Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2011

Accumulated Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income

Note S – Accumulated Other Comprehensive Income

A reconciliation of the components of accumulated other comprehensive income at December 31 is as follows:

	2011			2010
Investments:
Total unrealized gain before federal income taxes	$	40,911		$	52,145
Deferred tax liability		(14,319	)		(18,251	)
Net unrealized gains on investments		26,592			33,894
Foreign exchange adjustment:
Gross unrealized gains		1,759			1,988
Deferred tax liability		(616	)		(696	)
Net unrealized gains on foreign exchange adjustment		1,143			1,292
Accumulated other comprehensive income	$	27,735		$	35,186

Other comprehensive income (loss) reclassification adjustments for the years ended December 31 are as follows:

	2011			2010		2009
Investments:
Pre-tax holding gains (losses) on debt and equity
securities arising during period	$	(7,146	)	$	11,369	$	24,442
Applicable federal income taxes (credits)		(2,501	)		3,979		8,555
		(4,645	)		7,390		15,887
Pre-tax gains (losses) on debt and equity securities
included in net income (loss) during period		4,088			8,280		5,248
Applicable federal income taxes (credits)		1,431			2,898		1,837
		2,657			5,382		3,411
Change in unrealized gains (losses) on investments	$	(7,302	)	$	2,008	$	12,476