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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2012
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The following table sets forth our assets and liabilities that are measured at fair value on a recurring basis as of the date indicated.
 
 
December 31, 2012
Available-for-sale investments
Level 1
 
Level 2
 
Level 3
 
Total
Fair Value
 
(In thousands)
Financial assets:
 
 
 
 
 
 
 
Fixed maturities:
 
 
 
 
 
 
 
U.S. Treasury and U.S. Government-sponsored enterprises
$
13,943

 
85,581

 

 
99,524

States and political subdivisions

 
282,262

 

 
282,262

Corporate

 
216,005

 

 
216,005

Commercial mortgage-backed

 
109

 
387

 
496

Residential mortgage-backed

 
6,092

 

 
6,092

Foreign governments

 
141

 

 
141

Total fixed maturities
13,943

 
590,190

 
387

 
604,520

Equity securities:
 

 
 

 
 

 
 

Stock mutual funds
10,685

 

 

 
10,685

Bond mutual funds
41,916

 

 

 
41,916

Common stock
15

 

 

 
15

Preferred stock
1,125

 

 

 
1,125

Total equity securities
53,741

 

 

 
53,741

Total financial assets
$
67,684

 
590,190

 
387

 
658,261

 


 
 
 
 
 
 

 
December 31, 2011
Available-for-sale investments
Level 1
 
Level 2
 
Level 3
 
Total
Fair Value
 
(In thousands)
Financial assets:
 
 
 
 
 
 
 
Fixed maturities:
 
 
 
 
 
 
 
U.S. Treasury and U.S. Government-sponsored enterprises
$
13,958

 
146,817

 

 
160,775

States and political subdivisions

 
159,942

 

 
159,942

Corporate

 
184,545

 

 
184,545

Commercial mortgage-backed

 
300

 
459

 
759

Residential mortgage-backed

 
8,090

 

 
8,090

Foreign governments

 
142

 

 
142

Total fixed maturities
13,958

 
499,836

 
459

 
514,253

Equity securities:
 

 
 

 
 

 
 

Stock mutual funds
12,725

 

 

 
12,725

Bond mutual funds
31,414

 

 

 
31,414

Common stock
24

 

 

 
24

Preferred stock
1,974

 

 

 
1,974

Total equity securities
46,137

 

 

 
46,137

Total financial assets
$
60,095

 
499,836

 
459

 
560,390

Financial liabilities:
 

 
 

 
 

 
 

Warrants outstanding
$

 
451

 

 
451

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
The following table presents additional information about fixed maturity securities measured at fair value on a recurring basis and for which we have utilized significant unobservable (Level 3) inputs to determine fair value:

 
December 31,
 
2012
 
2011
 
(In thousands)
Beginning Balance at January 1,
$
459

 
519

Total realized and unrealized gains (losses)
 
 
 

Included in net income

 

Included in other comprehensive income
(6
)
 
6

Principal paydowns
(66
)
 
(66
)
Transfer in and (out) of Level 3

 

Ending Balance at December 31,
$
387

 
459

Fair Value, by Balance Sheet Grouping [Table Text Block]
The carrying amount and fair value for the financial assets and liabilities on the consolidated balance sheets at each year-end were as follows:
 
 
December 31, 2012
 
December 31, 2011
 
Carrying
Value
 
Fair
Value
 
Carrying
Value
 
Fair
Value
 
(In thousands)
 
(In thousands)
Financial assets:
 
 
 
 
 
 
 
Fixed maturities, held-to-maturity
$
187,008

 
193,739

 
227,500

 
230,093

Mortgage loans
1,509

 
1,503

 
1,557

 
1,428

Policy loans
42,993

 
42,993

 
39,090

 
39,090

Short-term investments
2,340

 
2,340

 
2,048

 
2,048

Cash and cash equivalents
56,299

 
56,299

 
33,255

 
33,255

Financial liabilities:
 

 
 

 
 

 
 

Annuities
$
51,750

 
54,981

 
47,060

 
43,402