Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The following table summarizes the provision for income taxes:



	Year Ended December 31,
	2012			2011			2010
Federal:
Current	$	5,704		$	4,864		$	(843	)
Deferred	(526		)	(656		)	423
Provision for (benefit from) Federal income tax expense	5,178			4,208			(420		)

State:
Current	966			664			8
Deferred	(135		)	56			(71		)
Provision for (benefit from) State income tax expense	831			720			(63		)
Provision for (benefit from) income taxes	$	6,009		$	4,928		$	(483	)

Tax Expense Reconciliation [Table Text Block]

The actual income tax expense differs from the expected income tax expense computed by applying the combined applicable effective federal and state tax rates to income before the provision for income taxes as follows:



	Year Ended December 31,
	2012			2011			2010
Expected income tax expense (benefit) at federal rate	$	5,500		$	4,425		$	(479	)
State tax expense (benefit), net of federal deduction benefit	547			472			(71		)
Dividend received deduction	(42		)	(38		)	(60		)
Other, net	4			69			127
Reported income tax expense (benefit)	$	6,009		$	4,928		$	(483	)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The table below summarizes the significant components of our net deferred tax asset:



	December 31,
	2012			2011
Deferred tax assets:
Unearned premiums	$	6,478		$	4,356
Assessments	636			4
Tax-related discount on loss reserve	495			726
Bad debt expense	9			30
Other-than-temporary impairment	56			105
Acquired deferred tax asset	—			172
Other	672			304
Total deferred tax assets	8,346			5,697
Deferred tax liabilities:
Unrealized gain	(1,641		)	(1,471		)
Deferred acquisitions costs	(6,453		)	(4,285		)
Capitalized software	(207		)	(297		)
Other	(185		)	(103		)
Total deferred tax liabilities	(8,486		)	(6,156		)
Less: valuation allowance	—			(172		)
Net deferred tax liability	$	(140	)	$	(631	)