Investments (Tables)

9 Months Ended

Sep. 30, 2012

Investments [Abstract]

Summarize the Company's investment securities

September 30, 2012	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. government and agencies	$	17,202	$	1,000	$	—		$	18,202
State		3,997		160		—			4,157
Political subdivisions		753		42		—			795
Revenue and assessment		19,652		1,593		(7	)		21,238
Corporate bonds		44,232		3,945		—			48,177
Collateralized mortgage obligations:
Agency backed		12,242		934		—			13,176
Non-agency backed – residential		5,232		438		(115	)		5,555
Non-agency backed – commercial		4,904		405		—			5,309
Redeemable preferred stock		1,500		246		—			1,746
Total fixed maturities, available-for-sale		109,714		8,763		(122	)		118,355
Investment in mutual fund, available-for-sale		7,501		683		—			8,184
	$	117,215	$	9,446	$	(122	)	$	126,539
December 31, 2011	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. government and agencies	$	24,178	$	1,350	$	—		$	25,528
State		6,099		288		—			6,387
Political subdivisions		754		27		—			781
Revenue and assessment		24,130		1,302		—			25,432
Corporate bonds		71,392		6,113		(208	)		77,297
Collateralized mortgage obligations:
Agency backed		16,953		1,180		—			18,133
Non-agency backed – residential		5,530		66		(167	)		5,429
Non-agency backed – commercial		5,862		275		(12	)		6,125
Redeemable preferred stock		176		—		(7	)		169
Total fixed maturities, available-for-sale		155,074		10,601		(394	)		165,281
Investment in mutual fund, available-for-sale		7,501		43		—			7,544
	$	162,575	$	10,644	$	(394	)	$	172,825

The scheduled maturities of the Company's fixed maturity securities based on their fair values

September 30, 2012	Securities with Unrealized Gains		Securities with Unrealized Losses		Securities with No Unrealized Gains or Losses		All Fixed Maturity Securities
One year or less	$	21,862	$	—	$	—	$	21,862
After one through five years		35,154		702		—		35,856
After five through ten years		24,151		—		—		24,151
After ten years		10,700		—		—		10,700
No single maturity date		25,461		325		—		25,786
	$	117,328	$	1,027	$	—	$	118,355
December 31, 2011	Securities with Unrealized Gains		Securities with Unrealized Losses		Securities with No Unrealized Gains or Losses		All Fixed Maturity Securities
One year or less	$	15,801	$	2,506	$	955	$	19,262
After one through five years		61,511		—		—		61,511
After five through ten years		42,997		689		—		43,686
After ten years		7,860		3,106		—		10,966
No single maturity date		26,623		2,168		1,065		29,856
	$	154,792	$	8,469	$	2,020	$	165,281

Number of fixed maturity securities with gross unrealized gains and losses

	Gross Unrealized Losses				Gross Unrealized Gains
At:	Less than or equal to 12 months		Greater than 12 months
September 30, 2012		2		1		116
December 31, 2011		7		4		139

Fair value and gross unrealized losses of fixed maturity securities in a continuous unrealized loss position for greater than 12 months

Gross Unrealized Losses at September 30, 2012:	Number of Securities		Fair Value		Gross Unrealized Losses
Less than or equal to 10%		—	$	—	$	—
Greater than 10%		1		200		(94	)
		1	$	200	$	(94	)
Gross Unrealized Losses at December 31, 2011:	Number of Securities		Fair Value		Gross Unrealized Losses
Less than or equal to 10%		3	$	2,760	$	(92	)
Greater than 10%		1		191		(110	)
		4	$	2,951	$	(202	)

Gross unrealized losses by current severity and length of time that individual securities have been in a continuous unrealized loss position

	Fair Value of
	Securities with					Severity of Gross Unrealized Losses
Length of Gross Unrealized Losses at September 30, 2012:	Gross Unrealized Losses		Gross Unrealized Losses			Less than 5%			5% to 10%			Greater than 10%
Less than or equal to:
Three months	$	125	$	(21	)	$	—		$	—		$	(21	)
Six months		—		—			—			—			—
Nine months		702		(7	)		(7	)		—			—
Twelve months		—		—			—			—			—
Greater than twelve months		200		(94	)		—			—			(94	)
Total	$	1,027	$	(122	)	$	(7	)	$	—		$	(115	)
	Fair Value of
	Securities with					Severity of Gross Unrealized Losses
Length of Gross Unrealized Losses at December 31, 2011:	Gross Unrealized Losses		Gross Unrealized Losses			Less than 5%			5% to 10%			Greater than 10%
Less than or equal to:
Three months	$	2,506	$	—		$	—		$	—		$	—
Six months		1,945		(174	)		—			(174	)		—
Nine months		898		(11	)		(11	)		—			—
Twelve months		169		(7	)		(7	)		—			—
Greater than twelve months		2,951		(202	)		(45	)		(47	)		(110	)
Total	$	8,469	$	(394	)	$	(63	)	$	(221	)	$	(110	)

Major categories of investment income

	Three Months  Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Fixed maturities, available-for-sale	$	1,629		$	2,002		$	5,136		$	6,097
Investment in mutual fund, available-for-sale		144			150			420			452
Other		10			29			77			89
Investment expenses		(159	)		(160	)		(477	)		(483	)
	$	1,624		$	2,021		$	5,156		$	6,155

The components of net realized gains (losses) on investments, available-for-sale at fair value

	Three Months  Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Gains	$	3,242		$	7		$	3,274		$	157
Losses		(22	)		(33	)		(31	)		(35	)
Other-than-temporary impairment		(7	)		(31	)		(23	)		(108	)
	$	3,213		$	(57	)	$	3,220		$	14

The number and amount of securities for which the Company has recognized OTTI charges in net loss

	Three Months Ended September 30,
	2012					2011
	Number of Securities		OTTI			Number of Securities		OTTI
Collateralized mortgage obligations:
Non-agency backed – residential		1	$	(7	)		2	$	(31	)
Non-agency backed – commercial		—		—			—		—
		1		(7	)		2		(31	)
Portion of loss recognized in accumulated other comprehensive income (loss)				—					—
Net OTTI recognized in net income (loss)			$	(7	)			$	(31	)
	Nine Months Ended September 30,
	2012					2011
	Number of Securities		OTTI			Number of Securities		OTTI
Collateralized mortgage obligations:
Non-agency backed – residential		2	$	(8	)		2	$	(108	)
Non-agency backed – commercial		1		(15	)		—		—
		3		(23	)		2		(108	)
Portion of loss recognized in accumulated other comprehensive income (loss)				—					—
Net OTTI recognized in net income (loss)			$	(23	)			$	(108	)

Progression of the credit-related portion of OTTI on investments

	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Beginning balance	$	(3,441	)	$	(3,343	)	$	(3,425	)	$	(3,590	)
Additional credit impairments on:
Previously impaired securities		(7	)		(31	)		(23	)		(108	)
Securities without previous impairments		—			—			—			—
		(7	)		(31	)		(23	)		(108	)
Reductions for securities sold (realized)		—			45			—			369
	$	(3,448	)	$	(3,329	)	$	(3,448	)	$	(3,329	)