Fair Value (Tables)

9 Months Ended

Sep. 30, 2015

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, 2015				December 31, 2014
	Carrying		Fair		Carrying		Fair
	Value		Value		Value		Value
Assets:
Investments, available-for-sale	$	135,745	$	135,745	$	125,085	$	125,085
Other investments		12,087		12,087		10,530		10,530
Liabilities:
Debentures payable		40,245		20,896		40,211		19,606
Term loan from principal stockholder		29,747		31,128		-		-

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

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
			Quoted Prices		Significant
			in Active		Other		Significant		Proportionate
			Markets for		Observable		Unobservable		Share of
			Identical Assets		Inputs		Inputs		Net Assets
September 30, 2015	Total		(Level 1)		(Level 2)		(Level 3)		(NAV)
Fixed maturities, available-for-sale:
U.S. government and agencies	$	13,314	$	13,314	$	—	$	—	$	—
State		703		—		703		—		—
Political subdivisions		499		—		499		—		—
Revenue and assessment		13,480		—		13,480		—		—
Corporate bonds		86,189		—		86,189		—		—
Collateralized mortgage obligations:
Agency backed		1,827		—		1,827		—		—
Non-agency backed – residential		3,670		—		3,670		—		—
Non-agency backed – commercial		2,619		—		2,619		—		—
Total fixed maturities, available-for-sale		122,301		13,314		108,987		—		—
Preferred stock, available-for-sale		1,727		1,727		—		—		—
Mutual funds, available-for-sale		11,717		11,717		—		—		—
Total investments, available-for-sale		135,745		26,758		108,987		—		—
Other investments		12,087		—		—		2,692		9,395
Cash and cash equivalents		107,207		107,207		—		—		—
Total	$	255,039	$	133,965	$	108,987	$	2,692	$	9,395

			Fair Value Measurements Using
			Quoted Prices		Significant
			in Active		Other		Significant		Proportionate
			Markets for		Observable		Unobservable		Share of
			Identical Assets		Inputs		Inputs		Net Assets
December 31, 2014	Total		(Level 1)		(Level 2)		(Level 3)		(NAV)
Fixed maturities, available-for-sale:
U.S. government and agencies	$	8,290	$	8,290	$	—	$	—	$	—
State		725		—		725		—		—
Political subdivisions		506		—		506		—		—
Revenue and assessment		16,360		—		16,360		—		—
Corporate bonds		75,119		—		75,119		—		—
Collateralized mortgage obligations:
Agency backed		4,807		—		4,807		—		—
Non-agency backed – residential		4,137		—		4,137		—		—
Non-agency backed – commercial		3,078		—		3,078		—		—
Total fixed maturities, available-for-sale		113,022		8,290		104,732		—		—
Preferred stock, available-for-sale		1,767		1,767		—		—		—
Mutual funds, available-for-sale		10,296		10,296	—			—		—
Total investments, available-for-sale		125,085		20,353		104,732		—		—
Other investment		10,530		—		—		947		9,583
Cash and cash equivalents		102,429		102,429		—		—		—
Total	$	238,044	$	122,782	$	104,732	$	947	$	9,583

Quantitative Disclosure for Assets Classified as Level 3

The following table represents the quantitative disclosure for the asset classified as Level 3 during the nine months ended September 30, 2015 (in thousands).

	Fair Value
	Measurements Using
	Significant Unobservable
	Inputs (Level 3)
	Common Stock
	at Fair Value
Balance at December 31, 2014	$	947
Gains included in net income		—
Gains included in comprehensive income		95
Investments and capital calls		1,650
Distributions received		—
Transfers into and out of Level 3		—
Balance at September 30, 2015	$	2,692