Segment Information

12 Months Ended

Dec. 31, 2011

Segment Information [Abstract]

Segment Information

NOTE 13 - 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, principally personal lines automobile and homeowners products; annuity products, principally 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 debt service, realized investment gains and losses and certain public company expenses, within the past five years such items have included debt retirement costs/gains.

The accounting policies of the segments are the same as those described in "Note 1 – Summary of Significant Accounting Policies". The Company accounts for intersegment transactions, primarily the allocation of agent and overhead costs from the corporate and other segment to the property and casualty, annuity and life segments, on a direct cost basis.

Summarized financial information for these segments is as follows:

	Year Ended December 31,
	2011			2010			2009
Insurance premiums and contract charges earned
Property and casualty	$	547,540		$	555,825		$	547,317
Annuity		18,883			17,346			14,472
Life		100,695			99,504			97,801
Total	$	667,118		$	672,675		$	659,590
Net investment income
Property and casualty	$	36,886		$	36,474		$	34,407
Annuity		182,806			167,879			149,677
Life		69,633			68,718			63,792
Corporate and other		(3	)		18			16
Intersegment eliminations		(1,011	)		(1,035	)		(1,058	)
Total	$	288,311		$	272,054		$	246,834
Net income
Property and casualty	$	5,750		$	27,008		$	29,799
Annuity		31,419			31,593			21,258
Life		18,990			20,196			18,431
Corporate and other		14,321			2,065			3,998
Total	$	70,480		$	80,862		$	73,486
	December 31,
	2011			2010			2009
Assets
Property and casualty	$	958,675		$	944,960		$	907,398
Annuity		4,947,328			4,556,317			4,075,872
Life		1,485,955			1,393,169			1,250,146
Corporate and other		115,366			130,191			127,399
Intersegment eliminations		(23,587	)		(28,337	)		(26,651	)
Total	$	7,483,737		$	6,996,300		$	6,334,164
Additional significant financial information for these segments is as follows:
	Year Ended December 31,
	2011			2010			2009
Policy acquisition expenses amortized
Property and casualty	$	65,732		$	65,581		$	62,181
Annuity		14,273			7,922			6,572
Life		12,123			11,553			11,646
Total	$	92,128		$	85,056		$	80,399
Income tax expense (benefit)
Property and casualty	$	(5,235	)	$	4,295		$	5,919
Annuity		13,775			13,034			11,020
Life		11,128			10,920			10,422
Corporate and other		4,730			2,180			2,660
Total	$	24,398		$	30,429		$	30,021