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Investment Securities (Tables) | 3 Months Ended
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Mar. 31, 2013
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Schedule of Amortized Cost, Gross Unrealized Gains, Gross Unrealized Losses and Estimated Fair Values of Fixed-Maturity Securities | The amortized cost, gross unrealized gains, gross unrealized losses and estimated fair values of fixed-maturity securities held in trust at March 31, 2013, are as follows:
|  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Estimated Fair Value |
Obligations of U.S. government sponsored enterprises |  | $ | 73,055 |  |  | $ | 1,040 |  |  | $ | (199 | ) |  | $ | 73,896 |
Corporate debt securities |  |  | 105,320 |  |  |  | 2,853 |  |  |  | (59 | ) |  |  | 108,114 |
Commercial paper |  |  | 69,607 |  |  |  | — |  |  |  | — |  |  |  | 69,607 |
Foreign corporate debt securities |  |  | 20,779 |  |  |  | 326 |  |  |  | (23 | ) |  |  | 21,082 |
Commercial mortgage-backed securities |  |  | 8,893 |  |  |  | 33 |  |  |  | (78 | ) |  |  | 8,848 |
Total fixed-maturity securities |  |  | 277,654 |  |  |  | 4,252 |  |  |  | (359 | ) |  |  | 281,547 |
Less total unrestricted fixed-maturity securities – trading |  |  | 10,002 |  |  |  | 174 |  |  |  | (33 | ) |  |  | 10,143 |
Less total unrestricted fixed-maturity securities – held to maturity |  |  | 73,456 |  |  |  | — |  |  |  | — |  |  |  | 73,456 |
Total fixed-maturity securities held in trust |  | $ | 194,196 |  |  | $ | 4,078 |  |  | $ | (326 | ) |  | $ | 197,948 |
The amortized cost, gross unrealized gains, gross unrealized losses and estimated fair values of fixed-maturity securities held in trust at December 31, 2012, are as follows:
|  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Estimated Fair Value |
Obligations of U.S. government sponsored enterprises |  | $ | 97,104 |  |  | $ | 1,415 |  |  | $ | (156 | ) |  | $ | 98,363 |
Corporate debt securities |  |  | 91,997 |  |  |  | 3,011 |  |  |  | (34 | ) |  |  | 94,974 |
Commercial Paper |  |  | 54,948 |  |  |  | — |  |  |  | — |  |  |  | 54,948 |
Foreign corporate debt securities |  |  | 18,305 |  |  |  | 379 |  |  |  | (18 | ) |  |  | 18,666 |
Commercial mortgage-backed securities |  |  | 10,541 |  |  |  | 64 |  |  |  | (87 | ) |  |  | 10,518 |
Total fixed-maturity securities |  |  | 272,895 |  |  |  | 4,869 |  |  |  | (295 | ) |  |  | 277,469 |
Less total unrestricted fixed-maturity securities – trading |  |  | 14,246 |  |  |  | 168 |  |  |  | (18 | ) |  |  | 14,396 |
Less total unrestricted fixed-maturity securities – held to maturity |  |  | 61,413 |  |  |  | — |  |  |  | — |  |  |  | 61,413 |
Total fixed-maturity securities held in trust |  | $ | 197,236 |  |  | $ | 4,701 |  |  | $ | (277 | ) |  | $ | 201,660 |
Schedule of Amortized Cost and Estimated Fair Value of Fixed-Maturity Securities by Contractual Maturity | Amortized cost and estimated fair value of fixed-maturity securities at March 31, 2013 by contractual maturity are as follows:
|  | Amortized Cost |  |  | Estimated Fair Value |
Maturity in: |  |  |  |  |  |  |  |
2013 |  | $ | 89,942 |  |  | $ | 90,034 |
2014-2017 |  |  | 106563 |  |  |  | 109,789 |
2018-2022 |  |  | 43,180 |  |  |  | 43,405 |
Thereafter |  |  | 29,076 |  |  |  | 29,471 |
Mortgage-backed securities |  |  | 8,893 |  |  |  | 8,848 |
Total fixed-maturity securities |  | $ | 277,654 |  |  | $ | 281,547 |
Summary of Net Investment Income | Net investment income for the periods ending March 31, 2013 and 2012, is summarized as follows:
|  | Successor |  |  | Successor |  |  |  |  | Predecessor |
|  | Three Months Ended March 31, 2013 |  |  | Period from March 20, 2012 through March 31, 2012 |  |  |  |  | Period from January 1, 2012 through March 19, 2012 |
Investment income: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of premium or discount on fixed-maturity |  | $ | (488 | ) |  | $ | (87 | ) |  |  |  | $ | (523 | )
Investment income on fixed-maturity securities |  |  | 1,858 |  |  |  | 401 |  |  |  |  |  | 2,467 |
Interest income on cash and equivalents |  |  | 4 |  |  |  | — |  |  |  |  |  | 3 |
Realized net gain (loss) from sale of investment |  |  | 134 |  |  |  | (7 | ) |  |  |  |  | 176 |
Unrealized (losses) gains on trading securities held at period end |  |  | (812 | ) |  |  | 596 |  |  |  |  |  | 1,049 |
Net investment income |  | $ | 696 |  |  | $ | 903 |  |  |  |  | $ | 3,172 |
Schedule of Investments in Accordance with Fair Value Measurement | The following tables show how the Company’s investments are categorized in accordance with fair value measurement, as of March 31, 2013 and December 31, 2012:
|  | March 31, 2013 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Class of Security: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. government sponsored securities |  | $ | 11,305 |  |  | $ | 62,591 |  |  | $ | — |  |  | $ | 73,896 |
Corporate debt securities |  |  | 25,236 |  |  |  | 82,878 |  |  |  | — |  |  |  | 108,114 |
Commercial paper |  |  | 69,607 |  |  |  | — |  |  |  | — |  |  |  | 69,607 |
Foreign corporate debt securities |  |  | 1,552 |  |  |  | 19,530 |  |  |  | — |  |  |  | 21,082 |
Commercial mortgage-backed securities |  |  | — |  |  |  | 8,848 |  |  |  | — |  |  |  | 8,848 |
Total fixed maturity securities |  |  | 107,700 |  |  |  | 173,847 |  |  |  | — |  |  |  | 281,547 |
Money market funds |  |  | 25,074 |  |  |  | — |  |  |  | — |  |  |  | 25,074 |
Total |  | $ | 132,774 |  |  | $ | 173,847 |  |  | $ | — |  |  | $ | 306,621 |
|  | December 31, 2012 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Class of Security: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. government sponsored securities |  | $ | 11,362 |  |  | $ | 87,001 |  |  | $ | — |  |  | $ | 98,363 |
Corporate debt securities |  |  | 22,833 |  |  |  | 72,141 |  |  |  | — |  |  |  | 94,974 |
Commercial paper |  |  | 54,948 |  |  |  | — |  |  |  | — |  |  |  | 54.948 |
Foreign corporate debt securities |  |  | 1,001 |  |  |  | 17,665 |  |  |  | — |  |  |  | 18,666 |
Commercial mortgage-backed securities |  |  | — |  |  |  | 10,518 |  |  |  | — |  |  |  | 10,518 |
Total fixed maturity securities |  |  | 90,144 |  |  |  | 187,325 |  |  |  | — |  |  |  | 277,469 |
Money market funds |  |  | 33,628 |  |  |  | — |  |  |  | — |  |  |  | 33,628 |
Total |  | $ | 123,772 |  |  | $ | 187,325 |  |  | $ | — |  |  | $ | 311,097 |
Summary of Transfers between Level 1 and Level 2 |
|  | March 31, 2013 |  |  | December 31, 2012 |
|  | Transfers from Level 1 to Level 2 |  |  | Transfers from Level 2 to Level 1 |  |  | Transfers from Level 1 to Level 2 |  |  | Transfers from Level 2 to Level 1 |
Class of securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate securities |  | $ | — |  |  | $ | 8,585 |  |  | $ | — |  |  | $ | 16,745 |
Foreign corporate debt securities |  |  | — |  |  |  | 1,552 |  |  |  | — |  |  |  | 1,001 |
Total Transfers |  | $ | — |  |  | $ | 10,137 |  |  | $ | — |  |  | $ | 17,746 |

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- Definition Tabular disclosure related to assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a recurring and/or nonrecurring basis in periods after initial recognition. Disclosures include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3) as well as transfers between levels 1 and 2. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 6 -Footnote 4 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a,b,bb) -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=7578670&loc=SL7498348-110258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19279-110258 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19190-110258 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 33 -Subparagraph a, b -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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- Definition Tabular disclosure of investment income derived from investments in debt and equity securities consisting of interest income earned from investments in debt securities and on cash and cash equivalents, dividend income from investments in equity securities, and income or expense derived from the amortization of investment related discounts or premiums, respectively. This item does not include realized or unrealized gains or losses on the sale or holding of investments in debt and equity securities required to be included in earnings for the period or for other than temporary losses related to investments in debt and equity securities which are included in realized losses in the period recognized. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name FASB Staff Position (FSP) -Number FAS115-1/124-1 -Paragraph 13, 14, 15, 16 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 115 -Paragraph 14, 16 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.8) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.9) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.7(a),(b)) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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- Definition Tabular disclosure of trading securities (and certain trading assets) which consist of all investments in certain debt and equity securities (and other assets) that are bought and held principally for the purpose of selling them in the near term (thus held for only a short period of time) or for which an entity has elected the fair value option. Trading generally reflects active and frequent buying and selling, and trading securities are generally used with the objective of generating profits on short-term differences in price, but this category of investments may also include items which are not intended to be sold in the near term or for which the fair value option has been elected. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 30 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6467456&loc=d3e113888-111728 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name FASB Staff Position (FSP) -Number FAS115-1/124-1 -Paragraph 17 -Subparagraph a(1), b(1)-b(5) -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.2) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 115 -Paragraph 21 -Subparagraph e -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6871852&loc=d3e26626-111562 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Emerging Issues Task Force (EITF) -Number 03-1 -Paragraph 21 -Subparagraph a(2), b(1)-b(5) -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 115 -Paragraph 13 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -Subparagraph (c),(e) -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27357-111563 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 115 -Paragraph 12 -Subparagraph a -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6871852&loc=d3e26610-111562 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Trading Securities -URI http://asc.fasb.org/extlink&oid=6526789 + Details
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- Definition Schedule of Amortized cost and estimated fair value of fixed-maturity securities by contractual maturity. + References No definition available. + Details
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