Investments (Tables)

3 Months Ended

Mar. 31, 2017

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost, gross unrealized gains and losses and estimated fair value of investments

A summary of the amortized cost, estimated fair value, and gross unrealized gains and losses on the Company’s investments in fixed income and equity securities at March 31, 2017 and December 31, 2016 is as follows.

As of March 31, 2017	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
Fixed income securities:
U.S. government	$	1,997	$	4	$	(18	)	$	1,983
State municipalities and political subdivisions		3,168		10		(21	)		3,157
Asset-backed securities and collateralized mortgage obligations		12,655		10		(131	)		12,534
Corporate		15,052		45		(65	)		15,032
Total fixed income securities		32,872		69		(235	)		32,706
Equity securities:
Common stock		1,000		151		—			1,151
Total equity securities		1,000		151		—			1,151
Total fixed income and equity securities	$	33,872	$	220	$	(235	)	$	33,857
As of December 31, 2016
Fixed income securities:
U.S. government	$	1,623	$	1	$	(20	)	$	1,604
State municipalities and political subdivisions		2,271		2		(27	)		2,246
Asset-backed securities and collateralized mortgage obligations		12,095		9		(136	)		11,968
Corporate		10,804		28		(91	)		10,741
Total fixed income securities		26,793		40		(274	)		26,559
Equity securities:
Common stock		1,000		136		—			1,136
Total equity securities		1,000		136		—			1,136
Total fixed income and equity securities	$	27,793	$	176	$	(274	)	$	27,695

Schedule of fixed income securities by contractual maturity

Actual results may differ as issuers may have the right to call or prepay obligations, with or without penalties, prior to the contractual maturity of these obligations.

Matures in:	Amortized Cost		Estimated Fair Value
One year or less	$	1,817	$	1,818
More than one to five years		14,298		14,255
More than five to ten years		7,583		7,559
More than ten years		9,174		9,074
Total	$	32,872	$	32,706

Schedule of aggregate unrealized loss position, by security type, of fixed income securities in unrealized loss positions

The following table highlights, by loss position and security type, those fixed income and equity securities in unrealized loss positions as of March 31, 2017 and December 31, 2016. The tables segregate the holdings based on the period of time the investments have been continuously held in unrealized loss positions. There were 136 and 122 fixed income investments that were in unrealized loss positions as of March 31, 2017 and December 31, 2016, respectively. The Company held no equity securities in unrealized loss positions at either date.

	Less than 12 Months					Greater than 12 Months					Total
As of March 31, 2017	Estimated Fair Value		Unrealized Loss			Estimated Fair Value		Unrealized Loss			Estimated Fair Value		Unrealized Loss
Fixed income securities:
U.S. government	$	1,304	$	(18	)	$	—	$	—		$	1,304	$	(18	)
State municipalities and political subdivisions		1,466		(21	)		—		—			1,466		(21	)
Asset-backed securities and collateralized mortgage obligations		9,841		(128	)		487		(2	)		10,328		(131	)
Corporate		6,215		(65	)		40		—			6,255		(65	)
Total investments in fixed income securities	$	18,826	$	(233	)	$	527	$	(2	)	$	19,353	$	(235	)
As of December 31, 2016
Fixed income securities:
U.S. government	$	1,303	$	(20	)	$	—	$	—		$	1,303	$	(20	)
State municipalities and political subdivisions		1,537		(27	)		—		—			1,537		(27	)
Asset-backed securities and collateralized mortgage obligations		9,552		(133	)		460		(3	)		10,012		(136	)
Corporate		5,952		(91	)		—		—			5,952		(91	)
Total investments in fixed income securities	$	18,344	$	(271	)	$	460	$	(3	)	$	18,804	$	(274	)

Schedule of net investment income

Net investment income for the three months ended March 31, 2017 and 2016 was as follows:

	Three Months Ended March 31,
	2017			2016
Investment income:
Interest on fixed income securities	$	132		$	100
Interest on cash and cash equivalents		47			27
Gross investment income		179			127
Investment expenses		(11	)		(12	)
Net investment income	$	168		$	115