Reinsurance

6 Months Ended

Jun. 30, 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 June 30, 2012
Premiums written and contract deposits	$	266,859	$	7,505	$	935	$	260,289
Premiums and contract charges earned		173,166		7,676		845		166,335
Benefits, claims and settlement expenses		135,685		5,392		691		130,984
Three months ended June 30, 2011
Premiums written and contract deposits	$	266,430	$	8,228	$	1,122	$	259,324
Premiums and contract charges earned		173,968		8,637		1,014		166,345
Benefits, claims and settlement expenses		173,461		10,359		707		163,809
Six months ended June 30, 2012
Premiums written and contract deposits	$	516,415	$	14,768	$	1,395	$	503,042
Premiums and contract charges earned		345,556		15,131		1,414		331,839
Benefits, claims and settlement expenses		244,349		6,780		1,293		238,862
Six months ended June 30, 2011
Premiums written and contract deposits	$	518,081	$	16,214	$	1,559	$	503,426
Premiums and contract charges earned		348,670		17,222		1,583		333,031
Benefits, claims and settlement expenses		286,385		13,200		1,225		274,410