Reinsurance

6 Months Ended

Jun. 30, 2013

Insurance [Abstract]

Reinsurance

Note 6 - Reinsurance

The Company recognizes the cost of reinsurance premiums over the contract periods for such premiums in proportion to the insurance protection provided. Amounts recoverable from reinsurers for unpaid claims and claim settlement expenses, including estimated amounts for unsettled claims, claims incurred but not yet reported and policy benefits, are estimated in a manner consistent with the insurance liability associated with the policy. The effects of reinsurance on premiums written and contract deposits; premiums and contract charges earned; and benefits, claims and settlement expenses were as follows:

			Ceded to		Assumed
	Gross		Other		from Other		Net
	Amount		Companies		Companies		Amount
Three months ended June 30, 2013
Premiums written and contract deposits	$	274,199	$	7,509	$	1,013	$	267,703
Premiums and contract charges earned		178,344		7,697		914		171,561
Benefits, claims and settlement expenses		122,835		2,718		648		120,765
Three months ended June 30, 2012
Premiums written and contract deposits	$	266,859	$	7,505	$	935	$	260,289
Premiums and contract charges earned		173,166		7,676		845		166,335
Benefits, claims and settlement expenses		135,685		5,392		691		130,984
Six months ended June 30, 2013
Premiums written and contract deposits	$	526,264	$	14,912	$	1,429	$	512,781
Premiums and contract charges earned		354,652		15,361		1,428		340,719
Benefits, claims and settlement expenses		237,013		4,649		1,100		233,464
Six months ended June 30, 2012
Premiums written and contract deposits	$	516,415	$	14,768	$	1,395	$	503,042
Premiums and contract charges earned		345,556		15,131		1,414		331,839
Benefits, claims and settlement expenses		244,349		6,780		1,293		238,862