Note 10. Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of Deferred Tax Assets and Liabilities

		2013		2012
DEFERRED TAX ASSETS:
Deferred insurance policy acquisition costs	$	484	$	970
Unrealized losses on investment securities		5,398		146
Investment write-downs		222		1,932
Loss carryforwards		109,463		116,913
Insurance reserves		392		1,135
Other		7,222		4,820
Total gross deferred tax assets		123,181		125,916
Less AMIC valuation allowance		(76,911)		(78,572)
Net deferred tax assets		46,270		47,344
DEFERRED TAX LIABILITIES:
Deferred insurance policy acquisition costs		(10,376)		(8,984)
Insurance reserves		(6,183)		(7,129)
Unrealized gains on investment securities		-		(8,134)
Other		(13,805)		(10,668)
Total gross deferred tax liabilities		(30,364)		(34,915)
Net deferred tax asset	$	15,906	$	12,429