Fair Value Of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value Of Financial Instruments

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, and are allocated among the three levels within the fair value hierarchy as of March 31, 2020, and December 31, 2019:

	Level 1		Level 2		Level 3		Total
March 31, 2020
Financial instruments:
Available-for-sale fixed maturities:
U.S. Treasury securities	$	14,902,906	$	—	$	—	$	14,902,906
Corporate securities		—		43,175,098		—		43,175,098
Agency mortgage backed securities		—		24,853,945		—		24,853,945
Equity securities		457,684		—		—		457,684
Short-term investments		2,198,017		—		—		2,198,017
Total financial instruments at fair value	$	17,558,607	$	68,029,043	$	—	$	85,587,650

	Level 1		Level 2		Level 3		Total
December 31, 2019
Financial instruments:
Available-for-sale fixed maturities:
U.S. Treasury securities	$	15,235,332	$	—	$	—	$	15,235,332
Corporate securities		—		43,029,333		—		43,029,333
Agency mortgage backed securities		—		25,235,045		—		25,235,045
Short-term investments		2,196,815		—		—		2,196,815
Total financial instruments at fair value	$	17,432,147	$	68,264,378	$	—	$	85,696,525