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Investments Debt And Equity Securities (Tables)
6 Months Ended
Jun. 30, 2013
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 84.4% of total investments and cash and cash equivalents at June 30, 2013.
 
June 30, 2013
 
December 31, 2012
 
Carrying
Value
 
% of Total
Carrying Value
 
Carrying
Value
 
% of Total
Carrying Value
 
(In thousands)
 
 
 
(In thousands)
 
 
Fixed maturity securities
$
808,317

 
84.4
%
 
$
791,528

 
82.7
%
Equity securities
52,699

 
5.5
%
 
53,741

 
5.6
%
Mortgage loans
687

 
0.1
%
 
1,509

 
0.2
%
Policy loans
45,824

 
4.8
%
 
42,993

 
4.5
%
Real estate and other long-term investments
8,565

 
0.9
%
 
8,553

 
0.9
%
Short-term investments

 
%
 
2,340

 
0.2
%
Cash and cash equivalents
41,013

 
4.3
%
 
56,299

 
5.9
%
Total cash, cash equivalents and investments
$
957,105

 
100.0
%
 
$
956,963

 
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.
 
June 30, 2013
 
Cost or
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
(In thousands)
Fixed maturities:
 
 
 
 
 
 
 
Available-for-sale:
 
 
 
 
 
 
 
U.S. Treasury securities
$
10,139

 
2,856

 

 
12,995

U.S. Government-sponsored enterprises
63,300

 
2,069

 
97

 
65,272

States and political subdivisions
347,580

 
10,582

 
9,170

 
348,992

Foreign governments
104

 
29

 

 
133

Corporate
204,613

 
13,729

 
1,394

 
216,948

Commercial mortgage-backed
349

 
13

 

 
362

Residential mortgage-backed
4,092

 
317

 
2

 
4,407

Total available-for-sale securities
630,177

 
29,595

 
10,663

 
649,109

Held-to-maturity securities:
 

 
 

 
 

 
 

U.S. Government-sponsored enterprises
10,446

 
248

 
5

 
10,689

States and political subdivisions
118,327

 
2,801

 
1,764

 
119,364

Corporate
30,435

 
606

 
82

 
30,959

Total held-to-maturity securities
159,208

 
3,655

 
1,851

 
161,012

Total fixed maturities
$
789,385

 
33,250

 
12,514

 
810,121

Equity securities:
 

 
 

 
 

 
 

Stock mutual funds
$
10,463

 
719

 

 
11,182

Bond mutual funds
41,505

 
15

 
732

 
40,788

Common stock
17

 

 
4

 
13

Preferred stock
407

 
309

 

 
716

Total equity securities
$
52,392

 
1,043

 
736

 
52,699


 
December 31, 2012
 
Cost or
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
(In thousands)
Fixed maturities:
 
 
 
 
 
 
 
Available-for-sale securities:
 
 
 
 
 
 
 
U.S. Treasury securities
$
10,170

 
3,773

 

 
13,943

U.S. Government-sponsored enterprises
81,788

 
3,815

 
22

 
85,581

States and political subdivisions
265,812

 
17,227

 
777

 
282,262

Foreign governments
105

 
36

 

 
141

Corporate
195,755

 
20,536

 
286

 
216,005

Commercial mortgage-backed
481

 
17

 
2

 
496

Residential mortgage-backed
5,625

 
469

 
2

 
6,092

Total available-for-sale securities
559,736

 
45,873

 
1,089

 
604,520

Held-to-maturity securities:
 

 
 

 
 

 
 

U.S. Government-sponsored enterprises
28,632

 
514

 

 
29,146

States and political subdivisions
125,634

 
5,435

 
378

 
130,691

Corporate
32,742

 
1,160

 

 
33,902

Total held-to-maturity securities
187,008

 
7,109

 
378

 
193,739

Total fixed maturity securities
$
746,744

 
52,982

 
1,467

 
798,259

Equity securities:
 

 
 

 
 

 
 

Stock mutual funds
$
10,463

 
250

 
28

 
10,685

Bond mutual funds
41,504

 
541

 
129

 
41,916

Common stock
17

 

 
2

 
15

Preferred stock
760

 
365

 

 
1,125

Total equity securities
$
52,744

 
1,156

 
159

 
53,741

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.
 
June 30, 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
$
8,676

 
97

 
7

 

 

 

 
8,676

 
97

 
7

States and political subdivisions
192,682

 
8,438

 
214

 
7,875

 
732

 
8

 
200,557

 
9,170

 
222

Corporate
44,184

 
1,394

 
30

 

 

 

 
44,184

 
1,394

 
30

Residential mortgage-backed
3

 

 
1

 
48

 
2

 
1

 
51

 
2

 
2

Total available-for-sale securities
245,545

 
9,929

 
252

 
7,923

 
734

 
9

 
253,468

 
10,663

 
261

Held-to-maturity securities:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

U.S. Government-sponsored enterprises
3,908

 
5

 
2

 

 

 

 
3,908

 
5

 
2

States and political subdivisions
53,296

 
1,764

 
47

 

 

 

 
53,296

 
1,764

 
47

Corporate
5,496

 
82

 
4

 

 

 

 
5,496

 
82

 
4

Total held-to-maturity securities
62,700

 
1,851

 
53

 

 

 

 
62,700

 
1,851

 
53

Total fixed maturities
$
308,245

 
11,780

 
305

 
7,923

 
734

 
9

 
316,168

 
12,514

 
314

Equity securities:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Bond mutual funds
$
34,028

 
607

 
5

 
2,875

 
125

 
1

 
36,903

 
732

 
6

Common stocks

 

 

 
13

 
4

 
1

 
13

 
4

 
1

Total equities
$
34,028

 
607

 
5

 
2,888

 
129

 
2

 
36,916

 
736

 
7


As of June 30, 2013, the Company had 9 fixed maturity available-for-sale securities and no held-to-maturity securities that were in an unrealized loss position for greater than 12 months.  These securities consisted of municipals and mortgage-backed securities. There is 1 bond mutual fund that is now in a loss position for greater than 12 months. This is a diversified U.S. Government bond fund that has a large percentage of mortgage exposure in Pass Thru and CMO security types which have refinanced in the current interest rate environment. The fund is comprised of only U.S. Government bond assets.

 
December 31, 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
$
10,603

 
22

 
9

 

 

 

 
10,603

 
22

 
9

States and political subdivisions
54,115

 
443

 
61

 
5,099

 
334

 
2

 
59,214

 
777

 
63

Corporate
22,316

 
286

 
16

 

 

 

 
22,316

 
286

 
16

Commercial mortgage-backed
94

 
2

 
1

 

 

 

 
94

 
2

 
1

Residential mortgage-backed

 

 

 
52

 
2

 
1

 
52

 
2

 
1

Total available-for-sale securities
87,128

 
753

 
87

 
5,151

 
336

 
3

 
92,279

 
1,089

 
90

Held-to-maturity securities:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

States and political subdivisions
40,611

 
378

 
32

 

 

 

 
40,611

 
378

 
32

Total held-to-maturity securities
40,611

 
378

 
32

 

 

 

 
40,611

 
378

 
32

Total fixed maturities
$
127,739

 
1,131

 
119

 
5,151

 
336

 
3

 
132,890

 
1,467

 
122

Equity securities:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Stock mutual funds
$

 

 

 
972

 
28

 
1

 
972

 
28

 
1

Bond mutual funds
3,335

 
88

 
1

 
2,959

 
41

 
2

 
6,294

 
129

 
3

Common stock
15

 
2

 
1

 

 

 

 
15

 
2

 
1

Total equities
$
3,350

 
90

 
2

 
3,931

 
69

 
3

 
7,281

 
159

 
5

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 six months ended June 30, 2013 and 2012 are summarized as follows.
 
Fixed Maturities Available-for-Sale
 
Equity Securities
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
 
(In thousands)
Proceeds
$

 

 
58

 
503

 

 

 

 

Gross realized gains
$

 

 
1

 
4

 

 

 

 

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 June 30, 2013 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.
 
June 30, 2013
 
Amortized
Cost
 
Fair
Value
 
(In thousands)
Available-for-sale securities:
 
 
 
Due in one year or less
$
236,253

 
242,160

Due after one year through five years
103,078

 
109,314

Due after five years through ten years
119,601

 
123,041

Due after ten years
166,804

 
169,825

   Securities not due at a single maturity date
4,441

 
4,769

Total available-for-sale securities
630,177

 
649,109

Held-to-maturity securities:
 

 
 

Due in one year or less
11,206

 
10,854

Due after one year through five years
41,795

 
42,539

Due after five years through ten years
38,399

 
39,499

Due after ten years
67,808

 
68,120

Total held-to-maturity securities
159,208

 
161,012

Total fixed maturities
$
789,385

 
810,121