Investments (Tables)

3 Months Ended

Mar. 31, 2012

Available-for-sale, Equity Method and Other Investments [Abstract]

Available-for-sale Securities

The following table reports the cost and carrying value of available-for-sale investments at March 31, 2012 and December 31, 2011 (in thousands):

March 31, 2012	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Carrying Value
Fixed maturities:
U.S. Treasury securities	$	5,370	$	187	$	(1	)	$	5,556
Municipal bonds	3,111		281					3,392
Corporate bonds	18,741		546		(10		)	19,277
Government sponsored enterprises	1,000		59					1,059
	28,222		1,073		(11		)	29,284
Marketable equity securities	38,992		8,915		(403		)	47,504
Total	$	67,214	$	9,988	$	(414	)	$	76,788

December 31, 2011	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Carrying Value
Fixed maturities:
U.S. Treasury securities	$	7,053	$	227				$	7,280
Municipal bonds	3,118		297					3,415
Corporate bonds	23,738		588		$	(124	)	24,202
Government sponsored enterprises	1,625		76					1,701
	35,534		1,188		(124		)	36,598
Marketable equity securities	35,547		7,341		(1,210		)	41,678
Total	$	71,081	$	8,529	$	(1,334	)	$	78,276

Schedule of Unrealized Loss on Investments

The following table summarizes the market value of those investments in an unrealized loss position for periods less than or greater than 12 months (in thousands):

	2012				2011
Less than 12 months	Fair Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss
Fixed maturities:
U.S. Treasury securities	$	551	$	1	$	553
Corporate bonds	2,585		7		3,770		$	67
	3,136		8		4,323		67
Marketable equity securities	6,188		403		7,847		461
Total	$	9,324	$	411	$	12,170	$	528

	2012				2011
Greater than 12 months	Fair Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss
Fixed maturities:
Corporate bonds	$	2,160	$	3	$	2,818	$	57
Marketable equity securities					2,757		749
Total	$	2,160	$	3	$	5,575	$	806