Fair Value Of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2017

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, 2017, and December 31, 2016:

	Level 1		Level 2		Level 3		Total
March 31, 2017
Financial instruments:
Fixed maturity securities:
U.S. treasury securities	$	14,098,425	$	—	$	—	$	14,098,425
Certificates of deposit		—		54,142,000		—		54,142,000
Total fixed maturity securities		14,098,425		54,142,000		—		68,240,425
Cash and restricted cash		13,602,118		—		—		13,602,118
Short-term investments		21,802,697		—		—		21,802,697
Total financial instruments at fair value	$	49,503,240	$	54,142,000	$	—	$	103,645,240
December 31, 2016
Financial instruments:
Fixed maturity securities:
U.S. treasury securities	$	19,103,925	$	—	$	—	$	19,103,925
Certificates of deposit		—		61,280,000		—		61,280,000
Total fixed maturity securities		19,103,925		61,280,000		—		80,383,925
Cash and restricted cash		13,496,379		—		—		13,496,379
Short-term investments		10,204,603		—		—		10,204,603
Total financial instruments at fair value	$	42,804,907	$	61,280,000	$	—	$	104,084,907