Investments Investments (Tables)

3 Months Ended

Mar. 31, 2014

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 March 31, 2014 and December 31, 2013:

	Cost or Adjusted/Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
March 31, 2014
U.S. government and agency securities	$	88,354	$	35	$	829	$	87,560
Foreign government	3,284		—		10		3,274
States, municipalities and political subdivisions	50,372		1,043		223		51,192
Public utilities	9,088		172		53		9,207
Corporate securities	115,707		1,210		730		116,187
Total fixed maturities	266,805		2,460		1,845		267,420
Mutual fund	54,197		—		—		54,197
Public utilities	824		30		10		844
Other common stocks	13,095		1,907		75		14,927
Nonredeemable preferred stocks	130		—		4		126
Total equity securities	68,246		1,937		89		70,094
Other long-term investments	300		—		—		300
Total investments	$	335,351	$	4,397	$	1,934	$	337,814
December 31, 2013
U.S. government and agency securities	$	98,621	$	28	$	1,169	$	97,480
Foreign government	3,287		—		60		3,227
States, municipalities and political subdivisions	45,556		654		433		45,777
Public utilities	9,103		122		92		9,133
Corporate securities	118,084		792		1,469		117,407
Total fixed maturities	274,651		1,596		3,223		273,024
Public utilities	804		23		20		807
Other common stocks	12,749		1,894		97		14,546
Nonredeemable preferred stocks	272		—		23		249
Total equity securities	13,825		1,917		140		15,602
Other long-term investments	300		—		—		300
Total investments	$	288,776	$	3,513	$	3,363	$	288,926

Schedule of Realized Gain (Loss)

The following table details our realized gains (losses) by major investment category for the three month periods ended March 31, 2014 and 2013:

	2014					2013
	Gains (Losses)			Fair Value at Sale		Gains (Losses)			Fair Value at Sale
Three Months Ended March 31,
Fixed maturities	$	21		$	1,120	$	24		$	12,000
Equity securities	102			805		18			105
Total realized gains	123			1,925		42			12,105
Fixed maturities	(38		)	1,190		(54		)	16,996
Equity securities	(71		)	990		—			—
Total realized losses	(109		)	2,180		(54		)	16,996
Net realized investment gains (losses)	$	14		$	4,105	$	(12	)	$	29,101

Investments Classified by Contractual Maturity Date

The table below summarizes our fixed maturities at March 31, 2014. We summarize our fixed maturities by their contractual due dates with the exception of our collateralized mortgage obligations which we summarize by their effective maturity dates. 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.

	March 31, 2014
	Cost or Amortized Cost		Percent of Total		Fair Value		Percent of Total
Due in one year or less	$	40,868	15.3	%	$	40,930	15.3	%
Due after one year through five years	129,999		48.8		130,057		48.7
Due after five years through ten years	79,825		29.9		79,811		29.8
Due after ten years	16,113		6.0		16,622		6.2
Total	$	266,805	100.0	%	$	267,420	100.0	%

Investment Income

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

	Three Months Ended March 31,
	2014			2013
Fixed maturities	$	1,277		$	674
Equity securities	126			33
Cash, cash equivalents and short-term investments	1			10
Other investments	63			7
Investment income	1,467			724
Investment expenses	(69		)	(78		)
Net investment income	$	1,398		$	646

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
March 31, 2014
U.S. government and agency securities	39	$	480	$	48,138	11	$	349	$	8,147
Foreign governments	4	10		3,274		—	—		—
States, municipalities and political subdivisions	15	125		14,201		7	98		9,611
Public utilities	1	52		1,005		1	1		1,274
Corporate securities	32	638		33,699		11	92		14,059
Total fixed maturities	91	1,305		100,317		30	540		33,091
Public utilities	9	10		320		—	—		—
Common stocks	46	75		2,600		—	—		—
Nonredeemable preferred stocks	1	4		126		—	—		—
Total equity securities	56	89		3,046		—	—		—
Total	147	$	1,394	$	103,363	30	$	540	$	33,091
December 31, 2013
U.S. government and agency securities	47	$	850	$	64,369	7	$	319	$	5,913
Foreign governments	4	60		3,227		—	—		—
States, municipalities and political subdivisions	23	433		27,106		—	—		—
Public utilities	4	92		3,830		—	—		—
Corporate securities	49	1,469		60,348		—	—		—
Total fixed maturities	127	2,904		158,880		7	319		5,913
Public utilities	5	20		357		—	—		—
Common stocks	15	97		1,626		—	—		—
Nonredeemable preferred stocks	1	6		125		1	17		125
Total equity securities	21	123		2,108		1	17		125
Total	148	$	3,027	$	160,988	8	$	336	$	6,038

* 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 March 31, 2014 and December 31, 2013:

	Total		Level 1		Level 2
March 31, 2014
U.S. government and agency securities	$	87,560	$	—	$	87,560
Foreign governments	3,274		—		3,274
States, municipalities and political subdivisions	51,192		—		51,192
Public utilities	9,207		—		9,207
Corporate securities	116,187		—		116,187
Total fixed maturities	267,420		—		267,420
Mutual fund	54,197		54,197		—
Public utilities	844		844		—
Common stocks	14,927		14,927		—
Nonredeemable preferred stocks	126		126		—
Total equity securities	70,094		70,094		—
Other long-term investments	300		300		—
Total investments	$	337,814	$	70,394	$	267,420
December 31, 2013
U.S. government and agency securities	$	97,480	$	—	$	97,480
Foreign government	3,227		—		3,227
States, municipalities and political subdivisions	45,777		—		45,777
Public utilities	9,133		—		9,133
Corporate securities	117,407		—		117,407
Total fixed maturities	273,024		—		273,024
Public utilities	807		807		—
Common stocks	14,546		14,546		—
Nonredeemable preferred stocks	249		249		—
Total equity securities	15,602		15,602		—
Other long-term investments	300		300		—
Total investments	$	288,926	$	15,902	$	273,024