Investments Investments (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2014 and December 31, 2013:

	Cost or Adjusted/Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
June 30, 2014
U.S. government and agency securities	$	91,893	$	174	$	480	$	91,587
Foreign government	3,281		51		—		3,332
States, municipalities and political subdivisions	65,604		1,513		196		66,921
Public utilities	9,074		290		37		9,327
Corporate securities	112,438		2,153		314		114,277
Redeemable preferred stocks	406		3		4		405
Total fixed maturities	282,696		4,184		1,031		285,849
Mutual fund	44,000		—		—		44,000
Public utilities	824		63		1		886
Other common stocks	13,095		2,607		66		15,636
Nonredeemable preferred stocks	733		4		5		732
Total equity securities	58,652		2,674		72		61,254
Other long-term investments	300		—		—		300
Total investments	$	341,648	$	6,858	$	1,103	$	347,403
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 and six month periods ended June 30, 2014 and 2013:

	2014					2013
	Gains (Losses)			Fair Value at Sale		Gains (Losses)			Fair Value at Sale
Three Months Ended June 30,
Fixed maturities	$	—		$	—	$	4		$	2,127
Equity securities	70			66,246		13			50
Total realized gains	70			66,246		17			2,177
Fixed maturities	(39		)	1,363		(164		)	21,651
Equity securities	—			23		(2		)	28
Total realized losses	(39		)	1,386		(166		)	21,679
Net realized investment gains (losses)	$	31		$	67,632	$	(149	)	$	23,856
Six Months Ended June 30,
Fixed maturities	$	21		$	1,120	$	28		$	14,127
Equity securities	172			67,051		31			155
Total realized gains	193			68,171		59			14,282
Fixed maturities	(77		)	2,553		(218		)	38,647
Equity securities	(71		)	1,013		(2		)	28
Total realized losses	(148		)	3,566		(220		)	38,675
Net realized investment gains (losses)	$	45		$	71,737	$	(161	)	$	52,957

Investments Classified by Contractual Maturity Date

The table below summarizes our fixed maturities at June 30, 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.

	June 30, 2014
	Cost or Amortized Cost		Percent of Total		Fair Value		Percent of Total
Due in one year or less	$	41,156	14.5	%	$	41,236	14.4	%
Due after one year through five years	137,899		48.8		138,577		48.5
Due after five years through ten years	92,090		32.6		94,157		32.9
Due after ten years	11,551		4.1		11,879		4.2
Total	$	282,696	100.0	%	$	285,849	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,
	2014			2013			2014			2013
Fixed maturities	$	1,349		$	769		$	2,626		$	1,443
Equity securities	240			48			366			81
Cash, cash equivalents and short-term investments	4			10			5			20
Other investments	24			4			87			11
Investment income	1,617			831			3,084			1,555
Investment expenses	(79		)	(41		)	(148		)	(119		)
Net investment income	$	1,538		$	790		$	2,936		$	1,436

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, 2014
U.S. government and agency securities	18	$	69	$	24,151	18	$	411	$	15,896
States, municipalities and political subdivisions	16	99		16,552		12	97		14,231
Public utilities	—	—		—		2	37		2,294
Corporate securities	7	19		7,185		17	295		21,297
Redeemable preferred stocks	2	4		204		—	—		—
Total fixed maturities	43	191		48,092		49	840		53,718
Public utilities	5	1		196		—	—		—
Common stocks	31	33		1,233		1	33		272
Nonredeemable preferred stocks	3	3		295		1	2		128
Total equity securities	39	37		1,724		2	35		400
Total	82	$	228	$	49,816	51	$	875	$	54,118
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 June 30, 2014 and December 31, 2013:

	Total		Level 1		Level 2
June 30, 2014
U.S. government and agency securities	$	91,587	$	—	$	91,587
Foreign governments	3,332		—		3,332
States, municipalities and political subdivisions	66,921		—		66,921
Public utilities	9,327		—		9,327
Corporate securities	114,277		—		114,277
Redeemable preferred stocks	405		405		—
Total fixed maturities	285,849		405		285,444
Mutual fund	44,000		44,000		—
Public utilities	886		886		—
Common stocks	15,636		15,636		—
Nonredeemable preferred stocks	732		732		—
Total equity securities	61,254		61,254		—
Other long-term investments	300		300		—
Total investments	$	347,403	$	61,959	$	285,444
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