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INVESTMENT IN UNCONSOLIDATED SUBSIDIARIES
12 Months Ended
Dec. 31, 2016
INVESTMENT IN UNCONSOLIDATED SUBSIDIARIES [Abstract]  
INVESTMENT IN UNCONSOLIDATED SUBSIDIARIES



NOTE 5. INVESTMENT IN UNCONSOLIDATED SUBSIDIARIES

 

The Avon-Dixon Agency, LLC (“Avon-Dixon”), a wholly-owned insurance subsidiary of the Company, owns a 40% interest in a segregated portfolio of Eastern Re Ltd., SPC (“Eastern”), a specialty reinsurance company. This investment is carried at cost, adjusted for Avon-Dixon’s equity ownership in Eastern’s net income or loss. At December 31, 2016 and 2015, the carrying value of the investment in Eastern was $361 thousand and $320 thousand, respectively. During 2016 and 2015, income (loss) recognized from the investment in Eastern was $41 thousand and $(112) thousand, respectively.