Fair Value Of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2019, and December 31, 2018:

	Level 1		Level 2		Level 3		Total
June 30, 2019
Financial instruments:
Available-for-sale fixed maturities:
U.S. treasury securities	$	15,198,840	$	—	$	—	$	15,198,840
Corporate securities		—		42,276,974		—		42,276,974
Agency mortgage backed securities		—		23,794,898		—		23,794,898
Short-term investments		200,000		—		—		200,000
Total financial instruments at fair value	$	15,398,840	$	66,071,872	$	—	$	81,470,712

	Level 1		Level 2		Level 3		Total
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