Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Summary of Assets and Liabilities Measured at Fair Value

The following tables present the Company’s assets and liabilities measured at fair value, classified by the valuation hierarchy as of December 31, 2022 and 2021 (dollars in thousands):

	December 31, 2022
	Fair Value Measurements Using
	Total		Level 1		Level 2		Level 3
Assets:
Debt Securities:
U.S. Government	$	7,498	$	—	$	7,498	$	—
State and local government		20,816		—		20,816		—
Corporate debt		30,559		—		30,559		—
Asset-backed securities		20,496		—		20,496		—
Mortgage-backed securities		24,037		—		24,037		—
Commercial mortgage-backed securities		3,228		—		3,228		—
Collateralized mortgage obligations		3,567		—		3,567		—
Total debt securities		110,201		—		110,201		—
Equity Securities		917		160		757		—
Short-term investments		25,929		25,929		—		—
Total marketable investments measured at fair value	$	137,047	$	26,089	$	110,958	$	—
Investments measured at NAV:
Investment in limited partnership		350
Total assets measured at fair value	$	137,397
Liabilities:
Senior Unsecured Notes *	$	22,430	$	—	$	22,430	$	—
Subordinated Notes *		11,300		—		—		11,300
Total Liabilities (non-recurring fair value measure	$	33,730	$	—	$	22,430	$	11,300

* Carried at face value of debt net of unamortized debt issuance costs on the consolidated balance sheet

	December 31, 2021
	Fair Value Measurements Using
	Total		Level 1		Level 2		Level 3
Assets:
Debt Securities:
U.S. Government	$	20,720	$	—	$	20,720	$	—
State and local government		30,429		—		30,429		—
Corporate debt		30,346		—		30,346		—
Asset-backed securities		28,438		—		28,438		—
Mortgage-backed securities		32,521		—		32,521		—
Commercial mortgage-backed securities		1,690		—		1,690		—
Collateralized mortgage obligations		5,639		—		5,639		—
Total debt securities		149,783		—		149,783		—
Equity Securities		9,437		9,154		283		—
Short-term investments		23,013		23,013		—		—
Total marketable investments measured at fair value	$	182,233	$	32,167	$	150,066	$	—
Investments measured at NAV:
Investment in limited partnership		494
Total assets measured at fair value	$	182,727
Liabilities:
Senior Unsecured Notes *	$	24,118	$	—	$	24,118	$	—
Subordinated Notes *		11,704		—		—		11,704
Total Liabilities measured at fair value	$	35,822	$	—	$	24,118	$	11,704

* Carried at face value of debt net of unamortized debt issuance costs on the consolidated balance sheet