Fair Value Of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2018

Fair Value Of Financial Instruments

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, 2018, and December 31, 2017:

	Level 1		Level 2		Level 3		Total
September 30, 2018
Financial instruments:
Available-for-sale fixed maturities:
U.S. treasury securities	$	13,994,039	$	—	$	—	$	13,994,039
Corporate securities		—		37,092,021		—		37,092,021
Agency mortgage backed securities		—		21,770,047		—		21,770,047
Short-term investments		200,000		—		—		200,000
Total financial instruments at fair value	$	14,194,039	$	58,862,068	$	—	$	73,056,107
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
Short-term investments		1,847,778		—		—		1,847,778
Total financial instruments at fair value	$	9,302,003	$	50,395,229	$	—	$	59,697,232