Comprehensive Income and Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2013

Equity [Abstract]

Schedule of Changes in Accumulated Other Comprehensive Income (AOCI)

The following table illustrates the changes in the balance of each component of accumulated other comprehensive income for each period presented in the financial statements.

	Year Ended December 31,
	2013		2012		2011
			(In thousands)
Beginning balance	$	2,979	$	2,215	$	265
Other comprehensive income (loss) before reclassification		(7,525)		1,552		1,880
Amounts reclassified from accumulated other comprehensive income		251		(788)		70
Net current period other comprehensive income		(7,274)		764		1,950
Ending balance	$	(4,295)	$	2,979	$	2,215

Reclassification Out of Accumulated Other Comprehensive Income

The effects of reclassifications out of accumulated other comprehensive income by the respective line items of net income are presented in the following table.

Component of Accumulated Other Comprehensive Income	Year Ended December 31,						Affected line item in the statement of income
	2013		2012		2011
	(in thousands)
Unrealized gains (losses) on available-for-sale securities	$	30	$	1,211	$	(107)	Net realized gains/(losses) on investments
Other-than-temporary impairment		(416)		—		—	Net realized gains/(losses) on investments
		(386)		1,211		(107)	Income before income taxes
		135		(423)		37	Income tax expense
	$	(251)	$	788	$	(70)	Net income

Other Comprehensive Income

	Pre-Tax Amount		Tax Expense		Net-of-Tax Amount
	(In thousands)
December 31, 2013
Unrealized gain (loss) on securities:
Unrealized loss on available-for-sale securities	$	(11,504)	$	(4,027)	$	(7,477)
Change in unrealized losses on fixed maturity securities with OTTI		2		1		1
Change in unrealized losses on equity securities with OTTI		416		146		270
Less amortization of differences between fair value and amortized cost for fixed maturity security transfer		(75)		(26)		(49)
Less reclassification adjustment for gains realized in net income		(30)		(11)		(19)
Net unrealized gain		(11,191)		(3,917)		(7,274)
Other comprehensive income	$	(11,191)	$	(3,917)	$	(7,274)
December 31, 2012
Unrealized gain (loss) on securities:
Unrealized gain on available-for-sale securities	$	2,555	$	894	$	1,661
Change in unrealized losses on fixed maturity securities with OTTI		1		—		1
Less amortization of differences between fair value and amortized cost for fixed maturity security transfer		(101)		(35)		(66)
Less reclassification adjustment for gains realized in net income		(1,279)		(447)		(832)
Net unrealized gain		1,176		412		764
Other comprehensive income	$	1,176	$	412	$	764
December 31, 2011
Unrealized gain (loss) on securities:
Unrealized gain on available-for-sale securities	$	3,127	$	1,094	$	2,033
Change in unrealized losses on fixed maturity securities with OTTI		(21)		(7)		(14)
Less amortization of differences between fair value and amortized cost for fixed maturity security transfer		(159)		(56)		(103)
Less reclassification adjustment for gains realized in net income		107		37		70
Change in deferred tax valuation allowance		—		36		(36)
Net unrealized gain		3,054		1,104		1,950
Other comprehensive income	$	3,054	$	1,104	$	1,950