XBRL Cloud: Business Report

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Network	080200 - Disclosure - Investments (Tables) (http://atlam.com/role/InvestmentsTables)
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Reporting Entity [Axis]

0000008177 (http://www.sec.gov/CIK)

Investments [Abstract ]

Period [Axis]

2016-01-01 - 2016-12-31

Investments [Abstract ]

Investments aggregated by type and industry

Investments were comprised of the following:

	2016
	Carrying Value		Gross Unrealized Gains		Gross Unrealized Losses		Cost or Amortized Cost
Fixed maturities:
Bonds:
U.S. Treasury securities and obligations of U.S. Government agencies and authorities	$	31,102	$	197	$	553	$	31,458
Obligations of states and political subdivisions		17,572		625		308		17,255
Corporate securities:
Utilities and telecom		18,034		1,462		88		16,660
Financial services		57,282		1,880		911		56,313
Other business – diversified		57,419		1,071		2,337		58,685
Other consumer – diversified		29,069		471		1,344		29,942
Total corporate securities		161,804		4,884		4,680		161,600
Redeemable preferred stocks:
Other consumer – diversified		192		—		—		192
Total redeemable preferred stocks		192		—		—		192
Total fixed maturities		210,670		5,706		5,541		210,505
Equity securities:
Common and non-redeemable preferred stocks:
Utilities and telecom		1,601		637		—		964
Financial services		5,402		574		—		4,828
Other business – diversified		244		197		—		47
Other consumer – diversified		13,010		7,396		—		5,614
Total equity securities		20,257		8,804		—		11,453
Other invested assets		9,709		—		—		9,709
Policy loans		2,265		—		—		2,265
Real estate		38		—		—		38
Investments in unconsolidated trusts		1,238		—		—		1,238
Total investments	$	244,177	$	14,510	$	5,541	$	235,208

	2015
	Carrying Value		Gross Unrealized Gains		Gross Unrealized Losses		Cost or Amortized Cost
Fixed maturities:
Bonds:
U.S. Treasury securities and obligations of U.S. Government agencies and authorities	$	22,234	$	290	$	175	$	22,119
Obligations of states and political subdivisions		25,479		621		552		25,410
Corporate securities:
Utilities and telecom		17,589		1,357		692		16,924
Financial services		54,035		1,797		1,351		53,589
Other business – diversified		60,960		729		5,898		66,129
Other consumer – diversified		24,581		136		1,391		25,836
Total corporate securities		157,165		4,019		9,332		162,478
Redeemable preferred stocks:
Financial services		253		3		—		250
Other consumer – diversified		193		—		—		193
Total redeemable preferred stocks		446		3		—		443
Total fixed maturities		205,324		4,933		10,059		210,450
Equity securities:
Common and non-redeemable preferred stocks:
Utilities and telecom		1,386		422		—		964
Financial services		5,175		847		—		4,328
Other business – diversified		198		151		—		47
Other consumer – diversified		16,372		10,758		—		5,614
Total equity securities		23,131		12,178		—		10,953
Other invested assets		6,454		—		—		6,454
Policy loans		2,200		—		—		2,200
Real estate		38		—		—		38
Investments in unconsolidated trusts		1,238		—		—		1,238
Total investments	$	238,385	$	17,111	$	10,059	$	231,333

Investments aggregated by industry

The following table sets forth the carrying value, cost or amortized cost, and net unrealized gains (losses) of the Company’s investments aggregated by industry as of December 31, 2016 and 2015.

	2016							2015
	Carrying Value		Cost or Amortized Cost		Unrealized Gains (Losses)			Carrying Value		Cost or Amortized Cost		Unrealized Gains (Losses)
U.S. Treasury securities and obligations of U.S. Government agencies and authorities	$	31,102	$	31,458	$	(356	)	$	22,234	$	22,119	$	115
Obligations of states and political subdivisions		17,572		17,255		317			25,479		25,410		69
Utilities and telecom		19,635		17,624		2,011			18,975		17,888		1,087
Financial services		62,684		61,141		1,543			59,463		58,167		1,296
Other business – diversified		57,663		58,732		(1,069	)		61,158		66,176		(5,018	)
Other consumer – diversified		42,271		35,748		6,523			41,146		31,643		9,503
Other investments		13,250		13,250		—			9,930		9,930		—
Total investments	$	244,177	$	235,208	$	8,969		$	238,385	$	231,333	$	7,052

Investment securities with continuous unrealized loss position

The following tables present the Company’s unrealized loss aging for securities by type and length of time the security was in a continuous unrealized loss position as of December 31, 2016 and 2015.

	2016
	Less than 12 months				12 months or longer				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
U.S. Treasury securities and obligations of U.S. Government agencies and authorities	$	23,494	$	553	$	—	$	—	$	23,494	$	553
Obligations of states and political subdivisions		8,747		308		—		—		8,747		308
Corporate securities		59,404		2,124		20,587		2,556		79,991		4,680
Total temporarily impaired securities	$	91,645	$	2,985	$	20,587	$	2,556	$	112,232	$	5,541

	2015
	Less than 12 months				12 months or longer				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
U.S. Treasury securities and obligations of U.S. Government agencies and authorities	$	9,209	$	120	$	2,243	$	55	$	11,452	$	175
Obligations of states and political subdivisions		16,079		552		—		—		16,079		552
Corporate securities		79,482		4,284		16,131		5,048		95,613		9,332
Total temporarily impaired securities	$	104,770	$	4,956	$	18,374	$	5,103	$	123,144	$	10,059

Financial instruments carried at fair value measured on a recurring basis

As of December 31, 2016, financial instruments carried at fair value were measured on a recurring basis as summarized below:

Assets:	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)			Total
Fixed maturities	$	—	$	209,406		$	1,264	⁽¹⁾	$	210,670
Equity securities		15,153		5,104	⁽¹⁾		—			20,257
Cash equivalents		9,811		—			—			9,811
Total	$	24,964	$	214,510		$	1,264		$	240,738

⁽¹⁾

All underlying securities are financial service industry related.

As of December 31, 2015, financial instruments carried at fair value were measured on a recurring basis as summarized below:

Assets:	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)			Total
Fixed maturities	$	—	$	203,087		$	2,237	⁽¹⁾	$	205,324
Equity securities		18,245		4,886	⁽¹⁾		—			23,131
Cash equivalents		13,772		—			—			13,772
Total	$	32,017	$	207,973		$	2,237		$	242,227

⁽¹⁾

All underlying securities are financial service industry related.

Roll-forward of financial instruments measured at fair value on a recurring basis using significant unobservable inputs (Level 3)

The following is a roll-forward of the Company’s financial instruments measured at fair value on a recurring basis using significant unobservable inputs (Level 3) from January 1, 2015 to December 31, 2016.

	Fixed Maturities
Balance, January 1, 2015	$	2,214
Total unrealized gains included in other comprehensive loss		23
Balance, December 31, 2015		2,237
Total realized gains included in earnings		57
Total unrealized losses included in other comprehensive income		(30	)
Settlements		(1,000	)
Balance, December 31, 2016	$	1,264

Amortized cost and carrying value of fixed maturities by contractual maturity

The carrying value and amortized cost of the Company’s investments in fixed maturities at December 31, 2016 and 2015 by contractual maturity were as follows. Actual maturities may differ from contractual maturities because issuers may call or prepay obligations with or without call or prepayment penalties.

	2016				2015
	Carrying Value		Amortized Cost		Carrying Value		Amortized Cost
Due in one year or less	$	2,544	$	2,507	$	4,143	$	4,113
Due after one year through five years		20,278		20,038		20,557		20,591
Due after five years through ten years		90,667		90,926		99,614		103,066
Due after ten years		80,099		79,627		79,882		81,684
Varying maturities		17,082		17,407		1,128		996
Totals	$	210,670	$	210,505	$	205,324	$	210,450

Investment income earned

Investment income was earned from the following sources:

	2016			2015
Fixed maturities	$	9,122		$	9,327
Equity securities		491			488
Other		271			270
Total investment income		9,884			10,085
Less investment expenses, included in other expenses		(577	)		(552	)
Net investment income	$	9,307		$	9,533

Summary of realized investment gains (losses)

A summary of realized investment gains (losses) follows:

	2016
	Fixed Maturities			Equity Securities		Other Invested Assets		Total
Gains	$	1,119		$	—	$	1,565	$	2,684
Losses		(89	)		—		—		(89	)
Realized investment gains, net	$	1,030		$	—	$	1,565	$	2,595

	2015
	Fixed Maturities			Equity Securities			Other Invested Assets		Total
Gains	$	2,347		$	—		$	3,154	$	5,501
Losses		(628	)		(16	)		—		(644	)
Realized investment gains, net	$	1,719		$	(16	)	$	3,154	$	4,857

Proceeds from sales of investments

Proceeds from the sales of investments were as follows:

	2016		2015
Fixed maturities	$	59,072	$	80,995
Other investments		3,289		3,878
Total proceeds	$	62,361	$	84,873