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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2016
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, 2016 and 2015 (dollars in thousands):
 
December 31, 2016
 
Fair Value Measurements Using
 
Total
 
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Assets:
 
 
 
 
 
 
 
Fixed Maturity Securities:
 
 
 
 
 
 
 
U.S. Government obligations
$
5,903

 
$

 
$
5,903

 
$

State and local government
13,519

 

 
13,519

 

Corporate debt
34,056

 

 
34,056

 

Commercial mortgage and asset-backed
59,685

 

 
59,685

 

Total fixed maturity securities
113,163

 

 
113,163

 

Equity Securities
4,579

 
4,469

 
110

 

Short-term investments
10,788

 
10,788

 

 

Total assets measured at fair value
$
128,530

 
$
15,257

 
$
113,273

 
$

 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
Senior debt*
$
17,750

 
$

 
$
17,750

 
$

Total Liabilities measured at fair value
$
17,750

 
$

 
$
17,750

 
$

* Carried at cost or amortized cost on the consolidated balance sheet

 
December 31, 2015
 
Fair Value Measurements Using
 
Total
 
Quoted Prices in Active Markets for
Identical Assets
(Level 1)
 
Significant Other Observable Inputs
(Level 2)
 
Significant Unobservable Inputs
(Level 3)
Assets:
 
 
 
 
 
 
 
Fixed Maturity Securities:
 
 
 
 
 
 
 
U.S. Government obligations
$
5,508

 
$

 
$
5,508

 
$

State and local government
14,783

 

 
14,783

 

Corporate debt
38,784

 

 
38,784

 

Commercial mortgage and asset-backed
48,018

 

 
48,018

 

Total fixed maturity securities
107,093

 

 
107,093

 

Equity Securities
4,240

 
4,240

 

 

Short-term investments
6,391

 
6,391

 

 

Total assets measured at fair value
$
117,724

 
$
10,631

 
$
107,093

 
$

 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
Senior debt*
$
12,750

 
$

 
$
12,750

 
$

Total Liabilities measured at fair value
$
12,750

 
$

 
$
12,750

 
$

* Carried at cost or amortized cost on the consolidated balance sheet