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Investments | 6 Months Ended
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Jun. 30, 2013
Investments Debt And Equity Securities [Abstract] |
Investments | Note 3 — Investments The Company holds investments in fixed-maturity securities and equity securities that are classified as available-for-sale. At June 30, 2013 and December 31, 2012, the amortized cost, gross unrealized gains and losses, and estimated fair value of the Company’s available-for-sale securities by security type were as follows:
|  | Amortized Cost |  |  | Gross Unrealized Gain |  |  | Gross Unrealized Loss |  |  | Estimated Fair Value |
As of June 30, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed-maturity securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury and U.S. government agencies |  | $ | 1,671 |  |  |  | 45 |  |  |  | (3 | ) |  |  | 1,713 |
Corporate bonds |  |  | 15,017 |  |  |  | 375 |  |  |  | (86 | ) |  |  | 15,306 |
Commercial mortgage-backed securities |  |  | 11,133 |  |  |  | 589 |  |  |  | (82 | ) |  |  | 11,640 |
State, municipalities, and political subdivisions |  |  | 10,251 |  |  |  | 489 |  |  |  | (56 | ) |  |  | 10,684 |
Redeemable preferred stock |  |  | 766 |  |  |  | 12 |  |  |  | (2 | ) |  |  | 776 |
Total |  |  | 38,838 |  |  |  | 1,510 |  |  |  | (229 | ) |  |  | 40,119 |
Equity securities |  |  | 10,156 |  |  |  | 566 |  |  |  | (387 | ) |  |  | 10,335 |
Total available-for-sale securities |  | $ | 48,994 |  |  |  | 2,076 |  |  |  | (616 | ) |  |  | 50,454 |
As of December 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed-maturity securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury and U.S. government agencies |  | $ | 1,359 |  |  |  | 88 |  |  |  | — |  |  |  | 1,447 |
Corporate bonds |  |  | 10,298 |  |  |  | 572 |  |  |  | (10 | ) |  |  | 10,860 |
Commercial mortgage-backed securities |  |  | 10,708 |  |  |  | 936 |  |  |  | — |  |  |  | 11,644 |
State, municipalities, and political subdivisions |  |  | 10,152 |  |  |  | 914 |  |  |  | — |  |  |  | 11,066 |
Redeemable preferred stock |  |  | 919 |  |  |  | 18 |  |  |  | (1 | ) |  |  | 936 |
Total |  |  | 33,436 |  |  |  | 2,528 |  |  |  | (11 | ) |  |  | 35,953 |
Equity securities |  |  | 8,756 |  |  |  | 303 |  |  |  | (183 | ) |  |  | 8,876 |
Total available-for-sale securities |  | $ | 42,192 |  |  |  | 2,831 |  |  |  | (194 | ) |  |  | 44,829 |
The scheduled maturities of fixed-maturity securities at June 30, 2013 are as follows:
|  | Amortized Cost |  |  | Estimated Fair Value |
Available-for-sale |  |  |  |  |  |  |  |
Due in one year or less |  | $ | 1,376 |  |  |  | 1,380 |
Due after one year through five years |  |  | 9,824 |  |  |  | 10,103 |
Due after five years through ten years |  |  | 10,783 |  |  |  | 10,969 |
Due after ten years |  |  | 5,722 |  |  |  | 6,026 |
Commercial mortgage-backed securities |  |  | 11,133 |  |  |  | 11,641 |
|  | $ | 38,838 |  |  |  | 40,119 |
Investment Sales Proceeds received, and the gross realized gains and losses from sales of available-for-sale securities, for the three and six months ended June 30, 2013 and 2012 were as follows:
|  | Proceeds |  |  | Gross Realized Gains |  |  | Gross Realized Losses |
Three months ended June 30, 2013 |  |  |  |  |  |  |  |  |  |  |  |
Fixed-maturity securities |  | $ | 322 |  |  |  | 2 |  |  |  | (3 | )
Equity securities |  | $ | 952 |  |  |  | 44 |  |  |  | (51 | )
Three months ended June 30, 2012 |  |  |  |  |  |  |  |  |  |  |  |
Fixed-maturity securities |  | $ | 1,197 |  |  |  | 11 |  |  |  | — |
Equity securities |  | $ | 1,412 |  |  |  | 8 |  |  |  | (10 | )
Six months ended June 30, 2013 |  |  |  |  |  |  |  |  |  |  |  |
Fixed-maturity securities |  | $ | 1,359 |  |  |  | 34 |  |  |  | (3 | )
Equity securities |  | $ | 1,313 |  |  |  | 64 |  |  |  | (83 | )
Six months ended June 30, 2012 |  |  |  |  |  |  |  |  |  |  |  |
Fixed-maturity securities |  | $ | 2,419 |  |  |  | 40 |  |  |  | (3 | )
Equity securities |  | $ | 1,512 |  |  |  | 8 |  |  |  | (15 | )
Other-than-temporary Impairment The Company regularly reviews its individual investment securities for other-than-temporary impairment. The Company considers various factors in determining whether each individual security is other-than-temporarily impaired, including:
| • |  | the financial condition and near-term prospects of the issuer, including any specific events that may affect its operations or earnings;
| • |  | the length of time and the extent to which the market value of the security has been below its cost or amortized cost;
| • |  | general market conditions and industry or sector specific factors;
| • |  | nonpayment by the issuer of its contractually obligated interest and principal payments; and
| • |  | the Company’s intent and ability to hold the investment for a period of time sufficient to allow for the recovery of costs.
Securities with gross unrealized loss positions at June 30, 2013, aggregated by investment category and length of time the individual securities have been in a continuous loss position, are as follows:
|  | Less Than Twelve Months |  |  | Twelve Months or Greater |  |  | Total |
|  | Gross |  |  | Estimated |  |  | Gross |  |  | Estimated |  |  | Gross |  |  | Estimated |
|  | Unrealized |  |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |  |  | Fair |
As of June 30, 2013 |  | Loss |  |  | Value |  |  | Loss |  |  | Value |  |  | Loss |  |  | Value |
Fixed-maturity securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury and U.S. government agencies |  | $ | (3 | ) |  |  | 510 |  |  |  | — |  |  |  | — |  |  |  | (3 | ) |  |  | 510 |
Corporate bonds |  |  | (86 | ) |  |  | 3,656 |  |  |  | — |  |  |  | — |  |  |  | (86 | ) |  |  | 3,656 |
Commercial mortgage-backed securities |  |  | (82 | ) |  |  | 1,949 |  |  |  | — |  |  |  | — |  |  |  | (82 | ) |  |  | 1,949 |
State, municipalities, and political subdivisions |  |  | (56 | ) |  |  | 1,571 |  |  |  | — |  |  |  | — |  |  |  | (56 | ) |  |  | 1,571 |
Redeemable preferred stock |  |  | (2 | ) |  |  | 197 |  |  |  | — |  |  |  | — |  |  |  | (2 | ) |  |  | 197 |
Total fixed-maturity securities |  |  | (229 | ) |  |  | 7,883 |  |  |  | — |  |  |  | — |  |  |  | (229 | ) |  |  | 7,883 |
Equity securities |  |  | (328 | ) |  |  | 6,266 |  |  |  | (59 | ) |  |  | 181 |  |  |  | (387 | ) |  |  | 6,447 |
Total available-for-sale securities |  | $ | (557 | ) |  |  | 14,149 |  |  |  | (59 | ) |  |  | 181 |  |  |  | (616 | ) |  |  | 14,330 |
The Company believes there are no fundamental issues such as credit losses or other factors with respect to any of its available-for-sale securities. The unrealized losses on investments in fixed-maturity securities were caused primarily by interest-rate changes. It is expected that the securities will not be settled at a price less than the par value of the investments. In determining whether equity securities are other-than-temporarily impaired, the Company considers its intent and ability to hold a security for a period of time sufficient to allow for the recovery of cost. Because the declines in fair value are attributable to changes in interest rates or market conditions and not credit quality, and because the Company has the ability and intent to hold its available-for-sale investments until a market price recovery or maturity, the Company does not consider any of its investments to be other-than-temporarily impaired at June 30, 2013. Other Investments Other investments consist of the following as of June 30, 2013 and December 31, 2012:
|  | June 30, |  |  | December 31, |
|  | 2013 |  |  | 2012 |
Land |  | $ | 11,009 |  |  |  | 10,993 |
Land improvements |  |  | 1,351 |  |  |  | 1,326 |
Buildings |  |  | 2,873 |  |  |  | 2,869 |
Other |  |  | 1,311 |  |  |  | 1,238 |
Total, at cost |  |  | 16,544 |  |  |  | 16,426 |
Less: accumulated depreciation and amortization |  |  | (530 | ) |  |  | (339 | )
Other investments |  | $ | 16,014 |  |  |  | 16,087 |
Depreciation and amortization expense related to other investments was $96 and $66, respectively, for the three months ended June 30, 2013 and 2012 and $191 and $95, respectively, for the six months ended June 30, 2013 and 2012.

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