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SEGMENTS (Tables)
 12 Months Ended
Dec. 31, 2018
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
Schedule of Segment Reporting Information, by Segment
Total assets by industry segment at December 31, 2018 and December 31, 2017 are summarized below (dollars in thousands):

Assets by industry segment
 
Total
 
P&C Insurance Operations
 
Life Insurance Operations
 
Non-Insurance Operations
 
 
 
 
 
 
 
 
 
December 31, 2018
 
$
144,231

 
$
80,994

 
$
59,479

 
$
3,758

 
 


 
 
 
 
 
 
December 31, 2017
 
$
146,438

 
$
80,241

 
$
60,709

 
$
5,488

Premium revenues and operating income by business segment for the years ended December 31, 2018 and 2017 are summarized below (dollars in thousands):

Year ended December 31, 2018
P&C Insurance Operations
 
Life Insurance Operations
 
Non-Insurance Operations
 
Inter- company Eliminations
 
Total
REVENUE
 
 
 
 
 
 
 
 
 
Net premiums earned
$
54,837

 
$
6,019

 
$
—

 
$
—

 
$
60,856

Net investment income
1,330

 
2,722

 
55

 
(540
)
 
3,567

Investment losses
(100
)
 
(78
)
 
—

 
—

 
(178
)
Other income
609

 
1,078

 
1,006

 
(2,081
)
 
612

 
56,676

 
9,741

 
1,061

 
(2,621
)
 
64,857

BENEFITS AND EXPENSES
 

 
 

 
 

 
 
 
 

Policyholder benefits paid
35,735

 
5,242

 
—

 
(568
)
 
40,409

Amortization of deferred policy acquisition costs
2,759

 
838

 
—

 
—

 
3,597

Commissions
7,267

 
288

 
—

 
—

 
7,555

General and administrative expenses
8,472

 
2,111

 
309

 
(2,053
)
 
8,839

Taxes, licenses and fees
1,937

 
220

 
—

 
—

 
2,157

Interest expense
—

 
48

 
1,187

 
—

 
1,235

 
56,170

 
8,747

 
1,496

 
(2,621
)
 
63,792

Income (Loss) Before Income Taxes
506

 
994

 
(435
)
 
—

 
1,065

INCOME TAX EXPENSE (BENEFIT)
(97
)
 
232

 
151

 
—

 
286

Net Income (Loss)
$
603

 
$
762

 
$
(586
)
 
$
—

 
$
779



Year ended December 31, 2017
 
P&C Insurance Operations
 
Life Insurance Operations
 
Non-Insurance Operations
 
Inter-company
Eliminations
 
Total
REVENUE
 
 
 
 
 
 
 
 
 
 
Net premiums earned
 
$
55,044

 
$
6,119

 
$
—

 
$
—

 
$
61,163

Net investment income
 
1,571

 
2,551

 
65

 
(540
)
 
3,647

Investment gains
 
163

 
71

 
—

 
—

 
234

Other income
 
592

 
1,045

 
1,019

 
(2,060
)
 
596

 
 
57,370

 
9,786

 
1,084

 
(2,600
)
 
65,640

BENEFITS AND EXPENSES
 
 

 
 

 
 

 
 
 
 

Policyholder benefits paid
 
38,391

 
5,045

 
—

 
(567
)
 
42,869

Amortization of deferred policy acquisition costs
 
2,777

 
812

 
—

 
—

 
3,589

Commissions
 
7,380

 
343

 
—

 
—

 
7,723

General and administrative expenses
 
8,087

 
1,929

 
838

 
(2,033
)
 
8,821

Taxes, licenses and fees
 
2,237

 
208

 
—

 
—

 
2,445

Interest expense
 
—

 
73

 
1,234

 
—

 
1,307

 
 
58,872

 
8,410

 
2,072

 
(2,600
)
 
66,754

Income (Loss) Before Income Taxes
 
(1,502
)
 
1,376

 
(988
)
 
—

 
(1,114
)
INCOME TAX EXPENSE (BENEFIT)
 
(142
)
 
157

 
74

 
—

 
89

Net Income (Loss)
 
$
(1,360
)
 
$
1,219

 
$
(1,062
)
 
$
—

 
$
(1,203
)
Schedule of Gross and Net Premiums Written
The following table presents the Company’s gross and net premiums written for the property and casualty segment and the life and accident and health segment for the years ended December 31, 2018 and 2017, respectively:
 
 
Year ended
December 31,
 
 
2018

2017
Life, accident and health operations premiums written:
 

 
 

Traditional life insurance
 
$
4,336

 
$
4,411

Accident and health insurance
 
1,831

 
1,828

Gross life, accident and health
 
6,167

 
6,239

Reinsurance premium ceded
 
(81
)
 
(77
)
Net life, accident and health premiums written
 
$
6,086

 
$
6,162

Property and Casualty operations premiums written:
 

 
 

Dwelling fire & extended coverage
 
$
37,598

 
$
37,034

Homeowners (Including mobile homeowners)
 
21,214

 
22,319

Other liability
 
2,195

 
2,145

Gross property and casualty
 
61,007

 
61,498

Reinsurance premium ceded
 
(6,376
)
 
(6,272
)
Net property and casualty written
 
$
54,631

 
$
55,226

Consolidated gross premiums written
 
$
67,174

 
$
67,737

Reinsurance premium ceded
 
(6,457
)
 
(6,349
)
Consolidated net premiums written
 
$
60,717

 
$
61,388
Schedule of Gross and Net Premiums Earned
The following table presents the Company’s gross and net premiums earned for the property and casualty segment and the life and accident and health segment for the years ended December 31, 2018 and 2017, respectively:



Year ended
December 31,
 

2018

2017
Life, accident and health operations premiums earned:
 

 
Traditional life insurance

$
4,273

 
$
4,368

Accident and health insurance

1,827

 
1,828

Gross life, accident and health

6,100

 
6,196

Reinsurance premium ceded

(81
)
 
(77
)
Net life, accident and health premiums earned

$
6,019

 
$
6,119

Property and Casualty operations premiums earned:





Dwelling fire & extended coverage

$
37,232

 
$
36,373

Homeowners (Including mobile homeowners)

21,801

 
22,831

Other liability

2,180

 
2,112

Gross property and casualty

61,213

 
61,316

Reinsurance premium ceded

(6,376
)
 
(6,272
)
Net property and casualty earned

$
54,837

 
$
55,044

Consolidated gross premiums earned

$
67,313

 
$
67,512

Reinsurance premium ceded

(6,457
)
 
(6,349
)
Consolidated net premiums earned

$
60,856

 
$
61,163