Note 17. Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2012

Tables/Schedules

Schedule of Deferred Tax Assets and Liabilities

		2012		2011
DEFERRED TAX ASSETS:
Deferred insurance policy acquisition costs	$	970	$	1,996
Unrealized losses on investment securities		146		197
Investment write-downs		1,932		5,189
Loss carryforwards		116,913		114,876
Insurance reserves		1,135		1,269
Other		4,820		4,407
Total gross deferred tax assets		125,916		127,934
Less AMIC valuation allowance		(78,572)		(84,665)
Net deferred tax assets		47,344		43,269
DEFERRED TAX LIABILITIES:
Deferred insurance policy acquisition costs		(8,984)		(9,942)
Insurance reserves		(7,129)		(6,101)
Unrealized gains on investment securities		(8,134)		(4,336)
Other		(10,668)		(7,892)
Total gross deferred tax liabilities		(34,915)		(28,271)
Net deferred tax asset	$	12,429	$	14,998