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Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 2014
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 measured at fair value including those on a recurring basis as of the dates presented (in thousands):
| Fair Value Measurements |
| September 30, 2014 |
| Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Cash and cash equivalents | $ | 170,352 |  |  | $ | — |  |  | $ | — |  |  | $ | 170,352 |
Restricted cash and cash equivalents |  | 6,597 |  |  |  | — |  |  |  | — |  |  |  | 6,597 |
Fixed maturities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government obligations and agencies |  | — |  |  |  | 116,083 |  |  |  | — |  |  |  | 116,083 |
Corporate bonds |  | — |  |  |  | 109,837 |  |  |  | — |  |  |  | 109,837 |
Mortgage-backed and asset-backed securities |  | — |  |  |  | 95,238 |  |  |  | — |  |  |  | 95,238 |
Redeemable preferred stock |  | — |  |  |  | 6,852 |  |  |  | — |  |  |  | 6,852 |
Equity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  | 250 |  |  |  | — |  |  |  | — |  |  |  | 250 |
Mutual funds |  | 20,137 |  |  |  | — |  |  |  | — |  |  |  | 20,137 |
Short-term investments |  | 12,500 |  |  |  | 24,973 |  |  |  | — |  |  |  | 37,473 |
Total investments |  | 32,887 |  |  |  | 352,983 |  |  |  | — |  |  |  | 385,870 |
Total assets accounted for at fair value | $ | 209,836 |  |  | $ | 352,983 |  |  | $ | — |  |  | $ | 562,819 |
| Fair Value Measurements |
| December 31, 2013 |
| Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Cash and cash equivalents | $ | 117,275 |  |  | $ | — |  |  | $ | — |  |  | $ | 117,275 |
Restricted cash and cash equivalents |  | 2,600 |  |  |  | — |  |  |  | — |  |  |  | 2,600 |
Fixed maturities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government obligations and agencies |  | — |  |  |  | 104,215 |  |  |  | — |  |  |  | 104,215 |
Corporate bonds |  | — |  |  |  | 94,203 |  |  |  | — |  |  |  | 94,203 |
Mortgage-backed and asset-backed securities |  | — |  |  |  | 91,000 |  |  |  | — |  |  |  | 91,000 |
Equity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  | 9,295 |  |  |  | — |  |  |  | — |  |  |  | 9,295 |
Mutual funds |  | 55,727 |  |  |  | — |  |  |  | — |  |  |  | 55,727 |
Total investments |  | 65,022 |  |  |  | 289,418 |  |  |  | — |  |  |  | 354,440 |
Total assets accounted for at fair value | $ | 184,897 |  |  | $ | 289,418 |  |  | $ | — |  |  | $ | 474,315 |
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 as of the dates presented (in thousands):
| September 30, 2014 |  |  | December 31, 2013 |
|  |  |  |  | (Level 3) |  |  |  |  |  |  | (Level 3) |
|  |  |  |  | Estimated Fair |  |  |  |  |  |  | Estimated Fair |
| Carrying Value |  |  | Value |  |  | Carrying Value |  |  | Value |
Liabilities (debt): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Surplus note | $ | 17,647 |  |  | $ | 15,188 |  |  | $ | 18,750 |  |  | $ | 15,900 |
Term loan | $ | 13,149 |  |  | $ | 13,149 |  |  | $ | 18,490 |  |  | $ | 18,490 |

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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=36462937&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=36462937&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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