Segment Information

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Segment Information

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. 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, 2012.

The following tables for the three-month periods ended March 31, 2013 and 2012 have been reconciled to the amounts reported in our unaudited Consolidated Financial Statements to adjust for intersegment eliminations.

	Property and Casualty Insurance		Life Insurance			Total
Three Months Ended March 31, 2013
Net premiums earned	$	162,701	$	14,239		$	176,940
Investment income, net of investment expenses	10,421		15,979			26,400
Net realized investment gains	1,029		880			1,909
Other income	12		103			115
Total reportable segment	$	174,163	$	31,201		$	205,364
Intersegment eliminations	64		(123		)	(59		)
Total revenues	$	174,227	$	31,078		$	205,305
Net income	$	20,730	$	1,663		$	22,393
Assets	$	1,941,227	$	1,783,463		$	3,724,690
Invested assets	$	1,378,188	$	1,685,171		$	3,063,359
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