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Reinsurance
3 Months Ended
Mar. 31, 2012
Reinsurance [Abstract]  
Reinsurance

Note 6 - Reinsurance

The Company recognizes the cost of reinsurance premiums over the contract periods for such premiums in proportion to the insurance protection provided. Amounts recoverable from reinsurers for unpaid claims and claim settlement expenses, including estimated amounts for unsettled claims, claims incurred but not yet reported and policy benefits, are estimated in a manner consistent with the insurance liability associated with the policy. The effects of reinsurance on premiums written and contract deposits; premiums and contract charges earned; and benefits, claims and settlement expenses were as follows:

 

     Gross
  Amount  
   Ceded to
Other
Companies
   Assumed
from Other
Companies
   Net
  Amount  

Three months ended March 31, 2012

                   

Premiums written and contract deposits

     $ 249,556        $ 7,263        $   460        $ 242,753  

Premiums and contract charges earned

       172,390          7,455          569          165,504  

Benefits, claims and settlement expenses

       108,664          1,388          602          107,878  

Three months ended March 31, 2011

                   

Premiums written and contract deposits

     $ 251,651        $ 7,986        $   437        $ 244,102  

Premiums and contract charges earned

       174,702          8,585          569          166,686  

Benefits, claims and settlement expenses

       112,924          2,841          518          110,601