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Securities, Available for Sale | 9 Months Ended
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Sep. 30, 2016
Investments, Debt and Equity Securities [Abstract] |
Investments in Available for Sale Securities | Securities, Available for Sale All of the Company’s investments in available for sale securities as of September 30, 2016 and December 31, 2015 are held by Fortegra. The following tables present the Company's investments in available for sale securities:
| As of September 30, 2016
| Amortized cost |  | Gross unrealized gains |  | Gross unrealized losses |  | Fair value
U.S. Treasury securities and obligations of U.S. government authorities and agencies | $ | 7,652 |  |  | $ | 152 |  |  | $ | (2 | ) |  | $ | 7,802 |
Obligations of state and political subdivisions | 56,979 |  |  | 1,140 |  |  | (48 | ) |  | 58,071 |
Corporate securities | 65,783 |  |  | 1,019 |  |  | (36 | ) |  | 66,766 |
Asset backed securities | 1,459 |  |  | 54 |  |  | — |  |  | 1,513 |
Certificates of deposit | 893 |  |  | — |  |  | — |  |  | 893 |
Equity securities | 817 |  |  | 25 |  |  | (2 | ) |  | 840 |
Obligations of foreign governments | 1,273 |  |  | 37 |  |  | — |  |  | 1,310 |
Total | $ | 134,856 |  |  | $ | 2,427 |  |  | $ | (88 | ) |  | $ | 137,195 |
| As of December 31, 2015
| Amortized cost |  | Gross unrealized gains |  | Gross unrealized losses |  | Fair value
U.S. Treasury securities and obligations of U.S. government authorities and agencies | $ | 53,274 |  |  | $ | 83 |  |  | $ | (221 | ) |  | $ | 53,136 |
Obligations of state and political subdivisions | 51,942 |  |  | 466 |  |  | (73 | ) |  | 52,335 |
Corporate securities | 68,400 |  |  | 89 |  |  | (651 | ) |  | 67,838 |
Asset backed securities | 1,525 |  |  | 4 |  |  | — |  |  | 1,529 |
Certificates of deposit | 893 |  |  | — |  |  | — |  |  | 893 |
Equity securities | 6,081 |  |  | 106 |  |  | (79 | ) |  | 6,108 |
Obligations of foreign governments | 2,931 |  |  | — |  |  | (67 | ) |  | 2,864 |
Total | $ | 185,046 |  |  | $ | 748 |  |  | $ | (1,091 | ) |  | $ | 184,703 |
The following tables summarize the gross unrealized losses on available for sale securities in an unrealized loss position:
| As of September 30, 2016
| Less Than or Equal to One Year |  | More Than One Year
| Fair value |  | Gross unrealized losses |  | # of Securities |  | Fair value |  | Gross unrealized losses |  | # of Securities
U.S. Treasury securities and obligations of U.S. government authorities and agencies | $ | 526 |  |  | $ | (1 | ) |  | 13 |  |  | $ | 33 |  |  | $ | (1 | ) |  | 7 |
Obligations of state and political subdivisions | 14,962 |  |  | (48 | ) |  | 60 |  |  | — |  |  | — |  |  | — |
Corporate securities | 11,163 |  |  | (34 | ) |  | 139 |  |  | 86 |  |  | (2 | ) |  | 4 |
Equity securities | — |  |  | — |  |  | — |  |  | 19 |  |  | (2 | ) |  | 2 |
Total | $ | 26,651 |  |  | $ | (83 | ) |  | 212 |  |  | $ | 138 |  |  | $ | (5 | ) |  | 13 |
| As of December 31, 2015
| Less Than or Equal to One Year |  | More Than One Year
| Fair value |  | Gross unrealized losses |  | # of Securities |  | Fair value |  | Gross unrealized losses |  | # of Securities
U.S. Treasury securities and obligations of U.S. government authorities and agencies | $ | 35,588 |  |  | $ | (221 | ) |  | 146 |  |  | $ | — |  |  | $ | — |  |  | — |
Obligations of state and political subdivisions | 18,500 |  |  | (59 | ) |  | 45 |  |  | 400 |  |  | (14 | ) |  | 2 |
Corporate securities | 56,373 |  |  | (634 | ) |  | 302 |  |  | 267 |  |  | (17 | ) |  | 6 |
Equity securities | 1,998 |  |  | (79 | ) |  | 8 |  |  | — |  |  | — |  |  | — |
Obligations of foreign governments | 2,863 |  |  | (67 | ) |  | 18 |  |  | — |  |  | — |  |  | — |
Total | $ | 115,322 |  |  | $ | (1,060 | ) |  | 519 |  |  | $ | 667 |  |  | $ | (31 | ) |  | 8 |
The Company does not intend to sell the investments that were in an unrealized loss position at September 30, 2016, and management believes that it is more likely than not that the Company will be able to hold these securities until full recovery of their amortized cost basis for fixed maturity securities or cost for equity securities. The unrealized losses were attributable to changes in interest rates and not credit-related issues. As of September 30, 2016, based on the Company's review, none of the fixed maturity or equity securities were deemed to be other-than-temporarily impaired based on the Company's analysis of the securities and its intent to hold the securities until recovery. There have been no other-than-temporary impairments recorded by the Company for the three and nine months ended September 30, 2016. The amortized cost and fair values of investments in debt securities, by contractual maturity date, are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Excluded from this table are equity securities since they have no contractual maturity.
| As of
| September 30, 2016 |  | December 31, 2015
| Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
Due in one year or less | $ | 18,247 |  |  | $ | 18,240 |  |  | $ | 20,347 |  |  | $ | 20,319 |
Due after one year through five years | 64,291 |  |  | 64,959 |  |  | 76,967 |  |  | 76,578 |
Due after five years through ten years | 45,947 |  |  | 47,449 |  |  | 56,133 |  |  | 56,240 |
Due after ten years | 4,095 |  |  | 4,194 |  |  | 23,993 |  |  | 23,929 |
Asset backed securities | 1,459 |  |  | 1,513 |  |  | 1,525 |  |  | 1,529 |
Total | $ | 134,039 |  |  | $ | 136,355 |  |  | $ | 178,965 |  |  | $ | 178,595 |
The following table presents additional information on the Company’s available for sale securities:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2016 |  | 2015 |  | 2016 |  | 2015
Purchases of available for sale securities | $ | 12,799 |  |  | $ | 33,324 |  |  | $ | 22,477 |  |  | $ | 61,697 |
Proceeds from maturities, calls and prepayments of available for sale securities | $ | 4,483 |  |  | $ | 12,187 |  |  | $ | 26,086 |  |  | $ | 28,592 |
Gains (losses) realized on maturities, calls and prepayments of available for sale securities | $ | (14 | ) |  | $ | (56 | ) |  | $ | 83 |  |  | $ | (60 | )
Gross proceeds from sales of available for sale securities | $ | 35,069 |  |  | $ | 9,105 |  |  | $ | 45,928 |  |  | $ | 10,838 |
Gains (losses) realized on sales of available for sale securities | $ | 974 |  |  | $ | — |  |  | $ | 1,016 |  |  | $ | 4 |

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