Investments (Tables)

6 Months Ended

Jun. 30, 2013

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, 2013, and December 31, 2012:

	Cost or Adjusted/Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
June 30, 2013
U.S. government and agency securities	$	66,473	$	17	$	560	$	65,930
States, municipalities and political subdivisions	45,810		1,169		414		46,565
Public utilities	9,643		160		72		9,731
Other corporate securities	110,044		773		1,550		109,267
Total fixed maturities	$	231,970	$	2,119	$	2,596	$	231,493
Public utilities	656		27		2		681
Other common stocks	8,726		617		114		9,229
Nonredeemable preferred stocks	272		—		12		260
Total equity securities	$	9,654	$	644	$	128	$	10,170
Other long-term investments	300		—		—		300
Total investments	$	241,924	$	2,763	$	2,724	$	241,963
December 31, 2012
U.S. government and agency securities	$	95,296	$	201	$	289	$	95,208
States, municipalities and political subdivisions	17,117		1,918		—		19,035
Public utilities	4,135		225		—		4,360
Other corporate securities	28,282		2,013		1		30,294
Redeemable preferred stocks	259		2		1		260
Total fixed maturities	$	145,089	$	4,359	$	291	$	149,157
Public utilities	316		16		6		326
Other common stocks	1,949		228		38		2,139
Nonredeemable preferred stocks	272		—		14		258
Total equity securities	$	2,537	$	244	$	58	$	2,723
Other long-term investments	300		—		—		300
Total investments	$	147,926	$	4,603	$	349	$	152,180

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, 2013, and 2012:

	2013					2012
	Gains (Losses)			Fair Value at Sale		Gains (Losses)			Fair Value at Sale
Three Months Ended June 30,
Fixed maturities	$	4		$	2,127	$	156		$	4,016
Realized gains on equity securities	13			50		29			150
Total realized gains	$	17		$	2,177	$	185		$	4,166
Fixed maturities	(164		)	21,651		(141		)	9,243
Realized losses on equity securities	(2		)	28		(7		)	38
Total realized losses	$	(166	)	$	21,679	$	(148	)	$	9,281
Net realized investment gains (losses)	$	(149	)	$	23,856	$	37		$	13,447
Six Months Ended June 30,
Fixed maturities	$	28		$	14,127	$	156		$	4,274
Realized gains on equity securities	31			155		119			887
Total realized gains	$	59		$	14,282	$	275		$	5,161
Fixed maturities	(218		)	38,647		(141		)	9,243
Realized losses on equity securities	(2		)	28		(16		)	191
Total realized losses	$	(220	)	$	38,675	$	(157	)	$	9,434
Net realized investment gains (losses)	$	(161	)	$	52,957	$	118		$	14,595

Investments Classified by Contractual Maturity Date

The table below summarizes our fixed maturities at June 30, 2013, 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, 2013
	Cost or Amortized Cost		Percent of Total		Fair Value		Percent of Total
Due in one year or less	$	19,292	8.3	%	$	19,319	8.4	%
Due after one year through five years	122,489		52.8		122,040		52.7
Due after five years through ten years	58,574		25.3		58,112		25.1
Due after ten years	31,615		13.6		32,022		13.8
Total	$	231,970	100.0	%	$	231,493	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,
	2013			2012			2013			2012
Fixed maturities	$	769		$	737		$	1,443		$	1,445
Equity securities	48			36			81			70
Cash, cash equivalents and short-term investments	10			4			20			9
Other investments	4			—			11			—
Net investment income	$	831		$	777		$	1,555		$	1,524
Investment expenses	(41		)	(23		)	(119		)	(94		)
Net investment income, less investment expenses	$	790		$	754		$	1,436		$	1,430

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, 2013
U.S. government and agency securities	32	$	560	$	46,611	—	$	—	$	—
States, municipalities and political subdivisions	24	414		28,300		—	—		—
Public utilities	4	72		4,353		—	—		—
Corporate securities	61	1,550		71,515		—	—		—
Total fixed maturities	121	$	2,596	$	150,779	—	$	—	$	—
Public utilities	5	2		221		—	—		—
All other common stocks	37	114		3,784		—	—		—
Nonredeemable preferred stocks	—	—		—		2	12		260
Total equity securities	42	$	116	$	4,005	2	$	12	$	260
Total	163	$	2,712	$	154,784	2	$	12	$	260
December 31, 2012
U.S. government and agency securities	13	$	289	$	44,174	—	$	—	$	—
Corporate securities	1	1		2,000		—	—		—
Redeemable preferred stocks	—	—		—		1	1		102
Total fixed maturities	14	$	290	$	46,174	1	$	1	$	102
Common stocks	16	41		620		1	3		53
Nonredeemable preferred stocks	—	—		—		2	14		258
Total equity securities	16	$	41	$	620	3	$	17	$	311
Total	30	$	331	$	46,794	4	$	18	$	413

* 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 June 30, 2013, and December 31, 2012:

	Total		Level 1		Level 2
June 30, 2013
U.S. government and agency securities	$	65,930	$	—	$	65,930
States, municipalities and political subdivisions	46,565		—		46,565
Public utilities	9,731		—		9,731
Corporate securities	109,267		—		109,267
Total fixed maturities	$	231,493	$	—	$	231,493
Public utilities	681		681		—
Common stocks	9,229		9,229		—
Nonredeemable preferred stocks	260		260		—
Total equity securities	$	10,170	$	10,170	$	—
Other long-term investments	300		300		—
Total investments	$	241,963	$	10,470	$	231,493
December 31, 2012
U.S. government and agency securities	$	95,208	$	66,710	$	28,498
States, municipalities and political subdivisions	19,035		—		19,035
Public utilities	4,360		—		4,360
Corporate securities	30,294		—		30,294
Redeemable preferred stocks	260		260		—
Total fixed maturities	$	149,157	$	66,970	$	82,187
Public utilities	325		325		—
Common stocks	2,140		2,140		—
Nonredeemable preferred stocks	258		258		—
Total equity securities	$	2,723	$	2,723	$	—
Other long-term investments	300		300		—
Total investments	$	152,180	$	69,993	$	82,187