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Investments (Tables)
12 Months Ended
Dec. 31, 2012
Summary of Investment Holdings [Line Items]  
Gross unrealized gains and losses and the cost and fair value of investments classified as held-to-maturity
                                 
    Cost or
Amortized
Cost
    Gross
Unrealized
Gains
    Gross
Unrealized
Losses
    Fair Value  
    (In thousands)  

States and political subdivisions

  $ 400,687     $ 31,387     $ (106   $ 431,968  

Corporate bonds

    82,824       1,565       (12     84,377  

Commercial mortgage-backed securities

    51,529       6,433       —          57,962  

U.S. agency-based mortgage-backed securities

    32,984       3,063       (5     36,042  

U.S. Treasury securities and obligations of U.S. Government agencies

    11,034       1,721       —          12,755  

Asset-backed securities

    4,229       192       (176     4,245  
   

 

 

   

 

 

   

 

 

   

 

 

 

Totals

  $ 583,287     $ 44,361     $ (299   $ 627,349  
   

 

 

   

 

 

   

 

 

   

 

 

 
                                 
    Cost or
Amortized
Cost
    Gross
Unrealized
Gains
    Gross
Unrealized
Losses
    Fair Value  
    (In thousands)  

States and political subdivisions

  $ 441,273     $ 29,026     $ (360   $ 469,939  

Corporate bonds

    92,682       1,539       (130     94,091  

Commercial mortgage-backed securities

    51,550       4,195       —          55,745  

U.S. agency-based mortgage-backed securities

    46,096       4,162       (44     50,214  

U.S. Treasury securities and obligations of U.S. Government agencies

    9,141       1,634       —          10,775  

Asset-backed securities

    5,306       17       (845     4,478  
   

 

 

   

 

 

   

 

 

   

 

 

 

Totals

  $ 646,048     $ 40,573     $ (1,379   $ 685,242  
   

 

 

   

 

 

   

 

 

   

 

 

 
Gross unrealized gains and losses and the cost and fair value of investments classified as available-for-sale
                                 
    Cost or
Amortized
Cost
    Gross
Unrealized
Gains
    Gross
Unrealized
Losses
    Fair Value  
    (In thousands)  

Fixed Maturity:

                               

States and political subdivisions

  $ 93,362     $ 5,022     $ (142   $ 98,242  

Corporate bonds

    39,211       623       (24     39,810  

U.S. agency-based mortgage-backed securities

    11,941       5       (859     11,087  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total Fixed Maturity

    144,514       5,650       (1,025     149,139  

Equity securities

    7,000       451       (685     6,766  
   

 

 

   

 

 

   

 

 

   

 

 

 

Totals

  $ 151,514     $ 6,101     $ (1,710   $ 155,905  
   

 

 

   

 

 

   

 

 

   

 

 

 
                                 
    Cost     Gross
Unrealized
Gains
    Gross
Unrealized
Losses
    Fair Value  
    (In thousands)  

Fixed Maturity:

                               

States and political subdivisions

  $ 55,275     $ 2,488     $ (1   $ 57,762  

Corporate bonds

    42,802       411       (233     42,980  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total Fixed Maturity

    98,077       2,899       (234     100,742  

Equity securities

    11,776       661       (197     12,240  
   

 

 

   

 

 

   

 

 

   

 

 

 

Totals

  $ 109,853     $ 3,560     $ (431   $ 112,982  
   

 

 

   

 

 

   

 

 

   

 

 

 
A summary of the Company's realized gains and losses on sales, calls or redemptions of investments
                                 
    Fixed
Maturity
Securities
Available
for Sale
    Equity
Securities
    Other     Total  
    (In thousands)  

Year ended December 31, 2012

                               

Proceeds from sales

  $ 22,363     $ 10,777     $ —       $ 33,140  
   

 

 

   

 

 

   

 

 

   

 

 

 

Gross realized investment gains

  $ 1,555     $ 1,186     $ —       $ 2,741  

Gross realized investment (losses)

    —          —          —          —     
   

 

 

   

 

 

   

 

 

   

 

 

 

Net realized investment gain

    1,555       1,186       —          2,741  

Other, including gains on calls and redemptions

    15       —          223       238  
   

 

 

   

 

 

   

 

 

   

 

 

 

Net realized investment gains

  $ 1,570     $ 1,186     $ 223     $ 2,979  
   

 

 

   

 

 

   

 

 

   

 

 

 

Year ended December 31, 2011

                               

Proceeds from sales

  $ 21,560     $ 14,769     $ —       $ 36,329  
   

 

 

   

 

 

   

 

 

   

 

 

 

Gross realized investment gains

  $ 815     $ 1,621     $ —       $ 2,436  

Gross realized investment (losses)

    —          (98     (1     (99
   

 

 

   

 

 

   

 

 

   

 

 

 

Net realized investment gain

    815       1,523       (1     2,337  

Impairments

    —          —          (169     (169

Other, including gains on calls and redemptions

    —          —          60       60  
   

 

 

   

 

 

   

 

 

   

 

 

 

Net realized investment gains

  $ 815     $ 1,523     $ (110   $ 2,228  
   

 

 

   

 

 

   

 

 

   

 

 

 

Year ended December 31, 2010

                               

Proceeds from sales

  $ 15,462     $ 14,695     $ —       $ 30,157  
   

 

 

   

 

 

   

 

 

   

 

 

 

Gross realized investment gains

  $ —        $ 2,650     $ —       $ 2,650  

Gross realized investment (losses)

    —          —          —          —     
   

 

 

   

 

 

   

 

 

   

 

 

 

Net realized investment gain

    —          2,650       —          2,650  

Impairments

    —          (693     —          (693

Other, including gains on calls and redemptions

    411       —          81       492  
   

 

 

   

 

 

   

 

 

   

 

 

 

Net realized investment gains

  $ 411     $ 1,957     $ 81     $ 2,449  
   

 

 

   

 

 

   

 

 

   

 

 

 
Major categories of the Company's net investment income
                         
    Year Ended December 31,  
  2012     2011     2010  
    (In thousands)  

Gross investment income:

                       

Fixed maturity securities

  $ 27,167     $ 26,769     $ 26,571  

Short-term investments and cash and cash equivalents

    489       590       819  

Equity securities

    446       181       71  
   

 

 

   

 

 

   

 

 

 

Total gross investment income

    28,102       27,540       27,461  

Investment expenses

    (1,084     (1,200     (1,219
   

 

 

   

 

 

   

 

 

 

Net investment income

  $ 27,018     $ 26,340     $ 26,242  
   

 

 

   

 

 

   

 

 

 
Investment securities continuous unrealized loss position
                                                 
    As of December 31, 2012  
    Less Than 12 Months     12 Months or Greater     Total  
    Fair Value of
Investments
with
Unrealized
Losses
    Gross
Unrealized
Losses
    Fair Value of
Investments
with
Unrealized
Losses
    Gross
Unrealized
Losses
    Fair Value of
Investments
with
Unrealized
Losses
    Gross
Unrealized
Losses
 
    (in thousands)  
Held-to-Maturity                                                

Fixed maturity securities:

                                               

Corporate bonds

  $ 10,734     $ 12     $ —        $
 

  
  
  
  $ 10,734     $ 12  

States and political subdivisions

    11,913       106       —          —          11,913       106  

U.S. agency-based mortgage-backed securities

    117       —          68       5       185       5  

Asset-backed securities

    —          —          2,277       176       2,277       176  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total held-to-maturity securities

    22,764       118       2,345       181       25,109       299  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Available-for Sale                                                

Fixed maturity securities:

                                               

Corporate bonds

  $ 6,411     $ 24     $ —        $
 

  
  
  
  $ 6,411     $ 24  

States and political subdivisions

    6,281       142       —          —          6,281       142  

U.S. agency-based mortgage-backed securities

    10,919       859       —          —          10,919       859  

Equity Securities

    4,186       685       —          —          4,186       685  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total available-for-sale securities

    27,797       1,710       —          —          27,797       1,710  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 50,561     $ 1,828     $ 2,345     $ 181     $ 52,906     $ 2,009  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
                                                 
    As of December 31, 2011  
    Less Than 12 Months     12 Months or Greater     Total  
    Fair Value of
Investments
with
Unrealized
Losses
    Gross
Unrealized
Losses
    Fair Value of
Investments
with
Unrealized
Losses
    Gross
Unrealized
Losses
    Fair Value of
Investments
with
Unrealized
Losses
    Gross
Unrealized
Losses
 
    (in thousands)  
Held-to-Maturity                                                

Fixed maturity securities:

                                               

Corporate bonds

  $ 23,063     $ 130     $ —        $ —        $ 23,063     $ 130  

States and political subdivisions

    2,291       3       5,718       357       8,009       360  

U.S. agency-based mortgage-backed securities

    —          —          1,012       44       1,012       44  

Asset-backed securities

    545       15       3,880       830       4,425       845  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total held-to-maturity securities

    25,899       148       10,610       1,231       36,509       1,379  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Available-for Sale                                                

Fixed maturity securities:

                                               

Corporate bonds

  $ 14,301     $ 233     $ —        $ —        $ 14,301     $ 233  

States and political subdivisions

    222       1       —          —          222       1  

Equity Securities

    2,789       197       —          —          2,789       197  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total available-for-sale securities

    17,312       431       —          —          17,312       431  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 43,211     $ 579     $ 10,610     $ 1,231     $ 53,821     $ 1,810  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Total held-to-maturity securities [Member]
 
Summary of Investment Holdings [Line Items]  
Summary of the cost or amortized cost and fair value of investments in fixed maturity securities, by contractual maturity
                 
    Cost or
Amortized
Cost
    Fair Value  
    (In thousands)  

Maturity:

               

Due in 2013

  $ 81,159     $ 81,897  

In 2014 through 2017

    147,800       156,272  

In 2018 through 2022

    138,680       154,343  

After 2022

    126,906       136,588  

U.S. agency-based mortgage-backed securities

    32,984       36,042  

Commercial mortgage-backed securities

    51,529       57,962  

Asset-backed securities

    4,229       4,245  
   

 

 

   

 

 

 

Totals

  $ 583,287     $ 627,349  
   

 

 

   

 

 

 
Total available-for-sale securities [Member]
 
Summary of Investment Holdings [Line Items]  
Summary of the cost or amortized cost and fair value of investments in fixed maturity securities, by contractual maturity
                 
    Cost or
Amortized
Cost
    Fair Value  
    (In thousands)  

Maturity:

               

Due in 2013

  $ 7,239     $ 7,223  

In 2014 through 2017

    24,641       25,003  

In 2018 through 2022

    18,708       19,342  

After 2021

    81,985       86,484  

U.S. agency-based mortgage-backed securities

    11,941       11,087  
   

 

 

   

 

 

 

Totals

  $ 144,514     $ 149,139