Fair Value Of Financial Instruments (Tables)

12 Months Ended

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

	Level 1		Level 2		Level 3		Total
December 31, 2020
Financial instruments:
Available-for-sale fixed maturities:
U.S. Treasury securities	$	10,832,181	$	—	$	—	$	10,832,181
Corporate securities		—		46,451,905		—		46,451,905
Agency mortgage-backed securities		—		26,125,608		—		26,125,608
Equity securities		2,746,706		—		—		2,746,706
Short-term investments		200,000		—		—		200,000
Total financial instruments at fair value	$	13,778,887	$	72,577,513	$	—	$	86,356,400
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