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Securities, Available for Sale
9 Months Ended
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