FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables set forth our fair value measurements as of March 31, 2023 and December 31, 2022, for assets measured at fair value on a recurring basis (in thousands):

	March 31, 2023
	Level 1		Level 2		Level 3		Total
Assets
Cash equivalents	$	363,663	$	15,749	$	—	$	379,412
Fixed maturity securities, available for sale:
U.S. government and agency obligations	5,152		1,895		—		7,047
Corporate obligations	—		2,841		—		2,841
State and municipal obligations	—		446		—		446
Certificates of deposit	—		3,304		—		3,304
Mortgage-backed securities	—		36		—		36
Asset-backed securities	—		72		—		72
Other	—				—		—
Total fixed maturity securities, available for sale:	5,152		8,594		—		13,746
Total assets at fair value	$	368,815	$	24,343	$	—	$	393,158

	December 31, 2022
	Level 1		Level 2		Level 3		Total
Assets
Cash equivalents	$	316,752	$	15,601	$	—	$	332,353
Fixed maturity securities, available for sale:
U.S. government and agency obligations	6,354		2,087		—		8,441
Corporate obligations	—		3,307		—		3,307
State and municipal obligations	—		695		—		695
Certificates of deposit	—		3,318		—		3,318
Mortgage-backed securities	—		156		—		156
Asset-backed securities	—		60		—		60
Other	—		1		—		1
Total fixed maturity securities, available for sale:	6,354		9,624		—		15,978
Total assets at fair value	$	323,106	$	25,225	$	—	$	348,331

Schedule of Fair Value Disclosure of Asset and Liability Not Measured at Fair Value

The following tables set forth the Company’s fair value measurements as of March 31, 2023 and December 31, 2022, for certain financial instruments not measured at fair value on a recurring basis (in thousands):

	March 31, 2023
	Level 1		Level 2		Level 3		Total
Cash equivalents, held to maturity	$	3,094	$	—	$	—	$	3,094
Fixed maturity securities, held to maturity:
U.S. government and agency obligations	233		—		—		233
Certificates of deposit	1,619		330		—		1,949
Total held to maturity	$	4,946	$	330	$	—	$	5,276

	December 31, 2022
	Level 1		Level 2		Level 3		Total
Cash equivalents, held to maturity	$	8,450	$	—	$	—	$	8,450
Fixed maturity securities, held to maturity:
U.S. government and agency obligations	685		—		—		685
Certificates of deposit	—		1,947		—		1,947
Total held to maturity	$	9,135	$	1,947	$	—	$	11,082