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Statutory Reporting and Insurance Subsidiaries Dividend Restrictions
3 Months Ended
Mar. 31, 2013
Statutory Reporting and Dividend Restrictions [Abstract]  
Statutory Reporting and Dividend Restrictions Disclosure [Table Text Block]
Statutory Reporting and Insurance Subsidiaries Dividend Restrictions

The Company's insurance subsidiaries may pay dividends to the Company, subject to statutory restrictions. Payments in excess of statutory restrictions (extraordinary dividends) to the Company are permitted only with prior approval of the insurance departments of the applicable state of domicile. All dividends from subsidiaries were eliminated in the Consolidated Financial Statements.
The following table sets forth the dividends paid to the Company by its insurance company subsidiaries for the following periods:
 
 
For the Three Months Ended
 
For the Twelve Months Ended
 
March 31, 2013
 
December 31, 2012
Ordinary dividends
$
231

 
$
2,783

Extraordinary dividends

 

Total dividends
$
231

 
$
2,783



The following table details the combined statutory capital and surplus of the Company's insurance subsidiaries, the required minimum statutory capital and surplus, as required by the laws of the states in which they are domiciled and the combined amount available for ordinary dividends of the Company's insurance subsidiaries for the following periods:
 
At
 
March 31, 2013
 
December 31, 2012
Combined statutory capital and surplus of the Company's insurance subsidiaries
$
61,181

 
$
53,885

 
 
 
 
Required minimum statutory capital and surplus
$
19,500

 
$
15,300

 


 


Amount available for ordinary dividends of the Company's insurance subsidiaries
$
4,228

 
$
4,500



Under the NAIC's Risk-Based Capital Act of 1995, a company's Risk-Based Capital ("RBC") is calculated by applying certain risk factors to various asset, claim and reserve items. If a company's adjusted surplus falls below calculated RBC thresholds, regulatory intervention or oversight is required. The Company's insurance subsidiaries' RBC levels, as calculated in accordance with the NAIC's RBC instructions, exceeded all RBC thresholds as of March 31, 2013 and December 31, 2012, respectively.