Investments (Tables)

12 Months Ended

Dec. 31, 2013

Investments Debt And Equity Securities [Abstract]

Summary of Company's Investment Securities

The following tables summarize the Company’s investment securities (in thousands).

December 31, 2013	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. government and agencies	$	12,006	$	495	$	(16	)	$	12,485
State		697		39		—			736
Political subdivisions		601		11		—			612
Revenue and assessment		14,050		619		(11	)		14,658
Corporate bonds		73,461		2,127		(2,263	)		73,325
Collateralized mortgage obligations:
Agency backed		7,113		401		—			7,514
Non-agency backed – residential		4,181		480		(1	)		4,660
Non-agency backed – commercial		3,363		580		—			3,943
Redeemable preferred stock		1,500		78		—			1,578
Total fixed maturities, available-for-sale		116,972		4,830		(2,291	)		119,511
Mutual funds, available-for-sale		9,901		836		—			10,737
	$	126,873	$	5,666	$	(2,291	)	$	130,248

December 31, 2012	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. government and agencies	$	11,202	$	908	$	—		$	12,110
State		3,994		117		—			4,111
Political subdivisions		753		37		—			790
Revenue and assessment		16,449		1,553		(6	)		17,996
Corporate bonds		68,114		3,669		(246	)		71,537
Collateralized mortgage obligations:
Agency backed		11,079		791		—			11,870
Non-agency backed – residential		5,098		472		(98	)		5,472
Non-agency backed – commercial		4,652		457		—			5,109
Redeemable preferred stock		1,500		218		—			1,718
Total fixed maturities, available-for-sale		122,841		8,222		(350	)		130,713
Mutual fund, available-for-sale		7,501		832		—			8,333
	$	130,342	$	9,054	$	(350	)	$	139,046

Scheduled Maturities of the Company's Fixed Maturity Securities Based on their Fair Values

The following tables set forth the scheduled maturities of the Company’s fixed maturity securities based on their fair values (in thousands). Actual maturities may differ from contractual maturities because certain securities may be called or prepaid by the issuers.

December 31, 2013	Securities with Unrealized Gains		Securities with Unrealized Losses		Securities with No Unrealized Gains or Losses		All Fixed Maturity Securities
One year or less	$	14,305	$	—	$	—	$	14,305
After one through five years		25,667		10,888		—		36,555
After five through ten years		20,445		22,836		—		43,281
After ten years		3,667		4,008		—		7,675
No single maturity date		17,506		189		—		17,695
	$	81,590	$	37,921	$	—	$	119,511

December 31, 2012	Securities with Unrealized Gains		Securities with Unrealized Losses		Securities with No Unrealized Gains or Losses		All Fixed Maturity Securities
One year or less	$	9,380	$	—	$	5	$	9,385
After one through five years		34,460		11,518		—		45,978
After five through ten years		25,230		15,181		—		40,411
After ten years		10,770		—		—		10,770
No single maturity date		23,833		336		—		24,169
	$	103,673	$	27,035	$	5	$	130,713

Fair Value and Gross Unrealized Losses of Investments, Available-for-Sale, by the Length of Time

The fair value and gross unrealized losses of investments, available-for-sale, by the length of time that individual securities have been in a continuous unrealized loss position follows (in thousands).

	Less than 12 months					12 months or longer					Total Gross Unrealized Losses
December 31, 2013	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
U.S. government and agencies	$	988	$	(16	)	$	—	$	—		$	(16	)
State		—		—			—		—			—
Political subdivisions		—		—			—		—			—
Revenue and assessment		983		(11	)		—		—			(11	)
Corporate bonds		21,781		(993	)		13,980		(1,270	)		(2,263	)
Collateralized mortgage obligations:
Agency backed		—		—			—		—			—
Non-agency backed – residential		189		(1	)		—		—			(1	)
Non-agency backed – commercial		—		—			—		—			—
Redeemable preferred stock		—		—			—		—			—
Total fixed maturities, available-for-sale		23,941		(1,021	)		13,980		(1,270	)		(2,291	)
Mutual fund, available-for-sale		—		—			—		—			—
	$	23,941	$	(1,021	)	$	13,980	$	(1,270	)	$	(2,291	)

	Less than 12 months					12 months or longer					Total Gross Unrealized Losses
December 31, 2012	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
U.S. government and agencies	$	—	$	—		$	—	$	—		$	—
State		—		—			—		—			—
Political subdivisions		—		—			—		—			—
Revenue and assessment		702		(6	)		—		—			(6	)
Corporate bonds		25,997		(246	)		—		—			(246	)
Collateralized mortgage obligations:
Agency backed		—		—			—		—			—
Non-agency backed – residential		124		(20	)		212		(78	)		(98	)
Non-agency backed – commercial		—		—			—		—			—
Redeemable preferred stock		—		—			—		—			—
Total fixed maturities, available-for-sale		26,823		(272	)		212		(78	)		(350	)
Mutual fund, available-for-sale		—		—			—		—			—
	$	26,823	$	(272	)	$	212	$	(78	)	$	(350	)

Number of Fixed Maturity Securities with Gross Unrealized Gains and Losses

The following table reflects the number of fixed maturity securities with gross unrealized gains and losses. Gross unrealized losses are further segregated by the length of time that individual securities have been in a continuous unrealized loss position.

	Gross Unrealized Losses				Gross Unrealized Gains
At:	Less than or equal to 12 months		Greater than 12 months
December 31, 2013		12		7		83
December 31, 2012		13		1		108

Fair Value and Gross Unrealized Losses of Fixed Maturity Securities in Continuous Unrealized Loss Position for Greater than 12 Months

The following tables reflect the fair value and gross unrealized losses of those fixed maturity securities in a continuous unrealized loss position for greater than 12 months. Gross unrealized losses are further segregated by the percentage of amortized cost (in thousands, except number of securities).

Gross Unrealized Losses at December 31, 2013:	Number of Securities		Fair Value		Gross Unrealized Losses
Less than or equal to 10%		7	$	13,980	$	(1,270	)
Greater than 10%		—		—		—
		7	$	13,980	$	(1,270	)
Gross Unrealized Losses at December 31, 2012:	Number of Securities		Fair Value		Gross Unrealized Losses
Less than or equal to 10%		—	$	—	$	—
Greater than 10%		1		212		(78	)
		1	$	212	$	(78	)

Gross Unrealized Losses by Current Severity and Length of Time that Individual Securities have been in Continuous Unrealized Loss Position

The following tables set forth the amount of gross unrealized losses by current severity (as compared to amortized cost) and length of time that individual securities have been in a continuous unrealized loss position (in thousands).

	Fair Value of Securities with Gross Unrealized Losses		Gross Unrealized Losses			Severity of Gross Unrealized Losses
Length of Gross Unrealized Losses at December 31, 2013:						Less than 5%			5% to 10%			Greater than 10%
Less than or equal to:
Three months	$	6,417	$	(40	)	$	(40	)	$	—		$	—
Six months		1,653		(129	)		—			(129	)		—
Nine months		15,871		(852	)		(153	)		(699	)		—
Twelve months		—		—			—			—			—
Greater than twelve months		13,980		(1,270	)		(85	)		(1,185	)		—
Total	$	37,921	$	(2,291	)	$	(278	)	$	(2,013	)	$	—

	Fair Value of Securities with Gross Unrealized Losses		Gross Unrealized Losses			Severity of Gross Unrealized Losses
Length of Gross Unrealized Losses at December 31, 2012:						Less than 5%			5% to 10%		Greater than 10%
Less than or equal to:
Three months	$	26,121	$	(266	)	$	(246	)	$	—	$	(20	)
Six months		—		—			—			—		—
Nine months		—		—			—			—		—
Twelve months		702		(6	)		(6	)		—		—
Greater than twelve months		212		(78	)		—			—		(78	)
Total	$	27,035	$	(350	)	$	(252	)	$	—	$	(98	)

Major Categories of Investment Income

The major categories of investment income follow (in thousands).

	Year Ended December 31,						Six Months Ended December 31,			Year Ended June 30,
	2013			2012			2011			2011
Fixed maturities, available-for-sale	$	5,037		$	6,513		$	3,897		$	8,296
Mutual funds, available-for-sale		766			613			290			625
Limited partnership interests		200			—			—			—
Equity in earnings of limited partnership interest		199			—			—			—
Other		90			92			59			125
Investment expenses		(576	)		(619	)		(316	)		(651	)
	$	5,716		$	6,599		$	3,930		$	8,395

Components of Net Realized Gains (Losses) on Investments, Available-For-Sale at Fair Value

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

	Year Ended December 31,						Six Months Ended December 31,			Year Ended June 30,
	2013			2012			2011			2011
Gains	$	100		$	3,296		$	15		$	231
Losses		(68	)		(31	)		(120	)		(3	)
Other-than-temporary impairment		(61	)		(23	)		(127	)		(413	)
	$	(29	)	$	3,242		$	(232	)	$	(185	)

Number and Amount of Securities for which Company has Recognized OTTI Charges in Net Income (Loss)

The number and amount of securities for which the Company has recognized OTTI charges in net income (loss) are presented in the following tables (in thousands, except for the number of securities).

	Year Ended December 2013,										Six Months Ended December 31 2011					Year Ended June 30, 2011
	2013					2012
	Number of Securities		OTTI			Number of Securities		OTTI			Number of Securities		OTTI			Number of Securities		OTTI
Collateralized mortgage obligations:
Non-agency backed – residential		1	$	(61	)		2	$	(8	)		3	$	(127	)		5	$	(119	)
Non-agency backed – commercial		—		—			1		(15	)		1		(12	)		5		(296	)
		1		(61	)		3		(23	)		4		(139	)		10		(415	)
Portion of loss recognized in accumulated other comprehensive income (loss)				—					—					12					2
Net OTTI recognized in net income (loss)			$	(61	)			$	(23	)			$	(127	)			$	(413	)

Progression of Credit-Related Portion of OTTI on Investments

The following is a progression of the credit-related portion of OTTI on investments owned at December 31, 2013, 2012 and 2011and June 30, 2011 (in thousands).

							Six Months Ended December 31, 2011			Year Ended June 30, 2011
	Year Ended December 31,
	2013			2012
Beginning balance	$	(2,666	)	$	(3,425	)	$	(3,343	)	$	(3,301	)
Additional credit impairments on:
Previously impaired securities		(61	)		(23	)		(127	)		(413	)
Securities without previous impairments		—			—			—			—
		(61	)		(23	)		(127	)		(413	)
Reductions for securities sold (realized)		95			782			45			371
	$	(2,632	)	$	(2,666	)	$	(3,425	)	$	(3,343	)