Fair Value Of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2015

Fair Value Of Financial Instruments Tables

Fair value of financial instruments

The following table presents information about the Company’s consolidated financial instruments and their estimated fair values, which are measured on a recurring basis, and are allocated among the three levels within the fair value hierarchy as of March 31, 2015, and December 31, 2014:

		Level 1		Level 2		Level 3		Total
March 31, 2015
Financial instruments:
Fixed maturity securities:
U.S. treasury securities	$	25,153,905	$	—	$	—	$	25,153,905
Certificates of deposit		—		19,489,000		—		19,489,000
Total fixed maturity securities		25,153,905		19,489,000		—		44,642,905
Cash and short-term investments		62,260,900		—		—		62,260,900
Total financial instruments at fair value	$	87,414,805	$	19,489,000	$	—	$	106,903,805
December 31, 2014
Financial instruments:
Fixed maturity securities:
U.S. treasury securities	$	20,069,556	$	—	$	—	$	20,069,556
Certificates of deposit		—		15,089,000		—		15,089,000
Total fixed maturity securities		20,069,556		15,089,000		—		35,158,556
Cash and short-term investments		72,568,570		—		—		72,568,570
Total financial instruments at fair value	$	92,638,126	$	15,089,000	$	—	$	107,727,126