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Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 2016
Fair Value Disclosures [Abstract] |
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis | At September 30, 2016, assets and liabilities measured at fair value on a recurring basis are summarized below:
|  | September 30, 2016 |
|  | Level 1 Inputs |  |  | Level 2 Inputs |  |  | Level 3 Inputs |  |  | Total Fair Value |
|  | (in thousands) |
Financial instruments carried at fair value, classified as a part of: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale—equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Domestic common stock |  | $ | 32 |  |  | $ | — |  |  | $ | — |  |  | $ | 32 |
Securities available for sale—fixed maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
States and political subdivisions |  |  | — |  |  |  | 196,780 |  |  |  | — |  |  |  | 196,780 |
Corporate bonds |  |  | — |  |  |  | 199,212 |  |  |  | — |  |  |  | 199,212 |
U.S. agency-based mortgage-backed securities |  |  | — |  |  |  | 11,280 |  |  |  | — |  |  |  | 11,280 |
U.S. Treasury securities |  |  | 63,348 |  |  |  | — |  |  |  | — |  |  |  | 63,348 |
Total securities available for sale—fixed maturity |  |  | 63,348 |  |  |  | 407,272 |  |  |  | — |  |  |  | 470,620 |
Total available for sale |  | $ | 63,380 |  |  | $ | 407,272 |  |  | $ | — |  |  | $ | 470,652 |
At December 31, 2015, assets and liabilities measured at fair value on a recurring basis are summarized below:
|  | December 31, 2015 |
|  | Level 1 Inputs |  |  | Level 2 Inputs |  |  | Level 3 Inputs |  |  | Total Fair Value |
|  | (in thousands) |
Financial instruments carried at fair value, classified as part of: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale—equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Domestic common stock |  | $ | 31 |  |  | $ | — |  |  | $ | — |  |  | $ | 31 |
Securities available for sale—fixed maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
States and political subdivisions |  |  | — |  |  |  | 171,419 |  |  |  | — |  |  |  | 171,419 |
Corporate bonds |  |  | — |  |  |  | 201,304 |  |  |  | — |  |  |  | 201,304 |
U.S. agency-based mortgage-backed securities |  |  | — |  |  |  | 7,299 |  |  |  | — |  |  |  | 7,299 |
Total available for sale—fixed maturity |  | $ | — |  |  | $ | 380,022 |  |  | $ | — |  |  | $ | 380,022 |
Total available for sale |  | $ | 31 |  |  | $ | 380,022 |  |  | $ | — |  |  | $ | 380,053 |
Schedule of Assets and Liabilities Measured at Amortized Cost | At September 30, 2016, assets and liabilities measured at amortized cost are summarized below:
|  | September 30, 2016 |
|  | Level 1 Inputs |  |  | Level 2 Inputs |  |  | Level 3 Inputs |  |  | Total Fair Value |
|  | (in thousands) |
Securities held-to-maturity—fixed maturity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
States and political subdivisions |  | $ | — |  |  | $ | 433,734 |  |  | $ | — |  |  | $ | 433,734 |
Corporate bonds |  |  | — |  |  |  | 159,659 |  |  |  | — |  |  |  | 159,659 |
Commercial mortgage-backed securities |  |  | — |  |  |  | 290 |  |  |  | — |  |  |  | 290 |
U.S. agency-based mortgage-backed securities |  |  | — |  |  |  | 12,136 |  |  |  | — |  |  |  | 12,136 |
U.S. Treasury securities |  |  | 7,029 |  |  |  | — |  |  |  | — |  |  |  | 7,029 |
Obligations of U.S. government agencies |  |  | — |  |  |  | 5,819 |  |  |  | — |  |  |  | 5,819 |
Asset-backed securities |  |  | — |  |  |  | 2,114 |  |  |  | — |  |  |  | 2,114 |
Total held-to-maturity |  | $ | 7,029 |  |  | $ | 613,752 |  |  | $ | — |  |  | $ | 620,781 |
At December 31, 2015, assets and liabilities measured at amortized cost are summarized below:
|  | December 31, 2015 |
|  | Level 1 Inputs |  |  | Level 2 Inputs |  |  | Level 3 Inputs |  |  | Total Fair Value |
|  | (in thousands) |
Securities held-to-maturity—fixed maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
States and political subdivisions |  | $ | — |  |  | $ | 423,754 |  |  | $ | — |  |  | $ | 423,754 |
Corporate bonds |  |  | — |  |  |  | 170,573 |  |  |  | — |  |  |  | 170,573 |
Commercial mortgage-backed securities |  |  | — |  |  |  | 37,683 |  |  |  | — |  |  |  | 37,683 |
U.S. agency-based mortgage-backed securities |  |  | — |  |  |  | 14,471 |  |  |  | — |  |  |  | 14,471 |
U.S. Treasury securities |  |  | 7,599 |  |  |  | — |  |  |  | — |  |  |  | 7,599 |
Obligations of U.S. government agencies |  |  | — |  |  |  | 5,781 |  |  |  | — |  |  |  | 5,781 |
Asset-backed securities |  |  | — |  |  |  | 2,415 |  |  |  | — |  |  |  | 2,415 |
Total held-to-maturity |  | $ | 7,599 |  |  | $ | 654,677 |  |  | $ | — |  |  | $ | 662,276 |
Summary of Carrying Values and Corresponding Fair Values for Financial Instruments | The following table summarizes the carrying values and corresponding fair values for financial instruments:
|  | As of September 30, 2016 |  |  | As of December 31, 2015 |
|  | Carrying Amount |  |  | Fair Value |  |  | Carrying Amount |  |  | Fair Value |
|  | (in thousands) |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed maturity securities—held-to-maturity |  | $ | 601,314 |  |  | $ | 620,781 |  |  | $ | 645,164 |  |  | $ | 662,276 |
Fixed maturity securities—available-for-sale |  |  | 470,620 |  |  |  | 470,620 |  |  |  | 380,022 |  |  |  | 380,022 |
Equity securities |  |  | 32 |  |  |  | 32 |  |  |  | 31 |  |  |  | 31 |
Cash and cash equivalents |  |  | 86,612 |  |  |  | 86,612 |  |  |  | 69,481 |  |  |  | 69,481 |
Short-term investments |  |  | 11,494 |  |  |  | 11,494 |  |  |  | 7,718 |  |  |  | 7,718 |
Other investments |  |  | 12,174 |  |  |  | 12,174 |  |  |  | 12,217 |  |  |  | 12,217 |

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13476-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13433-108611 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 + Details
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