| Segment Information |
15. Segment Information
The following schedule provides the financial performance of each of the three reportable operating segments of the
Company.
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Individual
Insurance |
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Group
Insurance |
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Old
American |
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Intercompany
Eliminations
1 |
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Consolidated |
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Insurance revenues:
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Second quarter:
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2012 |
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$ |
30,032 |
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$ |
12,197 |
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$ |
17,664 |
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$ |
(98 |
) |
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$ |
59,795 |
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2011 |
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25,542 |
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12,246 |
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16,899 |
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(134 |
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54,553 |
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Six months:
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2012 |
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$ |
58,601 |
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$ |
24,264 |
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$ |
34,964 |
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$ |
(197 |
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$ |
117,632 |
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2011 |
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56,274 |
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24,800 |
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33,607 |
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(269 |
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114,412 |
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Net investment income:
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Second quarter:
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2012 |
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$ |
40,334 |
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$ |
132 |
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$ |
2,969 |
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$ |
- |
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$ |
43,435 |
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2011 |
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41,654 |
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142 |
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3,097 |
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- |
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44,893 |
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Six months:
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2012 |
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$ |
81,455 |
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$ |
260 |
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$ |
5,929 |
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$ |
- |
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$ |
87,644 |
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2011 |
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83,767 |
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287 |
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6,230 |
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- |
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90,284 |
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Net income (loss):
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Second quarter:
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2012 |
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$ |
6,704 |
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$ |
121 |
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$ |
1,572 |
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$ |
- |
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$ |
8,397 |
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2011 |
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10,937 |
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(152 |
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388 |
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- |
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11,173 |
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Six months:
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2012 |
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$ |
26,191 |
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$ |
(214 |
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$ |
1,861 |
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$ |
- |
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$ |
27,838 |
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2011 |
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17,042 |
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(552 |
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(526 |
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- |
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15,964 |
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| 1 |
Elimination
entries to remove intercompany transactions for life and accident and health insurance that the Company purchases for its employees and agents were as follows: insurance revenues from the Group Insurance segment and operating expenses from the
Individual Insurance segment to arrive at Consolidated Statements of Comprehensive Income.
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