Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2019

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 on a recurring basis, classified by the valuation hierarchy as of September 30, 2019 and December 31, 2018 (dollars in thousands):

	September 30, 2019
	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:
Debt Securities:
U.S. Government	$	13,979	$	—	$	13,979	$	—
State and local government	14,673		—		14,673		—
Corporate debt	38,149		—		38,149		—
Asset-backed securities	20,194		—		20,194		—
Mortgage-backed securities	30,132		—		30,132		—
Commercial mortgage-backed securities	4,464		—		4,464		—
Collateralized mortgage obligations	4,113		—		4,113		—
Total debt securities	125,704		—		125,704		—
Equity Securities	6,414		6,150		264		—
Short-term investments	3,508		3,508		—		—
Total marketable investments measured at fair value	$	135,626	$	9,658	$	125,968	$	—
Investments measured at NAV:
Investment in limited partnership	$	586
Total investments measured at NAV	$	586
Total assets measured at fair value	$	136,212
Liabilities:
Senior Unsecured Notes *	$	23,276	$	—	$	23,276	$	—
Subordinated Notes *	11,133		—		—		11,133
Total Liabilities measured at fair value	$	34,409	$	—	$	23,276	$	11,133

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

** Carried at cost on the consolidated balance sheet

	December 31, 2018
	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:
Debt Securities:
U.S. Government	$	15,185	$	—	$	15,185	$	—
State and local government	15,788		—		15,788		—
Corporate debt	29,846		—		29,846		—
Asset-backed securities	24,284		—		24,284		—
Mortgage-backed securities	29,240		—		29,240		—
Commercial mortgage-backed securities	3,953		—		3,953		—
Collateralized mortgage obligations	2,144		—		2,144		—
Total debt securities	120,440		—		120,440		—
Equity securities	6,587		6,323		264		—
Short-term investments	8,925		8,925		—		—
Total marketable investments measured at fair value	$	135,952	$	15,248	$	120,704	$	—
Investments measured at NAV:
Investment in limited partnership	$	4,150
Total investments measured at NAV	$	4,150
Total assets measured at fair value	$	140,102
Liabilities:
Senior Unsecured Notes *	$	21,252	$	—	$	21,252	$	—
Subordinated Notes *	10,640		—		—		10,640
Total Liabilities measured at fair value	$	31,892	$	—	$	21,252	$	10,640

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