Investments (Tables)

9 Months Ended

Sep. 30, 2015

Investments Debt And Equity Securities [Abstract]

Summary of Company's Investment Securities

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

			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
September 30, 2015	Cost		Gains		Losses			Value
U.S. government and agencies	$	13,037	$	277	$	—		$	13,314
State		698		5		—			703
Political subdivisions		499		—		—			499
Revenue and assessment		12,544		936		—			13,480
Corporate bonds		84,579		2,279		(669	)		86,189
Collateralized mortgage obligations:
Agency backed		1,734		93		—			1,827
Non-agency backed – residential		3,054		618		(2	)		3,670
Non-agency backed – commercial		2,009		610	—				2,619
Total fixed maturities, available-for-sale		118,154		4,818		(671	)		122,301
Preferred stock, available-for-sale		1,500		227		—			1,727
Mutual funds, available-for-sale		11,960		49		(292	)		11,717
	$	131,614	$	5,094	$	(963	)	$	135,745

			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
December 31, 2014	Cost		Gains		Losses			Value
U.S. government and agencies	$	8,039	$	277	$	(26	)	$	8,290
State		698		27		—			725
Political subdivisions		500		6		—			506
Revenue and assessment		14,856		1,522		(18	)		16,360
Corporate bonds		73,051		2,698		(630	)		75,119
Collateralized mortgage obligations:
Agency backed		4,647		160		—			4,807
Non-agency backed – residential		3,513		624		—			4,137
Non-agency backed – commercial		2,414		664		—			3,078
Total fixed maturities, available-for-sale		107,718		5,978		(674	)		113,022
Preferred stock, available-for-sale		1,500		267		—			1,767
Mutual funds, available-for-sale		9,901		403		(8	)		10,296
	$	119,119	$	6,648	$	(682	)	$	125,085

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

The following table sets 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.

					Securities
	Securities		Securities		with No		All
	with		with		Unrealized		Fixed
	Unrealized		Unrealized		Gains or		Maturity
September 30, 2015	Gains		Losses		Losses		Securities
One year or less	$	11,067	$	—	$	—	$	11,067
After one through five years		24,166		8,770		—		32,936
After five through ten years		29,276		30,152		500		59,928
After ten years		10,254		—		—		10,254
No single maturity date		7,922		194		—		8,116
	$	82,685	$	39,116	$	500	$	122,301

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
	Less than		Greater		Gross
	or equal to		than 12		Unrealized
At:	12 months		months		Gains
September 30, 2015		18		4		79
December 31, 2014		9		9		80

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).

	Number				Gross
Gross Unrealized Losses	of		Fair		Unrealized
at September 30, 2015:	Securities		Value		Losses
Less than or equal to 10%		4	$	7,796		(165	)
Greater than 10%		—		—		—
		4	$	7,796	$	(165	)

	Number				Gross
Gross Unrealized Losses	of		Fair		Unrealized
at December 31, 2014:	Securities		Value		Losses
Less than or equal to 10%		9	$	20,567	$	(592	)
Greater than 10%		—		—		—
		9	$	20,567	$	(592	)

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
Length of	Gross		Gross			Severity of Gross Unrealized Losses
Gross Unrealized Losses	Unrealized		Unrealized			Less			5% to			Greater
at September 30, 2015:	Losses		Losses			than 5%				10%		than 10%
Less than or equal to:
Three months	$	14,736	$	(180	)	$	(180	)	$	—		$	—
Six months		18,036		(379	)		(254	)		(124	)		(1	)
Nine months		7,857		(239	)		(239	)		—			—
Twelve months		—		—			—			—			—
Greater than twelve months		7,796		(165	)		(165	)		—			—
Total	$	48,425	$	(963	)	$	(838	)	$	(124	)	$	(1	)

	Fair Value of
	Securities with
Length of	Gross		Gross			Severity of Gross Unrealized Losses
Gross Unrealized Losses	Unrealized		Unrealized			Less			5% to		Greater
at December 31, 2014:	Losses		Losses			than 5%				10%	than 10%
Less than or equal to:
Three months	$	17,505	$	(90	)	$	(90	)	$	—	$	—
Six months		—		—			—			—		—
Nine months		—		—			—			—		—
Twelve months		—		—			—			—		—
Greater than twelve months		20,567		(592	)		(592	)		—		—
Total	$	38,072	$	(682	)	$	(682	)	$	—	$	—

Major Categories of Investment Income

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

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2015			2014			2015			2014
Fixed maturities, available-for-sale	$	1,077		$	1,089		$	3,131		$	3,442
Mutual funds, available-for-sale		164			151			457			458
Other investments		(27	)		(29	)		301			248
Other		56			54			174			156
Investment expenses		(126	)		(123	)		(368	)		(368	)
	$	1,144		$	1,142		$	3,695		$	3,936

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

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

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2015			2014			2015			2014
Gains	$	-		$	-		$	3		$	85
Losses		(6	)		(4	)		(16	)		(49	)
	$	(6	)	$	(4	)	$	(13	)	$	36