Fair Value Of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2017

Fair Value Of Financial Instruments Tables

Fair value of financial instruments

The following table presents information about the Company’s financial instruments and their estimated fair values, which are measured on a recurring basis, allocated among the three levels within the fair value hierarchy as of December 31, 2017 and 2016:

	Level 1		Level 2		Level 3		Total
December 31, 2017
Financial instruments:
Fixed maturities securities:
U.S. treasury securities	$	7,454,225	$	—	$	—	$	7,454,225
Corporate securities		—		28,657,640		—		28,657,640
Agency mortgage-backed securities		—		21,737,589		—		21,737,589
Certificates of deposit		—		28,098,000		—		28,098,000
Total fixed maturity securities		7,454,225		78,493,229		—		85,947,454
Cash and restricted cash		774,226		—		—		774,226
Short-term investments		10,440,496		—		—		10,440,496
Total financial instruments at fair value	$	18,668,947	$	78,493,229	$	—	$	97,162,176
December 31, 2016
Financial instruments:
Fixed maturities 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