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Segment Information
3 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
Segment Information
Note 7 - Segment Information
 
The Company conducts and manages its business through four segments. The three operating segments, representing the major lines of insurance business, are: property and casualty insurance, primarily personal lines automobile and homeowners products; retirement annuity products, primarily tax-qualified fixed and variable deposits; and life insurance. The Company does not allocate the impact of corporate-level transactions to the insurance segments, consistent with the basis for management’s evaluation of the results of those segments, but classifies those items in the fourth segment, corporate and other. In addition to ongoing transactions such as corporate debt service, realized investment gains and losses and certain public company expenses, such items have also included corporate debt retirement costs/gains, when applicable. Summarized financial information for these segments is as follows:
 
 
 
Three Months Ended
 
 
 
March 31,
 
 
 
2015
 
 
2014
 
 
 
 
 
 
 
 
Insurance premiums and contract charges earned
 
 
 
 
 
 
 
 
Property and casualty
 
$
146,749
 
 
$
143,892
 
Annuity
 
 
6,223
 
 
 
5,924
 
Life
 
 
26,767
 
 
 
25,587
 
Total
 
$
179,739
 
 
$
175,403
 
 
 
 
 
 
 
 
 
 
Net investment income
 
 
 
 
 
 
 
 
Property and casualty
 
$
9,433
 
 
$
9,285
 
Annuity
 
 
56,392
 
 
 
55,857
 
Life
 
 
17,708
 
 
 
18,134
 
Corporate and other
 
 
6
 
 
 
2
 
Intersegment eliminations
 
 
(226
)
 
 
(234
)
Total
 
$
83,313
 
 
$
83,044
 
 
 
 
 
 
 
 
 
 
Net income (loss)
 
 
 
 
 
 
 
 
Property and casualty
 
$
17,623
 
 
$
14,027
 
Annuity
 
 
12,510
 
 
 
12,239
 
Life
 
 
3,385
 
 
 
3,882
 
Corporate and other
 
 
757
 
 
 
(1,782
)
Total
 
$
34,275
 
 
$
28,366
 
 
 
 
March 31,
 
 
December  31,
 
 
2015
 
 
2014
Assets
 
 
 
 
 
 
 
 
 
Property and casualty
 
$
1,144,361
 
 
 
$
1,107,962
 
Annuity
 
 
6,898,018
 
 
 
 
6,683,473
 
Life
 
 
1,918,822
 
 
 
 
1,858,150
 
Corporate and other
 
 
140,578
 
 
 
 
155,678
 
Intersegment eliminations
 
 
(27,360
)
 
 
 
(36,736
)
Total
 
$
10,074,419
 
 
 
$
9,768,527