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Investments In Securities (Tables)
3 Months Ended
Mar. 31, 2015
Investments, Debt and Equity Securities [Abstract]  
Schedule Of Gross Unrealized Gains And Losses And Amortized Cost For Securities

The aggregate estimated fair value, gross unrealized holding gains, gross unrealized holding losses and cost or amortized cost for securities by major security type are as follows:
As of March 31, 2015
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross Unrealized Losses
 
Estimated Fair Value
Fixed maturities, available-for-sale, at fair value:
 
 
 
 
 
 
 
General obligations of U.S. states, territories and political subdivisions
$
33,121,352

 
$
1,472,862

 
$
25,389

 
$
34,568,825

Issuer obligations of U.S. states, territories and political subdivisions revenue
46,113,735

 
2,527,991

 
30,085

 
48,611,641

Corporate debt securities
21,072,010

 
940,769

 

 
22,012,779

Auction rate securities
922,735

 
18,465

 

 
941,200

Total
$
101,229,832

 
$
4,960,087

 
$
55,474

 
$
106,134,445

Equity securities, available-for-sale, at fair value:
 

 
 

 
 

 
 

Common stocks and nonredeemable preferred stocks
$
24,349,105

 
$
15,255,747

 
$
127,931

 
$
39,476,921

Total
$
24,349,105

 
$
15,255,747

 
$
127,931

 
$
39,476,921

Short-term investments:
 

 
 

 
 

 
 

Money market funds and certificates of deposit
$
4,400,330

 
$

 
$

 
$
4,400,330

Total
$
4,400,330

 
$

 
$

 
$
4,400,330

As of December 31, 2014
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross Unrealized Losses
 
Estimated Fair Value
Fixed maturities, available-for-sale, at fair value:
 
 
 
 
 
 
 
General obligations of U.S. states, territories and political subdivisions
$
35,215,247

 
$
1,527,794

 
$
19,542

 
$
36,723,499

Issuer obligations of U.S. states, territories and political subdivisions special revenue
46,707,033

 
2,405,725

 
55,502

 
49,057,256

Corporate debt securities
21,576,641

 
823,133

 
71,339

 
22,328,435

Auction rate securities
922,129

 
16,971

 

 
939,100

Total
$
104,421,050

 
$
4,773,623

 
$
146,383

 
$
109,048,290

Equity securities, available-for-sale, at fair value:
 

 
 

 
 

 
 

Common stocks and nonredeemable preferred stocks
$
24,128,753

 
$
15,225,459

 
$
99,231

 
$
39,254,981

Total
$
24,128,753

 
$
15,225,459

 
$
99,231

 
$
39,254,981

Short-term investments:
 

 
 

 
 

 
 

Money market funds and certificates of deposits
$
2,576,993

 
$

 
$

 
$
2,576,993

Total
$
2,576,993

 
$

 
$

 
$
2,576,993

Schedule Of Fixed Maturity Securities
The scheduled maturities of fixed maturity securities at March 31, 2015 were as follows:
 
Available-for-Sale
 
Amortized
Cost
 
Fair
Value
Due in one year or less
$
13,053,110

 
$
13,204,273

Due after one year through five years
51,042,282

 
53,724,810

Due five years through ten years
35,140,718

 
36,642,930

Due after ten years
1,993,722

 
2,562,432

Total
$
101,229,832

 
$
106,134,445

Schedule Of Gross Realized Gains And Losses On Securities
Realized gains and losses on investments for the three months ended March 31 are summarized as follows:
 
2015
 
2014
Gross realized gains:
 

 
 

Corporate debt securities
$
999

 
$

Common stocks and nonredeemable preferred stocks
8,200

 
765,272

Total
$
9,199

 
$
765,272

Gross realized losses:
 

 
 

General obligations of U.S. states, territories and political subdivisions
$
(396
)
 
$

Total
$
(396
)
 
$

Net realized gain from securities
$
8,803

 
$
765,272

Net realized (losses) gains on other investments:
 
 
 
Impairments of other assets and investments
$

 
$
(10,062
)
Net gain on other assets and investments
6,000

 

Net loss on other assets and investments

 
(263,073
)
Total
$
6,000

 
$
(273,135
)
Net realized gain on investments
$
14,803

 
$
492,137

Schedule Of Unrealized Losses On Investments
The following table presents the gross unrealized losses on investment securities and the fair value of the securities, aggregated by investment category and length of time that individual securities have been in a continuous loss position at March 31, 2015 and December 31, 2014:
 
Less than 12 Months
 
12 Months or Longer
 
Total
As of March 31, 2015
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
General obligations of U.S. states, territories and political subdivisions
$
1,942,803

 
$
(25,389
)
 
$

 
$

 
$
1,942,803

 
$
(25,389
)
Issuer obligations of U.S. states, territories and political subdivisions special revenue
3,252,307

 
(20,404
)
 
1,209,989

 
(9,681
)
 
4,462,296

 
(30,085
)
Total fixed income securities
$
5,195,110

 
$
(45,793
)
 
$
1,209,989

 
$
(9,681
)
 
$
6,405,099

 
$
(55,474
)
Equity securities
$
1,553,666

 
$
(86,455
)
 
$
145,125

 
$
(41,476
)
 
$
1,698,791

 
$
(127,931
)
Total temporarily impaired securities
$
6,748,776

 
$
(132,248
)
 
$
1,355,114

 
$
(51,157
)
 
$
8,103,890

 
$
(183,405
)
 
Less than 12 Months
 
12 Months or Longer
 
Total
As of December 31, 2014
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
General obligations of U.S. states, territories and political subdivisions
$
2,113,194

 
$
(19,542
)
 
$

 
$

 
$
2,113,194

 
$
(19,542
)
Issuer obligations of U.S. states, territories and political subdivisions special revenue
3,946,977

 
(13,453
)
 
1,182,390

 
(42,049
)
 
5,129,367

 
(55,502
)
Corporate debt securities
6,924,430

 
(71,339
)
 

 

 
6,924,430

 
(71,339
)
Total fixed income securities
$
12,984,601

 
$
(104,334
)
 
$
1,182,390

 
$
(42,049
)
 
$
14,166,991

 
$
(146,383
)
Equity securities
$
930,208

 
$
(71,669
)
 
$
141,280

 
$
(27,562
)
 
$
1,071,488

 
$
(99,231
)
Total temporarily impaired securities
$
13,914,809

 
$
(176,003
)
 
$
1,323,670

 
$
(69,611
)
 
$
15,238,479

 
$
(245,614
)