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SEGMENTS (Tables)
 12 Months Ended
Dec. 31, 2019
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
Schedule of Segment Reporting Information, by Segment
Total assets by industry segment at December 31, 2019 and December 31, 2018 are summarized below:

($ in thousands)

Assets by industry segment
 
Total
 
P&C Insurance Operations
 
Life Insurance Operations
 
Non-Insurance Operations
 
 
 
 
 
 
 
 
 
December 31, 2019
 
$
153,934

 
$
83,917

 
$
65,605

 
$
4,412

 
 


 
 
 
 
 
 
December 31, 2018
 
$
144,231

 
$
80,994

 
$
59,479

 
$
3,758

Net income by business segment for the years ended December 31, 2019 and 2018 is summarized below:
($ in thousands)
 
Year ended December 31, 2019
P&C Insurance Operations
 
Life Insurance Operations
 
Non-Insurance Operations
 
Inter- company Eliminations
 
Total
REVENUE
 
 
 
 
 
 
 
 
 
Net premiums earned
$
54,019

 
$
5,864

 
$
—

 
$
—

 
$
59,883

Net investment income
1,683

 
2,677

 
56

 
(540
)
 
3,876

Investment gains
2,178

 
861

 
16

 
—

 
3,055

Other income
575

 
853

 
1,019

 
(1,862
)
 
585

 
58,455

 
10,255

 
1,091

 
(2,402
)
 
67,399

BENEFITS AND EXPENSES
 

 
 

 
 

 
 
 
 

Policyholder benefits paid
33,979

 
5,027

 
—

 
(408
)
 
38,598

Amortization of deferred policy acquisition costs
2,723

 
736

 
—

 
—

 
3,459

Commissions
7,148

 
281

 
—

 
—

 
7,429

General and administrative expenses
8,616

 
1,948

 
1,128

 
(1,994
)
 
9,698

Taxes, licenses and fees
2,185

 
285

 
—

 
—

 
2,470

Interest expense
—

 
43

 
1,122

 
—

 
1,165

 
54,651

 
8,320

 
2,250

 
(2,402
)
 
62,819

Income (Loss) Before Income Taxes
3,804

 
1,935

 
(1,159
)
 
—

 
4,580

INCOME TAX EXPENSE (BENEFIT)
359

 
397

 
(243
)
 
—

 
513

Net Income (Loss)
$
3,445

 
$
1,538

 
$
(916
)
 
$
—

 
$
4,067



($ 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
 
1,704

 
2,722

 
55

 
(540
)
 
3,941

Investment gains (losses)
 
(474
)
 
(78
)
 
—

 
—

 
(552
)
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
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, 2019 and 2018, respectively:
($ in thousands)
 
Years ended
December 31,
 
 
2019

2018
Life, accident and health operations premiums written:
 

 
 

Traditional life insurance
 
$
4,181

 
$
4,336

Accident and health insurance
 
1,770

 
1,831

Gross life, accident and health
 
5,951

 
6,167

Reinsurance premium ceded
 
(77
)
 
(81
)
Net life, accident and health premiums written
 
$
5,874

 
$
6,086

Property and Casualty operations premiums written:
 

 
 

Dwelling fire & extended coverage
 
$
38,847

 
$
37,598

Homeowners (Including mobile homeowners)
 
20,507

 
21,214

Other liability
 
2,224

 
2,195

Gross property and casualty
 
61,578

 
61,007

Reinsurance premium ceded
 
(7,041
)
 
(6,376
)
Net property and casualty written
 
$
54,537

 
$
54,631

Consolidated gross premiums written
 
$
67,529

 
$
67,174

Reinsurance premium ceded
 
(7,118
)
 
(6,457
)
Consolidated net premiums written
 
$
60,411

 
$
60,717
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, 2019 and 2018, respectively:
($ in thousands)

Years ended
December 31,
 

2019
 
2018
Life, accident and health operations premiums earned:
 

 
Traditional life insurance

$
4,165

 
$
4,273

Accident and health insurance

1,776

 
1,827

Gross life, accident and health

5,941

 
6,100

Reinsurance premium ceded

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

$
5,864

 
$
6,019

Property and Casualty operations premiums earned:





Dwelling fire & extended coverage

$
38,090

 
$
37,232

Homeowners (Including mobile homeowners)

20,758

 
21,801

Other liability

2,212

 
2,180

Gross property and casualty

61,060

 
61,213

Reinsurance premium ceded

(7,041
)
 
(6,376
)
Net property and casualty earned

$
54,019

 
$
54,837

Consolidated gross premiums earned

$
67,001

 
$
67,313

Reinsurance premium ceded

(7,118
)
 
(6,457
)
Consolidated net premiums earned

$
59,883

 
$
60,856