Investments (Tables)

12 Months Ended

Dec. 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
December 31, 2016	Cost		Gains		Losses			Value
U.S. government and agencies	$	19,142	$	112	$	(303	)	$	18,951
Political subdivisions		4,233		—		(68	)		4,165
Revenue and assessment		5,539		185		(41	)		5,683
Corporate bonds		47,238		107		(1,805	)		45,540
Collateralized mortgage obligations:
Agency backed		23,093		73		(744	)		22,422
Non-agency backed – residential		2,411		529		(7	)		2,933
Non-agency backed – commercial		1,408		487		—			1,895
Total fixed maturities, available-for-sale		103,064		1,493		(2,968	)		101,589
Preferred stock, available-for-sale		3,025		198		(111	)		3,112
Mutual funds, available-for-sale		11,813		698		—			12,511
	$	117,902	$	2,389	$	(3,079	)	$	117,212

			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
December 31, 2016	Gains		Losses		Losses		Securities
One year or less	$	2,302	$	6,577	$	—	$	8,879
After one through five years		7,596		23,015		—		30,611
After five through ten years		—		33,098		—		33,098
After ten years		1,751		—		—		1,751
No single maturity date		5,507		21,743		—		27,250
	$	17,156	$	84,433	$	—	$	101,589

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
December 31, 2016	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses		Total Gross Losses
U.S. government and agencies	$	14,837	$	(303	)	$	—	$	—	$	(303	)
Political subdivisions		4,166		(68	)		—		—		(68	)
Revenue and assessment		2,783		(41	)		—		—		(41	)
Corporate bonds		41,057		(1,805	)		—		—		(1,805	)
Collateralized mortgage obligations:
Agency backed		21,637		(744	)		—		—		(744	)
Non-agency backed – residential		105		(7	)		—		—		(7	)
Non-agency backed – commercial		—		—			—		—		—
Total fixed maturities, available-for-sale		84,585		(2,968	)		—		—		(2,968	)
Preferred stock, available-for-sale		1,415		(111	)		—		—		(111	)
Mutual funds, available-for-sale		—		—			—		—		-
	$	86,000	$	(3,079	)	$	—	$	—	$	(3,079	)

	Less than 12 months					12 months or longer
December 31, 2015	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Total Gross Losses
U.S. government and agencies	$	8,946	$	(85	)	$	—	$	—		$	(85	)
State		—		—			—		—			—
Political subdivisions		—		—			—		—			—
Revenue and assessment		1,733		(21	)		—		—			(21	)
Corporate bonds		30,172		(422	)		7,689		(241	)		(663	)
Collateralized mortgage obligations:
Agency backed		—		—			—		—			—
Non-agency backed – residential		5		(1	)		—		—			(1	)
Non-agency backed – commercial		189		—			—		—			—
Total fixed maturities, available-for-sale		41,045		(529	)		7,689		(241	)		(770	)
Preferred stock, available-for-sale		—		—			—		—			—
Mutual funds, available-for-sale		8,839		(662	)		—		—			(662	)
	$	49,884	$	(1,191	)	$	7,689	$	(241	)	$	(1,432	)

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

December 31, 2016

—

December 31, 2015

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

The following table reflects the fair value and gross unrealized losses of those fixed maturity securities in a continuous unrealized loss position for greater than 12 months as of December 31, 2015. 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 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 December 31, 2016:	Losses		Losses			than 5%				10%		than 10%
Less than or equal to:
Three months	$	58,550	$	(1,886	)	$	(1,461	)	$	(425	)	$	—
Six months		27,193		(1,186	)		(232	)		(954	)		—
Nine months		152		—			—			—			—
Twelve months		105		(7	)		—			(7	)		—
Greater than twelve months		—		—			—			—			—
Total	$	86,000	$	(3,079	)	$	(1,693	)	$	(1,386	)	$	—

	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).

	Year Ended December 31,
	2016			2015			2014
Fixed maturities, available-for-sale	$	3,558		$	4,220		$	4,481
Mutual funds, available-for-sale		704			666			832
Other investments		427			396			85
Other		448			236			214
Investment expenses		(488	)		(494	)		(489	)
	$	4,649		$	5,024		$	5,123

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 follow (in thousands).

	Year Ended December 31,
	2016			2015			2014
Gains	$	4,982		$	15		$	85
Losses		(22	)		(26	)		(62	)
Other than temporary impairment		(147	)		—			—
	$	4,813		$	(11	)	$	23

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, 2016, 2015, and 2014 (in thousands).

	Year Ended December 31,
	2016			2015			2014
Beginning balance	$	(2,632	)	$	(2,632	)	$	(2,632	)
Additional credit impairments on:
Previously impaired securities		—			—			—
Securities without previous impairments		(147	)		—			—
		(147	)		—			—
Reductions for securities deemed worthless (realized)		595			—			—
	$	(2,184	)	$	(2,632	)	$	(2,632	)