Fair Value Of Financial Instruments (Tables)

9 Months Ended

Sep. 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 September 30, 2017, and December 31, 2016:

	Level 1		Level 2		Level 3		Total
September 30, 2017
Financial instruments:
Fixed maturity securities:
U.S. treasury securities	$	9,519,063	$	—	$	—	$	9,519,063
Corporate securities		—		22,995,709		—		22,995,709
Agency mortgage-backed securities		—		15,928,123		—		15,928,123
Certificates of deposit		—		35,826,000		—		35,826,000
Total fixed maturity securities		9,519,063		74,749,832		—		84,268,895
Short-term investments		12,080,638		999,877		—		13,080,515
Total financial instruments at fair value	$	21,599,701	$	75,749,709	$	—	$	97,349,410

	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
Short-term investments		10,204,603		—		—		10,204,603
Total financial instruments at fair value	$	29,308,528	$	61,280,000	$	—	$	90,588,528