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Reinsurance
9 Months Ended
Sep. 30, 2011
Reinsurance [Abstract] 
Reinsurance

Note 6 - Reinsurance

The Company recognizes the cost of reinsurance premiums over the contract periods for such premiums in proportion to the insurance protection provided. Amounts recoverable from reinsurers for unpaid claims and claim settlement expenses, including estimated amounts for unsettled claims, claims incurred but not yet reported and policy benefits, are estimated in a manner consistent with the insurance liability associated with the policy. The effects of reinsurance on premiums written and contract deposits; premiums and contract charges earned; and benefits, claims and settlement expenses were as follows:

 

 

                                        
          Ceded to    Assumed     
     Gross    Other    from Other    Net
     Amount    Companies    Companies    Amount

Three months ended September 30, 2011

                                            

Premiums written and contract deposits

      $ 305,476        $ 7,484        $ 918        $ 298,910  

Premiums and contract charges earned

        173,537          7,480          978          167,035  

Benefits, claims and settlement expenses

        127,524          4,278          1,166          124,412  
         

Three months ended September 30, 2010

                                            

Premiums written and contract deposits

      $ 296,544        $ 8,200        $ 972        $ 289,316  

Premiums and contract charges earned

        175,228          8,211          1,045          168,062  

Benefits, claims and settlement expenses

        124,524          768          1,108          124,864  
         

Nine months ended September 30, 2011

                                            

Premiums written and contract deposits

      $ 823,557        $ 23,698        $ 2,477        $ 802,336  

Premiums and contract charges earned

        522,207          24,702          2,561          500,066  

Benefits, claims and settlement expenses

        413,909          17,478          2,391          398,822  
         

Nine months ended September 30, 2010

                                            

Premiums written and contract deposits

      $ 804,713        $ 25,424        $ 3,499        $ 782,788  

Premiums and contract charges earned

        525,729          26,399          3,515          502,845  

Benefits, claims and settlement expenses

        359,405          6,319          3,076          356,162