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Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 2013
Fair Value Disclosures [Abstract] |
Assets Accounted for at Fair Value on Recurring Basis | The following tables set forth by level within the fair value hierarchy the Company’s assets that were accounted for at fair value on a recurring basis as of the periods presented (in thousands):
|  | Fair Value Measurements As of September 30, 2013 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Cash and cash equivalents |  | $ | 137,286 |  |  | $ | — |  |  | $ | — |  |  | $ | 137,286 |
Restricted cash and cash equivalents |  |  | 2,600 |  |  |  | — |  |  |  | — |  |  |  | 2,600 |
Available for sale portfolio: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed maturities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
US government obligations and agencies |  |  | — |  |  |  | 104,532 |  |  |  | — |  |  |  | 104,532 |
Corporate bonds |  |  | — |  |  |  | 98,978 |  |  |  | — |  |  |  | 98,978 |
Mortgage-backed and asset-backed securities |  |  | — |  |  |  | 94,994 |  |  |  | — |  |  |  | 94,994 |
Equity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  |  | 20,057 |  |  |  |  |  |  |  | — |  |  |  | 20,057 |
Mutual funds |  |  | 50,805 |  |  |  |  |  |  |  | — |  |  |  | 50,805 |
Total available for sale portfolio investments |  | $ | 70,862 |  |  | $ | 298,504 |  |  | $ | — |  |  | $ | 369,366 |
Total assets accounted for at fair value |  | $ | 210,748 |  |  | $ | 298,504 |  |  | $ | — |  |  | $ | 509,252 |
|  | Fair Value Measurements As of December 31, 2012 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Cash and cash equivalents |  | $ | 347,392 |  |  | $ | — |  |  | $ | — |  |  | $ | 347,392 |
Restricted cash and cash equivalents |  |  | 33,009 |  |  |  | — |  |  |  | — |  |  |  | 33,009 |
Trading portfolio: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed maturities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
US government obligations and agencies |  |  | — |  |  |  | 4,009 |  |  |  | — |  |  |  | 4,009 |
Equity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Metals and mining |  |  | 26,130 |  |  |  | — |  |  |  | — |  |  |  | 26,130 |
Energy |  |  | 10,868 |  |  |  | — |  |  |  | — |  |  |  | 10,868 |
Other |  |  | 8,215 |  |  |  | — |  |  |  | — |  |  |  | 8,215 |
Exchange traded and mutual funds: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Metals and mining |  |  | 21,989 |  |  |  | — |  |  |  | — |  |  |  | 21,989 |
Agriculture |  |  | 10,265 |  |  |  | — |  |  |  | — |  |  |  | 10,265 |
Energy |  |  | 5,068 |  |  |  |  |  |  |  |  |  |  |  | 5,068 |
Indices |  |  | 2,506 |  |  |  | — |  |  |  | — |  |  |  | 2,506 |
Non-hedging derivative liability, net |  |  | — |  |  |  | (21 | ) |  |  | — |  |  |  | (21 | )
Other investments |  |  | 317 |  |  |  | — |  |  |  | — |  |  |  | 317 |
Total trading portfolio investments |  | $ | 85,358 |  |  | $ | 3,988 |  |  | $ | — |  |  | $ | 89,346 |
Total assets (liabilities) accounted for at fair value |  | $ | 465,759 |  |  | $ | 3,988 |  |  | $ | — |  |  | $ | 469,747 |
Summarizes Carrying Value and Estimated Fair Values of Financial Instruments not Carried at Fair Value | The following table summarizes the carrying value and estimated fair values of the Company’s financial instruments that are not carried at fair value (in thousands):
|  | As of September 30, 2013 |
|  | Carrying value |  |  | (Level 3) Estimated Fair Value |
Liabilities (debt): |  |  |  |  |  |  |  |
Surplus note |  | $ | 19,118 |  |  | $ | 16,310 |
Term loan |  | $ | 18,238 |  |  | $ | 18,238 |
|  | As of December 31, 2012 |
|  | Carrying value |  |  | (Level 3) Estimated Fair Value |
Liabilities (debt): |  |  |  |  |  |  |  |
Surplus note |  | $ | 20,221 |  |  | $ | 18,057 |

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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=25499696&loc=d3e19190-110258 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),(b) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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