XML 42 R30.htm IDEA: XBRL DOCUMENT v3.19.1
Discontinued Operations (Tables)
 3 Months Ended
Mar. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations Summary operating results of discontinued operations were as follows for the periods indicated:
Discontinued Operations
Statements of Income (Unaudited)
 
 
Three Months Ended March 31,
(In Thousands, Except Share Data)
 
2019
 
2018
 
 
 
 
 
Revenues
 
 
 
 
Net premiums earned
 
$
—

 
$
13,003

Investment income, net of investment expenses
 
—

 
12,663

Net realized investment gains (losses)
 
—

 
(1,057
)
Other income
 
—

 
146

Total revenues
 
$
—

 
$
24,755

 
 
 
 
 
Benefits, Losses and Expenses
 
 
 
 
Losses and loss settlement expenses
 
$
—

 
$
10,823

Increase in liability for future policy benefits
 
—

 
5,023

Amortization of deferred policy acquisition costs
 
—

 
1,895

Other underwriting expenses
 
—

 
3,864

Interest on policyholders’ accounts
 
—

 
4,499

Total benefits, losses and expenses
 
$
—

 
$
26,104

 
 
 
 
 
Income (loss) from discontinued operations before income taxes
 
$
—

 
$
(1,349
)
Federal income tax expense
 
—

 
563

Net income (loss) from discontinued operations
 
$
—

 
$
(1,912
)
Earnings (loss) per common share from discontinued operations:
 
 
 
 
Basic
 
$
—

 
(0.08
)
Diluted
 
—

 
(0.07
)

Note: The sale of the life insurance business was completed on March 30, 2018.