Income Taxes Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Tax Valuation Allowance [Abstract]

Summary of Valuation Allowance [Table Text Block]

The table below summarizes the changes in the valuation allowance.

	Deferred Tax Liability			Other Comprehensive Income		Goodwill	Income Tax Expense (Benefit)
	(In thousands)
Balance at December 31, 2009	(2,462		)	(2,701	)	1,058	4,105
Release of valuation allowance in 2010	2,462			1,858		—	(4,320	)
Balance at December 31, 2010	—			(843	)	1,058	(215	)
Release of valuation allowance in 2011	—			570		—	(570	)
Balance at December 31, 2011	—			(273	)	1,058	(785	)
Release of valuation allowance in 2012	—			188		—	(188	)
Balance at December 31, 2012	$	—		(85	)	1,058	(973	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

A reconciliation of federal income tax expense computed by applying the federal income tax rate of 35% in 2012, 2011 and 2010 to income (loss) before federal income tax expense is as follows:

	Years Ended December 31,
	2012			2011		2010
				(As adjusted)		(As adjusted)
	(In thousands)
Expected tax expense	$	2,113		3,966		6,436
Change in valuation allowance	—			—		(2,462	)
Release of valuation allowance previously held in other comprehensive income	(188		)	(570	)	(1,858	)
Taxable intercompany stock sales	182			405		1,369
Tax-exempt interest and dividends-received deduction	(364		)	(251	)	(203	)
Change in fair value of options and warrants	(158		)	(398	)	(81	)
Adjustment of prior year taxes	—			(280	)	566
Effect of graduated rates	(100		)	—		—
Other	22			(24	)	(82	)
Total income tax expense	$	1,507		2,848		3,685

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

Income tax expense (benefit) consists of:

	Years Ended December 31,
	2012			2011		2010
				(As adjusted)		(As adjusted)
	(In thousands)
Current	$	3,666		4,624		3,492
Deferred	(2,159		)	(1,776	)	193
Total income tax expense	$	1,507		2,848		3,685

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The components of deferred federal income taxes are as follows:

	Years Ended December 31,
	2012			2011
				(As adjusted)
	(In thousands)
Deferred tax assets:
Future policy benefit reserves	$	34,785		30,842
Net operating and capital loss carryforwards	3,098			3,751
Due and accrued dividends and expenses	1,324			1,274
Investments	308			433
State income tax credits	131			135
Other	542			190
Total gross deferred tax assets	40,188			36,625
Valuation allowance	—			—
Total gross deferred tax assets net of valuation allowance	40,188			36,625
Deferred tax liabilities:
Deferred policy acquisition costs, cost of customer relationships acquired and intangible assets	(40,844		)	(39,279	)
Unrealized gains on investments available-for-sale	(16,023		)	(10,494	)
Other	(622		)	(792	)
Total gross deferred tax liabilities	(57,489		)	(50,565	)
Net deferred tax liability	$	(17,301	)	(13,940	)

Change in deferred tax liability [Table Text Block]

A summary of the changes in the components of deferred federal and state income taxes is as follows:

	At December 31,
	2012			2011
				(As adjusted)
	(In thousands)
Deferred federal and state income taxes:
Balance January 1,	$	(13,940	)	(5,237	)
Deferred tax benefit (expense)	1,971			1,206
Investments available-for-sale	(5,529		)	(10,219	)
Effects of unrealized gains on CCRA and DAC	197			310
Balance December 31,	$	(17,301	)	(13,940	)