Segment Information

12 Months Ended

Dec. 31, 2016

Segment Reporting Information, Operating Income (Loss) [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.

	Year ended December 31, 2016
	Life Insurance			Home Service		Other Non-Insurance Enterprises		Consolidated
	(In thousands)
Revenues:
Premiums	$	151,195		46,681		—		197,876
Net investment income	33,350			13,705		1,505		48,560
Realized investment losses, net	(1,685		)	(300	)	—		(1,985	)
Other income	882			5		68		955
Total revenue	183,742			60,091		1,573		245,406
Benefits and expenses:
Insurance benefits paid or provided:
Claims and surrenders	58,440			22,927		—		81,367
Increase in future policy benefit reserves	71,373			4,508		—		75,881
Policyholders' dividends	6,774			58		—		6,832
Total insurance benefits paid or provided	136,587			27,493		—		164,080
Commissions	29,235			15,406		—		44,641
Other general expenses	14,284			15,252		3,820		33,356
Capitalization of deferred policy acquisition costs	(26,742		)	(5,990	)	—		(32,732	)
Amortization of deferred policy acquisition costs	24,428			4,087		—		28,515
Amortization of cost of customer relationships acquired	559			1,504		—		2,063
Total benefits and expenses	178,351			57,752		3,820		239,923
Income (loss) before income tax expense	$	5,391		2,339		(2,247	)	5,483

	Year ended December 31, 2015 (a)
	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 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	73,259			3,801		—		77,060
Policyholders' dividends	10,695			52		—		10,747
Total insurance benefits paid or provided	139,866			26,820		—		166,686
Commissions	28,336			15,289		—		43,625
Other general expenses	16,345			13,349		3,593		33,287
Capitalization of deferred policy acquisition costs	(25,268		)	(5,836	)	—		(31,104	)
Amortization of deferred policy acquisition costs	20,025			3,375		—		23,400
Amortization of cost of customer relationships acquired	641			1,676		—		2,317
Total benefits and expenses	179,945			54,673		3,593		238,211
Income (loss) before income tax expense	$	(4,772	)	4,538		(1,709	)	(1,943	)

(a) Certain previously reported information has been corrected to reflect immaterial corrections to the financial statements. For more information, refer to Note 1.

	Year ended December 31, 2014 (a)
	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 gains (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	76,858			5,140		—		81,998
Policyholders' dividends	10,045			57		—		10,102
Total insurance benefits paid or provided	132,924			27,445		—		160,369
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	17,778			3,305		—		21,083
Amortization of cost of customer relationships acquired	614			1,568		—		2,182
Total benefits and expenses	173,211			56,683		2,281		232,175
Income (loss) before income tax expense	$	(4,077	)	2,870		(743	)	(1,950	)

(a) Certain previously reported information has been corrected to reflect immaterial corrections to the financial statements. For more information, refer to Note 1.

The table below summarizes assets by segment.

	December 31,
	2016		2015
	(In thousands)
Assets:
Life Insurance	$	1,130,288	1,011,487
Home Service Insurance	374,986		389,478
Other Non-Insurance Enterprises	78,394		79,786
Total assets	$	1,583,668	1,480,751

Major categories of earned premiums are summarized as follows:

	Years ended December 31,
	2016		2015	2014
	(In thousands)
Premium income:
Ordinary life	$	191,226	187,479	181,596
Group life	28		207	261
Accident and health	1,546		1,599	1,557
Property	5,076		5,195	5,118
Total premium income	$	197,876	194,480	188,532

Geographic Information

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

	Years ended December 31,
	2016			2015		2014
	(In thousands)
Area:
United States	$	54,430		54,753		54,464
Venezuela	31,107			31,948		31,175
Colombia	29,643			27,589		27,472
Taiwan	18,590			18,031		16,686
Ecuador	15,456			15,527		15,364
Brazil	9,856			8,960		8,517
Other foreign countries	41,992			40,529		37,760
Net reinsurance	(3,198		)	(2,857	)	(2,906	)
Total	$	197,876		194,480		188,532