Segment Information

6 Months Ended

Jun. 30, 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.

We have reconciled the following table for the three-month periods ended June 30, 2013 and 2012 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 June 30, 2013
Net premiums earned	$	170,527		$	15,963		$	186,490
Investment income, net of investment expenses	12,279			16,731			29,010
Net realized investment gains	3,560			591			4,151
Other income	72			110			182
Total reportable segment	$	186,438		$	33,395		$	219,833
Intersegment eliminations	9			(123		)	(114		)
Total revenues	$	186,447		$	33,272		$	219,719
Net income	$	13,195		$	2,301		$	15,496
Assets	$	1,951,033		$	1,749,716		$	3,700,749
Invested assets	$	1,379,947		$	1,643,356		$	3,023,303
Three Months Ended June 30, 2012
Net premiums earned	$	153,914		$	16,287		$	170,201
Investment income, net of investment expenses	11,762			17,029			28,791
Net realized investment gains (losses)	(582		)	1,193			611
Other income	96			147			243
Total reportable segment	$	165,190		$	34,656		$	199,846
Intersegment eliminations	(89		)	(111		)	(200		)
Total revenues	$	165,101		$	34,545		$	199,646
Net income	$	13,355		$	1,361		$	14,716
Assets	$	1,947,895		$	1,793,368		$	3,741,263
Invested assets	$	1,323,303		$	1,707,417		$	3,030,720