Fair Value Of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2018

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, 2018, and December 31, 2017:

	Level 1		Level 2		Level 3		Total
March 31, 2018
Financial instruments:
Available-for-sale fixed maturities:
U.S. treasury securities	$	10,202,657	$	—	$	—	$	10,202,657
Corporate securities		—		31,280,064		—		31,280,064
Agency mortgage backed securities		—		22,708,693		—		22,708,693
Held-to-maturity fixed securities:
Certificates of deposit		—		23,848,000		—		23,848,000
Total fixed maturities		10,202,657		77,836,757		—		88,039,414
Cash and restricted cash		262,608		—		—		262,608
Short-term investments		6,011,792		—		—		6,011,792
Total financial instruments at fair value	$	16,477,057	$	77,836,757	$	—	$	94,313,814
December 31, 2017
Financial instruments:
Available-for-sale fixed maturities:
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
Held-to-maturity fixed securities:
Certificates of deposit		—		28,098,000		—		28,098,000
Total fixed maturities		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