Fair Value (Tables)

6 Months Ended

Jun. 30, 2012

Fair Value [Abstract]

Presentation of carrying values and fair values of certain of the Company's financial instruments

The carrying values and fair values of certain of the Company’s financial instruments were as follows (in thousands).

	June 30, 2012				December 31, 2011
	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets:
Investments, available-for-sale	$	161,861	$	161,861	$	172,825	$	172,825
Liabilities:
Debentures payable		41,240		13,794		41,240		14,868

Presentation of fair-value measurements for each major category of assets measured on a recurring basis

The Company holds available-for-sale investments, which are carried at fair value. The following tables present the fair-value measurements for each major category of assets that are measured on a recurring basis (in thousands).

			Fair Value Measurements Using
June 30, 2012	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Fixed maturities, available-for-sale:
U.S. government and agencies	$	23,418	$	23,418	$	—	$	—
State		5,204		—		5,204		—
Political subdivisions		798		—		798		—
Revenue and assessment		23,606		—		23,606		—
Corporate bonds		73,955		—		73,955		—
Collateralized mortgage obligations:
Agency backed		14,441		—		14,441		—
Non-agency backed – residential		5,362		—		5,362		—
Non-agency backed – commercial		5,320		—		5,320		—
Redeemable preferred stocks		1,880		1,880		—		—
Total fixed maturities, available-for-sale		153,984		25,298		128,686		—
Investment in mutual fund, available-for-sale		7,877		7,877		—		—
Total investments, available-for-sale		161,861		33,175		128,686		—
Cash and cash equivalents		31,802		31,802		—		—
Total	$	193,663	$	64,977	$	128,686	$	—

			Fair Value Measurements Using
December 31, 2011	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Fixed maturities, available-for-sale:
U.S. government and agencies	$	25,528	$	25,528	$	—	$	—
State		6,387		—		6,387		—
Political subdivisions		781		—		781		—
Revenue and assessment		25,432		—		25,432		—
Corporate bonds		77,297		—		77,297		—
Collateralized mortgage obligations:				—				—
Agency backed		18,133		—		18,133		—
Non-agency backed – residential		5,429		—		5,429		—
Non-agency backed – commercial		6,125		—		6,125		—
Redeemable preferred stock		169		169		—		—
Total fixed maturities, available-for-sale		165,281		25,697		139,584		—
Investment in mutual fund, available-for-sale		7,544		7,544		—		—
Total investments, available-for-sale		172,825		33,241		139,584		—
Cash and cash equivalents		23,751		23,751		—		—
Total	$	196,576	$	56,992	$	139,584	$	—