Investments (Tables)

6 Months Ended

Jun. 30, 2012

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-for-sale Securities Reconciliation

The following table details the difference between cost or adjusted/amortized cost and estimated fair value, by major investment category, at June 30, 2012, and December 31, 2011:

	Cost or Adjusted/Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
June 30, 2012
U.S. government and agency securities	$	46,360	$	285	$	196	$	46,449
States, municipalities and political subdivisions	17,138		1,696		—		18,834
Corporate securities	54,445		3,139		19		57,565
Redeemable preferred stocks	430		—		1		429
Total fixed maturities	$	118,373	$	5,120	$	216	$	123,277
Common stocks	2,929		441		42		3,328
Nonredeemable preferred stocks	477		—		11		466
Total equity securities	$	3,406	$	441	$	53	$	3,794
Other long-term investments	300		—		—		300
Total investments	$	122,079	$	5,561	$	269	$	127,371
December 31, 2011
U.S. government and agency securities	$	48,011	$	219	$	111	$	48,119
States, municipalities and political subdivisions	17,159		1,207		—		18,366
Corporate securities	51,135		2,366		145		53,356
Redeemable preferred stocks	558		—		21		537
Total fixed maturities	$	116,863	$	3,792	$	277	$	120,378
Common stocks	2,807		359		43		3,123
Nonredeemable preferred stocks	477		—		19		458
Total equity securities	$	3,284	$	359	$	62	$	3,581
Other long-term investments	300		—		—		300
Total investments	$	120,447	$	4,151	$	339	$	124,259

Schedule of Realized Gain (Loss)

The following table details our realized gains (losses) by major investment category for the three- and six-month periods ended June 30, 2012, and 2011:

	2012					2011
	Gains (Losses)			Fair Value at Sale		Gains (Losses)			Fair Value at Sale
Three Months Ended June 30,
Fixed maturities	$	156		$	4,016	$	110		$	12,046
Realized gains on equity securities	29			150		10			65
Total realized gains	$	185		$	4,166	$	120		$	12,111
Fixed maturities	(141		)	9,243		(8		)	2,990
Realized losses on equity securities	(7		)	38		—			—
Total realized losses	$	(148	)	$	9,281	$	(8	)	$	2,990
Net realized investment gains	$	37		$	13,447	$	112		$	15,101
Six Months Ended June 30,
Fixed maturities	$	156		$	4,274	$	110		$	12,046
Equity securities	119			887		10			65
Total realized gains	$	275		$	5,161	$	120		$	12,111
Fixed maturities	(141		)	9,243		(8		)	2,990
Equity securities	(16		)	191		—			96
Total realized losses	$	(157	)	$	9,434	$	(8	)	$	3,086
Net realized investment gains	$	118		$	14,595	$	112		$	15,197

Investments Classified by Contractual Maturity Date

able below summarizes our fixed maturities at June 30, 2012, by contractual maturity periods. Actual results may differ as issuers may have the right to call or prepay obligations, with or without penalties, prior to the contractual maturity of those obligations.

	June 30, 2012
	Cost or Amortized Cost		Percent of Total		Fair Value		Percent of Total
Due in one year or less	$	38,295	32.3	%	$	38,181	31.0	%
Due after one year through five years	23,501		19.9		24,041		19.6
Due after five years through ten years	38,205		32.3		41,217		33.4
Due after ten years	18,372		15.5		19,838		16.0
Total	$	118,373	100.0	%	$	123,277	100.0	%

Investment Income

The following table summarizes our net investment income by major investment category:

	Three months ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
Fixed maturities	$	737		$	608		$	1,445		$	1,102
Equity securities	36			40			70			76
Cash, cash equivalents and short-term investments	4			52			9			56
Net investment income	$	777		$	700		$	1,524		$	1,234
Investment expenses	(23		)	(32		)	(94		)	(92		)
Net investment income, less investment expenses	$	754		$	668		$	1,430		$	1,142

Schedule of Unrealized Loss on Investments

The following table presents an aging of our unrealized investment losses by investment class:

	Less Than Twelve Months					Twelve Months or More
	Number of Securities*	Gross Unrealized Losses		Fair Value		Number of Securities*	Gross Unrealized Losses		Fair Value
June 30, 2012
U.S. government and agency securities	5	$	196	$	11,351	—	$	—	$	—
Corporate securities	2	19		3,027		—	—		—
Redeemable preferred stocks	1	—		204		1	1		102
Total fixed maturities	8	$	215	$	14,582	1	$	1	$	102
Common stocks	9	42		379		—	—		—
Nonredeemable preferred stocks	—	—		—		3	11		465
Total equity securities	9	$	42	$	379	3	$	11	$	465
Total	17	$	257	$	14,961	4	$	12	$	567
December 31, 2011
U.S. government and agency securities	2	$	90	$	16,915	1	$	21	$	1,627
Corporate securities	3	145		3,924		—	—		—
Redeemable preferred stocks	—	—		—		4	21		537
Total fixed maturities	5	$	235	$	20,839	5	$	42	$	2,164
Common stocks	12	40		740		1	3		9
Nonredeemable preferred stocks	—	—		—		3	19		458
Total equity securities	12	$	40	$	740	4	$	22	$	467
Total	17	$	275	$	21,579	9	$	64	$	2,631

* This amount represents the actual number of discrete securities, not the number of shares of those securities. The number is not presented in thousands.

Fair Value, Measurement Inputs, Disclosure

The following table presents the fair value measurements of our financial instruments by level at June 30, 2012, and December 31, 2011:

June 30, 2012	Total		Level 1		Level 2
U.S. government and agency securities	$	46,449	$	31,702	$	14,747
States, municipalities and political subdivisions	18,834		—		18,834
Corporate securities	57,565		—		57,565
Redeemable preferred stocks	429		429		—
Total fixed maturities	$	123,277	$	32,131	$	91,146
Common stocks	3,328		3,328		—
Nonredeemable preferred stocks	466		466		—
Total equity securities	$	3,794	$	3,794	$	—
Other long-term investments	300		300		—
Total investments	$	127,371	$	36,225	$	91,146
December 31, 2011
U.S. government and agency securities	$	48,119	$	24,176	$	23,943
States, municipalities and political subdivisions	18,366		—		18,366
Corporate securities	53,356		—		53,356
Redeemable preferred stocks	537		537		—
Total fixed maturities	$	120,378	$	24,713	$	95,665
Common stocks	3,123		3,123		—
Nonredeemable preferred stocks	458		458		—
Total equity securities	$	3,581	$	3,581	$	—
Other long-term investments	300		300		—
Total investments	$	124,259	$	28,594	$	95,665