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Statutory
12 Months Ended
Dec. 31, 2014
Statutory [Abstract]  
Statutory
Note Q - Statutory

Net income of the insurance subsidiaries, all of which are wholly owned, as determined in accordance with statutory accounting practices, was $27,143, $30,886 and $29,262 for 2014, 2013 and 2012, respectively.  Consolidated statutory capital and surplus for these subsidiaries was $398,762 and $377,209 at December 31, 2014 and 2013, respectively, of which $64,400 may be transferred by dividend or loan to the parent company during calendar year 2015 with proper notification to, but without approval from, regulatory authorities.  An additional $238,096 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.
 
State regulatory authorities prescribe calculations of the minimum amount of statutory capital and surplus necessary for each insurance company to remain authorized.  These computations are referred to as Risk Based Capital (“RBC”) requirements and are based on a number of complex factors taking into consideration the quality and nature of assets, the historical adequacy of recorded liabilities and the specific nature of business conducted.    At December 31, 2014 the minimum statutory capital and surplus requirements of the insurance subsidiaries was $94,892.  Actual consolidated statutory capital and surplus at December 31, 2014 exceeded this requirement by $303,870, which equals to 320% of minimum RBC.