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Note 7 Net Investment Income
 12 Months Ended
Dec. 31, 2011
Net Investment Income {1}  
Net Investment Income

Note 7.                        Net Investment Income

               

            Major categories of net investment income for the years ended December 31, 2011, 2010 and 2009 are summarized as follows:

 

 

 

2011

 

 

2010

 

 

2009

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

Fixed maturities

$

33,161

 

$

     34,022 

 

$

     36,037 

Equity securities

 

2,749

 

 

       4,661 

 

 

       3,750 

Short-term investments

 

63

 

 

           311 

 

 

           110 

Policy loans

 

1,587

 

 

       1,598 

 

 

       1,789 

Equity income (loss):

 

 

 

 

 

 

 

 

 

Investment partnerships

 

677

 

 

           684 

 

 

       1,344 

 

Operating partnerships

 

1,591

 

 

           694 

 

 

           726 

Other

 

175

 

 

           160 

 

 

             44 

Investment expenses

 

(215)

 

 

         (329)

 

 

         (280)

 

 

 

 

 

 

 

 

 

Net investment income

$

      39,788

 

$

     41,801 

 

$

     43,520