Investments (Tables)

9 Months Ended

Sep. 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 September 30, 2013, and December 31, 2012:

	Cost or Adjusted/Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
September 30, 2013
U.S. government and agency securities	$	61,241	$	36	$	652	$	60,625
States, municipalities and political subdivisions	45,782		933		395		46,320
Public utilities	8,607		169		78		8,698
Other corporate securities	118,065		1,053		1,417		117,701
Total fixed maturities	$	233,695	$	2,191	$	2,542	$	233,344
Public utilities	741		16		23		734
Other common stocks	10,371		969		152		11,188
Nonredeemable preferred stocks	272		—		17		255
Total equity securities	$	11,384	$	985	$	192	$	12,177
Other long-term investments	300		—		—		300
Total investments	$	245,379	$	3,176	$	2,734	$	245,821
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 nine-month periods ended September 30, 2013, and 2012:

	2013					2012
	Gains (Losses)			Fair Value at Sale		Gains (Losses)			Fair Value at Sale
Three Months Ended September 30,
Fixed maturities	$	2		$	6,007	$	42		$	3,066
Total realized gains	$	2		$	6,007	$	42		$	3,066
Fixed maturities	(40		)	4,078		—			—
Equity securities	—			—		(5		)	200
Total realized losses	$	(40	)	$	4,078	$	(5	)	$	200
Net realized investment gains (losses)	$	(38	)	$	10,085	$	37		$	3,266
Nine Months Ended September 30,
Fixed maturities	$	30		$	20,134	$	198		$	7,340
Equity securities	31			155		119			887
Total realized gains	$	61		$	20,289	$	317		$	8,227
Fixed maturities	(258		)	42,725		(141		)	9,243
Equity securities	(2		)	28		(21		)	391
Total realized losses	$	(260	)	$	42,753	$	(162	)	$	9,634
Net realized investment gains (losses)	$	(199	)	$	63,042	$	155		$	17,861

Investments Classified by Contractual Maturity Date

The table below summarizes our fixed maturities at September 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.

	September 30, 2013
	Cost or Amortized Cost		Percent of Total		Fair Value		Percent of Total
Due in one year or less	$	19,281	8.3	%	$	19,308	8.3	%
Due after one year through five years	121,131		51.8		121,246		52.0
Due after five years through ten years	61,502		26.3		60,933		26.1
Due after ten years	31,781		13.6		31,857		13.6
Total	$	233,695	100.0	%	$	233,344	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,
	2013			2012			2013			2012
Fixed maturities	$	983		$	757		$	2,426		$	2,202
Equity securities	93			34			174			104
Cash, cash equivalents and short-term investments	8			16			28			25
Other investments	5			—			16			—
Net investment income	$	1,089		$	807		$	2,644		$	2,331
Investment expenses	(40		)	(23		)	(159		)	(117		)
Net investment income, less investment expenses	$	1,049		$	784		$	2,485		$	2,214

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, 2013
U.S. government and agency securities	27	$	652	$	33,135	—	$	—	$	—
States, municipalities and political subdivisions	23	395		27,307		—	—		—
Public utilities	3	78		3,338		—	—		—
Corporate securities	45	1,417		57,322		—	—		—
Total fixed maturities	98	$	2,542	$	121,102	—	$	—	$	—
Public utilities	6	23		455		—	—		—
All other common stocks	35	152		3,337		—	—		—
Nonredeemable preferred stocks	—	—		—		2	17		255
Total equity securities	41	$	175	$	3,792	2	$	17	$	255
Total	139	$	2,717	$	124,894	2	$	17	$	255
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
Public utilities	3	6		178		—	—		—
All other common stocks	13	35		442		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 September 30, 2013, and December 31, 2012:

	Total		Level 1		Level 2
September 30, 2013
U.S. government and agency securities	$	60,625	$	—	$	60,625
States, municipalities and political subdivisions	46,320		—		46,320
Public utilities	8,698		—		8,698
Corporate securities	117,701		—		117,701
Total fixed maturities	$	233,344	$	—	$	233,344
Public utilities	734		734		—
Common stocks	11,188		11,188		—
Nonredeemable preferred stocks	255		255		—
Total equity securities	$	12,177	$	12,177	$	—
Other long-term investments	300		300		—
Total investments	$	245,821	$	12,477	$	233,344
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	326		326		—
Common stocks	2,139		2,139		—
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