Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2019

Discontinued Operations and Disposal Groups [Abstract]

Summary Operating Results of Discontinued Operations

Summary operating results of discontinued operations were as follows for the periods indicated:

Discontinued Operations
Statements of Income (Unaudited)
	Three Months Ended September 30,				Nine Months Ended September 30,
(In Thousands, Except Share Data)	2019		2018		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.