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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2012

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following tables set forth our assets and liabilities that are measured at fair value on a recurring basis as of the dates indicated.

	September 30, 2012
Available-for-sale investments	Level 1				Level 2			Level 3			Total Fair Value
	(In thousands)
Financial assets:
Fixed maturities:
U.S. Treasury and U.S. Government-sponsored enterprises	$	14,115			93,620			—			107,735
States and political subdivisions	—				249,642			—			249,642
Corporate	—				229,881			—			229,881
Commercial mortgage-backed	—				158			407			565
Residential mortgage-backed	—				6,654			—			6,654
Foreign governments	—				143			—			143
Total fixed maturities	14,115				580,098			407			594,620
Equity securities:
Stock mutual funds	10,702				—			—			10,702
Bond mutual funds	32,133				—			—			32,133
Common stock	14				—			—			14
Preferred stock	1,242				—			—			1,242
Total equity securities	44,091				—			—			44,091
Total financial assets	$	58,206			580,098			407			638,711
Financial liabilities:
Warrants outstanding	$	—			137			—			137

	December 31, 2011
Available-for-sale investments	Level 1				Level 2			Level 3			Total Fair Value
	(In thousands)
Financial assets:
Fixed maturities:
U.S. Treasury and U.S. Government-sponsored enterprises	$	13,958			146,817			—			160,775
States and political subdivisions	—				159,942			—			159,942
Corporate	—				184,545			—			184,545
Commercial mortgage-backed	—				300			459			759
Residential mortgage-backed	—				8,090			—			8,090
Foreign governments	—				142			—			142
Total fixed maturities	13,958				499,836			459			514,253
Equity securities:
Stock mutual funds	12,725				—			—			12,725
Bond mutual funds	31,414				—			—			31,414
Common stock	24				—			—			24
Preferred stock	1,974				—			—			1,974
Total equity securities	46,137				—			—			46,137
Total financial assets	$	60,095			499,836			459			560,390
Financial liabilities:
Warrants outstanding	$	—			451			—			451

Fair Value, by Balance Sheet Grouping [Table Text Block]

The carrying amount and fair value for the financial assets and liabilities on the consolidated balance sheets not otherwise disclosed for the periods indicated are as follows:

	September 30, 2012							December 31, 2011
	Carrying Value				Fair Value			Carrying Value			Fair Value
	(In thousands)
Financial assets:
Fixed maturities, held-to-maturity	$	203,237			209,580			227,500			230,093
Mortgage loans	1,521				1,333			1,557			1,428
Policy loans	42,784				42,784			39,090			39,090
Short-term investments	2,356				2,356			2,048			2,048
Cash and cash equivalents	39,830				39,830			33,255			33,255
Financial liabilities:
Annuity benefit reserves	50,125				52,118			47,060			43,402

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The following table presents additional information about fixed maturity securities measured at fair value on a recurring basis that are classified as Level 3 assets and for which we have utilized significant unobservable inputs to determine fair value.

	September 30, 2012				December 31, 2011
	(In thousands)
Balance at beginning of period	$	459			519
Total realized and unrealized gains (losses)
Included in net income	—				—
Included in other comprehensive income	(3		)		6
Principal paydowns	(49		)		(66	)
Transfer in and (out) of Level 3	—				—
Balance at end of period	$	407			459

X

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References

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-Publisher FASB

-Name Accounting Standards Codification

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-SubTopic 10

-Section 50

-Paragraph 2

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

+ References

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



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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).

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