Note 22 Segment Reporting

12 Months Ended

Dec. 31, 2011

Segment Reporting

Segment Reporting Disclosure [Text Block]

Note 22.          Segment Reporting

The Insurance Group principally engages in the life and health insurance business. Interest expense, taxes, and general expenses associated with parent company activities are included in Corporate. Identifiable assets by segment are those assets that are utilized in each segment and are allocated based upon the mean reserves and liabilities of each such segment. Corporate assets are composed principally of cash equivalents, resale agreements, fixed maturities, equity securities, partnership interests and certain other investments. Information by business segment for the years ended December 31, 2011, 2010 and 2009 is presented below.

				2011		2010		2009
				(In thousands)
Revenues:
Medical Stop-Loss (A)			$	123,497	$	130,654	$	133,121
Fully Insured Health (b)				167,900		150,684		115,975
Group disability; life, annuities and DBL (c)				60,376		65,972		64,992
Individual life, annuities and other				58,103		58,641		60,638
Corporate				973		28,590		1,314
				410,849		434,541		376,040
Net realized investment gains				8,670		4,646		8,789
Other-than-temporary impairment losses				(1,523)		(3,819)		(29,991)
Total revenues			$	417,996	$	435,368	$	354,838
Income (loss) from continuing operations
		before income taxes:
Medical Stop-Loss (A)			$	8,983	$	1,878	$	3,709
Fully Insured Health (b)				7,692		3,126		(7,808)
Group disability; life, annuities and DBL (c) (D)				1,733		6,646		7,107
Individual life, annuities and other				389		2,217		6,302
Corporate				(5,481)		23,470		(3,393)
				13,316		37,337		5,917
Interest expense				(1,965)		(1,912)		(2,817)
Net realized investment gains				8,670		4,646		8,789
Other-than-temporary impairment losses				(1,523)		(3,819)		(29,991)
Income (loss) from continuing operations
	before income taxes		$	18,498	$	36,252	$	(18,102)

(A)    The amount includes equity income from AMIC (prior to its acquisition) of $14,000 and $786,000 for the years 2010 and 2009, respectively.

(B)    The amount includes equity income from AMIC (prior to its acquisition) of $244,000 and $387,000 for the years ended December 31, 2010 and 2009, respectively.

(C)    The amount includes equity income from AMIC (prior to its acquisition) of $22,000 and $116,000 for the years ended December 31, 2010 and 2009, respectively.

(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 $2,374,000, $2,382,000 and $2,458,000 for the years ended December 31, 2011, 2010 and 2009, respectively. Amortization expense for the other segments is insignificant.

		2011		2010
		(In thousands)
IDENTIFIABLE ASSETS AT YEAR END
Medical Stop-Loss (A)	$	164,593	$	187,639
Fully Insured Health (B)		159,404		164,014
Group disability; life, annuities and DBL		311,422		281,495
Individual life, annuities and other		689,522		681,244
Corporate		33,918		47,400
	$	1,358,859	$	1,361,792

(A)The Medical Stop-Loss segment includes allocated goodwill of $5,664,000 at both December 31, 2011 and 2010.

(B)The Fully Insured Health segment includes allocated goodwill of $44,654,000 and $46,048,000 at December 31, 2011 and 2010, respectively.