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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2013
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The following tables set forth our assets and liabilities that are measured at fair value on a recurring basis as of the dates indicated.
 
March 31, 2013
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
$
13,736

 
73,014

 

 
86,750

States and political subdivisions

 
331,134

 

 
331,134

Corporate

 
224,012

 

 
224,012

Commercial mortgage-backed

 
61

 
369

 
430

Residential mortgage-backed

 
5,217

 

 
5,217

Foreign governments

 
139

 

 
139

Total fixed maturities
13,736

 
633,577

 
369

 
647,682

Equity securities:
 

 
 

 
 

 
 

Stock mutual funds
11,368

 

 

 
11,368

Bond mutual funds
41,715

 

 

 
41,715

Common stock
15

 

 

 
15

Preferred stock
931

 

 

 
931

Total equity securities
54,029

 

 

 
54,029

Total financial assets
$
67,765

 
633,577

 
369

 
701,711


 
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

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 that are classified as Level 3 assets and for which we have utilized significant unobservable inputs to determine fair value.

March 31,
2013
 
December 31,
2012
 
(In thousands)
 
 
 
 
Balance at beginning of period
$
387

 
459

Total realized and unrealized gains (losses)


 
 

Included in net income

 

Included in other comprehensive income
(1
)
 
(6
)
Principal paydowns
(17
)
 
(66
)
Transfer in and (out) of Level 3

 

Balance at end of period
$
369

 
387

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 not otherwise disclosed for the periods indicated are as follows:
 
March 31, 2013
 
December 31, 2012
 
Carrying Value
 
Fair Value
 
Carrying Value
 
Fair Value
 
(In thousands)
Financial assets:
 
 
 
 
 
 
 
Fixed maturities, held-to-maturity
$
167,707

 
174,966

 
187,008

 
193,739

Mortgage loans
1,376

 
1,417

 
1,509

 
1,503

Policy loans
44,872

 
44,872

 
42,993

 
42,993

Short-term investments
2,853

 
2,853

 
2,340

 
2,340

Cash and cash equivalents
42,608

 
42,608

 
56,299

 
56,299

Financial liabilities:
 

 
 

 
 

 
 

Annuity benefit reserves
52,450

 
58,239

 
51,750

 
54,981