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Segment Information
 6 Months Ended
Jun. 30, 2013
Segment Reporting [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 corporate debt service, realized investment gains and losses and certain public company expenses, such items also have included corporate debt retirement costs/gains, when applicable. Summarized financial information for these segments is as follows:
 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
June 30,
 
June 30,
 
 
 
2013
 
2012
 
2013
 
2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Insurance premiums and contract charges earned
 
 
 
 
 
 
 
 
 
 
 
 
 
Property and casualty
 
$
139,457
 
$
135,616
 
$
277,393
 
$
270,662
 
Annuity
 
 
5,747
 
 
5,537
 
 
10,819
 
 
10,502
 
Life
 
 
26,357
 
 
25,182
 
 
52,507
 
 
50,675
 
Total
 
$
171,561
 
$
166,335
 
$
340,719
 
$
331,839
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net investment income
 
 
 
 
 
 
 
 
 
 
 
 
 
Property and casualty
 
$
9,100
 
$
9,356
 
$
18,070
 
$
18,228
 
Annuity
 
 
51,289
 
 
49,718
 
 
102,643
 
 
99,258
 
Life
 
 
17,210
 
 
17,505
 
 
34,529
 
 
35,017
 
Corporate and other
 
 
4
 
 
1
 
 
4
 
 
1
 
Intersegment eliminations
 
 
(242)
 
 
(246)
 
 
(482)
 
 
(495)
 
Total
 
$
77,361
 
$
76,334
 
$
154,764
 
$
152,009
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss)
 
 
 
 
 
 
 
 
 
 
 
 
 
Property and casualty
 
$
4,166
 
$
(4,127)
 
$
14,326
 
$
9,104
 
Annuity
 
 
9,230
 
 
7,874
 
 
20,291
 
 
19,462
 
Life
 
 
5,528
 
 
6,130
 
 
9,868
 
 
11,295
 
Corporate and other
 
 
7,071
 
 
3,226
 
 
8,522
 
 
(87)
 
Total
 
$
25,995
 
$
13,103
 
$
53,007
 
$
39,774
 
 
 
 
June 30,
 
December 31,
 
 
 
2013
 
2012
 
Assets
 
 
 
 
 
 
 
Property and casualty
 
$
999,000
 
$
1,016,368
 
Annuity
 
 
5,570,880
 
 
5,380,780
 
Life
 
 
1,683,678
 
 
1,663,696
 
Corporate and other
 
 
130,737
 
 
131,449
 
Intersegment eliminations
 
 
(28,517)
 
 
(24,567)
 
Total
 
$
8,355,778
 
$
8,167,726