Note 14. Segment Reporting

3 Months Ended

Jun. 30, 2012

Note 14. Segment Reporting:

Note 14. Segment Reporting

Note 14.          Segment Reporting

The Insurance Group principally engages in the life and health insurance business. Information by business segment for the three months ended June 30, 2012 and 2011 is presented below (in thousands):

			Three Months Ended				Six Months Ended
			June 30,				June 30,
			2012		2011		2012		2011
Revenues:
Medical Stop-Loss		$	34,298	$	30,145	$	69,558	$	60,780
Fully  Insured Health			40,009		44,079		78,676		87,318
Group disability, life, annuities and DBL			12,826		15,186		25,741		30,443
Individual life, annuities and other			13,061		14,817		26,851		29,960
Corporate			20		(420)		490		130
			100,214		103,807		201,316		208,631
Net realized investment gains			1,850		1,883		2,987		1,681
Other-than-temporary impairment losses			(621)		(165)		(704)		(468)
		$	101,443	$	105,525	$	203,599	$	209,844
Income from operations
	before income taxes:
Medical Stop-Loss		$	3,849	$	1,934	$	9,934	$	1,907
Fully Insured Health(A)			2,006		1,579		3,158		4,942
Group disability, life, annuities and DBL			733		1,772		702		1,588
Individual life, annuities and other			(172)		330		198		344
Corporate			(1,429)		(2,054)		(3,104)		(2,322)
			4,987		3,561		10,888		6,459
Net realized investment gains			1,850		1,883		2,987		1,681
Other-than-temporary impairment losses			(621)		(165)		(704)		(468)
Interest expense			(540)		(460)		(1,079)		(917)
		$	5,676	$	4,819	$	12,092	$	6,755

(A)                The Fully Insured Health segment includes amortization of intangible assets recorded as a result of acquisition accounting for the recent acquisitions. Total amortization expense was $610,000 and $604,000 for the three months ended June 30, 2012 and 2011, respectively, and was $1,205,000 and $1,212,000, respectively, for the six months ended June 30, 2012 and 2011. Amortization expense for the other segments is insignificant.