Segment and Other Operating Information

The Company has two reportable segments: Life Insurance and Home Service Insurance. The Life Insurance and Home Service portions of the Company constitute separate businesses. In addition to the Life Insurance and Home Service business, the Company also operates other non-insurance ("Other Non-Insurance Enterprises") portions of the Company, which primarily includes the Company’s IT and Corporate-support functions, which is included in the table presentation below to properly reconcile the segment information with consolidated financial statements of the Company.

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 reportable segments.

The Company's Other Non-insurance operations are the only difference between segments and reported consolidated operations.



	Year ended December 31, 2018
	Life Insurance			Home Service		Other Non-Insurance Enterprises		Consolidated
	(In thousands)
Revenues:
Premiums	$	141,146		46,714		—		187,860
Net investment income	39,985			13,125		1,095		54,205
Realized investment gains (losses), net	358			(46	)	(204	)	108
Other income (loss)	1,833			(1	)	1		1,833
Total revenue	183,322			59,792		892		244,006
Benefits and expenses:
Insurance benefits paid or provided:
Claims and surrenders	69,149			21,954		—		91,103
Increase in future policy benefit reserves	43,671			4,276		—		47,947
Policyholders' dividends	6,316			46		—		6,362
Total insurance benefits paid or provided	119,136			26,276		—		145,412
Commissions	20,079			14,883		—		34,962
Other general expenses	18,718			20,435		8,479		47,632
Capitalization of deferred policy acquisition costs	(17,194		)	(5,501	)	—		(22,695	)
Amortization of deferred policy acquisition costs	29,915			4,320		—		34,235
Amortization of cost of customer relationships acquired	583			1,875		—		2,458
Total benefits and expenses	171,237			62,288		8,479		242,004
Income (loss) before income tax expense	$	12,085		(2,496	)	(7,587	)	2,002



	Year ended December 31, 2017
	Life Insurance			Home Service		Other Non-Insurance Enterprises		Consolidated
	(In thousands)
Revenues:
Premiums	$	150,708		47,012		—		197,720
Net investment income	38,578			13,132		1,436		53,146
Realized investment gains (losses), net	(461		)	979		—		518
Other income	1,061			3		179		1,243
Total revenue	189,886			61,126		1,615		252,627
Benefits and expenses:
Insurance benefits paid or provided:
Claims and surrenders	60,393			22,512		—		82,905
Increase in future policy benefit reserves	70,783			5,246		—		76,029
Policyholders' dividends	6,226			42		—		6,268
Total insurance benefits paid or provided	137,402			27,800		—		165,202
Commissions	25,760			15,564		—		41,324
Other general expenses	18,597			23,395		4,396		46,388
Capitalization of deferred policy acquisition costs	(23,157		)	(5,963	)	—		(29,120	)
Amortization of deferred policy acquisition costs	25,295			4,395		—		29,690
Amortization of cost of customer relationships acquired	595			1,534		—		2,129
Total benefits and expenses	184,492			66,725		4,396		255,613
Income (loss) before income tax expense	$	5,394		(5,599	)	(2,781	)	(2,986	)



	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

The table below summarizes assets by segment.



	December 31,
	2018		2017
	(In thousands)
Assets:
Life Insurance	$	1,174,769	1,191,051
Home Service Insurance	369,563		377,578
Other Non-Insurance Operations	71,229		75,824
Total assets	$	1,615,561	1,644,453

Major categories of earned premiums are summarized as follows:



	Years ended December 31,
	2018		2017	2016
	(In thousands)
Premium income:
Ordinary life	$	181,825	191,342	191,226
Group life	—		—	28
Accident and health	1,218		1,392	1,546
Property	4,817		4,986	5,076
Total premium income	$	187,860	197,720	197,876

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,
	2018			2017		2016
	(In thousands)
Area:
United States	$	53,836		54,737		54,430
Colombia	27,605			29,200		29,643
Venezuela	24,783			27,997		31,107
Taiwan	18,888			19,535		18,590
Ecuador	15,187			16,440		15,456
Brazil	9,978			11,088		9,856
Other foreign countries	41,284			41,714		41,992
Net reinsurance	(3,701		)	(2,991	)	(3,198	)
Total	$	187,860		197,720		197,876