Note 14. Segment Reporting

3 Months Ended

Mar. 31, 2013

Notes

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 March 31, 2013 and 2012 is presented below (in thousands):

		Three Months Ended
		March 31,
		2013		2012
Revenues:
Medical Stop-Loss	$	42,122	$	35,260
Fully Insured Health		63,683		38,667
Group disability, life, annuities and DBL		14,474		12,915
Individual life, annuities and other		12,947		13,790
Corporate		37		470
		133,263		101,102
Net realized investment gains		4,619		1,137
Other-than-temporary impairment losses		-		(83)
Total revenues	$	137,882	$	102,156
Income from operations before income taxes:
Medical Stop-Loss	$	3,016	$	6,085
Fully Insured Health(A)		(332)		1,152
Group disability, life, annuities and DBL		1,576		(31)
Individual life, annuities and other		382		370
Corporate		(1,159)		(1,675)
		3,483		5,901
Net realized investment gains		4,619		1,137
Other-than-temporary impairment losses		-		(83)
Interest expense		(487)		(539)
	$	7,615	$	6,416

(A)                The Fully Insured Health segment includes amortization of intangible assets recorded as a result of acquisition accounting. Total amortization expense was $602,000 and $595,000 for the three months ended March 31, 2013 and 2012, respectively. Amortization expense for the other segments is insignificant.