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Investment Securities | 6 Months Ended
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Jun. 30, 2012
Investment Securities [Abstract] |
Investment Securities | Note 6: Investment Securities The amortized cost, gross unrealized gains, gross unrealized losses and estimated fair values of fixed-maturity securities held in trust at June 30, 2012, are as follows:
|  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Estimated Fair Value |
Trading Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  | $ | 250 |  |  | $ | — |  |  | $ | — |  |  | $ | 250 |
Obligations of U.S. government sponsored enterprises |  |  | 128,886 |  |  |  | 1,935 |  |  |  | (147 | ) |  |  | 130,674 |
Corporate debt securities |  |  | 129,447 |  |  |  | 4,224 |  |  |  | (135 | ) |  |  | 133,536 |
Commercial paper |  |  | 29,966 |  |  |  | 7 |  |  |  | (3 | ) |  |  | 29,970 |
Foreign corporate debt securities |  |  | 33,045 |  |  |  | 560 |  |  |  | (25 | ) |  |  | 33,580 |
Commercial mortgage-backed securities |  |  | 19,609 |  |  |  | 76 |  |  |  | (128 | ) |  |  | 19,557 |
Total fixed-maturity securities |  |  | 341,203 |  |  |  | 6,802 |  |  |  | (438 | ) |  |  | 347,567 |
Less total unrestricted fixed-maturity securities |  |  | 63,567 |  |  |  | 377 |  |  |  | (53 | ) |  |  | 63,891 |
Total fixed-maturity securities held in trust |  | $ | 277,636 |  |  | $ | 6,425 |  |  | $ | (385 | ) |  | $ | 283,676 |
The amortized cost, gross unrealized gains, gross unrealized losses and estimated fair values of fixed-maturity securities held in trust at December 31, 2011, are as follows:
|  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Estimated Fair Value |
Trading Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  | $ | 250 |  |  | $ | — |  |  | $ | — |  |  | $ | 250 |
Obligations of U.S. government sponsored enterprises |  |  | 122,874 |  |  |  | 2,029 |  |  |  | (267 | ) |  |  | 124,636 |
Corporate debt securities |  |  | 129,916 |  |  |  | 3,791 |  |  |  | (845 | ) |  |  | 132,862 |
Foreign corporate debt securities |  |  | 26,800 |  |  |  | 546 |  |  |  | (117 | ) |  |  | 27,229 |
Commercial mortgage-backed securities |  |  | 19,138 |  |  |  | 76 |  |  |  | (146 | ) |  |  | 19,068 |
Total fixed-maturity securities |  |  | 298,978 |  |  |  | 6,442 |  |  |  | (1,375 | ) |  |  | 304,045 |
Less total unrestricted fixed-maturity securities |  |  | 5,348 |  |  |  | 151 |  |  |  | (9 | ) |  |  | 5,490 |
Total fixed-maturity securities held in trust |  | $ | 293,630 |  |  | $ | 6,291 |  |  | $ | (1,366 | ) |  | $ | 298,555 |
Amortized cost and estimated fair value of fixed-maturity securities at June 30, 2012 by contractual maturity are as follows:
|  | Amortized Cost |  |  | Estimated Fair Value |
Maturity in: |  |  |  |  |  |  |  |
2012 |  | $ | 65,202 |  |  | $ | 65,251 |
2013-2016 |  |  | 164,741 |  |  |  | 170,028 |
2017-2021 |  |  | 36,474 |  |  |  | 36,961 |
Thereafter |  |  | 55,165 |  |  |  | 55,771 |
Mortgage-backed securities |  |  | 19,621 |  |  |  | 19,556 |
Total fixed-maturity securities |  | $ | 341,203 |  |  | $ | 347,567 |
Actual maturities may differ from contractual maturities because certain borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Net investment income for the periods ending June 30, 2012 and 2011, is summarized as follows:
|  | Successor |  |  |  |  | Predecessor |  |  | Successor |  |  |  |  | Predecessor |  |  | Predecessor |
|  | Three Months Ended Jun\ e 30, 2012 |  |  |  |  | Three Months Ended June 30, 2011 |  |  | Period from March 20, 2012 through June 30, 2012 |  |  |  |  | Period from January 1, 2012 through March 19, 2012 |  |  | Six Months ended June 30, 2011 |
Investment income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of premium or discount on fixed-maturity |  | $ | (669 | ) |  |  |  | $ | (654 | ) |  | $ | (756 | ) |  |  |  | $ | (523 | ) |  | $ | (1,299 | )
Investment income on fixed-maturity securities |  |  | 2,878 |  |  |  |  |  | 3,199 |  |  |  | 3,279 |  |  |  |  |  | 2,467 |  |  |  | 6,803 |
Interest income on cash and equivalents |  |  | 15 |  |  |  |  |  | 13 |  |  |  | 15 |  |  |  |  |  | 3 |  |  |  | 38 |
Realized net gain (loss) from sale of investment |  |  | 278 |  |  |  |  |  | 1,090 |  |  |  | 271 |  |  |  |  |  | 176 |  |  |  | 1,186 |
Unrealized (losses) gains on trading securities held at year end |  |  | (323 | ) |  |  |  |  | 675 |  |  |  | 273 |  |  |  |  |  | 1,049 |  |  |  | (753 | )
Net investment income |  | $ | 2,179 |  |  |  |  | $ | 4,323 |  |  | $ | 3,082 |  |  |  |  | $ | 3,172 |  |  | $ | 5,975 |
The following tables show how the Company’s investments are categorized in accordance with fair value measurement, as of June 30, 2012 and December 31, 2011:
|  | June 30, 2012 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Class of Security: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  | $ | 250 |  |  | $ | — |  |  | $ | — |  |  | $ | 250 |
Obligations of U.S. government sponsored securities |  |  | 40,727 |  |  |  | 89,947 |  |  |  | — |  |  |  | 130,674 |
Corporate debt securities |  |  | — |  |  |  | 133,536 |  |  |  | — |  |  |  | 133,536 |
Commercial paper |  |  | 29,970 |  |  |  | — |  |  |  |  |  |  |  | 29,970 |
Foreign corporate debt securities |  |  | — |  |  |  | 33,580 |  |  |  | — |  |  |  | 33,580 |
Commercial mortgage-backed securities |  |  | — |  |  |  | 19,557 |  |  |  | — |  |  |  | 19,557 |
Total |  | $ | 70,947 |  |  | $ | 276,620 |  |  | $ | — |  |  | $ | 347,567 |
|  | December 31, 2011 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Class of Security: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  | $ | 250 |  |  | $ | — |  |  | $ | — |  |  | $ | 250 |
Obligations of U.S. government sponsored securities |  |  | 42,927 |  |  |  | 81,709 |  |  |  | — |  |  |  | 124,636 |
Corporate debt securities |  |  | — |  |  |  | 132,862 |  |  |  | — |  |  |  | 132,862 |
Foreign corporate debt securities |  |  | — |  |  |  | 27,229 |  |  |  | — |  |  |  | 27,229 |
Commercial mortgage-backed securities |  |  | — |  |  |  | 19,068 |  |  |  | — |  |  |  | 19,068 |
Total |  | $ | 43,177 |  |  | $ | 260,868 |  |  | $ | — |  |  | $ | 304,045 |

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