XML 38 R22.htm IDEA: XBRL DOCUMENT v2.4.0.8

Investment Securities (Tables)

3 Months Ended

Mar. 31, 2014

Investments Debt And Equity Securities [Abstract]

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, 2014, are as follows:

		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Estimated Fair Value
Obligations of U.S. government sponsored enterprises		$	8,491			$	46			$	(40	)		$	8,497
Corporate debt securities			89,529				1,306				(104	)			90,731
Commercial paper			96,115				—				—				96,115
Foreign corporate debt securities			21,064				178				(105	)			21,137
Total fixed-maturity securities			215,199				1,530				(249	)			216,480
Less total unrestricted fixed-maturity securities – trading			7,303				234				(12	)			7,525
Less total unrestricted fixed-maturity securities – held to maturity			78,638				—				—				78,638
Total fixed-maturity securities held in trust		$	129,258			$	1,296			$	(237	)		$	130,317

The amortized cost, gross unrealized gains, gross unrealized losses and estimated fair values of fixed-maturity securities held in trust at December 31, 2013, are as follows:

		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Estimated Fair Value
Obligations of U.S. government sponsored enterprises		$	15,868			$	127			$	(163	)		$	15,832
Corporate debt securities			80,624				1,450				(182	)			81,892
Commercial paper			98,929				4				(1	)			98,932
Foreign corporate debt securities			22,166				149				(170	)			22,145
Total fixed-maturity securities			217,587				1,730				(516	)			218,801
Less total unrestricted fixed-maturity securities – trading			7,326				232				(13	)			7,545
Less total unrestricted fixed-maturity securities – held to maturity			65,352				—				—				65,352
Total fixed-maturity securities held in trust		$	144,909			$	1,498			$	(503	)		$	145,904

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, 2014 by contractual maturity are as follows:

		Amortized Cost				Estimated Fair Value
Maturity in:
2014		$	120,156			$	120,186
2015-2019			94,040				95,265
2020-2023			1,003				1,029
Thereafter			—				—
Total fixed-maturity securities		$	215,199			$	216,480

Summary of Net Investment Income

Net investment income for the three months ended March 31, 2014 and 2013, respectively, is summarized as follows:

		Three Months Ended March 31, 2014				Three Months Ended March 31, 2013
Investment income:
Amortization of premium or discount on fixed-maturity securities		$	(529	)		$	(488	)
Investment income on fixed-maturity securities			1,102				1,858
Interest income on cash and equivalents			2				4
Realized net gain from sale of investments			27				134
Unrealized (losses) gains on trading securities held at period end			66				(812	)
Net investment income		$	668			$	696

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, 2014 and December 31, 2013, respectively:

		March 31, 2014
		Level 1				Level 2				Level 3				Total
Class of Security:
Obligations of U.S. government sponsored enterprises		$	3,042			$	5,455			$	—			$	8,497
Corporate debt securities			29,813				60,918				—				90,731
Commercial paper			96,115				—				—				96,115
Foreign corporate debt securities			6,842				14,295				—				21,137
Total fixed-maturity securities			135,812				80,668				—				216,480
Money market funds			42,019				—				—				42,019
Total		$	177,831			$	80,668			$	—			$	258,499
		December 31, 2013
		Level 1				Level 2				Level 3				Total
Class of Security:
Obligations of U.S. government sponsored enterprises		$	6,299			$	9,533			$	—			$	15,832
Corporate debt securities			11,891				70,001				—				81,892
Commercial paper			98,932				—				—				98,932
Foreign corporate debt securities			7,652				14,493				—				22,145
Total fixed-maturity securities			124,774				94,027				—				218,801
Money market funds			44,863				—				—				44,863
Total		$	169,637			$	94,027			$	—			$	263,664

Summary of Transfers between Level 1 and Level 2

		January 1, 2014 to March 31, 2014								January 1, 2013 to December 31, 2013
		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		$	—			$	11,299			$	—			$	4,598
Foreign corporate debt securities			—				768				—				2,537
Total transfers		$	—			$	12,067			$	—			$	7,135

X

- 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

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_InvestmentIncomeTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Fair Value Transfers Between Level One And Level Two Table [Text Block]

+ References

No definition available.

+ Details

Name:	wmih_FairValueTransfersBetweenLevelOneAndLevelTwoTableTextBlock
Namespace Prefix:	wmih_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of Amortized cost and estimated fair value of fixed-maturity securities by contractual maturity.

+ References

No definition available.

+ Details

Name:	wmih_ScheduleOfAmortizedCostAndEstimatedFairValueOfFixedMaturitySecuritiesByContractualMaturityTableTextBlock
Namespace Prefix:	wmih_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration