Segment Reporting Disclosure [Text Block]

6 Months Ended

Jun. 30, 2017

Notes

Segment Reporting Disclosure

Note 15.    Segment Reporting 

The Insurance Group principally engages in the life and health insurance business. Interest expense, taxes, and general expenses associated with parent company activities are included in Corporate. Identifiable assets by segment are those assets that are utilized in each segment and are allocated based upon the mean reserves and liabilities of each such segment. Corporate assets are composed principally of cash equivalents, resale agreements, fixed maturities, equity securities, partnership interests and certain other investments.

Information by business segment is presented below for the periods indicated (in thousands):

		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2017		2016		2017		2016
Revenues:
Specialty Health	$	54,573	$	41,683	$	96,790	$	81,770
Group disability; life and DBL		26,467		25,677		52,873		51,213
Individual life, annuities and other (A)		509		585		1,039		1,336
Medical Stop-Loss (A)		114		8,114		1,973		15,964
Corporate		474		619		1,130		1,730
		82,137		76,678		153,805		152,013
Net realized investment gains		100		1,018		272		1,578
Total revenues	$	82,237	$	77,696	$	154,077	$	153,591
Income from continuing operations
before income taxes:
Specialty Health (B)	$	1,531	$	1,990	$	4,174	$	2,385
Group disability; life and DBL		2,151		1,509		7,633		8,210
Individual life, annuities and other  (A) (C)		83		315		(147)		(1,478)
Medical Stop-Loss (A)		2,465		3,948		3,290		11,750
Corporate		(2,402)		(1,458)		(3,747)		(5,198)
		3,828		6,304		11,203		15,669
Net realized investment gains		100		1,018		272		1,578
Interest expense		-		(473)		-		(926)
Income from continuing operations
before income taxes	$	3,928	$	6,849	$	11,475	$	16,321

(A)   Substantially all of the business in the segment is coinsured. Activity in this segment primarily reflects income or expenses related to the coinsurance and the run-off of any remaining blocks that were not coinsured.  

(B)   The Specialty Health segment includes amortization of intangible assets. Total amortization expense was $394,000 and $351,000 for the three months ended June 30, 2017 and 2016, respectively, and was $548,000 and $691,000, respectively, for the six months ended June 30, 2017 and 2016. 

(C)   The Individual life, annuities and other segment includes amortization of deferred charges in connection with the assumptions of certain ceded life and annuity policies amounting to $285,000 and $283,000 for the three months ended June 30, 2017 and 2016, respectively, and $570,000 and $1,653,000 for the six months ended June 30, 2017 and 2016, respectively.