Income Taxes Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

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

The following table summarizes the provision for income taxes:



	Year Ended December 31,
	2014			2013		2012
Federal:
Current	$	21,633		$	11,413	$	5,704
Deferred	(996		)	1,026		(526		)
Provision for Federal income tax expense	20,637			12,439		5,178

State:
Current	2,945			1,581		966
Deferred	(185		)	125		(135		)
Provision for State income tax expense	2,760			1,706		831
Provision for income taxes	$	23,397		$	14,145	$	6,009

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,
	2014			2013			2012
Expected income tax expense at federal rate	$	22,545		$	12,070		$	5,500
State tax expense, net of federal deduction benefit	1,660			1,140			547
Dividend received deduction	(350		)	(47		)	(42		)
Prior period adjustment	—			699			—
Other, net	(458		)	283			4
Reported income tax expense	$	23,397		$	14,145		$	6,009

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,
	2014			2013
Deferred tax assets:
Unearned premiums	$	13,483		$	11,370
Assessments	—			30
Tax-related discount on loss reserve	671			682
Bad debt expense	13			11
Other-than-temporary impairment	56			56
Other	651			873
Total deferred tax assets	14,874			13,022
Deferred tax liabilities:
Unrealized gain	(2,526		)	(58		)
Deferred acquisitions costs	(12,128		)	(11,061		)
Capitalized software	(443		)	(294		)
Other	(772		)	(1,317		)
Total deferred tax liabilities	(15,869		)	(12,730		)
Net deferred tax asset (liability)	$	(995	)	$	292