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Investments (Tables)
3 Months Ended
Mar. 31, 2014
Investments Including Short Term And Cash And Cash Equivalents [Abstract]  
Investments Including Short Term And Cash And Cash Equivalents [Table Text Block]
The Company invests primarily in fixed maturity securities, which totaled 84.3% of total investments and cash and cash equivalents at March 31, 2014.
 
March 31, 2014
 
December 31, 2013
 
Carrying
Value
 
% of Total
Carrying Value
 
Carrying
Value
 
% of Total
Carrying Value
 
(In thousands)
 
 
 
(In thousands)
 
 
Fixed maturity securities
$
868,345

 
84.3
%
 
$
832,952

 
83.9
%
Equity securities
49,845

 
4.8
%
 
47,259

 
4.8
%
Mortgage loans
659

 
0.1
%
 
671

 
0.1
%
Policy loans
50,288

 
4.9
%
 
48,868

 
4.8
%
Real estate and other long-term investments
8,447

 
0.8
%
 
8,485

 
0.9
%
Cash and cash equivalents
52,307

 
5.1
%
 
54,593

 
5.5
%
Total cash, cash equivalents and investments
$
1,029,891

 
100.0
%
 
$
992,828

 
100.0
%
Unrealized Gain (Loss) on Investments [Abstract]  
Unrealized Gain (Loss) on Investments [Table Text Block]
The following tables represent the cost, gross unrealized gains and losses and fair value for fixed maturities and equity securities as of the periods indicated.
 
March 31, 2014
 
Cost or
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
(In thousands)
Fixed maturities:
 
 
 
 
 
 
 
Available-for-sale:
 
 
 
 
 
 
 
U.S. Treasury securities
$
10,101

 
2,539

 

 
12,640

U.S. Government-sponsored enterprises
43,076

 
1,718

 
30

 
44,764

States and political subdivisions
355,633

 
10,529

 
6,242

 
359,920

Foreign governments
104

 
27

 

 
131

Corporate
208,740

 
14,883

 
440

 
223,183

Commercial mortgage-backed
432

 
10

 

 
442

Residential mortgage-backed
3,394

 
287

 
2

 
3,679

Total available-for-sale securities
621,480

 
29,993

 
6,714

 
644,759

Held-to-maturity securities:
 

 
 

 
 

 
 

U.S. Government-sponsored enterprises
5,846

 
249

 

 
6,095

States and political subdivisions
183,868

 
3,975

 
3,400

 
184,443

Corporate
33,872

 
853

 
176

 
34,549

Total held-to-maturity securities
223,586

 
5,077

 
3,576

 
225,087

Total fixed maturities
$
845,066

 
35,070

 
10,290

 
869,846

Equity securities:
 

 
 

 
 

 
 

Stock mutual funds
$
10,463

 
1,737

 

 
12,200

Bond mutual funds
35,080

 
29

 
318

 
34,791

Common stock
810

 
10

 
7

 
813

Preferred stock
1,780

 
269

 
8

 
2,041

Total equity securities
$
48,133

 
2,045

 
333

 
49,845


 
December 31, 2013
 
Cost or
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
(In thousands)
Fixed maturities:
 
 
 
 
 
 
 
Available-for-sale securities:
 
 
 
 
 
 
 
U.S. Treasury securities
$
10,115

 
2,348

 

 
12,463

U.S. Government-sponsored enterprises
53,587

 
1,209

 
228

 
54,568

States and political subdivisions
341,673

 
6,242

 
11,449

 
336,466

Foreign governments
104

 
23

 

 
127

Corporate
186,671

 
12,289

 
1,399

 
197,561

Commercial mortgage-backed
300

 
9

 

 
309

Residential mortgage-backed
3,494

 
270

 
2

 
3,762

Total available-for-sale securities
595,944

 
22,390

 
13,078

 
605,256

Held-to-maturity securities:
 

 
 

 
 

 
 

U.S. Government-sponsored enterprises
8,877

 
197

 
3

 
9,071

States and political subdivisions
181,246

 
1,633

 
6,412

 
176,467

Corporate
37,573

 
771

 
349

 
37,995

Total held-to-maturity securities
227,696

 
2,601

 
6,764

 
223,533

Total fixed maturity securities
$
823,640

 
24,991

 
19,842

 
828,789

Equity securities:
 

 
 

 
 

 
 

Stock mutual funds
$
10,463

 
1,506

 

 
11,969

Bond mutual funds
35,080

 

 
417

 
34,663

Common stock
17

 

 
5

 
12

Preferred stock
323

 
292

 

 
615

Total equity securities
$
45,883

 
1,798

 
422

 
47,259

Unrealized Continuous Losses on Investments [Abstract]  
Schedule of Unrealized Loss on Investments [Table Text Block]
The following tables present the fair values and gross unrealized losses of fixed maturities and equity securities that have remained in a continuous unrealized loss position for the periods indicated.
 
March 31, 2014
 
Less than 12 months
 
Greater than 12 months
 
Total
 
Fair
Value
 
Unrealized
Losses
 
# of
Securities
 
Fair
Value
 
Unrealized
Losses
 
# of
Securities
 
Fair
Value
 
Unrealized
Losses
 
# of
Securities
 
(In thousands, except for # of securities)
Fixed maturities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government-sponsored enterprises
$
1,285

 
9

 
6

 
830

 
21

 
1

 
2,115

 
30

 
7

States and political subdivisions
128,340

 
5,149

 
137

 
21,095

 
1,093

 
23

 
149,435

 
6,242

 
160

Corporate
38,641

 
286

 
34

 
2,623

 
154

 
2

 
41,264

 
440

 
36

Residential mortgage-backed
61

 
1

 
5

 
40

 
1

 
1

 
101

 
2

 
6

Total available-for-sale securities
168,327

 
5,445

 
182

 
24,588

 
1,269

 
27

 
192,915

 
6,714

 
209

Held-to-maturity securities:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

States and political subdivisions
74,114

 
3,031

 
87

 
11,710

 
369

 
18

 
85,824

 
3,400

 
105

Corporate
5,395

 
176

 
4

 

 

 

 
5,395

 
176

 
4

Total held-to-maturity securities
79,509

 
3,207

 
91

 
11,710

 
369

 
18

 
91,219

 
3,576

 
109

Total fixed maturities
$
247,836

 
8,652

 
273

 
36,298

 
1,638

 
45

 
284,134

 
10,290

 
318

Equity securities:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Bond mutual funds
$
27,682

 
318

 
3

 

 

 

 
27,682

 
318

 
3

Common stocks
136

 
3

 
1

 
13

 
4

 
1

 
149

 
7

 
2

  Preferred stocks
338

 
8

 
8

 

 

 

 
338

 
8

 
8

Total equities
$
28,156

 
329

 
12

 
13

 
4

 
1

 
28,169

 
333

 
13


As of March 31, 2014, the Company had 27 available-for-sale securities and 18 held-to-maturity securities that were in an unrealized loss position for greater than 12 months. We reported 1 common stock holding in an unrealized loss position as of March 31, 2014.

 
December 31, 2013
 
Less than 12 months
 
Greater than 12 months
 
Total
 
Fair
Value
 
Unrealized
Losses
 
# of
Securities
 
Fair
Value
 
Unrealized
Losses
 
# of
Securities
 
Fair
Value
 
Unrealized
Losses
 
# of
Securities
 
(In thousands, except for # of securities)
Fixed maturities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government-sponsored enterprises
$
14,032

 
228

 
12

 

 

 

 
14,032

 
228

 
12

States and political subdivisions
183,280

 
9,872

 
203

 
15,673

 
1,577

 
16

 
198,953

 
11,449

 
219

Corporate
35,789

 
1,048

 
25

 
2,426

 
351

 
2

 
38,215

 
1,399

 
27

Residential mortgage-backed
57

 
1

 
3

 
42

 
1

 
1

 
99

 
2

 
4

Total available-for-sale securities
233,158

 
11,149

 
243

 
18,141

 
1,929

 
19

 
251,299

 
13,078

 
262

Held-to-maturity securities:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

U.S. Government-sponsored enterprises
2,997

 
3

 
1

 

 

 

 
2,997

 
3

 
1

States and political subdivisions
100,153

 
5,236

 
118

 
14,797

 
1,176

 
17

 
114,950

 
6,412

 
135

Corporate
5,225

 
349

 
4

 

 

 

 
5,225

 
349

 
4

Total held-to-maturity securities
108,375

 
5,588

 
123

 
14,797

 
1,176

 
17

 
123,172

 
6,764

 
140

Total fixed maturities
$
341,533

 
16,737

 
366

 
32,938

 
3,105

 
36

 
374,471

 
19,842

 
402

Equity securities:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Bond mutual funds
$
34,663

 
417

 
7

 

 

 

 
34,663

 
417

 
7

Common stock
12

 
5

 
1

 

 

 

 
12

 
5

 
1

Total equities
$
34,675

 
422

 
8

 

 

 

 
34,675

 
422

 
8

Available-for-sale Securities, Gross Realized Gain (Loss) [Abstract]  
Schedule of Realized Gain (Loss) [Table Text Block]
The Company uses the specific identification method of the individual security to determine the cost basis used in the calculation of realized gains and losses related to security sales.  Proceeds and gross realized gains from sales of securities for the three months ended March 31, 2014 and 2013 are summarized as follows.
 
 
Fixed Maturities, Available-for-sale
 
 
Equity Securities
 
 
Three Months Ended
 
 
Three Months Ended
 
 
March 31,
 
 
March 31,
 
 
2014
 
2013
 
 
2014
 
2013
 
(In thousands)
Proceeds
 
$

 
58

 
 

 

Gross realized gains
 
$

 
1

 
 

 

Gross realized losses
 
$

 

 
 

 

Schedule of Fixed Maturities [Abstract]  
Investments Classified by Contractual Maturity Date [Table Text Block]
The amortized cost and fair value of fixed maturity securities at March 31, 2014 by contractual maturity are shown in the table below.  Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date have been reflected based upon final stated maturity.
 
March 31, 2014
 
Amortized
Cost
 
Fair
Value
 
(In thousands)
Available-for-sale securities:
 
 
 
Due in one year or less
$
15,507

 
15,818

Due after one year through five years
117,719

 
125,050

Due after five years through ten years
104,920

 
108,876

Due after ten years
383,334

 
395,015

Total available-for-sale securities
621,480

 
644,759

Held-to-maturity securities:
 

 
 

Due in one year or less
10,453

 
10,515

Due after one year through five years
31,897

 
32,581

Due after five years through ten years
43,214

 
44,633

Due after ten years
138,022

 
137,358

Total held-to-maturity securities
223,586

 
225,087

Total fixed maturities
$
845,066

 
869,846