Stockholders' Equity Note Disclosure [Text Block]

3 Months Ended

Mar. 31, 2017

Notes

Stockholders' Equity Note Disclosure

Note 11.    Stockholders’ Equity 

Treasury Stock

 In the first quarter of 2017, the Company paid $14,402,000 for repurchases of its common stock; and of that amount, 703,000 shares of its common stock were repurchased in private transactions for an aggregate cost of $13,975,000. 

Accumulated Other Comprehensive Income (Loss)

Other comprehensive income (loss) includes the after-tax net unrealized gains and losses on investment securities available-for-sale, including the subsequent increases and decreases in fair value of available-for-sale securities previously impaired and the non-credit related component of other-than-temporary impairments of fixed maturities.

Changes in the balances of accumulated other comprehensive income, shown net of taxes, for the periods indicated were as follows (in thousands):

		Three Months Ended
		March 31,
		2017		2016
Beginning balance	$	(6,964)	$	(3,440)
Other comprehensive income (loss) before reclassifications		2,669		3,424
Amounts reclassified from accumulated OCI		(148)		(406)
Net other comprehensive income		2,521		3,018
Less: Other comprehensive income attributable
to noncontrolling interests		-		(57)
Ending balance	$	(4,443)	$	(479)

Presented below are the amounts reclassified out of accumulated other comprehensive income (loss) and recognized in earnings for each of the periods indicated (in thousands):

		Three Months Ended
		March 31,
		2017		2016
Unrealized gains (losses) on available-for-sale securities
reclassified during the period to the following income
statement line items:
Net realized investment gains	$	197	$	628
Income before income tax		197		628
Tax effect		49		222
Net income	$	148	$	406