Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2012

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

The net income or loss in each period, significant assets and liabilities are as follows (in thousands):

	Three months ended			Three months ended			Six Months Ended			Six Months Ended
	June 30, 2012			June 30, 2011			June 30, 2012			June 30, 2011
Net investment income	$	239		$	318		$	474		$	590
Net realized gain on investments	550			5,721			636			9,084
Other income	111			24			121			42
	900			6,063			1,231			9,716
Operating and other costs	(462		)	(287		)	(650		)	(802		)
Income before income taxes	438			5,776			581			8,914
Provision (benefit) for income taxes	293			2,014			(182		)	3,081
Income from operations	145			3,762			763			5,833
Loss on write down of assets to fair value	(5,369		)				(5,369		)
Net income (loss)	$	(5,224	)	$	3,762		$	(4,606	)	$	5,833

	June 30, 2012			December 31, 2011
ASSETS
Available-for-sale investments	$	34,475		$	35,170
Cash and cash equivalents	24,368			25,999
Reinsurance receivables	15,242			15,475
Other assets	305			404
Less: write down of assets to fair value (purchase price discount)	(5,072		)
Total assets	69,318			77,048
LIABILITIES
Unpaid losses and loss adjustment expenses	22,854			23,292
Other liabilities	1,802			4,532
Total liabilities	24,656			27,824
Net carrying value	$	44,662		$	49,224