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Fair value measurements (Tables)
12 Months Ended
Dec. 31, 2017
Fair Value Disclosures [Abstract]  
Assets Measured at Fair Value on a Recurring Basis
The following tables present the balances of assets measured at fair value on a recurring basis as of December 31, 2017 and 2016, by level within the fair value hierarchy.
 
 
December 31, 2017
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
(in thousands)
Assets
 
 
 
 
 
 
 
 
Fixed maturities:
 
 
 
 
 
 
 
 
U.S. Treasury securities and obligations of U.S. government agencies
 
$
9,098

 
$

 
$

 
$
9,098

Obligations of states, municipalities and political subdivisions
 

 
164,326

 

 
164,326

Corporate and other securities
 

 
71,631

 

 
71,631

Asset-backed securities
 

 
95,360

 

 
95,360

Residential mortgage-backed securities
 

 
84,776

 

 
84,776

Total fixed maturities
 
9,098

 
416,093

 

 
425,191

 
 
 
 
 
 
 
 
 
Equity securities:
 
 
 
 
 
 
 
 
Exchange traded funds
 
34,380

 

 

 
34,380

Nonredeemable preferred stock
 

 
19,752

 

 
19,752

Total equity securities
 
34,380

 
19,752

 

 
54,132

 
 
 
 
 
 
 
 
 
Total
 
$
43,478

 
$
435,845

 
$

 
$
479,323

 
 
December 31, 2016
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
(in thousands)
Assets
 
 
 
 
 
 
 
 
Fixed maturities:
 
 
 
 
 
 
 
 
U.S. Treasury securities and obligations of U.S. government agencies
 
$
12,098

 
$

 
$

 
$
12,098

Obligations of states, municipalities and political subdivisions
 

 
123,238

 

 
123,238

Corporate and other securities
 

 
118,790

 

 
118,790

Asset-backed securities
 

 
73,294

 

 
73,294

Residential mortgage-backed securities
 

 
83,803

 

 
83,803

Total fixed maturities
 
12,098

 
399,125

 

 
411,223

 
 
 
 
 
 
 
 
 
Equity securities:
 
 
 
 
 
 
 
 
Exchange traded funds
 
18,374

 

 

 
18,374

Total
 
$
30,472

 
$
399,125

 
$

 
$
429,597