Note 8 - Segment Information

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

8. SEGMENT INFORMATION

The Company manages its business with

four

segments: fully-insured dental HMO and indemnity, fully-insured dental PPO, self-insured dental and corporate, all other. Self-insured dental consists of the self-insured dental HMO, self-insured dental PPO and self-insured dental indemnity products. Corporate, all other consists of revenue associated with the Company’s dental indemnity and vision products underwritten by

third

-party insurance carriers and certain other corporate activities. These segments are consistent with information used by the Chief Executive Officer (the chief operating decision maker) in managing the business.

The results of the fully-insured dental HMO and indemnity, fully-insured dental PPO and self-insured dental segments are measured by gross profit. The Company does

not

allocate insurance expense, investment and other income, assets or liabilities to these segments because the Company does

not

use these measures to analyze the segments. These items are assigned to the remainder of the Company’s business, which it identifies as corporate, all other. The Company’s gross profit was approximately

$6,827,000

and

$6,726,000

for the

three

months ended

March 31, 2019

and

2018,

respectively.

Listed below is financial information required for each reportable segment for the

three

months ended

March 31, 2019

and

2018

(amounts in thousands):

	Three Months Ended						Three Months Ended
	March 31, 2019						March 31, 2018
	Revenues-		Healthcare				Revenues-		Healthcare
	External		Services				External		Services
	Customers		Expense		Total		Customers		Expense		Total
Reportable segments:
Fully-insured dental HMO/Indemnity	$	11,788	$	9,312	$	2,476	$	12,609	$	9,815	$	2,794
Fully-insured dental PPO		8,632		5,872		2,760		7,409		4,894		2,515
Self-insured dental		8,886		7,613		1,273		7,885		6,790		1,095
Corporate, all other		318				318		322				322
Total	$	29,624	$	22,797		6,827	$	28,225	$	21,499		6,726
Investment income						90						78
Realized gains on investments, net						146						13
Insurance expense						6,548						6,019
Income before income tax					$	515					$	798
Total assets-corporate					$	109,288					$	93,213

Inter-segment revenues were

not

significant for the

three

months ended

March 31, 2019

and

2018.