Fair Value Of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2016

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, 2016, and December 31, 2015:

		Level 1		Level 2		Level 3		Total
June 30, 2016
Financial instruments:
Fixed maturity securities:
U.S. treasury securities	$	24,146,658	$	—	$	—	$	24,146,658
Certificates of deposit		—		62,275,000		—		62,275,000
Total fixed maturity securities		24,146,658		62,275,000		—		86,421,658
Cash and short-term investments		7,348,531		—		—		7,348,531
Total financial instruments at fair value	$	31,495,189	$	62,275,000	$	—	$	93,770,189
December 31, 2015
Financial instruments:
Fixed maturity securities:
U.S. treasury securities	$	24,034,291	$	—	$	—	$	24,034,291
Certificates of deposit		—		58,127,000		—		58,127,000
Total fixed maturity securities		24,034,291		58,127,000		—		82,161,291
Cash and short-term investments		15,975,298		—		—		15,975,298
Total financial instruments at fair value	$	40,009,589	$	58,127,000	$	—	$	98,136,589