Equity securities are summarized as follows at:


	December 31, 2025					December 31, 2024
	Estimated Fair Value		Percent of Total			Estimated Fair Value		Percent of Total
Mutual funds	$	56,637		91.8	%	$	31,818		86.5	%
Other common stocks		5,048		8.2			4,976		13.5
Total equity securities	$	61,685		100.0	%	$	36,794		100.0	%

Investments Classified by Contractual Maturity Date

The table below summarizes our fixed maturities at December 31, 2025, by contractual maturity periods. Actual results may differ as issuers may have the right to call or prepay obligations, with or without penalties, prior to the contractual maturities of those obligations.


	December 31, 2025
	Cost or Amortized Cost		Percent of Total			Fair Value		Percent of Total
Due in one year or less	$	48,500		18.5	%	$	48,585		19.2	%
Due after one year through five years		144,763		55.4			142,669		56.4
Due after five years through ten years		17,441		6.7			15,729		6.2
Due after ten years		3,254		1.2			2,801		1.1
Asset and mortgage-backed securities		47,545		18.2			43,368		17.1
Total	$	261,503		100.0	%	$	253,152		100.0	%

Schedule of Unrealized Loss on Investments

The following table presents aging of our unrealized investment losses by investment class:


	Less Than Twelve Months						Twelve Months or More
	Number of Securities(1)		Gross Unrealized Losses		Fair Value		Number of Securities(1)		Gross Unrealized Losses		Fair Value
December 31, 2025
U.S. government and agency securities		—	$	—	$	—		—	$	—	$	—
Corporate securities		27		57		11,165		78		3,703		46,381
Mortgage-backed securities		2		5		263		54		3,842		26,094
States, municipalities and political subdivisions		13		24		4,528		24		1,140		14,992
Asset-backed securities		3		2		591		21		636		6,715
Public utilities		4		5		1,772		6		174		3,472
Foreign governments		—		—		—		—		—		—
Total fixed maturities		49	$	93	$	18,319		183	$	9,495	$	97,654

December 31, 2024
U.S. government and agency securities		2	$	25	$	5,878		—	$	—	$	—
Corporate securities		42		300		14,559		80		6,195		45,702
Mortgage-backed securities		4		26		1,244		61		5,407		29,218
States, municipalities and political subdivisions		4		25		1,330		27		1,882		15,868
Asset-backed securities		6		21		2,104		22		885		7,977
Public utilities		6		37		1,937		6		330		3,347
Foreign governments		1		9		427		—		—		—
Total fixed maturities		65	$	443	$	27,479		196	$	14,699	$	102,112

(1) This amount represents the actual number of discrete securities, not the number of shares or units of those securities. The numbers are not presented in thousands.

Schedule of Investments in Limited Partnerships

The information presented in the table below is as of December 31, 2025 and 2024:


	Book Value		Unrealized Gain		Unrealized Loss		Fair Value
December 31, 2025
Limited partnership investments (1)	$	5,024	$	1,093	$	—	$	6,117
Surplus note (1)		6,000		—		—		6,000
Commercial mortgage loans		6,840		—		—		6,840
Short-term investments		21,090		13		7		21,096
Total other investments	$	38,954	$	1,106	$	7	$	40,053

December 31, 2024
Limited partnership investments (1)	$	2,556	$	573	$	—	$	3,129
Short-term investments		20,413		81		—		20,494
Total other investments	$	22,969	$	654	$	—	$	23,623

(1) Distributions will be generated from investment gains, from operating income, from underlying investments of the funds and from liquidation of the underlying assets of the funds. We estimate that the underlying assets of the funds will be liquidated over the next few months to five years.