Reinsurance and Policy Benefits and Losses, Claims and Loss Expenses Payable (Table Text Block)

12 Months Ended

Mar. 31, 2013

Supplemental Schedule of Reinsurance Premiums for Insurance Companies [Abstract]

Reinsurance and Policy Benefits and Losses, Claims and Loss Expenses Payable

During their normal course of business, our insurance subsidiaries assume and cede reinsurance on both a coinsurance and a risk premium basis. They also obtain reinsurance for that portion of risks exceeding their retention limits. The maximum amount of life insurance retained on any one life is $110,000.

		Direct Amount (a)		Ceded to Other Companies		Assumed from Other Companies		Net Amount (a)	Percentage of Amount Assumed to Net
		(In thousands)
Year ended December 31, 2012
Life insurance in force	$	811,035	$	16,471	$	1,083,550	$	1,878,114	58%
Premiums earned:
Life	$	52,751	$	2,685	$	13,640	$	63,706	21%
Accident and health		106,266		454		3,409		109,221	3%
Annuity		6,095		1,208		301		5,188	6%
Property and casualty		31,537		-		2,805		34,342	8%
Total	$	196,649	$	4,347	$	20,155	$	212,457
Year ended December 31, 2011
Life insurance in force	$	761,070	$	14,868	$	1,142,247	$	1,888,449	60%
Premiums earned:
Life	$	63,396	$	6,909	$	94,982	$	151,469	63%
Accident and health		115,599		503		3,635		118,731	3%
Annuity		9,049		1,920		233		7,362	3%
Property and casualty		30,145		-		2,486		32,631	8%
Total	$	218,189	$	9,332	$	101,336	$	310,193
Year ended December 31, 2010
Life insurance in force	$	668,740	$	3,567	$	884,932	$	1,550,105	57%
Premiums earned:
Life	$	77,721	$	-	$	37,300	$	115,021	32%
Accident and health		88,441		575		3,815		91,681	4%
Annuity		-		-		290		290	100%
Property and casualty		28,179		68		2,593		30,704	8%
Total	$	194,341	$	643	$	43,998	$	237,696

 (a)      Balances are reported net of inter-segment transactions.  

To the extent that a reinsurer is unable to meet its obligation under the related reinsurance agreements, Repwest would remain liable for the unpaid losses and loss expenses. Pursuant to certain of these agreements, Repwest holds letters of credit at year end in the amount of $0.6 million from re-insurers and has issued letters of credit in the amount of $5.3 million in favor of certain ceding companies.