Stockholders' Equity Note Disclosure [Text Block]

6 Months Ended

Jun. 30, 2018

Notes

Stockholders' Equity Note Disclosure

Note 10.Stockholders’ Equity 

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. In 2018, investment securities available-for-sale consist of only fixed maturities. Prior to January 1, 2018, the Company classified certain equity securities as available-for-sale. Changes to the fair value of those equity securities classified as available-for-sale were recorded in other comprehensive income (loss) for the corresponding periods in 2017 and prior. Upon the adoption of new accounting guidance on January 1, 2018, the Company: (i) recorded a cumulative-effect adjustment to reclassify the existing amounts reported in accumulated other comprehensive income on that date for equity securities previously classified as available-for-sale, to retained earnings; and (ii) recorded the subsequent changes in the fair value of those equity securities in net income.

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

		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2018		2017		2018		2017
Beginning balance	$	(8,985)	$	(4,443)	$	(4,598)	$	(6,964)
Cumulative-effect of new accounting principles		-		-		(350)		-
Other comprehensive income (loss):
Other comprehensive income (loss) before reclassifications		(2,541)		2,009		(6,442)		4,678
Amounts reclassified from accumulated OCI		289		(70)		153		(218)
Net other comprehensive income (loss)		(2,252)		1,939		(6,289)		4,460
Ending balance	$	(11,237)	$	(2,504)	$	(11,237)	$	(2,504)

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				Six Months Ended
		June 30,				June 30,
		2018		2017		2018		2017
Unrealized gains (losses) on available-for-sale securities
reclassified during the period to the following income
statement line items:
Net investment gains (losses)	$	(366)	$	146	$	(195)	$	343
Income (loss) before income tax		(366)		146		(195)		343
Tax effect		(77)		76		(42)		125
Net income (loss)	$	(289)	$	70	$	(153)	$	218