Fair Value Of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2019

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 March 31, 2019, and December 31, 2018:

	Level 1		Level 2		Level 3		Total
March 31, 2019
Financial instruments:
Available-for-sale fixed maturities:
U.S. treasury securities	$	16,722,377	$	—	$	—	$	16,722,377
Corporate securities		—		41,970,507		—		41,970,507
Agency mortgage backed securities		—		21,997,122		—		21,997,122
Short-term investments		696,792		—		—		__696,792
Total financial instruments at fair value	$	17,419,169	$	63,967,629	$	—	$	81,386,798
December 31, 2018
Financial instruments:
Available-for-sale fixed maturities:
U.S. treasury securities	$	16,619,619	$	—	$	—	$	16,619,619
Corporate securities				40,003,723		—		40,003,723
Agency mortgage backed securities				20,286,795		—		20,286,795
Short-term investments		4,690,954				—		4,690,954
Total financial instruments at fair value	$	21,310,573	$	60,290,518	$	—	$	81,601,091