Note 12. Segment Reporting

6 Months Ended

Jun. 30, 2014

Notes

Note 12. Segment Reporting

Note 12.          Segment Reporting

The Insurance Group principally engages in the life and health insurance business. Information by business segment is presented below for the periods indicated (in thousands):

		Three Months Ended				Six Months Ended
		June 30,				June 30
		2014		2013		2014		2013
Revenues:
Medical Stop-Loss	$	45,499	$	43,668	$	93,087	$	85,790
Fully  Insured Health(A)		60,888		68,435		127,427		132,118
Group disability, life, annuities and DBL		16,716		16,369		33,143		30,843
Individual life, annuities and other		8,347		11,673		17,285		24,620
Corporate		50		20		79		57
		131,500		140,165		271,021		273,428
Net realized investment gains		4,519		11,735		6,070		16,354
Total revenues	$	136,019	$	151,900	$	277,091	$	289,782
Income before income taxes:
Medical Stop-Loss	$	4,653	$	3,416	$	9,391	$	6,432
Fully Insured Health (A)		47		191		1,955		(141)
Group disability, life, annuities and DBL		2,003		2,399		3,180		3,975
Individual life, annuities and other (B)		(2,111)		(9,549)		(3,220)		(9,167)
Corporate		(2,491)		(1,378)		(4,410)		(2,537)
		2,101		(4,921)		6,896		(1,438)
Net realized investment gains		4,519		11,735		6,070		16,354
Interest expense		(337)		(490)		(818)		(977)
Income before income taxes	$	6,283	$	6,324	$	12,148	$	13,939

(A)                The Fully Insured Health segment includes amortization of intangible assets. Total amortization expense was $492,000 and $607,000 for the three months ended June 30, 2014 and 2013, respectively, and was $984,000 and $1,209,000, respectively, for the six months ended June 30, 2014 and 2013. Amortization expense for the other segments is not material to their operating results.

(B)                 For the three months and six months ended June 30, 2013, the Individual life, annuities and other segment includes the write-off of $9,307,000 of deferred acquisition costs in connection with a coinsurance agreement.