XML 60 R34.htm IDEA: XBRL DOCUMENT v2.4.0.8
Fair Value of Financial Instruments (Details 1) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Financial Assets    
Beginning balance $ 109,535 $ 131,509
Transfers into Level 3 17,164 [1] 16,044 [1]
Transfers out of Level 3 (519) [1] (33,678) [1]
Total gains or losses    
Net realized gains (losses) included in net income 0 0
Net unrealized gains (losses) included in other comprehensive income 1,296 (1,048)
Purchases 0 0
Issuances 0 0
Sales 0 0
Settlements 0 0
Paydowns, maturities and distributions (1,936) (8,731)
Ending balance 125,540 104,096
Financial Liabilities    
Beginning balance 0 [2] 0 [2]
Transfers into Level 3 0 [1],[2] 0 [1],[2]
Transfers out of Level 3 0 [1],[2] 0 [1],[2]
Gain Or Losses Net [Abstract]    
Net realized gains (losses) included in net income 0 [2] 0 [2]
Net unrealized gains (losses) included in other comprehensive income 0 [2] 0 [2]
Purchases 0 [2] 0 [2]
Issuances 2,747 [2] 0 [2]
Sales 0 [2] 0 [2]
Settlements 0 [2] 0 [2]
Paydowns, maturities and distributions 0 [2] 0 [2]
Ending balance 2,747 [2] 0 [2]
Municipal bonds [Member]
   
Financial Assets    
Beginning balance 2,694 12,275
Transfers into Level 3 10,055 [1] 2,907 [1]
Transfers out of Level 3 0 [1] 0 [1]
Total gains or losses    
Net realized gains (losses) included in net income 0 0
Net unrealized gains (losses) included in other comprehensive income 98 (36)
Purchases 0 0
Issuances 0 0
Sales 0 0
Settlements 0 0
Paydowns, maturities and distributions (68) 0
Ending balance 12,779 15,146
Corporate bonds [Member]
   
Financial Assets    
Beginning balance 60,826 85,722
Transfers into Level 3 0 [1] 4,671 [1]
Transfers out of Level 3 0 [1] (33,678) [1]
Total gains or losses    
Net realized gains (losses) included in net income 0 0
Net unrealized gains (losses) included in other comprehensive income 1,014 (885)
Purchases 0 0
Issuances 0 0
Sales 0 0
Settlements 0 0
Paydowns, maturities and distributions (1,636) (303)
Ending balance 60,204 55,527
Other mortgage-backed securities [Member]
   
Financial Assets    
Beginning balance 46,009 33,172
Transfers into Level 3 7,109 [1] 8,466 [1]
Transfers out of Level 3 (519) [1] 0 [1]
Total gains or losses    
Net realized gains (losses) included in net income 0 0
Net unrealized gains (losses) included in other comprehensive income 184 (127)
Purchases 0 0
Issuances 0 0
Sales 0 0
Settlements 0 0
Paydowns, maturities and distributions (232) (8,428)
Ending balance 52,551 33,083
Total Fixed Maturities [Member]
   
Financial Assets    
Beginning balance 109,529 131,169
Transfers into Level 3 17,164 [1] 16,044 [1]
Transfers out of Level 3 (519) [1] (33,678) [1]
Total gains or losses    
Net realized gains (losses) included in net income 0 0
Net unrealized gains (losses) included in other comprehensive income 1,296 (1,048)
Purchases 0 0
Issuances 0 0
Sales 0 0
Settlements 0 0
Paydowns, maturities and distributions (1,936) (8,731)
Ending balance 125,534 103,756
Equity securities [Member]
   
Financial Assets    
Beginning balance 6 340
Transfers into Level 3 0 [1] 0 [1]
Transfers out of Level 3 0 [1] 0 [1]
Total gains or losses    
Net realized gains (losses) included in net income 0 0
Net unrealized gains (losses) included in other comprehensive income 0 0
Purchases 0 0
Issuances 0 0
Sales 0 0
Settlements 0 0
Paydowns, maturities and distributions 0 0
Ending balance $ 6 $ 340
[1] Transfers into and out of Level 3 during the periods ended March 31, 2014 and 2013 were attributable to changes in the availability of observable market information for individual fixed maturity securities. The Company’s policy is to recognize transfers into and transfers out of the levels as having occurred at the end of the reporting period in which the transfers were determined.
[2] Represents embedded derivatives, all related to the Company’s FIA products, reported in Other Policyholder Funds in the Company’s Consolidated Balance Sheets.