Investments (Tables)

3 Months Ended

Mar. 31, 2014

Investments Debt And Equity Securities [Abstract]

Summary of Cost or Amortized Cost, Gross Unrealized Gains and Losses, and Estimated Fair Value Available-for-Sale Securities

At March 31, 2014 and December 31, 2013, the amortized cost, gross unrealized gains and losses, and estimated fair value of the Company’s available-for-sale securities by security type were as follows:

	Cost or Amortized Cost		Gross Unrealized Gain		Gross Unrealized Loss			Estimated Fair Value
As of March 31, 2014
Fixed-maturity securities
U.S. Treasury and U.S. government agencies	$	4,351	$	103	$	(1	)	$	4,453
Corporate bonds		30,062		781		(71	)		30,772
Commercial mortgage-backed securities		10,867		470		(59	)		11,278
State, municipalities, and political subdivisions		80,877		2,234		(66	)		83,045
Redeemable preferred stock		3,523		46		(4	)		3,565
Total		129,680		3,634		(201	)		133,113
Equity securities		22,174		1,113		(415	)		22,872
Total available-for-sale securities	$	151,854	$	4,747	$	(616	)	$	155,985
As of December 31, 2013
Fixed-maturity securities
U.S. Treasury and U.S. government agencies	$	4,549	$	37	$	(22	)	$	4,564
Corporate bonds		25,139		484		(219	)		25,404
Commercial mortgage-backed securities		10,929		499		(96	)		11,332
State, municipalities, and political subdivisions		69,715		917		(181	)		70,451
Redeemable preferred stock		406		5		(11	)		400
Total		110,738		1,942		(529	)		112,151
Equity securities		17,248		920		(519	)		17,649
Total available-for-sale securities	$	127,986	$	2,862	$	(1,048	)	$	129,800

Scheduled Contractual Maturities of Fixed-Maturity Securities

The scheduled contractual maturities of fixed-maturity securities at March 31, 2014 and December 31, 2013 are as follows:

	Amortized Cost		Estimated Fair Value
As of March 31, 2014
Available-for-sale
Due in one year or less	$	3,347	$	3,402
Due after one year through five years		31,570		32,140
Due after five years through ten years		69,097		70,901
Due after ten years		14,799		15,392
Commercial mortgage-backed securities		10,867		11,278
	$	129,680	$	133,113
As of December 31, 2013
Available-for-sale
Due in one year or less	$	2,366	$	2,381
Due after one year through five years		24,829		25,145
Due after five years through ten years		59,083		59,582
Due after ten years		13,531		13,711
Commercial mortgage-backed securities		10,929		11,332
	$	110,738	$	112,151

Summary of Proceeds Received and Gross Realized Gains and Losses from Sales of Available for Sale Securities

Proceeds received, and the gross realized gains and losses, from sales of available-for-sale securities for the three months ended March 31, 2014 and 2013 were as follows:

	Proceeds		Gross Realized Gains		Gross Realized Losses
Three months ended March 31, 2014
Fixed-maturity securities	$	1,691	$	65	$	(9	)
Equity securities	$	2,764	$	75	$	(127	)
Three months ended March 31, 2013
Fixed-maturity securities	$	1,037	$	32	$	—
Equity securities	$	361	$	20	$	(32	)

Summary of Securities with Gross Unrealized Loss Positions Aggregated by Investment Category

Securities with gross unrealized loss positions at March 31, 2014 and December 31, 2013, aggregated by investment category and length of time the individual securities have been in a continuous loss position, are as follows:

	Less Than Twelve Months					Twelve Months or Greater					Total
As of March 31, 2014	Gross Unrealized Loss			Estimated Fair Value		Gross Unrealized Loss			Estimated Fair Value		Gross Unrealized Loss			Estimated Fair Value
Fixed-maturity securities
U.S. treasury and U.S. government agencies	$	(1	)	$	310	$	—		$	—	$	(1	)	$	310
Corporate bonds		(67	)		3,232		(4	)		230		(71	)		3,462
Commercial mortgage-backed securities		(37	)		1,957		(22	)		338		(59	)		2,295
State, municipalities, and political subdivisions		(36	)		6,071		(30	)		193		(66	)		6,264
Redeemable preferred stock		(4	)		483		—			—		(4	)		483
Total fixed-maturity securities		(145	)		12,053		(56	)		761		(201	)		12,814
Equity securities		(202	)		10,266		(213	)		1,090		(415	)		11,356
Total available-for-sale securities	$	(347	)	$	22,319	$	(269	)	$	1,851	$	(616	)	$	24,170
	Less Than Twelve Months					Twelve Months or Greater					Total
As of December 31, 2013	Gross Unrealized Loss			Estimated Fair Value		Gross Unrealized Loss			Estimated Fair Value		Gross Unrealized Loss			Estimated Fair Value
Fixed-maturity securities
U.S. treasury and U.S. government agencies	$	(22	)	$	3,291	$	—		$	—	$	(22	)	$	3,291
Corporate bonds		(212	)		9,502		(7	)		230		(219	)		9,732
Commercial mortgage-backed securities		(96	)		2,179		—			—		(96	)		2,179
State, municipalities, and political subdivisions		(181	)		20,233		—			—		(181	)		20,233
Redeemable preferred stock		(11	)		239		—			—		(11	)		239
Total fixed-maturity securities		(522	)		35,444		(7	)		230		(529	)		35,674
Equity securities		(273	)		10,742		(246	)		1,069		(519	)		11,811
Total available-for-sale securities	$	(795	)	$	46,186	$	(253	)	$	1,299	$	(1,048	)	$	47,485

Summary of Other Invested Assets

Other investments consist of the following as of March 31, 2014 and December 31, 2013:

	March 31, 2014			December 31, 2013
Land	$	11,476		$	11,299
Land improvements		1,399			1,351
Buildings		3,097			3,022
Other		1,281			1,262
Total, at cost		17,253			16,934
Less: accumulated depreciation and amortization		(803	)		(706	)
Other investments	$	16,450		$	16,228