Fair Value Of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2015, and December 31, 2014:

		Level 1		Level 2		Level 3		Total
June 30, 2015
Financial instruments:
Fixed maturity securities:
U.S. treasury securities	$	29,141,305	$	—	$	—	$	29,141,305
Certificates of deposit		—		25,471,000		—		25,471,000
Total fixed maturity securities		29,141,305		25,471,000		—		54,612,305
Cash and short-term investments		51,978,085		—		—		51,978,085
Total financial instruments at fair value	$	81,119,390	$	25,471,000	$	—	$	106,590,390
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