Fair Value (Tables)

9 Months Ended

Sep. 30, 2013

Fair Value Disclosures [Abstract]

Presentation of Carrying Values and Fair Values of Certain of Company's Financial Instruments

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

	September 30, 2013				December 31, 2012
	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets:
Investments, available-for-sale	$	135,428	$	135,428	$	139,046	$	139,046
Limited partnership interests		2,444		2,444		—		—
Liabilities:
Debentures payable		40,291		12,587		40,261		12,723

Presentation of Fair-Value Measurements for Each Major Category of Assets Measured on Recurring Basis

The Company holds available-for-sale investments and limited partnership interests, 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
September 30, 2013	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	$	11,596	$	11,596	$	—	$	—
State		724		—		724		—
Political subdivisions		1,668		—		1,668		—
Revenue and assessment		16,072		—		16,072		—
Corporate bonds		75,693		—		75,693		—
Collateralized mortgage obligations:
Agency backed		6,242		—		6,242		—
Non-agency backed – residential		6,383		—		6,383		—
Non-agency backed – commercial		4,801		—		4,801		—
Redeemable preferred stocks		1,559		1,559		—		—
Total fixed maturities, available-for-sale		124,738		13,155		111,583		—
Mutual funds, available-for-sale		10,690		10,690		—		—
Total investments, available-for-sale		135,428		23,845		111,583		—
Limited partnership interests		2,444		—		—		2,444
Cash and cash equivalents		65,506		65,506		—		—
Total	$	203,378	$	89,351	$	111,583	$	2,444

			Fair Value Measurements Using
December 31, 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	$	12,110	$	12,110	$	—	$	—
State		4,111		—		4,111		—
Political subdivisions		790		—		790		—
Revenue and assessment		17,996		—		17,996		—
Corporate bonds		71,537		—		71,537		—
Collateralized mortgage obligations:
Agency backed		11,870		—		11,870		—
Non-agency backed – residential		5,472		—		5,472		—
Non-agency backed – commercial		5,109		—		5,109		—
Redeemable preferred stock		1,718		1,718		—		—
Total fixed maturities, available-for-sale		130,713		13,828		116,885		—
Mutual fund, available-for-sale		8,333		8,333		—		—
Total investments, available-for-sale		139,046		22,161		116,885		—
Cash and cash equivalents		59,104		59,104		—		—
Total	$	198,150	$	81,265	$	116,885	$	—