Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2019

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, 2019 and December 31, 2018, by level within the fair value hierarchy.

	September 30, 2019
	Level 1		Level 2		Level 3		Total
	(in thousands)
Assets
Fixed maturities:
U.S. Treasury securities and obligations of U.S. government agencies	$	112	$	—	$	—	$	112
Obligations of states, municipalities and political subdivisions	—		153,635		—		153,635
Corporate and other securities	—		182,364		—		182,364
Commercial mortgage and asset-backed securities	—		193,906		—		193,906
Residential mortgage-backed securities	—		186,622		—		186,622
Total fixed maturities	112		716,527		—		716,639
Equity securities:
Exchange traded funds	45,708		—		—		45,708
Nonredeemable preferred stock	—		20,209		—		20,209
Total equity securities	45,708		20,209		—		65,917
Total	$	45,820	$	736,736	$	—	$	782,556

	December 31, 2018
	Level 1		Level 2		Level 3		Total
	(in thousands)
Assets
Fixed maturities:
U.S. Treasury securities and obligations of U.S. government agencies	$	611	$	—	$	—	$	611
Obligations of states, municipalities and political subdivisions	—		154,600		—		154,600
Corporate and other securities	—		96,752		—		96,752
Commercial mortgage and asset-backed securities	—		149,867		—		149,867
Residential mortgage-backed securities	—		108,421		—		108,421
Total fixed maturities	611		509,640		—		510,251
Equity securities:
Exchange traded funds	38,987		—		—		38,987
Nonredeemable preferred stock	—		18,724		—		18,724
Total equity securities	38,987		18,724		—		57,711
Total	$	39,598	$	528,364	$	—	$	567,962