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Investment Securities (Tables) | 9 Months Ended
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Sep. 30, 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 September 30, 2013, are as follows:
|  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Estimated Fair Value |
Obligations of U.S. government sponsored enterprises |  | $ | 58,262 |  |  | $ | 419 |  |  | $ | (1,088 | ) |  | $ | 57,593 |
Corporate debt securities |  |  | 102,143 |  |  |  | 1,832 |  |  |  | (413 | ) |  |  | 103,562 |
Commercial paper |  |  | 59,978 |  |  |  | — |  |  |  | — |  |  |  | 59,978 |
Foreign corporate debt securities |  |  | 26,848 |  |  |  | 200 |  |  |  | (213 | ) |  |  | 26,835 |
Commercial mortgage-backed securities |  |  | 2,385 |  |  |  | — |  |  |  | (53 | ) |  |  | 2,332 |
Total fixed-maturity securities |  |  | 249,616 |  |  |  | 2,451 |  |  |  | (1,767 | ) |  |  | 250,300 |
Less total unrestricted fixed-maturity securities – trading |  |  | 10,354 |  |  |  | 230 |  |  |  | (185 | ) |  |  | 10,399 |
Less total unrestricted fixed-maturity securities – held to maturity |  |  | 67,529 |  |  |  | — |  |  |  | — |  |  |  | 67,529 |
Total fixed-maturity securities held in trust |  | $ | 171,733 |  |  | $ | 2,221 |  |  | $ | (1,582 | ) |  | $ | 172,372 |
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 |  | $ | 97,103 |  |  | $ | 1,416 |  |  | $ | (156 | ) |  | $ | 98,363 |
Corporate debt securities |  |  | 91,997 |  |  |  | 3,010 |  |  |  | (34 | ) |  |  | 94,973 |
Commercial paper |  |  | 54,949 |  |  |  | — |  |  |  | — |  |  |  | 54,949 |
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 September 30, 2013 by contractual maturity are as follows:
|  | Amortized Cost |  |  | Estimated Fair Value |
Maturity in: |  |  |  |  |  |  |  |
2013 |  | $ | 62,361 |  |  | $ | 62,356 |
2014-2017 |  |  | 130,860 |  |  |  | 132,576 |
2018-2022 |  |  | 30,677 |  |  |  | 29,964 |
Thereafter |  |  | 23,333 |  |  |  | 23,072 |
Mortgage-backed securities |  |  | 2,385 |  |  |  | 2,332 |
Total fixed-maturity securities |  | $ | 249,616 |  |  | $ | 250,300 |
Summary of Net Investment Income | Net investment income for the periods ending September 30, 2013 and 2012 is summarized as follows:
|  | Successor |  |  | Successor |  |  | Successor |  |  | Successor |  |  | Predecessor |
|  | Three Months Ended September 30, 2013 |  |  | Three Months Ended September 30, 2012 |  |  | Nine Months Ended September 30, 2013 |  |  | Period from March 20, 2012 through September 30, 2012 |  |  | Period from January 1, 2012 through March 19, 2012 |
Investment income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of premium or discount on fixed-maturity securities |  | $ | (631 | ) |  | $ | (507 | ) |  | $ | (1,715 | ) |  | $ | (1,263 | ) |  | $ | (523 | )
Investment income on fixed-maturity securities |  |  | 1,621 |  |  |  | 2,113 |  |  |  | 5,258 |  |  |  | 5,377 |  |  |  | 2,467 |
Interest income on cash and equivalents |  |  | 2 |  |  |  | 58 |  |  |  | 11 |  |  |  | 87 |  |  |  | 3 |
Realized net gain (loss) from sale of investment |  |  | (767 | ) |  |  | 2,345 |  |  |  | (754 | ) |  |  | 2,617 |  |  |  | 176 |
Unrealized (losses) gains on trading securities held at period end |  |  | 565 |  |  |  | (867 | ) |  |  | (4,022 | ) |  |  | (594 | ) |  |  | 1,049 |
Net investment income |  | $ | 790 |  |  | $ | 3,142 |  |  | $ | (1,222 | ) |  | $ | 6,224 |  |  | $ | 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 September 30, 2013 and December 31, 2012:
|  | September 30, 2013 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Class of Security: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. government sponsored enterprises |  | $ | 7,438 |  |  | $ | 50,155 |  |  | $ | — |  |  | $ | 57,593 |
Corporate debt securities |  |  | 19,285 |  |  |  | 84,277 |  |  |  | — |  |  |  | 103,562 |
Commercial paper |  |  | 59,978 |  |  |  | — |  |  |  | — |  |  |  | 59,978 |
Foreign corporate debt securities |  |  | 2,561 |  |  |  | 24,274 |  |  |  | — |  |  |  | 26,835 |
Commercial mortgage-backed securities |  |  | — |  |  |  | 2,332 |  |  |  | — |  |  |  | 2,332 |
Total fixed maturity securities |  |  | 89,262 |  |  |  | 161,038 |  |  |  | — |  |  |  | 250,300 |
Money market funds |  |  | 20,556 |  |  |  | — |  |  |  | — |  |  |  | 20,556 |
Total |  | $ | 109,818 |  |  | $ | 161,038 |  |  | $ | — |  |  | $ | 270,856 |
|  | December 31, 2012 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Class of Security: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. government sponsored enterprises |  | $ | 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 |
|  | Nine months ended September 30, 2013 |  |  | Year ended 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 |  | $ | — |  |  | $ | 9,716 |  |  | $ | — |  |  | $ | 16,745 |
Foreign corporate debt securities |  |  | — |  |  |  | 2,561 |  |  |  | — |  |  |  | 1,001 |
Total Transfers |  | $ | — |  |  | $ | 12,277 |  |  | $ | — |  |  | $ | 17,746 |

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- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: 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=25499696&loc=d3e19207-110258 Reference 2: 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=25499696&loc=SL7498348-110258 Reference 3: 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=25499696&loc=d3e19279-110258 Reference 4: 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=25499696&loc=d3e19190-110258 + Details
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- Definition Tabular disclosure of investment income, including, but not limited to, interest and dividend income and amortization of discount (premium) derived from debt and equity securities. Excludes realized and unrealized gain (loss) on investments. + References Reference 1: 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=26872669&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.2) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913 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 210.5-03.7(a),(b)) -URI http://asc.fasb.org/extlink&oid=26872669&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=26872669&loc=d3e20235-122688 + Details
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- Definition Tabular disclosure of investments in trading securities. + References Reference 1: 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 2: 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 3: 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 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Trading Securities -URI http://asc.fasb.org/extlink&oid=6526789 Reference 5: 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 6: 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=27724398&loc=d3e27357-111563 + Details
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