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Segment Information
 6 Months Ended
Jun. 30, 2011
Segment Information  
Segment Information

Note 7 - Segment Information

The Company conducts and manages its business through four segments. The three operating segments, representing the major lines of insurance business, are: property and casualty insurance, principally personal lines automobile and homeowners products; annuity products, principally tax-qualified fixed and variable deposits; and life insurance. The Company does not allocate the impact of corporate level transactions to the insurance segments, consistent with the basis for management's evaluation of the results of those segments, but classifies those items in the fourth segment, corporate and other. In addition to ongoing transactions such as debt service, realized investment gains and losses and certain public company expenses, within the past five years such items also have included debt retirement costs/gains. Summarized financial information for these segments is as follows:

 

     Three Months Ended
June 30,		     Six Months Ended
June 30,		  
     2011     2010     2011     2010  

Insurance premiums and contract charges earned

         

    Property and casualty

    $ 136,455     $ 138,756     $ 273,820     $ 276,499  

    Annuity

      4,751       4,574       9,507       8,826  

    Life

      25,139       25,100       49,704       49,458  
  

 

 

    

 

 

    

 

 

    

 

 

  

 Total

    $ 166,345     $ 168,430     $ 333,031     $ 334,783  
  

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income

         

  Property and casualty

    $ 9,261     $ 9,069     $ 18,475     $ 17,915  

  Annuity

      45,213       42,634       89,447       83,047  

  Life

      17,470       17,620       34,746       34,544  

  Corporate and other

      (1 )      2       (1 )      (2 ) 

  Intersegment eliminations

      (254 )      (260 )      (509 )      (521 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

 Total

    $ 71,689     $ 69,065     $ 142,158     $ 134,983  
  

 

 

    

 

 

    

 

 

    

 

 

  

Net income (loss)

         

  Property and casualty

    $ (25,667 )    $ 8,527     $ (13,333 )    $ 19,539  

  Annuity

      7,478       6,808       16,162       14,143  

  Life

      5,761       5,523       9,909       10,088  

  Corporate and other

      611       2,123       1,386       1,814  
  

 

 

    

 

 

    

 

 

    

 

 

  

 Total

    $ (11,817 )    $ 22,981     $ 14,124     $ 45,584  
  

 

 

    

 

 

    

 

 

    

 

 

  

 

     June 30,
2011		    December 31,
2010

Assets

                

  Property and casualty

        $   973,464              $   954,201      

  Annuity

        4,719,552              4,556,317      

  Life

        1,422,647              1,393,169      

  Corporate and other

        126,434              130,191      

  Intersegment eliminations

        (34,050)              (28,337)      
    

 

 

          

 

 

     

 Total

        $7,208,047              $7,005,541