Segment Reporting

3 Months Ended

Jun. 30, 2011

Segment Reporting

Segment Reporting Disclosure [Text Block]

Note 12.

 Segment Reporting

The Insurance Group principally engages in the life and health insurance business. Information by business segment for the three months and six months ended June 30, 2011 and 2010 is presented below (in thousands):

		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2011		2010		2011		2010
Revenues:
Medical Stop-Loss (A)	$	30,145	$	37,446	$	60,780	$	65,346
Fully Insured Health (B)		44,079		37,478		87,318		68,352
Group disability, life, annuities and DBL (C)		15,186		16,632		30,443		33,790
Individual life, annuities and other		14,817		14,074		29,960		28,169
Corporate		(420)		206		130		27,806
		103,807		105,836		208,631		223,463
Net realized investment gains		1,883		1,634		1,681		1,983
Other-than-temporary impairment losses, net		(165)		(1,039)		(468)		(2,665)
	$	105,525	$	106,431	$	209,844	$	222,781
Income Before Income Taxes:
Medical Stop-Loss (A)	$	1,934	$	1,859	$	1,907	$	2,452
Fully Insured Health(B) (D)		1,579		(75)		4,942		1,079
Group disability, life, annuities and DBL (C)		1,772		1,829		1,588		1,314
Individual life, annuities and other		330		761		344		894
Corporate		(2,054)		(1,327)		(2,322)		25,354
		3,561		3,047		6,459		31,093
Net realized investment gains		1,883		1,634		1,681		1,983
Other-than-temporary impairment losses, net		(165)		(1,039)		(468)		(2,665)
Interest expense		(460)		(477)		(917)		(948)
	$	4,819	$	3,165	$	6,755	$	29,463

(A)

The amount includes equity income from AMIC (prior to its acquisition) of $14,000 for the six months ended June 30, 2010.

(B)

The amount includes equity income from AMIC (prior to its acquisition) of $244,000 for the six months ended June 30, 2010.

(C)

The amount includes equity income from AMIC (prior to its acquisition) of $22,000 for the six months ended June 30, 2010.

(D)

The Fully Insured Health segment includes amortization of intangible assets recorded as a result of purchase accounting for the recent acquisitions. Total amortization expense was $604,000 and $669,000 for the three months ended June 30, 2011 and 2010, respectively, and $1,212,000 and $1,160,000 for the six months ended June 30, 2011 and 2010, respectively. Amortization expense for the other segments is insignificant.