The Company has two reportable segments: Life Insurance and Home Service Insurance. Our Life Insurance segment issues U.S. Dollar-denominated endowment contracts internationally, which are principally accumulation contracts that incorporate an element of life insurance protection and ordinary whole life insurance in U.S. Dollar-denominated amounts sold to foreign residents. These contracts are designed to provide a fixed amount of insurance coverage over the life of the insured and may utilize rider benefits to provide additional coverage and annuity benefits to enhance accumulations. We operate our domestic business in this segment through CICA, CICA Ltd. and CNLIC.

Our domestic Home Service Insurance segment operates through our subsidiaries SPLIC, MGLIC and SPFIC, and focuses on the life insurance needs of the middle and lower income markets, primarily in Louisiana, Mississippi and Arkansas. Our policies are sold and serviced through a home service marketing distribution system of 223 employee-agents who work on a route system and through over 221 funeral homes and independent agents who sell policies, collect premiums and service policyholders. To a lesser extent, our Home Service Insurance segment sells limited liability, named peril property policies covering dwelling and contents.

The Life Insurance and Home Service Insurance portions of the Company constitute separate businesses. In addition to the Life Insurance and Home Service Insurance 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 the 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 accounting 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, 2019 (In thousands)	Life Insurance			Home Service Insurance		Other Non-Insurance Enterprises		Consolidated
Revenues:
Premiums
Life insurance	$	136,941		41,410		—		178,351
Accident and health insurance	725			658		—		1,383
Property insurance	—			4,613		—		4,613
Net investment income	44,779			13,058		1,694		59,531
Realized investment gains (losses), net	6,795			1,470		(3,016	)	5,249
Other income	1,412			4		2		1,418
Total revenue	190,652			61,213		(1,320	)	250,545
Benefits and expenses:
Insurance benefits paid or provided:
Claims and surrenders	82,964			23,863		—		106,827
Increase in future policy benefit reserves	39,873			1,839		—		41,712
Policyholders' dividends	6,004			36		—		6,040
Total insurance benefits paid or provided	128,841			25,738		—		154,579
Commissions	20,128			14,094		—		34,222
Other general expenses	23,012			19,517		5,911		48,440
Capitalization of deferred policy acquisition costs	(17,448		)	(4,807	)	—		(22,255	)
Amortization of deferred policy acquisition costs	23,832			4,436		—		28,268
Amortization of cost of insurance acquired	492			1,054		—		1,546
Total benefits and expenses	178,857			60,032		5,911		244,800
Income (loss) before income tax expense	$	11,795		1,181		(7,231	)	5,745



Year ended December 31, 2018 (In thousands)	Life Insurance			Home Service Insurance		Other Non-Insurance Enterprises		Consolidated
Revenues:
Premiums
Life insurance	$	140,566		41,259		—		181,825
Accident and health insurance	580			638		—		1,218
Property insurance	—			4,817		—		4,817
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 insurance 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 (In thousands)	Life Insurance			Home Service Insurance		Other Non-Insurance Enterprises		Consolidated
Revenues:
Premiums
Life insurance	$	149,957		41,385		—		191,342
Accident and health insurance	751			641		—		1,392
Property insurance	—			4,986		—		4,986
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 insurance 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	)

The table below summarizes assets by segment.



December 31, (In thousands)	2019		2018
Assets:
Life Insurance	$	1,284,844	1,174,769
Home Service Insurance	391,366		369,563
Other Non-Insurance Operations	68,726		71,229
Total assets	$	1,744,936	1,615,561

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, (In thousands)	2019			2018		2017
Area:
United States	$	53,656		53,836		54,737
Colombia	26,768			27,605		29,200
Venezuela	22,353			24,783		27,997
Taiwan	19,403			18,888		19,535
Ecuador	14,198			15,187		16,440
Argentina	10,069			9,960		10,534
Other foreign countries	40,562			41,302		42,268
Net reinsurance	(2,662		)	(3,701	)	(2,991	)
Total premiums	$	184,347		187,860		197,720