XML 35 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Comprehensive Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Premiums:        
Life insurance $ 41,257 $ 38,639 $ 118,608 $ 112,481
Accident and health insurance 414 383 1,244 1,151
Property insurance 1,281 1,277 3,792 3,781
Net investment income 8,114 7,478 23,303 22,281
Realized investment gains, net 763 35 1,107 41
Decrease in fair value of warrants 241 239 314 1,454
Other income 112 282 321 509
Total revenue 52,182 48,333 148,689 141,698
Insurance benefits paid or provided:        
Claims and surrenders 15,627 14,803 46,490 44,587
Increase in future policy benefit reserves 16,901 14,365 47,793 39,683
Policyholders' dividends 2,600 2,169 6,755 5,751
Total insurance benefits paid or provided 35,128 31,337 101,038 90,021
Commissions 9,769 9,224 28,164 28,226
Other general expenses 6,055 6,642 19,013 19,743
Capitalization of deferred policy acquisition costs (7,547) (6,531) (20,530) (20,536)
Amortization of deferred policy acquisition costs 4,134 4,171 12,693 12,480
Amortization of cost of customer relationships acquired 598 708 1,834 2,113
Total benefits and expenses 48,137 45,551 142,212 132,047
Income before federal income tax 4,045 2,782 6,477 9,651
Federal income tax expense 1,134 729 1,651 2,967
Net income 2,911 2,053 4,826 6,684
Unrealized gains on available-for-sale securities:        
Unrealized holding gains arising during period 8,542 15,431 17,106 27,546
Reclassification adjustments for gains included in net income (708) 0 (915) 0
Unrealized gains on available-for-sale securities, net 7,834 15,431 16,191 27,546
Income tax expense on unrealized gains on available-for-sale securities 2,878 5,460 5,837 9,700
Other comprehensive income 4,956 9,971 10,354 17,846
Comprehensive income $ 7,867 $ 12,024 $ 15,180 $ 24,530
Common Stock Class A [Member]
       
Earnings Per Share [Abstract]        
Basic earnings per share (in dollars per share) $ 0.06 $ 0.04 $ 0.10 $ 0.13
Diluted earnings per share (in dollars per share) $ 0.06 $ 0.04 $ 0.10 $ 0.13
Common Stock Class B [Member]
       
Earnings Per Share [Abstract]        
Basic earnings per share (in dollars per share) $ 0.03 $ 0.02 $ 0.05 $ 0.07
Diluted earnings per share (in dollars per share) $ 0.03 $ 0.02 $ 0.05 $ 0.07