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Investments Debt And Equity Securities (Tables)
9 Months Ended
Sep. 30, 2012
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 85.1% of total investments and cash and cash equivalents at September 30, 2012.
 
September 30, 2012
 
December 31, 2011
 
Carrying
Value
 
% of Total
Carrying Value
 
Carrying
Value
 
% of Total
Carrying Value
 
(In thousands)
 
 
 
(In thousands)
 
 
Fixed maturity securities
$
797,857

 
85.1
%
 
$
741,753

 
85.0
%
Equity securities
44,091

 
4.7
%
 
46,137

 
5.3
%
Mortgage loans
1,521

 
0.2
%
 
1,557

 
0.2
%
Policy loans
42,784

 
4.6
%
 
39,090

 
4.5
%
Real estate and other long-term investments
8,708

 
0.9
%
 
8,644

 
1.0
%
Short-term investments
2,356

 
0.3
%
 
2,048

 
0.2
%
Cash and cash equivalents
39,830

 
4.2
%
 
33,255

 
3.8
%
Total cash, cash equivalents and investments
$
937,147

 
100.0
%
 
$
872,484

 
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, 2012
 
Cost or
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
(In thousands)
Fixed maturities:
 
 
 
 
 
 
 
Available-for-sale:
 
 
 
 
 
 
 
U.S. Treasury securities
$
10,184

 
3,931

 

 
14,115

U.S. Government-sponsored enterprises
89,397

 
4,255

 
32

 
93,620

States and political subdivisions
233,712

 
16,678

 
748

 
249,642

Foreign governments
105

 
38

 

 
143

Corporate
209,153

 
21,397

 
669

 
229,881

Commercial mortgage-backed
547

 
19

 
1

 
565

Residential mortgage-backed
6,107

 
549

 
2

 
6,654

Total available-for-sale securities
549,205

 
46,867

 
1,452

 
594,620

Held-to-maturity securities:
 

 
 

 
 

 
 

U.S. Government-sponsored enterprises
51,136

 
622

 
4

 
51,754

States and political subdivisions
119,206

 
4,975

 
287

 
123,894

Corporate
32,895

 
1,054

 
17

 
33,932

Total held-to-maturity securities
203,237

 
6,651

 
308

 
209,580

Total fixed maturities
$
752,442

 
53,518

 
1,760

 
804,200

Equity securities:
 

 
 

 
 

 
 

Stock mutual funds
$
10,463

 
263

 
24

 
10,702

Bond mutual funds
31,503

 
649

 
19

 
32,133

Common stock
17

 

 
3

 
14

Preferred stock
829

 
413

 

 
1,242

Total equity securities
$
42,812

 
1,325

 
46

 
44,091


 
December 31, 2011
 
Cost or
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
(In thousands)
Fixed maturities:
 
 
 
 
 
 
 
Available-for-sale securities:
 
 
 
 
 
 
 
U.S. Treasury securities
$
10,228

 
3,730

 

 
13,958

U.S. Government-sponsored enterprises
143,684

 
3,198

 
65

 
146,817

States and political subdivisions
151,058

 
10,275

 
1,391

 
159,942

Foreign governments
105

 
37

 

 
142

Corporate
171,462

 
14,576

 
1,493

 
184,545

Commercial mortgage-backed
736

 
23

 

 
759

Residential mortgage-backed
7,536

 
562

 
8

 
8,090

Total available-for-sale securities
484,809

 
32,401

 
2,957

 
514,253

Held-to-maturity securities:
 

 
 

 
 

 
 

U.S. Government-sponsored enterprises
160,411

 
742

 
12

 
161,141

States and political subdivisions
56,260

 
1,941

 
84

 
58,117

Corporate
10,829

 
49

 
43

 
10,835

Total held-to-maturity securities
227,500

 
2,732

 
139

 
230,093

Total fixed maturity securities
$
712,309

 
35,133

 
3,096

 
744,346

Equity securities:
 

 
 

 
 

 
 

Stock mutual funds
$
12,686

 
415

 
376

 
12,725

Bond mutual funds
31,504

 
27

 
117

 
31,414

Common stock
17

 
7

 

 
24

Preferred stock
1,392

 
582

 

 
1,974

Total equity securities
$
45,599

 
1,031

 
493

 
46,137

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, 2012
 
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
$
9,993

 
32

 
8

 

 

 

 
9,993

 
32

 
8

States and political subdivisions
44,391

 
408

 
40

 
5,095

 
340

 
2

 
49,486

 
748

 
42

Corporate
14,820

 
315

 
10

 
4,623

 
354

 
4

 
19,443

 
669

 
14

Commercial mortgage-backed
143

 
1

 
1

 

 

 

 
143

 
1

 
1

Residential mortgage-backed

 

 

 
55

 
2

 
1

 
55

 
2

 
1

Total available-for-sale securities
69,347

 
756

 
59

 
9,773

 
696

 
7

 
79,120

 
1,452

 
66

Held-to-maturity securities:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

U.S. Government-sponsored enterprises
1,751

 
2

 
3

 
1,105

 
2

 
1

 
2,856

 
4

 
4

States and political subdivisions
37,322

 
287

 
32

 

 

 

 
37,322

 
287

 
32

Corporate
4,255

 
17

 
3

 

 

 

 
4,255

 
17

 
3

Total held-to-maturity securities
43,328

 
306

 
38

 
1,105

 
2

 
1

 
44,433

 
308

 
39

Total fixed maturities
$
112,675

 
1,062

 
97

 
10,878

 
698

 
8

 
123,553

 
1,760

 
105

Equity securities:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Stock mutual funds
$

 

 

 
976

 
24

 
1

 
976

 
24

 
1

Bond mutual funds

 

 

 
2,981

 
19

 
2

 
2,981

 
19

 
2

Common stocks
14

 
3

 
1

 

 

 

 
14

 
3

 
1

Total equities
$
14

 
3

 
1

 
3,957

 
43

 
3

 
3,971

 
46

 
4


As of September 30, 2012, the Company had 7 available-for-sale securities and 1 held-to-maturity security that were in an unrealized loss position for greater than 12 months.  These securities consisted of U.S. Government-sponsored enterprises, municipals, corporate and mortgage-backed securities.

 
December 31, 2011
 
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
$

 

 

 
3,718

 
65

 
2

 
3,718

 
65

 
2

States and political subdivisions
1,965

 
29

 
4

 
11,777

 
1,362

 
9

 
13,742

 
1,391

 
13

Corporate
27,239

 
976

 
30

 
8,886

 
517

 
6

 
36,125

 
1,493

 
36

Residential mortgage-backed
536

 
4

 
1

 
67

 
4

 
2

 
603

 
8

 
3

Total available-for-sale securities
29,740

 
1,009

 
35

 
24,448

 
1,948

 
19

 
54,188

 
2,957

 
54

Held-to-maturity securities:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

U.S. Government-sponsored enterprises
6,997

 
2

 
4

 
1,121

 
10

 
1

 
8,118

 
12

 
5

States and political subdivisions
8,345

 
84

 
7

 

 

 

 
8,345

 
84

 
7

Corporate
6,706

 
43

 
4

 

 

 

 
6,706

 
43

 
4

Total held-to-maturity securities
22,048

 
129

 
15

 
1,121

 
10

 
1

 
23,169

 
139

 
16

Total fixed maturities
$
51,788

 
1,138

 
50

 
25,569

 
1,958

 
20

 
77,357

 
3,096

 
70

Equity securities:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Stock mutual funds
$
7,158

 
376

 
2

 

 

 

 
7,158

 
376

 
2

Bond mutual funds
25,387

 
117

 
10

 

 

 

 
25,387

 
117

 
10

Total equities
$
32,545

 
493

 
12

 

 

 

 
32,545

 
493

 
12

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, 2012 and 2011 are summarized as follows.
 
Fixed Maturities Available-for-Sale
 
Equity Securities
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2012
 
2011
 
2012
 
2011
 
2012
 
2011
 
2012
 
2011
 
(In thousands)
Proceeds
$

 

 
503

 

 
2,856

 

 
2,856

 

Gross realized gains
$

 

 
4

 

 
632

 

 
632

 

Gross realized losses
$

 

 
3

 

 

 

 

 

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, 2012 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.
 
September 30, 2012
 
Amortized
Cost
 
Fair
Value
 
(In thousands)
Available-for-sale securities:
 
 
 
Due in one year or less
$
15,102

 
15,309

Due after one year through five years
74,476

 
79,431

Due after five years through ten years
111,759

 
119,654

Due after ten years
341,214

 
373,007

   Securities not due at a single maturity date
6,654

 
7,219

Total available-for-sale securities
549,205

 
594,620

Held-to-maturity securities:
 

 
 

Due in one year or less
10,013

 
10,044

Due after one year through five years
35,564

 
35,841

Due after five years through ten years
47,212

 
50,192

Due after ten years
110,448

 
113,503

Total held-to-maturity securities
203,237

 
209,580

Total fixed maturities
$
752,442

 
804,200