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Reinsurance
3 Months Ended
Mar. 31, 2013
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:

 

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

Three months ended March 31, 2013

                               

Premiums written and contract deposits

  $ 252,065     $ 7,403     $ 416     $ 245,078  

Premiums and contract charges earned

    176,308       7,664       514       169,158  

Benefits, claims and settlement expenses

    114,178       1,931       452       112,699  
         

Three months ended March 31, 2012

                               

Premiums written and contract deposits

  $ 249,556     $ 7,263     $ 460     $ 242,753  

Premiums and contract charges earned

    172,390       7,455       569       165,504  

Benefits, claims and settlement expenses

    108,664       1,388       602       107,878