Segment and Other Operating Information

12 Months Ended

Dec. 31, 2011

Segment and Other Operating Information [Abstract]

Segment and Other Operating Information

Note 9: Segment and Other Operating Information

Operating 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 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.

	December 31, 2011
	Life Insurance			Home Service			Other Non-Insurance Enterprises			Consolidated
	(In thousands)
Revenues:
Premiums	$	118,205			43,190			-			161,395
Net investment income		17,258			12,861			837			30,956
Realized investment gains (losses), net		1,347			(601	)		19			765
Decrease in fair value of warrants		-			-			1,136			1,136
Other income		526			112			123			761
Total revenue		137,336			55,562			2,115			195,013
Benefits and expenses:
Insurance benefits paid or provided:
Claims and surrenders		40,525			19,531			-			60,056
Increase in future policy benefit reserves		54,310			3,954			-			58,264
Policyholders' dividends		8,004			68			-			8,072
Total insurance benefits paid or provided		102,839			23,553			-			126,392
Commissions		23,482			14,892			-			38,374
Other general expenses		11,847			12,614			2,436			26,897
Capitalization of deferred policy acquisition costs		(23,254	)		(6,179	)		-			(29,433	)
Amortization of deferred policy acquisition costs		15,719			2,901			-			18,620
Amortization of cost of customer relationships acquired		921			2,077			-			2,998
Total benefits and expenses		131,554			49,858			2,436			183,848
Income (loss) before income tax expense	$	5,782			5,704			(321	)		11,165

	December 31, 2010
	Life Insurance			Home Service			Other Non-Insurance Enterprises			Consolidated
	(In thousands)
Revenues:
Premiums	$	109,985			42,067			-			152,052
Net investment income		16,523			13,008			546			30,077
Realized investment gains (losses), net		6,590			1,475			(53	)		8,012
Decrease in fair value of warrants		-			-			232			232
Other income		650			82			76			808
Total revenue		133,748			56,632			801			191,181
Benefits and expenses:
Insurance benefits paid or provided:
Claims and surrenders		41,040			19,998			-			61,038
Increase in future policy benefit reserves		42,619			3,801			-			46,420
Policyholders' dividends		7,414			71			-			7,485
Total insurance benefits paid or provided		91,073			23,870			-			114,943
Commissions		21,899			14,686			-			36,585
Other general expenses		10,975			14,307			1,803			27,085
Capitalization of deferred policy acquisition costs		(21,398	)		(6,562	)		-			(27,960	)
Amortization of deferred policy acquisition costs		16,185			1,655			-			17,840
Amortization of cost of customer relationships acquired		1,105			1,953			-			3,058
Total benefits and expenses		119,839			49,909			1,803			171,551
Income (loss) before income tax expense	$	13,909			6,723			(1,002	)		19,630

	December 31, 2009
	Life Insurance			Home Service			Other Non-Insurance Enterprises		Consolidated
	(In thousands)
Revenues:
Premiums	$	105,997			41,283			-		147,280
Net investment income		16,667			12,680			255		29,602
Realized investment gains, net		1,100			6,562			378		8,040
Decrease in fair value of warrants		-			-			3,154		3,154
Other income		340			101			463		904
Total revenue		124,104			60,626			4,250		188,980
Benefits and expenses:
Insurance benefits paid or provided:
Claims and surrenders		41,277			18,711			-		59,988
Increase in future policy benefit reserves		36,043			4,747			-		40,790
Policyholders' dividends		6,594			86			-		6,680
Total insurance benefits paid or provided		83,914			23,544			-		107,458
Commissions		21,146			14,390			-		35,536
Other general expenses		10,195			14,847			3,361		28,403
Capitalization of deferred policy acquisition costs		(20,975	)		(6,157	)		-		(27,132	)
Amortization of deferred policy acquisition costs		17,861			2,817			-		20,678
Amortization of cost of customer relationships acquired		1,491			1,940			-		3,431
Total benefits and expenses		113,632			51,381			3,361		168,374
Income before income tax expense	$	10,472			9,245			889		20,606

The table below summarizes assets by segment.

	For the Years Ended December 31,
	2011		2010
	(In thousands)
Assets:
Life Insurance	$	654,764		582,099
Home Service Insurance		373,275		347,445
Other Non-Insurance Enterprises		63,231		56,962
Total assets	$	1,091,270		986,506

Major categories of earned premiums are summarized as follows:

	For the Years Ended December 31,
	2011		2010		2009
	(In thousands)
Premium income:
Ordinary life	$	153,118		144,350		139,843
Group life		1,660		1,315		1,158
Accident and health		1,561		1,577		1,531
Property		5,056		4,810		4,748
Total premium income	$	161,395		152,052		147,280

Geographic Information

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

	For the Years Ended December 31,
	2011			2010			2009
	(In thousands)
Area:
United States	$	51,126			53,189			53,741
Colombia		21,765			21,377			23,254
Venezuela		21,150			16,655			13,845
Taiwan		14,196			14,270			13,629
Ecuador		13,481			12,278			10,737
Argentina		9,353			9,134			8,535
Other foreign countries		36,016			32,216			31,986
Net reinsurance		(5,692	)		(7,067	)		(8,447	)
Total	$	161,395			152,052			147,280