Insurance Reserves and Policyholder Funds (Tables)

12 Months Ended

Dec. 31, 2012

Insurance Reserves And Policyholder Funds [Abstract]

Reserves for life, accident, health and property and casualty losses, including loss adjustment expenses

The following table presents the Company's reserves for life, accident, health and property and casualty losses as well as loss adjustment expenses.

					Amount of Insurance In Force
	2012		2011		2012		2011
Future policy benefits
Life insurance policies:
Ordinary	$	51,256	$	49,261	$	244,634	$	237,966
Mass market		3,037		3,293		4,001		4,450
Individual annuities		142		186		-		-
		54,435		52,740	$	248,635	$	242,416
Accident and health insurance policies		12,497		10,581
		66,932		63,321
Unearned premiums		22,637		23,646
Losses, claims and loss adjustment expenses		62,873		57,975
Other policy liabilities		2,116		2,252
Total insurance reserves and policyholder funds	$	154,558	$	147,194

Summary of activity in liabilities for unpaid loss and claim reserved

Activity in the liability for unpaid loss and claim reserves is summarized as follows:

	2012			2011
Balance at January 1	$	57,975		$	53,961
Less: Reinsurance receivable on unpaid losses		(15,673	)		(14,226	)
Net balance at January 1		42,302			39,735

Incurred related to:
Current year		86,780			73,980
Prior years		(1,841	)		(4,095	)
Total incurred		84,939			69,885

Paid related to:
Current year		61,786			51,316
Prior years		21,325			16,301
Total paid		83,111			67,617
Reserves acquired		-			299
Net balance at December 31		44,130			42,302
Plus: Reinsurance receivable on unpaid losses		18,743			15,673
Balance at December 31	$	62,873		$	57,975

Reconciliation of total incurred claims to total insurance benefits and losses

Following is a reconciliation of total incurred claims to total insurance benefits and losses incurred:

	2012		2011
Total incurred claims	$	84,939	$	69,885
Cash surrender value and matured endowments		1,241		1,400
Benefit reserve changes		3,637		2,329
Total insurance benefits and losses incurred	$	89,817	$	73,614

- Definition

The entire disclosure for the present values of future benefits to be paid to or on behalf of policyholders and related expenses less the present value of future net premiums using assumptions such as estimates of expected investment yields, mortality, morbidity, terminations and expenses, applicable at the time the insurance contracts are made and unpaid claim costs relating to insurance contracts including estimates of costs relating to incurred but not reported claims based on the estimated ultimate cost of settling the claims (including effects of inflation and other societal and economic factors), using past experience adjusted for current trends and any other factors that would modify past experience by element such as business segment, country and interest rate range.

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- Definition

Tabular disclosure of the activity in the reserve for settling insured claims and expenses incurred in the claims settlement process for the period. The estimated liability includes the amount of money that will be required for future payments of (a) claims that have been reported to the insurer, (b) claims related to insured events that have occurred but that have not been reported to the insurer as of the date the liability is estimated, and (c) claim adjustment expenses. Claim adjustment expenses include costs incurred in the claim settlement process such as legal fees; outside adjuster fees; and costs to record, process, and adjust claims.

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