,773)	(1,250)
Financial Assets, Ending Balance	3,213	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: OCI		(607)
Settlements		(7,660)
Net Transfers	(12,773)	(1,250)
Financial Assets, Ending Balance		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	6
Purchases	2,500
Settlements	(215)	(78)
Financial Assets, Ending Balance	$ 3,213	$ 922

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	Sep. 30, 2019 USD ($)	Dec. 31, 2018 USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fixed maturities, available-for-sale, Fair Value	$ 323,727	$ 306,586
Asset-backed Securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fixed maturities, available-for-sale, Fair Value	59,968	54,288
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	152,482	156,916
Level 3 \| Asset-backed Securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fixed maturities, available-for-sale, Fair Value	$ 3,213
Debt Securities, Available-for-sale, Valuation Technique [Extensible List]	us-gaap:ValuationTechniqueConsensusPricingModelMember
Debt Securities, Available-for-sale, Measurement Input [Extensible List]	very:MeasurementInputDirectObservationsAndObservedComparablesMember
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		$ 12,773
Debt Securities, Available-for-sale, Valuation Technique [Extensible List]		us-gaap:ValuationTechniqueMatrixPricingMember
Debt Securities, Available-for-sale, Measurement Input [Extensible List]		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		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		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		102

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	Sep. 30, 2019	Dec. 31, 2018
Carrying Value
Financial instruments recorded as assets:
Mortgage loans	$ 53,112	$ 50,830
Policyholder loans	5,874	5,623
Cash and cash equivalents	79,589
Financial instruments recorded as liabilities:
Future policy benefits, excluding term life reserves	21,263	18,774
Long/short-term debt	18,877	13,366
Policyholder account balances	88,947	93,051
Estimated Fair Value
Financial instruments recorded as assets:
Mortgage loans	49,972	46,629
Policyholder loans	7,695	7,355
Cash and cash equivalents	79,589
Financial instruments recorded as liabilities:
Future policy benefits, excluding term life reserves	19,191	17,090
Long/short-term debt	21,438	12,992
Policyholder account balances	91,652	88,513
Estimated Fair Value \| Level 1
Financial instruments recorded as assets:
Cash and cash equivalents	79,589
Estimated Fair Value \| Level 3
Financial instruments recorded as assets:
Mortgage loans	49,972	46,629
Policyholder loans	7,695	7,355
Financial instruments recorded as liabilities:
Future policy benefits, excluding term life reserves	19,191	17,090
Long/short-term debt	21,438	12,992
Policyholder account balances	$ 91,652	$ 88,513

Long and Short-term Debt - Schedule of Long term and Short term Debt Pay Back (Details) $ in Thousands	Sep. 30, 2019 USD ($)
Debt Disclosure [Abstract]
Due in one year or less	$ 3,840
Due after one year through two years	2,360
Due after two years through three years	2,143
Due after three years through four years	1,993
Due after four years through five years	1,880
Due after five years	14,804
Less discount	(8,143)
Total long/short-term debt	$ 18,877

Accumulated Other Comprehensive Income (Loss) - Changes in Accumulated Other Comprehensive Income (Loss), Net of Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Accumulated Other Comprehensive Income Loss [Line Items]
Balance – beginning of period			$ 172,190
Other comprehensive income (loss)			15,772	$ (11,367)
Income tax (expense) benefit			(3,313)	2,387
Total comprehensive income (loss)	$ 3,153	$ (1,156)	12,459	(8,980)
Balance – end of period	308,681	177,959	308,681	177,959
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 income (loss)			15,772	(11,367)
Income tax (expense) benefit			(3,313)	2,387
Total comprehensive income (loss)			12,459	(8,980)
Balance – end of period	9,729	(1,544)	9,729	(1,544)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income Loss [Line Items]
Balance – beginning of period			(2,368)	7,798
Balance – end of period	$ 10,091	$ (1,182)	$ 10,091	$ (1,182)

Business Segments - Schedule of Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Net insurance premiums	$ 24,424	$ 22,360	$ 73,304	$ 65,462
Net investment income	4,177	3,817	11,678	11,281
Net realized investment (losses) gains	(213)	12	736	133
Earned commissions from external customers	4,540	3,420	13,435	10,115
Other income	1,689	1,874	4,709	6,336
Total revenue	34,617	31,483	103,862	93,327
Life and annuity benefits	17,143	14,413	51,111	42,793
Operating costs and expenses	23,554	18,232	60,817	53,260
Amortization of deferred policy acquisition costs	3,029	2,714	9,551	8,330
Amortization of intangible assets	20	40	62	123
Total benefits and expenses	43,746	35,399	121,541	104,506
(Loss) income from operations before income tax	(9,129)	(3,916)	(17,679)	(11,179)
Total investments, cash and cash equivalents	538,908		538,908		$ 389,063
Commissions and agent balances	10,697		10,697		1,864
Deferred policy acquisition costs	85,681		85,681		84,567
Intangible assets	1,655		1,655		1,716
Reinsurance recoverable	134,073		134,073		136,601
Deferred income tax (liabilities) assets, net	7,584		7,584		10,663
Other	28,099		28,099		30,496
Total assets	806,697		806,697		654,970
Insurance
Segment Reporting Information [Line Items]
Total investments, cash and cash equivalents	397,129		397,129		386,254
Commissions and agent balances	(14,275)		(14,275)		(13,160)
Deferred policy acquisition costs	85,681		85,681		84,567
Reinsurance recoverable	134,073		134,073		136,601
Deferred income tax (liabilities) assets, net	(9,299)		(9,299)		(6,548)
Other	22,381		22,381		18,468
Total assets	615,690		615,690		606,182
Agency
Segment Reporting Information [Line Items]
Total investments, cash and cash equivalents	1,924		1,924		590
Commissions and agent balances	24,972		24,972		15,024
Intangible assets	1,655		1,655		1,716
Other	3,255		3,255		2,584
Total assets	31,806		31,806		19,914
Corporate
Segment Reporting Information [Line Items]
Total investments, cash and cash equivalents	139,855		139,855		2,219
Deferred income tax (liabilities) assets, net	16,883		16,883		17,211
Other	2,463		2,463		9,444
Total assets	159,201		159,201		$ 28,874
Operating Segments \| Insurance
Segment Reporting Information [Line Items]
Net insurance premiums	24,424	22,360	73,304	65,462
Net investment income	3,792	3,839	11,328	11,355
Net realized investment (losses) gains	(213)	12	736	133
Other income	39	36	180	193
Total revenue	28,042	26,247	85,548	77,143
Life and annuity benefits	17,143	14,413	51,111	42,793
Operating costs and expenses	8,851	7,059	24,330	21,345
Amortization of deferred policy acquisition costs	4,256	3,835	12,930	11,691
Total benefits and expenses	30,250	25,307	88,371	75,829
(Loss) income from operations before income tax	(2,208)	940	(2,823)	1,314
Operating Segments \| Agency
Segment Reporting Information [Line Items]
Earned commissions from external customers	4,540	3,420	13,435	10,115
Intersegment earned commissions	5,035	7,625	16,874	22,158
Other income	1,650	1,838	4,529	6,143
Total revenue	11,225	12,883	34,838	38,416
Operating costs and expenses	13,577	13,029	39,073	38,836
Amortization of intangible assets	20	40	62	123
Total benefits and expenses	13,597	13,069	39,135	38,959
(Loss) income from operations before income tax	(2,372)	(186)	(4,297)	(543)
Operating Segments \| Corporate
Segment Reporting Information [Line Items]
Net investment income	476	81	651	211
Total revenue	476	81	651	211
Operating costs and expenses	4,216	1,340	7,350	3,766
Total benefits and expenses	4,216	1,340	7,350	3,766
(Loss) income from operations before income tax	(3,740)	(1,259)	(6,699)	(3,555)
Eliminations
Segment Reporting Information [Line Items]
Net investment income	(91)	(103)	(301)	(285)
Intersegment earned commissions	(5,035)	(7,625)	(16,874)	(22,158)
Total revenue	(5,126)	(7,728)	(17,175)	(22,443)
Operating costs and expenses	(3,090)	(3,196)	(9,936)	(10,687)
Amortization of deferred policy acquisition costs	(1,227)	(1,121)	(3,379)	(3,361)
Total benefits and expenses	(4,317)	(4,317)	(13,315)	(14,048)
(Loss) income from operations before income tax	$ (809)	$ (3,411)	$ (3,860)	$ (8,395)

Subsequent Events - Additional Information (Details) - Subsequent Event $ / shares in Units, $ in Millions	Nov. 06, 2019 USD ($) $ / shares
Subsequent Event [Line Items]
Dividend declared date	Nov. 06, 2019
Dividend payable, amount per share \| $ / shares	$ 6.25
Dividend record date	Nov. 21, 2019
Dividend payment date	Dec. 06, 2019
Dividend payable \| $	$ 93

Summary of Significant Accounting Policies - Additional Information (Details) - Common Stock - Initial Public Offering	Aug. 07, 2019 $ / shares shares
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Common stock issued \| shares	14,875,000
Common stock per share \| $ / shares	$ 10.00

Reinsurance - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 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	$ 79,641,000		79,641,000		$ 83,299,000
Other Income
Effects Of Reinsurance [Line Items]
Net policy charges on universal life products	$ 42,000	$ 126,000	$ 38,000	$ 126,000

Long and Short-term Debt - Additional Information (Details) - USD ($)	Sep. 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	$ 17,560,000	$ 13,366,000

Business Segments - Additional Information (Details)	9 Months Ended
Business Segments - Additional Information (Details)	Sep. 30, 2019 Segment
Segment Reporting [Abstract]
Number of reportable segments	3

Closed Block - Additional Information (Details) - USD ($) $ in Thousands	Sep. 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	$ 9,757	$ 9,541
Policyholder dividend obligation	$ 11,656	$ 9,383	$ 11,097

Closed Block - Schedule of Information Regarding Closed Block Liabilities (Assets) Designated to Closed Block (Parenthetical) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Closed Block Disclosure [Abstract]
Fixed maturity securities available for sale amortized cost	$ 36,164	$ 34,631
Excess assets	$ 9,757	$ 9,541