Segment Information

3 Months Ended

Mar. 31, 2020

Segment Reporting Information, Operating Income (Loss) [Abstract]

SEGMENT INFORMATION The Company has two reportable segments: Life Insurance and Home Service Insurance. The Life Insurance and Home Service Insurance portions of the Company constitute separate businesses. CICA, CICA Ltd. and CNLIC constitute the Life Insurance segment, and SPLIC, SPFIC and MGLIC constitute the Home Service Insurance segment. 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 include the Company's IT and Corporate-support functions, and are included in the tables presented below to properly reconcile the segment information with the consolidated financial statements of the Company.

The accounting policies of the reportable segments and Other Non-Insurance Enterprises are presented in accordance with U.S. GAAP and are the same as those used in the preparation of the consolidated financial statements. The Company evaluates profit and loss performance based on U.S. GAAP income before federal income taxes for its two reportable segments.

The Company's Other Non-Insurance Enterprises are the only reportable difference between segments and consolidated operations.


	Life Insurance		Home Service Insurance	Other Non-Insurance Enterprises	Consolidated
Three Months Ended March 31, 2020
(In thousands)

Revenues:
Premiums	$	29,819	11,498	—	41,317
Net investment income	11,480		3,332	357	15,169
Realized investment gains (losses), net	735		(1,717)	(324)	(1,306)
Other income	524		18	—	542
Total revenue	42,558		13,131	33	55,722
Benefits and expenses:
Insurance benefits paid or provided:
Claims and surrenders	20,160		6,289	—	26,449
Increase in future policy benefit reserves	8,146		1,325	—	9,471
Policyholders' dividends	1,225		8	—	1,233
Total insurance benefits paid or provided	29,531		7,622	—	37,153
Commissions	4,478		3,375	—	7,853
Other general expenses	4,948		4,316	2,209	11,473
Capitalization of deferred policy acquisition costs	(3,921)		(1,088)	—	(5,009)
Amortization of deferred policy acquisition costs	5,318		801	—	6,119
Amortization of cost of insurance acquired	118		250	—	368
Total benefits and expenses	40,472		15,276	2,209	57,957
Income (loss) before federal income tax expense	$	2,086	(2,145)	(2,176)	(2,235)


	Life Insurance		Home Service Insurance	Other Non-Insurance Enterprises	Consolidated
Three Months Ended March 31, 2019
(In thousands)

Revenues:
Premiums	$	30,914	11,550	—	42,464
Net investment income	10,169		3,086	541	13,796
Realized investment gains, net	5,457		484	20	5,961
Other income	183		1	1	185
Total revenue	46,723		15,121	562	62,406
Benefits and expenses:
Insurance benefits paid or provided:
Claims and surrenders	17,162		5,871	—	23,033
Increase in future policy benefit reserves	11,313		986	—	12,299
Policyholders' dividends	1,172		10	—	1,182
Total insurance benefits paid or provided	29,647		6,867	—	36,514
Commissions	4,373		3,511	—	7,884
Other general expenses	6,205		5,070	2,857	14,132
Capitalization of deferred policy acquisition costs	(3,702)		(1,126)	—	(4,828)
Amortization of deferred policy acquisition costs	5,441		836	—	6,277
Amortization of cost of insurance acquired	122		297	—	419
Total benefits and expenses	42,086		15,455	2,857	60,398
Income (loss) before federal income tax expense	$	4,637	(334)	(2,295)	2,008