SEGMENTS (Tables)

9 Months Ended

Sep. 30, 2019

Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]

Schedule of Segment Reporting Information, by Segment

Total assets by industry segment at September 30, 2019 and December 31, 2018 are summarized below (dollars in thousands):

Assets by industry segment	Total		P&C Insurance Operations		Life Insurance Operations		Non-Insurance Operations
September 30, 2019	$	154,112	$	85,083	$	64,809	$	4,220
December 31, 2018	$	144,231	$	80,994	$	59,479	$	3,758

Premium revenues and operating income by business segment for the three and nine months ended September 30, 2019 and 2018 are summarized below (dollars in thousands):

Three months ended September 30, 2019	P&C Insurance Operations			Life Insurance Operations			Non-Insurance Operations			Inter- company Eliminations			Total
REVENUE
Net premiums earned	$	13,628		$	1,581		$	—		$	—		$	15,209
Net investment income	404			708			12			(135		)	989
Investment gains (losses)	(50		)	(68		)	1			—			(117		)
Other income	148			226			266			(492		)	148
	14,130			2,447			279			(627		)	16,229
BENEFITS AND EXPENSES
Policyholder benefits paid	8,564			1,303			—			(117		)	9,750
Amortization of deferred policy acquisition costs	681			124			—			—			805
Commissions	1,919			87			—			—			2,006
General and administrative expenses	2,070			531			135			(510		)	2,226
Taxes, licenses and fees	528			76			—			—			604
Interest expense	—			13			280			—			293
	13,762			2,134			415			(627		)	15,684
Income (Loss) Before Income Taxes	368			313			(136		)	—			545
INCOME TAX EXPENSE (BENEFIT)	76			67			(28		)	—			115
Net Income (Loss)	$	292		$	246		$	(108	)	$	—		$	430

Three months ended September 30, 2018	P&C Insurance Operations		Life Insurance Operations		Non-Insurance Operations			Inter-company Eliminations			Total
REVENUE
Net premiums earned	$	13,818	$	1,627	$	—		$	—		$	15,445
Net investment income	428		710		14			(135		)	1,017
Investment gains	270		186		—			—			456
Other income	146		250		266			(514		)	148
	14,662		2,773		280			(649		)	17,066
BENEFITS AND EXPENSES
Policyholder benefits paid	8,731		1,215		—			(121		)	9,825
Amortization of deferred policy acquisition costs	689		93		—			—			782
Commissions	1,932		71		—			—			2,003
General and administrative expenses	2,085		676		171			(528		)	2,404
Taxes, licenses and fees	516		51		—			—			567
Interest expense	—		10		296			—			306
	13,953		2,116		467			(649		)	15,887
Income (Loss) Before Income Taxes	709		657		(187		)	—			1,179
INCOME TAX EXPENSE (BENEFIT)	144		168		(40		)	—			272
Net Income (Loss)	$	565	$	489	$	(147	)	$	—		$	907

Nine months ended September 30, 2019	P&C Insurance Operations		Life Insurance Operations		Non-Insurance Operations			Inter- company Eliminations			Total
REVENUE
Net premiums earned	$	40,356	$	4,561	$	—		$	—		$	44,917
Net investment income	1,255		2,022		36			(405		)	2,908
Investment gains	1,991		109		20			—			2,120
Other income	430		689		785			(1,464		)	440
	44,032		7,381		841			(1,869		)	50,385
BENEFITS AND EXPENSES
Policyholder benefits paid	26,112		3,916		—			(355		)	29,673
Amortization of deferred policy acquisition costs	2,043		581		—			—			2,624
Commissions	5,795		222		—			—			6,017
General and administrative expenses	6,200		1,471		817			(1,514		)	6,974
Taxes, licenses and fees	1,659		231		—			—			1,890
Interest expense	—		34		845			—			879
	41,809		6,455		1,662			(1,869		)	48,057
Income (Loss) Before Income Taxes	2,223		926		(821		)	—			2,328
INCOME TAX EXPENSE (BENEFIT)	33		186		(177		)	—			42
Net Income (Loss)	$	2,190	$	740	$	(644	)	$	—		$	2,286

Nine months ended September 30, 2018	P&C Insurance Operations			Life Insurance Operations		Non-Insurance Operations			Inter-company Eliminations			Total
REVENUE
Net premiums earned	$	41,060		$	4,704	$	—		$	—		$	45,764
Net investment income	1,253			2,042		42			(405		)	2,932
Investment gains (losses)	(101		)	93		—			—			(8		)
Other income	454			713		772			(1,482		)	457
	42,666			7,552		814			(1,887		)	49,145
BENEFITS AND EXPENSES
Policyholder benefits paid	25,210			4,187		—			(373		)	29,024
Amortization of deferred policy acquisition costs	2,069			303		—			—			2,372
Commissions	5,609			186		—			—			5,795
General and administrative expenses	6,198			1,907		484			(1,514		)	7,075
Taxes, licenses and fees	1,382			183		—			—			1,565
Interest expense	—			35		882			—			917
	40,468			6,801		1,366			(1,887		)	46,748
Income (Loss) Before Income Taxes	2,198			751		(552		)	—			2,397
INCOME TAX EXPENSE (BENEFIT)	477			201		(116		)	—			562
Net Income (Loss)	$	1,721		$	550	$	(436	)	$	—		$	1,835

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 three and nine months ended September 30, 2019 and 2018, respectively:

	Three months ended September 30,						Nine months ended September 30,
	2019			2018			2019			2018
Life, accident and health operations premiums written:
Traditional life insurance	$	1,062		$	1,083		$	3,151		$	3,280
Accident and health insurance	623			617			1,376			1,428
Gross life, accident and health	1,685			1,700			4,527			4,708
Reinsurance premium ceded	(11		)	(11		)	(64		)	(70		)
Net life, accident and health premiums written	$	1,674		$	1,689		$	4,463		$	4,638
Property and Casualty operations premiums written:
Dwelling fire & extended coverage	$	9,927		$	9,515		$	30,266		$	29,181
Homeowners (Including mobile homeowners)	5,235			5,406			16,098			16,782
Other liability	561			557			1,743			1,716
Gross property and casualty	15,723			15,478			48,107			47,679
Reinsurance premium ceded	(1,930		)	(1,738		)	(5,155		)	(4,627		)
Net property and casualty written	$	13,793		$	13,740		$	42,952		$	43,052
Consolidated gross premiums written	$	17,408		$	17,178		$	52,634		$	52,387
Reinsurance premium ceded	(1,941		)	(1,749		)	(5,219		)	(4,697		)
Consolidated net premiums written	$	15,467		$	15,429		$	47,415		$	47,690

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 three and nine months ended September 30, 2019 and 2018, respectively:

	Three months ended September 30,						Nine months ended September 30,
	2019			2018			2019			2018
Life, accident and health operations premiums earned:
Traditional life insurance	$	1,008		$	1,021		$	3,249		$	3,347
Accident and health insurance	584			617			1,376			1,427
Gross life, accident and health	1,592			1,638			4,625			4,774
Reinsurance premium ceded	(11		)	(11		)	(64		)	(70		)
Net life, accident and health premiums earned	$	1,581		$	1,627		$	4,561		$	4,704
Property and Casualty operations premiums earned:
Dwelling fire & extended coverage	$	9,644		$	9,403		$	28,401		$	27,792
Homeowners (Including mobile homeowners)	5,178			5,449			15,585			16,420
Other liability	560			552			1,654			1,628
Gross property and casualty	15,382			15,404			45,640			45,840
Reinsurance premium ceded	(1,754		)	(1,586		)	(5,284		)	(4,780		)
Net property and casualty earned	$	13,628		$	13,818		$	40,356		$	41,060
Consolidated gross premiums earned	$	16,974		$	17,042		$	50,265		$	50,614
Reinsurance premium ceded	(1,765		)	(1,597		)	(5,348		)	(4,850		)
Consolidated net premiums earned	$	15,209		$	15,445		$	44,917		$	45,764