Note 14 Other Comprehensive Income

3 Months Ended

Mar. 31, 2012

Equity

Other Comprehensive Income, Noncontrolling Interest [Text Block]

Note 14.

Other Comprehensive Income (Loss)

The components of other comprehensive income (loss) include: (i) the after-tax net unrealized gains and losses on investment securities available for sale, including the subsequent increases and decreases in fair value of available-for-sale securities previously impaired; (ii) the non-credit related component of other-than-temporary impairments of fixed maturities, net of tax; and (iii) the after-tax gains and losses from derivative instruments designated and qualifying as a cash flow hedge.

The tax effect on each component of other comprehensive income (loss) for three months ended March 31, 2012 and 2011 is as follows:

			Before		Tax		Net of
			Tax		Effect		Tax
		(In thousands)
2012
Net unrealized gains (losses) on available-for-sale securities		$	719	$	300	$	419
Other-than-temporary impairment losses			-		-		-
Allocation to deferred acquisition costs			(14)		-		(14)
Unrealized gains (losses) on derivatives			(36)		(14)		(22)
	Other comprehensive income (loss)	$	669	$	286	$	383
2011
Net unrealized gains (losses) on available-for-sale securities		$	(264)	$	(57)	$	(207)
Other-than-temporary impairment losses			-		-		-
Allocation to deferred acquisition costs			82		-		82
Unrealized gains (losses) on derivatives			-		-		-
	Other comprehensive income (loss)	$	(182)	$	(57)	$	(125)