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Investments (Tables) | 3 Months Ended
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Mar. 31, 2014
Investments Debt And Equity Securities [Abstract] |
Summary of Cost or Amortized Cost, Gross Unrealized Gains and Losses, and Estimated Fair Value Available-for-Sale Securities | At March 31, 2014 and December 31, 2013, 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:
|  | Cost or Amortized Cost |  |  | Gross Unrealized Gain |  |  | Gross Unrealized Loss |  |  | Estimated Fair Value |
As of March 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |
Fixed-maturity securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury and U.S. government agencies |  | $ | 4,351 |  |  | $ | 103 |  |  | $ | (1 | ) |  | $ | 4,453 |
Corporate bonds |  |  | 30,062 |  |  |  | 781 |  |  |  | (71 | ) |  |  | 30,772 |
Commercial mortgage-backed securities |  |  | 10,867 |  |  |  | 470 |  |  |  | (59 | ) |  |  | 11,278 |
State, municipalities, and political subdivisions |  |  | 80,877 |  |  |  | 2,234 |  |  |  | (66 | ) |  |  | 83,045 |
Redeemable preferred stock |  |  | 3,523 |  |  |  | 46 |  |  |  | (4 | ) |  |  | 3,565 |
Total |  |  | 129,680 |  |  |  | 3,634 |  |  |  | (201 | ) |  |  | 133,113 |
Equity securities |  |  | 22,174 |  |  |  | 1,113 |  |  |  | (415 | ) |  |  | 22,872 |
Total available-for-sale securities |  | $ | 151,854 |  |  | $ | 4,747 |  |  | $ | (616 | ) |  | $ | 155,985 |
As of December 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |
Fixed-maturity securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury and U.S. government agencies |  | $ | 4,549 |  |  | $ | 37 |  |  | $ | (22 | ) |  | $ | 4,564 |
Corporate bonds |  |  | 25,139 |  |  |  | 484 |  |  |  | (219 | ) |  |  | 25,404 |
Commercial mortgage-backed securities |  |  | 10,929 |  |  |  | 499 |  |  |  | (96 | ) |  |  | 11,332 |
State, municipalities, and political subdivisions |  |  | 69,715 |  |  |  | 917 |  |  |  | (181 | ) |  |  | 70,451 |
Redeemable preferred stock |  |  | 406 |  |  |  | 5 |  |  |  | (11 | ) |  |  | 400 |
Total |  |  | 110,738 |  |  |  | 1,942 |  |  |  | (529 | ) |  |  | 112,151 |
Equity securities |  |  | 17,248 |  |  |  | 920 |  |  |  | (519 | ) |  |  | 17,649 |
Total available-for-sale securities |  | $ | 127,986 |  |  | $ | 2,862 |  |  | $ | (1,048 | ) |  | $ | 129,800 |
Scheduled Contractual Maturities of Fixed-Maturity Securities | The scheduled contractual maturities of fixed-maturity securities at March 31, 2014 and December 31, 2013 are as follows:
|  | Amortized Cost |  |  | Estimated Fair Value |
As of March 31, 2014 |  |  |  |  |  |
Available-for-sale |  |  |  |  |  |  |  |
Due in one year or less |  | $ | 3,347 |  |  | $ | 3,402 |
Due after one year through five years |  |  | 31,570 |  |  |  | 32,140 |
Due after five years through ten years |  |  | 69,097 |  |  |  | 70,901 |
Due after ten years |  |  | 14,799 |  |  |  | 15,392 |
Commercial mortgage-backed securities |  |  | 10,867 |  |  |  | 11,278 |
|  | $ | 129,680 |  |  | $ | 133,113 |
As of December 31, 2013 |  |  |  |  |  |
Available-for-sale |  |  |  |  |  |  |  |
Due in one year or less |  | $ | 2,366 |  |  | $ | 2,381 |
Due after one year through five years |  |  | 24,829 |  |  |  | 25,145 |
Due after five years through ten years |  |  | 59,083 |  |  |  | 59,582 |
Due after ten years |  |  | 13,531 |  |  |  | 13,711 |
Commercial mortgage-backed securities |  |  | 10,929 |  |  |  | 11,332 |
|  | $ | 110,738 |  |  | $ | 112,151 |
Summary of Proceeds Received and Gross Realized Gains and Losses from Sales of Available for Sale Securities | Proceeds received, and the gross realized gains and losses, from sales of available-for-sale securities for the three months ended March 31, 2014 and 2013 were as follows:
|  | Proceeds |  |  | Gross Realized Gains |  |  | Gross Realized Losses |
Three months ended March 31, 2014 |  |  |  |  |  |  |  |  |
Fixed-maturity securities |  | $ | 1,691 |  |  | $ | 65 |  |  | $ | (9 | )
Equity securities |  | $ | 2,764 |  |  | $ | 75 |  |  | $ | (127 | )
Three months ended March 31, 2013 |  |  |  |  |  |  |  |  |
Fixed-maturity securities |  | $ | 1,037 |  |  | $ | 32 |  |  | $ | — |
Equity securities |  | $ | 361 |  |  | $ | 20 |  |  | $ | (32 | )
Summary of Securities with Gross Unrealized Loss Positions Aggregated by Investment Category | Securities with gross unrealized loss positions at March 31, 2014 and December 31, 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 |
As of March 31, 2014 |  | Gross Unrealized Loss |  |  | Estimated Fair Value |  |  | Gross Unrealized Loss |  |  | Estimated Fair Value |  |  | Gross Unrealized Loss |  |  | Estimated Fair Value |
Fixed-maturity securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. treasury and U.S. government agencies |  | $ | (1 | ) |  | $ | 310 |  |  | $ | — |  |  | $ | — |  |  | $ | (1 | ) |  | $ | 310 |
Corporate bonds |  |  | (67 | ) |  |  | 3,232 |  |  |  | (4 | ) |  |  | 230 |  |  |  | (71 | ) |  |  | 3,462 |
Commercial mortgage-backed securities |  |  | (37 | ) |  |  | 1,957 |  |  |  | (22 | ) |  |  | 338 |  |  |  | (59 | ) |  |  | 2,295 |
State, municipalities, and political subdivisions |  |  | (36 | ) |  |  | 6,071 |  |  |  | (30 | ) |  |  | 193 |  |  |  | (66 | ) |  |  | 6,264 |
Redeemable preferred stock |  |  | (4 | ) |  |  | 483 |  |  |  | — |  |  |  | — |  |  |  | (4 | ) |  |  | 483 |
Total fixed-maturity securities |  |  | (145 | ) |  |  | 12,053 |  |  |  | (56 | ) |  |  | 761 |  |  |  | (201 | ) |  |  | 12,814 |
Equity securities |  |  | (202 | ) |  |  | 10,266 |  |  |  | (213 | ) |  |  | 1,090 |  |  |  | (415 | ) |  |  | 11,356 |
Total available-for-sale securities |  | $ | (347 | ) |  | $ | 22,319 |  |  | $ | (269 | ) |  | $ | 1,851 |  |  | $ | (616 | ) |  | $ | 24,170 |
|  | Less Than Twelve Months |  |  | Twelve Months or Greater |  |  | Total |
As of December 31, 2013 |  | Gross Unrealized Loss |  |  | Estimated Fair Value |  |  | Gross Unrealized Loss |  |  | Estimated Fair Value |  |  | Gross Unrealized Loss |  |  | Estimated Fair Value |
Fixed-maturity securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. treasury and U.S. government agencies |  | $ | (22 | ) |  | $ | 3,291 |  |  | $ | — |  |  | $ | — |  |  | $ | (22 | ) |  | $ | 3,291 |
Corporate bonds |  |  | (212 | ) |  |  | 9,502 |  |  |  | (7 | ) |  |  | 230 |  |  |  | (219 | ) |  |  | 9,732 |
Commercial mortgage-backed securities |  |  | (96 | ) |  |  | 2,179 |  |  |  | — |  |  |  | — |  |  |  | (96 | ) |  |  | 2,179 |
State, municipalities, and political subdivisions |  |  | (181 | ) |  |  | 20,233 |  |  |  | — |  |  |  | — |  |  |  | (181 | ) |  |  | 20,233 |
Redeemable preferred stock |  |  | (11 | ) |  |  | 239 |  |  |  | — |  |  |  | — |  |  |  | (11 | ) |  |  | 239 |
Total fixed-maturity securities |  |  | (522 | ) |  |  | 35,444 |  |  |  | (7 | ) |  |  | 230 |  |  |  | (529 | ) |  |  | 35,674 |
Equity securities |  |  | (273 | ) |  |  | 10,742 |  |  |  | (246 | ) |  |  | 1,069 |  |  |  | (519 | ) |  |  | 11,811 |
Total available-for-sale securities |  | $ | (795 | ) |  | $ | 46,186 |  |  | $ | (253 | ) |  | $ | 1,299 |  |  | $ | (1,048 | ) |  | $ | 47,485 |
Summary of Other Invested Assets | Other investments consist of the following as of March 31, 2014 and December 31, 2013:
|  | March 31, 2014 |  |  | December 31, 2013 |
Land |  | $ | 11,476 |  |  | $ | 11,299 |
Land improvements |  |  | 1,399 |  |  |  | 1,351 |
Buildings |  |  | 3,097 |  |  |  | 3,022 |
Other |  |  | 1,281 |  |  |  | 1,262 |
Total, at cost |  |  | 17,253 |  |  |  | 16,934 |
Less: accumulated depreciation and amortization |  |  | (803 | ) |  |  | (706 | )
Other investments |  | $ | 16,450 |  |  | $ | 16,228 |

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