Fair Value Of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2017, and December 31, 2016:

	Level 1		Level 2		Level 3		Total
June 30, 2017
Financial instruments:
Fixed maturity securities:
U.S. treasury securities	$	11,601,032	$	—	$	—	$	11,601,032
Corporate securities		—		15,942,022		—		15,942,022
Agency mortgage-backed securities		—		11,169,070		—		11,169,070
Certificates of deposit		—		45,162,000		—		45,162,000
Total fixed maturity securities		11,601,032		72,273,092		—		83,874,124
Cash and restricted cash		13,585,909		—		—		13,585,909
Short-term investments		4,093,049		999,725		—		5,092,774
Total financial instruments at fair value	$	29,279,990	$	73,272,817	$	—	$	102,552,807

	Level 1		Level 2		Level 3		Total
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