XML 67 R56.htm IDEA: XBRL DOCUMENT v3.20.2
Fair Value of Financial Instruments - Assets Measured on Recurring Basis (Details) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale $ 4,581,531 $ 4,476,358
Short-term investments 216,484 67,353
Other investments 287,735 311,287
Reciprocal Exchanges    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 320,773 324,249
Short-term investments 19,330 5,245
Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 4,581,531 4,476,358
Total 4,806,747 4,553,076
Recurring | Reciprocal Exchanges    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Total 340,103 329,494
Recurring | NGHC, excluding Reciprocal Exchanges    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Total 4,466,644 4,223,582
Level 1 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 61,587 70,921
Total 262,882 135,755
Level 1 | Recurring | Reciprocal Exchanges    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Total 33,187 19,153
Level 1 | Recurring | NGHC, excluding Reciprocal Exchanges    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Total 229,695 116,602
Level 2 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 4,512,119 4,394,009
Total 4,532,119 4,401,409
Level 2 | Recurring | Reciprocal Exchanges    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Total 306,916 310,341
Level 2 | Recurring | NGHC, excluding Reciprocal Exchanges    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Total 4,225,203 4,091,068
Level 3 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 7,825 11,428
Total 11,746 15,912
Level 3 | Recurring | Reciprocal Exchanges    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Total 0 0
Level 3 | Recurring | NGHC, excluding Reciprocal Exchanges    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Total 11,746 15,912
U.S. Treasury    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 61,022 67,006
U.S. Treasury | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 61,022 67,006
U.S. Treasury | Level 1 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 61,022 67,006
U.S. Treasury | Level 2 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 0 0
U.S. Treasury | Level 3 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 0 0
Federal agencies    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 565 3,915
Federal agencies | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 565 3,915
Federal agencies | Level 1 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 565 3,915
Federal agencies | Level 2 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 0 0
Federal agencies | Level 3 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 0 0
States and political subdivision bonds    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 305,333 301,682
States and political subdivision bonds | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 305,333 301,682
States and political subdivision bonds | Level 1 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 0 0
States and political subdivision bonds | Level 2 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 302,814 298,582
States and political subdivision bonds | Level 3 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 2,519 3,100
Foreign government    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 1,845 1,802
Foreign government | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 1,845 1,802
Foreign government | Level 1 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 0 0
Foreign government | Level 2 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 1,845 1,802
Foreign government | Level 3 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 0 0
Corporate bonds    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 2,173,439 1,916,563
Corporate bonds | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 2,173,439 1,916,563
Corporate bonds | Level 1 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 0 0
Corporate bonds | Level 2 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 2,168,133 1,908,235
Corporate bonds | Level 3 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 5,306 8,328
Residential mortgage-backed securities    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 1,150,462 1,277,460
Residential mortgage-backed securities | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 1,150,462 1,277,460
Residential mortgage-backed securities | Level 1 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 0 0
Residential mortgage-backed securities | Level 2 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 1,150,462 1,277,460
Residential mortgage-backed securities | Level 3 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 0 0
Commercial mortgage-backed securities    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 643,419 612,193
Commercial mortgage-backed securities | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 643,419 612,193
Commercial mortgage-backed securities | Level 1 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 0 0
Commercial mortgage-backed securities | Level 2 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 643,419 612,193
Commercial mortgage-backed securities | Level 3 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 0 0
Asset-backed securities    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 42,997 75,611
Asset-backed securities | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 42,997 75,611
Asset-backed securities | Level 1 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 0 0
Asset-backed securities | Level 2 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 42,997 75,611
Asset-backed securities | Level 3 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 0 0
Structured securities    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 202,449 220,126
Structured securities | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 202,449 220,126
Structured securities | Level 1 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 0 0
Structured securities | Level 2 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 202,449 220,126
Structured securities | Level 3 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Debt securities, available-for-sale 0 0
Short-term investments | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Short-term investments 216,484 67,353
Short-term investments | Level 1 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Short-term investments 196,484 59,953
Short-term investments | Level 2 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Short-term investments 20,000 7,400
Short-term investments | Level 3 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Short-term investments 0 0
Other investments | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Other investments 8,732 9,365
Other investments | Level 1 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Other investments 4,811 4,881
Other investments | Level 2 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Other investments 0 0
Other investments | Level 3 | Recurring    
Fair Value Assets Measured on Recurring and Nonrecurring Basis    
Other investments $ 3,921 $ 4,484