Fair Value Measurements (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2021

Dec. 31, 2020

Fair Value Measurements

Fair value hierarchy for financial assets and liabilities

The following tables present the Company’s fair value hierarchy for financial assets and liabilities measured as of September 30, 2021 and December 31, 2020 ($ in millions):

	September 30, 2021
	Level 1		Level 2		Level 3		Total
Assets:
Corporate debt securities	$	—	$	587.1	$	—	$	587.1
U.S. Government obligations		—		109.9		—		109.9
Municipal securities		—		0.6		—		0.6
Fixed maturities		—	$	697.6		—	$	697.6
Short term investments		—		107.5		—		107.5
Total	$	—	$	805.1	$	—	$	805.1

	December 31, 2020
	Level 1		Level 2		Level 3		Total
Assets:
Corporate debt securities	$	—	$	—	$	—	$	—
U.S. Government obligations		—		6.6		—		6.6
Municipal securities		—		—		—		—
Fixed maturities		—		6.6		—		6.6
Short term investments		—		—		—		—
Total	$	—	$	6.6	$	—	$	6.6

The following tables present the Company’s fair value hierarchy for financial assets and liabilities measured as of December 31, 2020 and 2019 ($ in millions):

	Fair Value Measurements as of December 31, 2020
	Level 1		Level 2		Level 3		Total
Assets:
U.S. Government obligations	$	—	$	6.6	$	—	$	6.6
Total	$	—	$	6.6	$	—	$	6.6

	Fair Value Measurements as of December 31, 2019
	Level 1		Level 2		Level 3		Total
Assets:
U.S. Government obligations	$	—	$	5.9	$	—	$	5.9
Total	$	—	$	5.9	$	—	$	5.9