Segment Information

3 Months Ended

Mar. 31, 2012

Segment Information [Abstract]

Segment Reporting Disclosure [Text Block]

SEGMENT INFORMATION

We have two reportable business segments in our operations: property and casualty insurance and life insurance. The property and casualty insurance segment has six domestic locations from which it conducts its business. All offices target a similar customer base, market the same products and use the same marketing strategies and are therefore aggregated. The life insurance segment operates from our home office. Because all of our insurance is sold domestically, we have no revenues allocable to foreign operations.

We evaluate the two segments on the basis of both statutory accounting practices prescribed or permitted by our states of domicile and GAAP. We analyze results based on profitability (i.e., loss ratios), expenses, and return on equity. The basis we use to determine and analyze segments and to measure segment profit or loss have not changed from that reported in our Annual Report on Form 10-K for the year ended December 31, 2011.

The following tables for the three-month periods ended March 31, 2012 and 2011 have been reconciled to the amounts reported in our unaudited Consolidated Financial Statements to adjust for intersegment eliminations.

(In Thousands)	Property and Casualty Insurance			Life Insurance			Total
Three Months Ended March 31, 2012
Net premiums earned	$	146,756		$	14,858		$	161,614
Investment income, net of investment expenses	10,678			18,508			29,186
Net realized investment gains	1,133			1,614			2,747
Other income	100			156			256
Total reportable segment	$	158,667		$	35,136		$	193,803
Intersegment eliminations	7			(111		)	(104		)
Total revenues	$	158,674		$	35,025		$	193,699
Net income	$	16,636		$	2,548		$	19,184
Assets	$	1,901,748		$	1,785,427		$	3,687,175
Invested assets	$	1,325,793		$	1,696,391		$	3,022,184
Three Months Ended March 31, 2011
Net premiums earned	$	101,764		$	12,532		$	114,296
Investment income, net of investment expenses	8,781			18,329			27,110
Net realized investment gains	1,208			1,445			2,653
Other income	8			148			156
Total reportable segment	$	111,761		$	32,454		$	144,215
Intersegment eliminations	(44		)	(95		)	(139		)
Total revenues	$	111,717		$	32,359		$	144,076
Net income	$	3,350		$	2,460		$	5,810
Assets	$	1,864,823		$	1,684,706		$	3,549,529
Invested assets	$	1,302,553		$	1,540,424		$	2,842,977