Investments (Tables)

3 Months Ended

Mar. 31, 2015

Investments, Debt and Equity Securities [Abstract]

Schedule of Investments in Fixed Maturity Securities

At December 31, 2014, the Company’s amortized cost and fair values of fixed maturity securities are summarized as follows:

(in thousands)	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Treasury securities, obligations of U.S. Government agencies and Municipals	$	10,774	$	7	$	(1	)	$	10,780
Foreign government	50		—		—			50
Corporate debt	5,854		9		(11		)	5,852
Short duration fixed income fund	3,143		37					3,180
Total	$	19,821	$	53	$	(12	)	$	19,862

At March 31, 2015, the Company’s amortized cost and fair values of fixed maturity securities are summarized as follows:

(in thousands)	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Treasury securities, obligations of U.S. Government agencies and Municipals	$	10,761	$	33	$	—		$	10,794
Foreign government	50		1		—			51
Corporate debt	5,725		32		(1		)	5,756
Short duration fixed income fund	2,155		30		—			2,185
Total	$	18,691	$	96	$	(1	)	$	18,786

Summary of Unrealized Loss Position

The following table shows the investments’ gross unrealized loss and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position as of March 31, 2015:

(in thousands)	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Corporate debt	$	1,178	$	1	$	—	$	—	$	1,178	$	1
Total	$	1,178	$	1	$	—	$	—	$	1,178	$	1

The following table shows the investments’ gross unrealized loss and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position as of December 31, 2014:

(in thousands)	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
U.S. Treasury securities, obligations of U.S. Government agencies and Municipals	$	3,994	$	1	$	—	$	—	$	3,994	$	1
Foreign Government	$	50	$	—					$	50	$	—
Corporate debt	$	4,439	$	11	$	—	$	—	$	4,439	$	11
Total	$	8,483	$	12	$	—	$	—	$	8,483	$	12

Amortized Cost and Fair Value of Fixed Maturity Securities by Contractual Maturity

The amortized cost and estimated fair value of the fixed maturity securities at March 31, 2015 by contractual maturity are set forth below:

(in thousands)	Amortized Cost		Fair Value
Years to maturity:
Due in one year or less	$	8,134	$	8,137
Due after one year through five years	10,227		10,304
Due after five years through ten years	330		345
Total	$	18,691	$	18,786

The amortized cost and estimated fair value of the fixed maturity securities at December 31, 2014 by contractual maturity are set forth below:

(in thousands)	Amortized Cost		Fair Value
Years to maturity:
Due in one year or less	$	5,628	$	5,628
Due after one year through five years	13,863		13,897
Due after five years through ten years	330		337
Total	$	19,821	$	19,862