Segment Information

9 Months Ended

Sep. 30, 2011

Segment Information [Abstract]

Segment Information

 (3)           Segment 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 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 three reportable segments.

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

	Three Months Ended September 30, 2011
	Life Insurance			Home Service Insurance			Other Non-Insurance Enterprises			Consolidated
	(In thousands)
Revenues:
Premiums	$	29,491			10,808			-			40,299
Net investment income		4,309			3,178			206			7,693
Realized investment gains, net		25			4			6			35
Decrease in fair value of warrants		-			-			239			239
Other income		240			6			36			282
Total revenue		34,065			13,996			487			48,548
Benefits and expenses:
Insurance benefits paid or provided:
Claims and surrenders		9,834			4,969			-			14,803
Increase in future policy benefit reserves		13,133			1,232			-			14,365
Policyholders' dividends		2,152			17			-			2,169
Total insurance benefits paid or provided		25,119			6,218			-			31,337
Commissions		5,516			3,708			-			9,224
Other general expenses		2,983			3,233			641			6,857
Capitalization of deferred policy acquisition costs		(5,484	)		(1,637	)		-			(7,121	)
Amortization of deferred policy acquisition costs		3,680			820			-			4,500
Amortization of cost of customer relationships acquired		206			502			-			708
Total benefits and expenses		32,020			12,844			641			45,505
Income (loss) before income tax expense	$	2,045			1,152			(154	)		3,043

	Nine Months Ended September 30, 2011
	Life Insurance			Home Service Insurance			Other Non-Insurance Enterprises		Consolidated
	(In thousands)
Revenues:
Premiums	$	85,027			32,386			-		117,413
Net investment income		12,662			9,690			572		22,924
Realized investment gains, net		29			6			6		41
Decrease in fair value of warrants		-			-			1,454		1,454
Other income		404			20			85		509
Total revenue		98,122			42,102			2,117		142,341
Benefits and expenses:
Insurance benefits paid or provided:
Claims and surrenders		29,691			14,896			-		44,587
Increase in future policy benefit reserves		36,957			2,726			-		39,683
Policyholders' dividends		5,696			55			-		5,751
Total insurance benefits paid or provided		72,344			17,677			-		90,021
Commissions		16,916			11,310			-		28,226
Other general expenses		8,936			9,488			1,962		20,386
Capitalization of deferred policy acquisition costs		(16,971	)		(5,199	)		-		(22,170	)
Amortization of deferred policy acquisition costs		11,290			1,959			-		13,249
Amortization of cost of customer relationships acquired		705			1,408			-		2,113
Total benefits and expenses		93,220			36,643			1,962		131,825
Income before income tax expense	$	4,902			5,459			155		10,516

	Three Months Ended September 30, 2010
	Life Insurance			Home Service Insurance			Other Non-Insurance Enterprises			Consolidated
	(In thousands)
Revenues:
Premiums	$	27,514			10,541			-			38,055
Net investment income		3,893			3,244			135			7,272
Realized investment gains (losses), net		1			(96	)		(8	)		(103	)
Decrease in fair value of warrants		-			-			128			128
Other income		78			10			15			103
Total revenue		31,486			13,699			270			45,455
Benefits and expenses:
Insurance benefits paid or provided:
Claims and surrenders		10,498			5,241			-			15,739
Increase in future policy benefit reserves		10,688			710			-			11,398
Policyholders' dividends		1,965			12			-			1,977
Total insurance benefits paid or provided		23,151			5,963			-			29,114
Commissions		5,572			3,657			-			9,229
Other general expenses		2,603			3,529			455			6,587
Capitalization of deferred policy acquisition costs		(5,414	)		(1,559	)		-			(6,973	)
Amortization of deferred policy acquisition costs		3,448			352			-			3,800
Amortization of cost of customer relationships acquired		232			487			-			719
Total benefits and expenses		29,592			12,429			455			42,476
Income (loss) before income tax expense	$	1,894			1,270			(185	)		2,979

	Nine Months Ended September 30, 2010
	Life Insurance			Home Service Insurance			Other Non-Insurance Enterprises			Consolidated
	(In thousands)
Revenues:
Premiums	$	78,364			31,557			-			109,921
Net investment income		13,239			10,251			406			23,896
Realized investment gains (losses), net		116			585			(53	)		648
Decrease in fair value of warrants		-			-			380			380
Other income		487			63			52			602
Total revenue		92,206			42,456			785			135,447
Benefits and expenses:
Insurance benefits paid or provided:
Claims and surrenders		30,644			15,766			-			46,410
Increase in future policy benefit reserves		28,123			2,603			-			30,726
Policyholders' dividends		5,267			57			-			5,324
Total insurance benefits paid or provided		64,034			18,426			-			82,460
Commissions		15,316			11,069			-			26,385
Other general expenses		8,234			10,964			1,364			20,562
Capitalization of deferred policy acquisition costs		(15,097	)		(4,849	)		-			(19,946	)
Amortization of deferred policy acquisition costs		13,108			854			-			13,962
Amoritzation of cost of customer relationships acquired		837			1,474			-			2,311
Total benefits and expenses		86,432			37,938			1,364			125,734
Income (loss) before income tax expense	$	5,774			4,518			(579	)		9,713