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Segment Information
3 Months Ended
Mar. 31, 2013
Segment Information [Abstract]  
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, primarily personal lines automobile and homeowners products; retirement annuity products, primarily 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, such items also have included debt retirement costs/gains, when applicable. Summarized financial information for these segments is as follows:

 

                 
    Three Months Ended
March 31,
 
    2013     2012  
     

Insurance premiums and contract charges earned

               

Property and casualty

  $ 137,936     $ 135,046  

Annuity

    5,072       4,965  

Life

    26,150       25,493  
   

 

 

   

 

 

 

Total

  $ 169,158     $ 165,504  
   

 

 

   

 

 

 
     

Net investment income

               

Property and casualty

  $ 8,970     $ 8,872  

Annuity

    51,354       49,540  

Life

    17,319       17,512  

Corporate and other

    -       -  

Intersegment eliminations

    (240     (249
   

 

 

   

 

 

 

Total

  $ 77,403     $ 75,675  
   

 

 

   

 

 

 
     

Net income (loss)

               

Property and casualty

  $ 10,160     $ 13,231  

Annuity

    11,061       11,588  

Life

    4,340       5,165  

Corporate and other

    1,451       (3,313
   

 

 

   

 

 

 

Total

  $ 27,012     $ 26,671  
   

 

 

   

 

 

 
     
    March 31,
2013
    December 31,
2012
 

Assets

               

Property and casualty

  $ 1,018,363     $ 1,016,368  

Annuity

    5,624,351       5,380,780  

Life

    1,718,125       1,663,696  

Corporate and other

    123,282       131,449  

Intersegment eliminations

    (26,767     (24,567
   

 

 

   

 

 

 

Total

  $ 8,457,354     $ 8,167,726