Segment Information

12 Months Ended

Dec. 31, 2015

Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]

Segment Information

Segment and Other Operating Information

The Company has three reportable segments:  Life Insurance, Home Service Insurance and Other Non-Insurance Enterprises.  The accounting policies of the segments are in accordance with U.S. GAAP and are the same as those described in the summary of significant account policies.  We evaluate profit and loss performance based on U.S. GAAP net income before federal income taxes for our three reportable segments.

The Company has no reportable differences between segments and consolidated operations.

	December 31, 2015
	Life Insurance			Home Service		Other Non-Insurance Enterprises		Consolidated
	(In thousands)
Revenues:
Premiums	$	147,832		46,648		—		194,480
Net investment income	30,206			14,063		1,513		45,782
Realized investment gains (losses), net	(3,873		)	(1,586	)	—		(5,459	)
Other income	1,008			86		371		1,465
Total revenue	175,173			59,211		1,884		236,268
Benefits and expenses:
Insurance benefits paid or provided:
Claims and surrenders	55,912			22,967		—		78,879
Increase in future policy benefit reserves	73,968			3,961		—		77,929
Policyholders' dividends	10,695			52		—		10,747
Total insurance benefits paid or provided	140,575			26,980		—		167,555
Commissions	28,336			15,289		—		43,625
Other general expenses	16,345			13,349		3,449		33,143
Capitalization of deferred policy acquisition costs	(25,268		)	(5,836	)	—		(31,104	)
Amortization of deferred policy acquisition costs	19,964			3,375		—		23,339
Amortization of cost of customer relationships acquired	641			1,676		—		2,317
Total benefits and expenses	180,593			54,833		3,449		238,875
Income (loss) before income tax expense	$	(5,420	)	4,378		(1,565	)	(2,607	)

	December 31, 2014
	Life Insurance			Home Service		Other Non-Insurance Enterprises		Consolidated
	(In thousands)
Revenues:
Premiums	$	142,358		46,174		—		188,532
Net investment income	26,454			13,234		1,374		41,062
Realized investment losses, net	(182		)	116		47		(19	)
Other income	504			29		117		650
Total revenue	169,134			59,553		1,538		230,225
Benefits and expenses:
Insurance benefits paid or provided:
Claims and surrenders	46,021			22,248		—		68,269
Increase in future policy benefit reserves	77,707			5,140		—		82,847
Policyholders' dividends	10,045			57		—		10,102
Total insurance benefits paid or provided	133,773			27,445		—		161,218
Commissions	28,863			15,158		—		44,021
Other general expenses	19,274			15,036		2,281		36,591
Capitalization of deferred policy acquisition costs	(26,242		)	(5,829	)	—		(32,071	)
Amortization of deferred policy acquisition costs	17,759			3,305		—		21,064
Amortization of cost of customer relationships acquired	614			1,568		—		2,182
Total benefits and expenses	174,041			56,683		2,281		233,005
Income (loss) before income tax expense	$	(4,907	)	2,870		(743	)	(2,780	)

	December 31, 2013
	Life Insurance			Home Service		Other Non-Insurance Enterprises		Consolidated
	(In thousands)
Revenues:
Premiums	$	132,479		43,679		—		176,158
Net investment income	22,237			13,075		1,285		36,597
Realized investment gains (losses), net	(222		)	(19	)	(6	)	(247	)
Decrease in fair value of warrants	—			—		—		—
Other income	891			141		96		1,128
Total revenue	155,385			56,876		1,375		213,636
Benefits and expenses:
Insurance benefits paid or provided:
Claims and surrenders	42,908			21,519		—		64,427
Increase in future policy benefit reserves	71,100			3,120		—		74,220
Policyholders' dividends	9,400			70		—		9,470
Total insurance benefits paid or provided	123,408			24,709		—		148,117
Commissions	26,033			14,444		—		40,477
Other general expenses	11,326			12,739		2,525		26,590
Capitalization of deferred policy acquisition costs	(23,830		)	(5,568	)	—		(29,398	)
Amortization of deferred policy acquisition costs	15,701			2,810		—		18,511
Amortization of cost of customer relationships acquired	693			1,715		—		2,408
Total benefits and expenses	153,331			50,849		2,525		206,705
Income (loss) before income tax expense	$	2,054		6,027		(1,150	)	6,931

The table below summarizes assets by segment.

	For the Years Ended December 31,
	2015		2014
	(In thousands)
Assets:
Life Insurance	$	1,014,776	942,664
Home Service Insurance	389,478		395,531
Other Non-Insurance Enterprises	79,786		79,360
Total assets	$	1,484,040	1,417,555

Major categories of earned premiums are summarized as follows:

	For the Years Ended December 31,
	2015		2014	2013
	(In thousands)
Premium income:
Ordinary life	$	187,479	181,596	169,667
Group life	207		261	16
Accident and health	1,599		1,557	1,529
Property	5,195		5,118	4,946
Total premium income	$	194,480	188,532	176,158

Geographic Information

The following table sets forth the Company's annual total of earned premiums from geographic area for the years indicated:

	For the Years Ended December 31,
	2015			2014		2013
	(In thousands)
Area:
United States	$	54,753		54,464		52,625
Venezuela	31,948			31,175		28,329
Colombia	27,589			27,472		24,734
Taiwan	18,031			16,686		15,684
Ecuador	15,527			15,364		14,969
Argentina	9,714			8,979		9,343
Other foreign countries	39,775			37,298		33,702
Net reinsurance	(2,857		)	(2,906	)	(3,228	)
Total	$	194,480		188,532		176,158