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Investments Debt And Equity Securities (Tables)
9 Months Ended
Sep. 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 September 30, 2013.
 
September 30, 2013
 
December 31, 2012
 
Carrying
Value
 
% of Total
Carrying Value
 
Carrying
Value
 
% of Total
Carrying Value
 
(In thousands)
 
 
 
(In thousands)
 
 
Fixed maturity securities
$
822,718

 
84.4
%
 
$
791,528

 
82.7
%
Equity securities
53,067

 
5.4
%
 
53,741

 
5.6
%
Mortgage loans
680

 
0.1
%
 
1,509

 
0.2
%
Policy loans
47,359

 
4.9
%
 
42,993

 
4.5
%
Real estate and other long-term investments
8,533

 
0.9
%
 
8,553

 
0.9
%
Short-term investments

 
%
 
2,340

 
0.2
%
Cash and cash equivalents
41,687

 
4.3
%
 
56,299

 
5.9
%
Total cash, cash equivalents and investments
$
974,044

 
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.
 
September 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
$
10,124

 
2,679

 

 
12,803

U.S. Government-sponsored enterprises
62,949

 
1,510

 
152

 
64,307

States and political subdivisions
320,691

 
8,195

 
9,964

 
318,922

Foreign governments
104

 
27

 

 
131

Corporate
187,120

 
13,093

 
1,442

 
198,771

Commercial mortgage-backed
318

 
11

 

 
329

Residential mortgage-backed
3,821

 
297

 
2

 
4,116

Total available-for-sale securities
585,127

 
25,812

 
11,560

 
599,379

Held-to-maturity securities:
 

 
 

 
 

 
 

U.S. Government-sponsored enterprises
8,909

 
283

 

 
9,192

States and political subdivisions
176,686

 
2,461

 
5,407

 
173,740

Corporate
37,744

 
752

 
313

 
38,183

Total held-to-maturity securities
223,339

 
3,496

 
5,720

 
221,115

Total fixed maturities
$
808,466

 
29,308

 
17,280

 
820,494

Equity securities:
 

 
 

 
 

 
 

Stock mutual funds
$
10,463

 
1,022

 

 
11,485

Bond mutual funds
41,504

 
23

 
672

 
40,855

Common stock
17

 

 
3

 
14

Preferred stock
408

 
305

 

 
713

Total equity securities
$
52,392

 
1,350

 
675

 
53,067


 
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.
 
September 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
$
11,609

 
152

 
8

 

 

 

 
11,609

 
152

 
8

States and political subdivisions
148,560

 
8,662

 
163

 
13,375

 
1,302

 
15

 
161,935

 
9,964

 
178

Corporate
39,735

 
1,098

 
25

 
2,434

 
344

 
2

 
42,169

 
1,442

 
27

Commercial mortgage-backed
4

 

 
1

 
46

 
2

 
1

 
50

 
2

 
2

Total available-for-sale securities
199,908

 
9,912

 
197

 
15,855

 
1,648

 
18

 
215,763

 
11,560

 
215

Held-to-maturity securities:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

States and political subdivisions
88,943

 
4,453

 
106

 
14,394

 
954

 
17

 
103,337

 
5,407

 
123

Corporate
7,390

 
313

 
6

 

 

 

 
7,390

 
313

 
6

Total held-to-maturity securities
96,333

 
4,766

 
112

 
14,394

 
954

 
17

 
110,727

 
5,720

 
129

Total fixed maturities
$
296,241

 
14,678

 
309

 
30,249

 
2,602

 
35

 
326,490

 
17,280

 
344

Equity securities:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Bond mutual funds
$
30,904

 
307

 
4

 
6,058

 
365

 
2

 
36,962

 
672

 
6

Common stocks

 

 

 
13

 
3

 
1

 
13

 
3

 
1

Total equities
$
30,904

 
307

 
4

 
6,071

 
368

 
3

 
36,975

 
675

 
7


As of September 30, 2013, the Company had 18 fixed maturity available-for-sale securities and 17 held-to-maturity securities that were in an unrealized loss position for greater than 12 months.  These securities consisted of municipals, corporates and mortgage-backed securities. There are two bond mutual funds and one common stock that are now in a loss position for greater than 12 months. These are diversified U.S. Government bond funds that have a large percentage of mortgage exposure in Pass Thru and CMO security types which have refinanced in the current interest rate environment. The funds are 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 nine months ended September 30, 2013 and 2012 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,
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
 
(In thousands)
Proceeds
$
259

 

 
317

 
503

 

 
2,856

 

 
2,856

Gross realized gains
$
7

 

 
8

 
4

 

 
632

 

 
632

Gross realized losses
$
1

 

 
1

 
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, 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.
 
September 30, 2013
 
Amortized
Cost
 
Fair
Value
 
(In thousands)
Available-for-sale securities:
 
 
 
Due in one year or less
$
5,077

 
5,142

Due after one year through five years
110,617

 
117,370

Due after five years through ten years
99,777

 
102,778

Due after ten years
365,517

 
369,644

   Securities not due at a single maturity date
4,139

 
4,445

Total available-for-sale securities
585,127

 
599,379

Held-to-maturity securities:
 

 
 

Due in one year or less
3,783

 
3,834

Due after one year through five years
43,808

 
44,518

Due after five years through ten years
45,721

 
46,413

Due after ten years
130,027

 
126,350

Total held-to-maturity securities
223,339

 
221,115

Total fixed maturities
$
808,466

 
820,494