Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2018

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 September 30, 2018 and December 31, 2017, by level within the fair value hierarchy.

	September 30, 2018
	Level 1		Level 2		Level 3		Total
	(in thousands)
Assets
Fixed maturities:
U.S. Treasury securities and obligations of U.S. government agencies	$	608	$	—	$	—	$	608
Obligations of states, municipalities and political subdivisions	—		153,509		—		153,509
Corporate and other securities	—		97,442		—		97,442
Asset-backed securities	—		150,290		—		150,290
Residential mortgage-backed securities	—		106,162		—		106,162
Total fixed maturities	608		507,403		—		508,011
Equity securities:
Exchange traded funds	41,281		—		—		41,281
Nonredeemable preferred stock	—		20,167		—		20,167
Total equity securities	41,281		20,167		—		61,448
Total	$	41,889	$	527,570	$	—	$	569,459

	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