SEGMENTS The Companys property and casualty insurance operations comprise one business segment. The property and casualty insurance segment primarily underwrites home insurance coverage with primary lines of business consisting of dwelling fire and extended coverage, homeowners (including mobile homeowners) and other liability. Management organizes the business utilizing a niche strategy focusing on lower valued dwellings and older homes that can be difficult to insure in the standard insurance market. Our chief decision makers (Chief Executive Officer, Chief Financial Officer and President) review results and operating plans making decisions on resource allocations on a company-wide basis. The Companys products are primarily produced through independent agents within the states in which we operate. The Companys life and accident and health operations comprise the second business segment. The life and accident and health insurance segment consists of two lines of business: traditional life insurance and supplemental accident and health insurance. Total assets by industry segment at September 30, 2018 and at December 31, 2017 are summarized below ( dollars in thousands ): Assets by industry segment Total P&amp;C Insurance Operations Life Insurance Operations Non-Insurance Operations September 30, 2018 $ 147,720 $ 82,255 $ 59,508 $ 5,957 December 31, 2017 $ 146,438 $ 80,241 $ 60,709 $ 5,488 Premium revenues and operating income by business segment for the three and nine months ended September 30, 2018 and 2017 are summarized below ( dollars in thousands ): Three months ended September 30, 2018 Total P&amp;C Insurance Operations Life Insurance Operations Non-Insurance Operations REVENUE Net premiums earned $ 15,445 $ 13,818 $ 1,627 $  Net investment income 1,020 431 575 14 Net realized investment gains 453 267 186  Other income 148 147 1  17,066 14,663 2,389 14 BENEFITS AND EXPENSES Policyholder benefits paid 9,825 8,610 1,215  Amortization of deferred policy acquisition costs 782 689 93  Commissions 2,003 1,932 71  General and administrative expenses 2,404 1,721 512 171 Taxes, licenses and fees 567 516 51  Interest expense 306  10 296 15,887 13,468 1,952 467 Income (Loss) Before Income Taxes $ 1,179 $ 1,195 $ 437 $ (453 ) Three months ended September 30, 2017 Total P&amp;C Insurance Operations Life Insurance Operations Non-Insurance Operations REVENUE Net premiums earned $ 15,467 $ 13,893 $ 1,574 $  Net investment income 939 417 505 17 Net realized investment gains 75 63 12  Other income 150 149 1  16,631 14,522 2,092 17 BENEFITS AND EXPENSES Policyholder benefits paid 11,184 9,865 1,319  Amortization of deferred policy acquisition costs 706 694 12  Commissions 2,096 2,015 81  General and administrative expenses 2,398 1,634 547 217 Taxes, licenses and fees 709 669 40  Interest expense 320  13 307 17,413 14,877 2,012 524 Income (Loss) Before Income Taxes $ (782 ) $ (355 ) $ 80 $ (507 ) Nine months ended September 30, 2018 Total P&amp;C Insurance Operations Life Insurance Operations Non-Insurance Operations REVENUE Net premiums earned $ 45,764 $ 41,060 $ 4,704 $  Net investment income 2,799 1,120 1,637 42 Net realized investment gains 125 32 93  Other income 457 455 2  49,145 42,667 6,436 42 BENEFITS AND EXPENSES Policyholder benefits paid 29,024 24,837 4,187  Amortization of deferred policy acquisition costs 2,372 2,069 303  Commissions 5,795 5,609 186  General and administrative expenses 7,075 5,127 1,464 484 Taxes, licenses and fees 1,565 1,382 183  Interest expense 917  35 882 46,748 39,024 6,358 1,366 Income (Loss) Before Income Taxes $ 2,397 $ 3,643 $ 78 $ (1,324 ) Nine months ended September 30, 2017 Total P&amp;C Insurance Operations Life Insurance Operations Non-Insurance Operations REVENUE Net premiums earned $ 45,838 $ 41,131 $ 4,707 $  Net investment income 2,795 1,195 1,551 49 Net realized investment gains 312 123 189  Other income 447 444 3  49,392 42,893 6,450 49 BENEFITS AND EXPENSES Policyholder benefits paid 34,911 31,057 3,854  Amortization of deferred policy acquisition costs 2,470 2,083 387  Commissions 5,947 5,728 219  General and administrative expenses 6,410 4,511 1,165 734 Taxes, licenses and fees 1,915 1,736 179  Interest expense 969  52 917 52,622 45,115 5,856 1,651 Income (Loss) Before Income Taxes $ (3,230 ) $ (2,222 ) $ 594 $ (1,602 ) The following table presents the Companys gross and net premiums written for the property and casualty segment and the life and accident and health segment for the three and nine months ended September 30, 2018 and 2017, respectively: Three months ended September 30, Nine months ended September 30, 2018 2017 2018 2017 Life, accident and health operations premiums written: Traditional life insurance $ 1,083 $ 1,081 $ 3,280 $ 3,319 Accident and health insurance 617 550 1,428 1,379 Gross life, accident and health 1,700 1,631 4,708 4,698 Reinsurance premium ceded (11 ) (23 ) (70 ) (66 ) Net life, accident and health premiums written $ 1,689 $ 1,608 $ 4,638 $ 4,632 Property and Casualty operations premiums written: Dwelling fire &amp; extended coverage $ 9,515 $ 9,427 $ 29,181 $ 28,898 Homeowners (Including mobile homeowners) 5,406 5,651 16,782 17,687 Other liability 557 537 1,716 1,670 Gross property and casualty 15,478 15,615 47,679 48,255 Reinsurance premium ceded (1,738 ) (1,724 ) (4,627 ) (4,533 ) Net property and casualty written $ 13,740 $ 13,891 $ 43,052 $ 43,722 Consolidated gross premiums written $ 17,178 $ 17,246 $ 52,387 $ 52,953 Reinsurance premium ceded (1,749 ) (1,747 ) (4,697 ) (4,599 ) Consolidated net premiums written $ 15,429 $ 15,499 $ 47,690 $ 48,354 The following table presents the Companys gross and net premiums earned for the property and casualty segment and the life and accident and health segment for the three and nine months ended September 30, 2018 and 2017, respectively: Three months ended September 30, Nine months ended September 30, 2018 2017 2018 2017 Life, accident and health operations premiums earned: Traditional life insurance $ 1,021 $ 1,049 $ 3,347 $ 3,395 Accident and health insurance 617 548 1,427 1,378 Gross life, accident and health 1,638 1,597 4,774 4,773 Reinsurance premium ceded (11 ) (23 ) (70 ) (66 ) Net life, accident and health premiums earned $ 1,627 $ 1,574 $ 4,704 $ 4,707 Property and Casualty operations premiums earned: Dwelling fire &amp; extended coverage $ 9,403 $ 9,218 $ 27,792 $ 27,066 Homeowners (Including mobile homeowners) 5,449 5,715 16,420 17,179 Other liability 552 532 1,628 1,572 Gross property and casualty 15,404 15,465 45,840 45,817 Reinsurance premium ceded (1,586 ) (1,572 ) (4,780 ) (4,686 ) Net property and casualty earned $ 13,818 $ 13,893 $ 41,060 $ 41,131 Consolidated gross premiums earned $ 17,042 $ 17,062 $ 50,614 $ 50,590 Reinsurance premium ceded (1,597 ) (1,595 ) (4,850 ) (4,752 ) Consolidated net premiums earned $ 15,445 $ 15,467 $ 45,764 $ 45,838