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Segment Information
 9 Months Ended
Sep. 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
 
Nine Months Ended
 
 
 
September 30,
 
September 30,
 
 
 
2013
 
2012
 
2013
 
2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Insurance premiums and
 
 
 
 
 
 
 
 
 
 
 
 
 
contract charges earned
 
 
 
 
 
 
 
 
 
 
 
 
 
Property and casualty
 
$
140,812
 
$
136,809
 
$
418,205
 
$
407,471
 
Annuity
 
 
5,895
 
 
5,551
 
 
16,714
 
 
16,053
 
Life
 
 
27,054
 
 
25,544
 
 
79,561
 
 
76,219
 
Total
 
$
173,761
 
$
167,904
 
$
514,480
 
$
499,743
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net investment income
 
 
 
 
 
 
 
 
 
 
 
 
 
Property and casualty
 
$
8,824
 
$
9,022
 
$
26,894
 
$
27,250
 
Annuity
 
 
52,175
 
 
50,742
 
 
154,818
 
 
150,000
 
Life
 
 
17,703
 
 
17,131
 
 
52,232
 
 
52,148
 
Corporate and other
 
 
2
 
 
-
 
 
6
 
 
1
 
Intersegment eliminations
 
 
(238)
 
 
(246)
 
 
(720)
 
 
(741)
 
Total
 
$
78,466
 
$
76,649
 
$
233,230
 
$
228,658
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss)
 
 
 
 
 
 
 
 
 
 
 
 
 
Property and casualty
 
$
11,037
 
$
13,529
 
$
25,363
 
$
22,633
 
Annuity
 
 
11,605
 
 
9,918
 
 
31,896
 
 
29,380
 
Life
 
 
5,884
 
 
4,941
 
 
15,752
 
 
16,236
 
Corporate and other
 
 
(4,927)
 
 
3,878
 
 
3,595
 
 
3,791
 
Total
 
$
23,599
 
$
32,266
 
$
76,606
 
$
72,040
 
 
 
 
September 30,
 
December 31,
 
 
 
2013
 
2012
 
Assets
 
 
 
 
 
 
 
Property and casualty
 
$
1,005,190
 
$
1,016,368
 
Annuity
 
 
5,724,170
 
 
5,380,780
 
Life
 
 
1,698,730
 
 
1,663,696
 
Corporate and other
 
 
130,911
 
 
131,449
 
Intersegment eliminations
 
 
(36,270)
 
 
(24,567)
 
Total
 
$
8,522,731
 
$
8,167,726