Investments (Tables)

9 Months Ended

Sep. 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 September 30, 2012, and December 31, 2011:

	Cost or Adjusted/Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
September 30, 2012
U.S. government and agency securities	$	49,366	$	432	$	177	$	49,621
States, municipalities and political subdivisions	17,128		1,864		—		18,992
Corporate securities	51,332		4,080		—		55,412
Redeemable preferred stocks	430		3		1		432
Total fixed maturities	$	118,256	$	6,379	$	178	$	124,457
Common stocks	2,973		540		35		3,478
Nonredeemable preferred stocks	272		—		8		264
Total equity securities	$	3,245	$	540	$	43	$	3,742
Other long-term investments	300		—		—		300
Total investments	$	121,801	$	6,919	$	221	$	128,499
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 nine-month periods ended September 30, 2012, and 2011:

	2012					2011
	Gains (Losses)			Fair Value at Sale		Gains (Losses)			Fair Value at Sale
Three Months Ended September 30,
Fixed maturities	$	42		$	3,066	$	—		$	—
Total realized gains	$	42		$	3,066	$	—		$	—
Realized losses on equity securities	(5		)	200		—			—
Total realized losses	$	(5	)	$	200	$	—		$	—
Net realized investment gains	$	37		$	3,266	$	—		$	—
Nine Months Ended September 30,
Fixed maturities	$	198		$	7,340	$	110		$	12,046
Equity securities	119			887		10			65
Total realized gains	$	317		$	8,227	$	120		$	12,111
Fixed maturities	(141		)	9,243		(8		)	2,990
Equity securities	(21		)	391		—			96
Total realized losses	$	(162	)	$	9,634	$	(8	)	$	3,086
Net realized investment gains	$	155		$	17,861	$	112		$	15,197

Investments Classified by Contractual Maturity Date

The table below summarizes our fixed maturities at September 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.

	September 30, 2012
	Cost or Amortized Cost		Percent of Total		Fair Value		Percent of Total
Due in one year or less	$	42,293	35.8	%	$	42,309	34.0	%
Due after one year through five years	20,492		17.3		21,151		17.0
Due after five years through ten years	37,128		31.4		40,979		32.9
Due after ten years	18,343		15.5		20,018		16.1
Total	$	118,256	100.0	%	$	124,457	100.0	%

Investment Income

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Fixed maturities	$	757		$	678		$	2,202		$	1,780
Equity securities	34			34			104			110
Cash, cash equivalents and short-term investments	16			95			25			151
Net investment income	$	807		$	807		$	2,331		$	2,041
Investment expenses	(23		)	(24		)	(117		)	(116		)
Net investment income, less investment expenses	$	784		$	783		$	2,214		$	1,925

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
September 30, 2012
U.S. government and agency securities	4	$	177	$	10,277	—	$	—	$	—
Redeemable preferred stocks	—	—		—		1	1		102
Total fixed maturities	4	$	177	$	10,277	1	$	1	$	102
Common stocks	9	27		516		1	8		48
Nonredeemable preferred stocks	—	—		—		2	8		264
Total equity securities	9	$	27	$	516	3	$	16	$	312
Total	13	$	204	$	10,793	4	$	17	$	414
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 numbers are not presented in thousands.

Fair Value, Measurement Inputs, Disclosure

The following table presents the fair value of our financial instruments measured on a recurring basis by level at September 30, 2012, and December 31, 2011:

	Total		Level 1		Level 2
September 30, 2012
U.S. government and agency securities	$	49,621	$	31,821	$	17,800
States, municipalities and political subdivisions	18,992		—		18,992
Corporate securities	55,412		—		55,412
Redeemable preferred stocks	432		432		—
Total fixed maturities	$	124,457	$	32,253	$	92,204
Common stocks	3,478		3,478		—
Nonredeemable preferred stocks	264		264		—
Total equity securities	$	3,742	$	3,742	$	—
Other long-term investments	300		300		—
Total investments	$	128,499	$	36,295	$	92,204
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