Investments (Tables)

3 Months Ended

Mar. 31, 2016

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
March 31, 2016	Cost		Gains		Losses			Value
U.S. government and agencies	$	13,036	$	330	$	—		$	13,366
State		698		5		—			703
Political subdivisions		4,323		51		—			4,374
Revenue and assessment		10,117		1,161		—			11,278
Corporate bonds		78,181		3,480		(63	)		81,598
Collateralized mortgage obligations:
Agency backed		782		85		—			867
Non-agency backed – residential		2,750		491		(11	)		3,230
Non-agency backed – commercial		1,673		452	—				2,125
Total fixed maturities, available-for-sale		111,560		6,055		(74	)		117,541
Preferred stock, available-for-sale		1,500		265		—			1,765
Mutual funds, available-for-sale		11,959		176		(543	)		11,592
	$	125,019	$	6,496	$	(617	)	$	130,898

			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
December 31, 2015	Cost		Gains		Losses			Value
U.S. government and agencies	$	13,036	$	162	$	(85	)	$	13,113
State		698		4		—			702
Political subdivisions		4,354		9		—			4,363
Revenue and assessment		11,770		895		(21	)		12,644
Corporate bonds		79,426		2,022		(663	)		80,785
Collateralized mortgage obligations:
Agency backed		793		80		—			873
Non-agency backed – residential		2,877		579		(1	)		3,455
Non-agency backed – commercial		1,891		616		—			2,507
Total fixed maturities, available-for-sale		114,845		4,367		(770	)		118,442
Preferred stock, available-for-sale		1,500		223		—			1,723
Mutual funds, available-for-sale		11,959		120		(662	)		11,417
	$	128,304	$	4,710	$	(1,432	)	$	131,582

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
March 31, 2016	Gains		Losses		Losses		Securities
One year or less	$	2,477	$	—	$	1,025	$	3,502
After one through five years		27,586		7,823		—		35,409
After five through ten years		63,765		—		—		63,765
After ten years		8,643		—		—		8,643
No single maturity date		5,918		304		—		6,222
	$	108,389	$	8,127	$	1,025	$	117,541

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
March 31, 2016		7		2		83
December 31, 2015		21		4		70

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 March 31, 2016:	Securities		Value		Losses
Less than or equal to 10%		2	$	4,272		(34	)
Greater than 10%		—		—		—
		2	$	4,272	$	(34	)

	Number				Gross
Gross Unrealized Losses	of		Fair		Unrealized
at December 31, 2015:	Securities		Value		Losses
Less than or equal to 10%		4	$	7,689	$	(241	)
Greater than 10%		—		—		—
		4	$	7,689	$	(241	)

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 March 31, 2016:	Losses		Losses			than 5%				10%		than 10%
Less than or equal to:
Three months	$	400	$	(9	)	$	—		$	(9	)	$	—
Six months		—		—			—			—			—
Nine months		7,150		(351	)		(351	)		—			—
Twelve months		5,362		(223	)		(29	)		(192	)		(2	)
Greater than twelve months		4,272		(34	)		(34	)		—			—
Total	$	17,184	$	(617	)	$	(414	)	$	(201	)	$	(2	)

	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, 2015:	Losses		Losses			than 5%				10%		than 10%
Less than or equal to:
Three months	$	20,899	$	(130	)	$	(130	)	$	—		$	—
Six months		7,036		(465	)		—			(465	)		—
Nine months		14,057		(395	)		(197	)		(197	)		(1	)
Twelve months		7,892		(201	)		(201	)		—			—
Greater than twelve months		7,689		(241	)		(241	)		—			—
Total	$	57,573	$	(1,432	)	$	(769	)	$	(662	)	$	(1	)

Major Categories of Investment Income

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

	Three Months Ended
	March 31,
	2016			2015
Fixed maturities, available-for-sale	$	970		$	1,043
Mutual funds, available-for-sale		206			147
Other investments		(170	)		46
Other		78			31
Investment expenses		(122	)		(122	)
	$	962		$	1,145

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

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

	Three Months Ended
	March 31,
	2016			2015
Gains	$	-		$	-
Losses		(2	)		(3	)
	$	(2	)	$	(3	)