XML 43 R35.htm IDEA: XBRL DOCUMENT v2.4.0.8
Fair Value of Financial Instruments (Details 1) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Financial Assets        
Beginning balance $ 125,540 $ 104,096 $ 109,535 $ 131,509
Transfers into Level 3 12,452 [1] 55,301 [2] 29,617 [1] 71,345 [2]
Transfers out of Level 3 0 [1] (35,066) [2] (519) [1] (68,744) [2]
Total gains or losses        
Net realized gains (losses) included in net income (26) 0 (26) 0
Net unrealized gains (losses) included in other comprehensive income 1,991 (1,430) 3,286 (2,478)
Purchases 0 0 0 0
Issuances 0 0 0 0
Sales 0 (334) 0 (334)
Settlements 0 0 0 0
Paydowns, maturities and distributions (449) (12,864) (2,385) (21,595)
Ending balance 139,508 109,703 139,508 109,703
Financial Liabilities        
Beginning balance 2,747 [3]   0 [3]  
Transfers into Level 3 0 [1],[3]   0 [1],[3]  
Transfers out of Level 3 0 [1],[3]   0 [1],[3]  
Gain Or Losses Net [Abstract]        
Net realized gains (losses) included in net income 57 [3]   69 [3]  
Net unrealized gains (losses) included in other comprehensive income 0 [3]   0 [3]  
Purchases 0 [3]   0 [3]  
Issuances 4,121 [3]   6,856 [3]  
Sales 0 [3]   0 [3]  
Settlements 0 [3]   0 [3]  
Paydowns, maturities and distributions (10) [3]   (10) [3]  
Ending balance 6,915 [3]   6,915 [3]  
Municipal bonds [Member]
       
Financial Assets        
Beginning balance 12,779 15,146 2,694 12,275
Transfers into Level 3 0 [1] 1,000 [2] 10,056 [1] 3,907 [2]
Transfers out of Level 3 0 [1] 0 [2] 0 [1] 0 [2]
Total gains or losses        
Net realized gains (losses) included in net income 0 0 0 0
Net unrealized gains (losses) included in other comprehensive income 337 (315) 434 (351)
Purchases 0 0 0 0
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements 0 0 0 0
Paydowns, maturities and distributions (62) (12,067) (130) (12,067)
Ending balance 13,054 3,764 13,054 3,764
Corporate bonds [Member]
       
Financial Assets        
Beginning balance 60,204 55,527 60,826 85,722
Transfers into Level 3 12,452 [1] 18,768 [2] 12,452 [1] 23,439 [2]
Transfers out of Level 3 0 [1] (16,663) [2] 0 [1] (50,341) [2]
Total gains or losses        
Net realized gains (losses) included in net income 0 0 0 0
Net unrealized gains (losses) included in other comprehensive income 1,546 (824) 2,560 (1,709)
Purchases 0 0 0 0
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements 0 0 0 0
Paydowns, maturities and distributions (276) (218) (1,912) (521)
Ending balance 73,926 56,590 73,926 56,590
Other mortgage-backed securities [Member]
       
Financial Assets        
Beginning balance 52,551 33,083 46,009 33,172
Transfers into Level 3 0 [1] 35,533 [2] 7,109 [1] 43,999 [2]
Transfers out of Level 3 0 [1] (18,403) [2] (519) [1] (18,403) [2]
Total gains or losses        
Net realized gains (losses) included in net income (26) 0 (26) 0
Net unrealized gains (losses) included in other comprehensive income 108 (291) 292 (418)
Purchases 0 0 0 0
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements 0 0 0 0
Paydowns, maturities and distributions (111) (579) (343) (9,007)
Ending balance 52,522 49,343 52,522 49,343
Total Fixed Maturities [Member]
       
Financial Assets        
Beginning balance 125,534 103,756 109,529 131,169
Transfers into Level 3 12,452 [1] 55,301 [2] 29,617 [1] 71,345 [2]
Transfers out of Level 3 0 [1] (35,066) [2] (519) [1] (68,744) [2]
Total gains or losses        
Net realized gains (losses) included in net income (26) 0 (26) 0
Net unrealized gains (losses) included in other comprehensive income 1,991 (1,430) 3,286 (2,478)
Purchases 0 0 0 0
Issuances 0 0 0 0
Sales 0 0 0 0
Settlements 0 0 0 0
Paydowns, maturities and distributions (449) (12,864) (2,385) (21,595)
Ending balance 139,502 109,697 139,502 109,697
Equity securities [Member]
       
Financial Assets        
Beginning balance 6 340 6 340
Transfers into Level 3 0 [1] 0 [2] 0 [1] 0 [2]
Transfers out of Level 3 0 [1] 0 [2] 0 [1] 0 [2]
Total gains or losses        
Net realized gains (losses) included in net income 0 0 0 0
Net unrealized gains (losses) included in other comprehensive income 0 0 0 0
Purchases 0 0 0 0
Issuances 0 0 0 0
Sales 0 (334) 0 (334)
Settlements 0 0 0 0
Paydowns, maturities and distributions 0 0 0 0
Ending balance $ 6 $ 6 $ 6 $ 6
[1] Transfers into and out of Level 3 during the three and six months ended June 30, 2014 were attributable to changes in the availability of observable market information for individual fixed maturity securities. The Company’s policy is to recognize transfers into and transfers out of the levels as having occurred at the end of the reporting period in which the transfers were determined.
[2] Transfers into and out of Level 3 during the three and six months ended June 30, 2013 were attributable to changes in the availability of observable market information for individual fixed maturity securities. The Company’s policy is to recognize transfers into and transfers out of the levels as having occurred at the end of the reporting period in which the transfers were determined.
[3] Represents embedded derivatives, all related to the Company’s FIA products, reported in Other Policyholder Funds in the Company’s Consolidated Balance Sheets.