Statutory (Unaudited)

12 Months Ended

Dec. 31, 2011

Statutory Accounting Practices [Abstract]

Statutory (Unaudited)

Note Q - Statutory (Unaudited)

Net income (loss) of the insurance subsidiaries, as determined in accordance with statutory accounting practices, was ($19,120), $12,542 and $22,855 for 2011, 2010 and 2009, respectively.  Consolidated statutory surplus for these subsidiaries was $313,705 and $366,461 at December 31, 2011 and 2010, respectively, of which $51,025 may be transferred by dividend or loan to the parent company during calendar year 2012 with proper notification to, but without approval from, regulatory authorities.  An additional $176,580 of shareholders' equity of such insurance subsidiaries could, under existing regulations, be advanced or loaned to the parent company with prior notification to and approval from regulatory authorities, although it is unlikely that transfers of this size would be practical.

Minimum statutory surplus necessary for the insurance subsidiaries to satisfy statutory risk based capital requirements was $84,732 at December 31, 2011.