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Investments (Tables)
9 Months Ended
Sep. 30, 2015
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 84.7% of total cash, cash equivalents and investments at September 30, 2015.
 
September 30, 2015
 
December 31, 2014
 
Carrying
Value
 
% of Total
Carrying Value
 
Carrying
Value
 
% of Total
Carrying Value
 
($ In thousands)
Fixed maturity securities
$
983,676

 
84.7
%
 
$
932,159

 
83.6
%
Equity securities
66,668

 
5.7
%
 
69,879

 
6.3
%
Mortgage loans
599

 
0.1
%
 
628

 
0.1
%
Policy loans
58,968

 
5.1
%
 
54,032

 
4.8
%
Real estate and other long-term investments
8,076

 
0.7
%
 
8,266

 
0.7
%
Short-term investments
254

 
%
 

 
%
Cash and cash equivalents
42,831

 
3.7
%
 
50,708

 
4.5
%
Total cash, cash equivalents and investments
$
1,161,072

 
100.0
%
 
$
1,115,672

 
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.
 
September 30, 2015
 
Cost or
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
(In thousands)
Fixed maturities:
 
 
 
 
 
 
 
Available-for-sale:
 
 
 
 
 
 
 
U.S. Treasury securities
$
10,010

 
2,892

 

 
12,902

U.S. Government-sponsored enterprises
36,364

 
1,359

 

 
37,723

States and political subdivisions
455,494

 
18,018

 
2,937

 
470,575

Foreign governments
104

 
30

 

 
134

Corporate
201,760

 
12,994

 
3,408

 
211,346

Commercial mortgage-backed
162

 
7

 

 
169

Residential mortgage-backed
2,773

 
227

 
2

 
2,998

Total available-for-sale securities
706,667

 
35,527

 
6,347

 
735,847

Held-to-maturity securities:
 

 
 

 
 

 
 

U.S. Government-sponsored enterprises
2,012

 
137

 

 
2,149

States and political subdivisions
223,084

 
7,741

 
708

 
230,117

Corporate
22,733

 
672

 
1,623

 
21,782

Total held-to-maturity securities
247,829

 
8,550

 
2,331

 
254,048

Total fixed maturities
954,496

 
44,077

 
8,678

 
989,895

 
 
 
 
 
 
 
 
Short-term investments
$
254

 

 

 
254

 
 
 
 
 
 
 
 
Equity securities:
 

 
 

 
 

 
 

Stock mutual funds
$
16,007

 
189

 
67

 
16,129

Bond mutual funds
49,189

 
6

 
534

 
48,661

Common stock
65

 

 
23

 
42

Preferred stock
1,594

 
243

 
1

 
1,836

Total equity securities
$
66,855

 
438

 
625

 
66,668


 
December 31, 2014
 
Cost or
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
(In thousands)
Fixed maturities:
 
 
 
 
 
 
 
Available-for-sale securities:
 
 
 
 
 
 
 
U.S. Treasury securities
$
10,056

 
2,924

 

 
12,980

U.S. Government-sponsored enterprises
38,312

 
1,937

 

 
40,249

States and political subdivisions
404,657

 
19,146

 
1,448

 
422,355

Foreign governments
104

 
31

 

 
135

Corporate
211,410

 
17,441

 
1,024

 
227,827

Commercial mortgage-backed
223

 
8

 

 
231

Residential mortgage-backed
3,204

 
249

 
3

 
3,450

Total available-for-sale securities
667,966

 
41,736

 
2,475

 
707,227

Held-to-maturity securities:
 

 
 

 
 

 
 

U.S. Government-sponsored enterprises
2,017

 
178

 

 
2,195

States and political subdivisions
192,875

 
7,782

 
388

 
200,269

Corporate
30,040

 
947

 
560

 
30,427

Total held-to-maturity securities
224,932

 
8,907

 
948

 
232,891

Total fixed maturity securities
$
892,898

 
50,643

 
3,423

 
940,118

Equity securities:
 

 
 

 
 

 
 

Stock mutual funds
$
16,005

 
1,657

 
66

 
17,596

Bond mutual funds
50,976

 
60

 
796

 
50,240

Common stock
65

 

 
14

 
51

Preferred stock
1,741

 
253

 
2

 
1,992

Total equity securities
$
68,787

 
1,970

 
878

 
69,879

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.
 
September 30, 2015
 
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:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
States and political subdivisions
$
86,825

 
980

 
85

 
17,392

 
1,957

 
13

 
104,217

 
2,937

 
98

Corporate
45,786

 
2,678

 
53

 
5,085

 
730

 
5

 
50,871

 
3,408

 
58

Residential mortgage-backed
67

 
1

 
2

 
136

 
1

 
3

 
203

 
2

 
5

Total available-for-sale securities
132,678

 
3,659

 
140

 
22,613

 
2,688

 
21

 
155,291

 
6,347

 
161

Held-to-maturity securities:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

States and political subdivisions
37,472

 
615

 
31

 
2,430

 
93

 
5

 
39,902

 
708

 
36

Corporate
2,744

 
728

 
3

 
4,664

 
895

 
4

 
7,408

 
1,623

 
7

Total held-to-maturity securities
40,216

 
1,343

 
34

 
7,094

 
988

 
9

 
47,310

 
2,331

 
43

Total fixed maturities
$
172,894

 
5,002

 
174

 
29,707

 
3,676

 
30

 
202,601

 
8,678

 
204

Equity securities:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Stock mutual funds
$
8,736

 
67

 
3

 

 

 

 
8,736

 
67

 
3

Bond mutual funds
31,668

 
505

 
2

 
110

 
29

 
1

 
31,778

 
534

 
3

Common stocks
41

 
6

 
3

 

 
17

 
1

 
41

 
23

 
4

   Preferred stocks

 
1

 
1

 

 

 

 

 
1

 
1

Total equities
$
40,445

 
579

 
9

 
110

 
46

 
2

 
40,555

 
625

 
11


As of September 30, 2015, the Company had 21 available-for-sale fixed maturity securities and 9 held-to-maturity fixed maturity securities that were in an unrealized loss position for greater than 12 months. We reported 2 common stock holding in an unrealized loss position for greater than 12 months as of September 30, 2015.

 
December 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:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
States and political subdivisions
$
43,776

 
318

 
47

 
33,716

 
1,130

 
24

 
77,492

 
1,448

 
71

Corporate
26,671

 
780

 
24

 
2,530

 
244

 
2

 
29,201

 
1,024

 
26

Residential mortgage-backed
159

 
2

 
5

 
33

 
1

 
1

 
192

 
3

 
6

Total available-for-sale securities
70,606

 
1,100

 
76

 
36,279

 
1,375

 
27

 
106,885

 
2,475

 
103

Held-to-maturity securities:
 

 
 
 
 

 
 

 
 

 
 

 
 

 
 

 
 

States and political subdivisions
21,233

 
74

 
16

 
15,429

 
314

 
21

 
36,662

 
388

 
37

Corporate
3,866

 
285

 
4

 
2,746

 
275

 
2

 
6,612

 
560

 
6

Total held-to-maturity securities
25,099

 
359

 
20

 
18,175

 
589

 
23

 
43,274

 
948

 
43

Total fixed maturities
$
95,705

 
1,459

 
96

 
54,454

 
1,964

 
50

 
150,159

 
3,423

 
146

Equity securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Stock mutual funds
$
5,224

 
66

 
4

 

 

 

 
5,224

 
66

 
4

Bond mutual funds
26,228

 
796

 
4

 

 

 

 
26,228

 
796

 
4

Preferred stocks
234

 
2

 
4

 

 

 

 
234

 
2

 
4

Common stock
46

 
1

 
2

 
4

 
13

 
9

 
50

 
14

 
11

Total equities
$
31,732

 
865

 
14

 
4

 
13

 
9

 
31,736

 
878

 
23

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 and nine months ended September 30, 2015 and 2014 are summarized as follows.

 
Fixed Maturities Available-for-Sale
 
Equity Securities
 
Three Months Ended
 
Nine Months Ended
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
September 30,
 
September 30,
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
 
(In thousands)
Proceeds
$

 
100

 

 
680

 

 
3,924

 

 
15,029

Gross realized gains
$

 
5

 

 
26

 

 
55

 

 
118

Gross realized losses
$

 

 

 

 

 

 

 
169

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 and nine months ended September 30, 2015 and 2014 are summarized as follows.

 
Fixed Maturities Available-for-Sale
 
Equity Securities
 
Three Months Ended
 
Nine Months Ended
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
September 30,
 
September 30,
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
 
(In thousands)
Proceeds
$

 
100

 

 
680

 

 
3,924

 

 
15,029

Gross realized gains
$

 
5

 

 
26

 

 
55

 

 
118

Gross realized losses
$

 

 

 

 

 

 

 
169



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 September 30, 2015 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.
 
September 30, 2015
 
Amortized
Cost
 
Fair
Value
 
(In thousands)
Available-for-sale securities:
 
 
 
Due in one year or less
$
23,804

 
24,152

Due after one year through five years
126,342

 
131,632

Due after five years through ten years
98,083

 
102,448

Due after ten years
458,438

 
477,615

Total available-for-sale securities
706,667

 
735,847

Held-to-maturity securities:
 

 
 

Due in one year or less
9,357

 
9,397

Due after one year through five years
35,383

 
37,298

Due after five years through ten years
48,634

 
50,258

Due after ten years
154,455

 
157,095

Total held-to-maturity securities
247,829

 
254,048

Total fixed maturities
$
954,496

 
989,895