XML 54 R34.htm IDEA: XBRL DOCUMENT

Marketable Securities (Tables)

12 Months Ended

Dec. 31, 2021

Investments, Debt and Equity Securities [Abstract]

The following table summarizes amortized cost, gross unrealized gains and losses and fair values of the Company’s investments in fixed maturity debt securities as of December 31, 2021 and December 31, 2020:


	December 31, 2021
	Amortized Cost/ Cost Basis		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
U.S. Treasuries	$	—	$	—	$	—	$	—
Corporate bonds	57,460		—		(72)		57,388
Municipal bonds	28,325		5		(10)		28,320
Commercial paper	19,989		—		—		19,989
Foreign governments	12,291		2		(18)		12,275
Total Fixed Maturity Debt Securities	$	118,065	$	7	$	(100)	$	117,972


	December 31, 2020
	Amortized Cost/ Cost Basis		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
U.S. Treasuries	$	240	$	6	$	—	$	246
Corporate bonds	261		5		(1)		265
U.S. states, territories and political subdivisions	141		5		—		146
Total Fixed Maturity Debt Securities	$	642	$	16	$	(1)	$	657

Investments Classified by Contractual Maturity Date

The amortized cost and fair value of the Company’s fixed maturity debt securities as of December 31, 2021 by contractual maturity are shown below. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.


	Amortized Cost		Fair Value
Due in one year or less	$	116,114	$	116,031
Due after one year through five years	1,593		1,585
Due after five years through ten years	358		356
Total	$	118,065	$	117,972

Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value

The following tables summarize the Company’s gross unrealized losses in fixed maturity debt securities as of December 31, 2021 and December 31, 2020:


			December 31, 2021
	Less Than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Corporate bonds	$	56,902	$	(69)	$	376	$	(3)	$	57,278	$	(72)
Municipal bonds	19,945		(7)		340		(3)		20,285		(10)
Foreign governments	12,152		(18)		—		—		12,152		(18)
Total Fixed Maturity Debt Securities	$	88,999	$	(94)	$	716	$	(6)	$	89,715	$	(100)


			December 31, 2020
	Less Than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Corporate bonds	$	39	$	(1)	$	—	$	—	$	39	$	(1)
Total Fixed Maturity Debt Securities	$	39	$	(1)	$	—	$	—	$	39	$	(1)

Summary of Cost and Estimated Fair Values of Equity Securities

The following tables summarize cost and fair values of the Company’s investments in equity securities as of December 31, 2021 and December 31, 2020:


	December 31, 2021
	Cost		Fair Value
Equity securities	$	432	$	558


	December 31, 2020
	Cost		Fair Value
Equity securities	$	335	$	375

Gain (Loss) on Securities

Proceeds from sales and maturities, gross realized gains, gross realized losses and net realized gains (losses) from sales and maturities of fixed maturity securities for the years ended December 31, 2021 and 2020 consisted of the following:


	December 31, 2021
	Proceeds		Gross Realized Gains		Gross Realized Losses		Net Realized Gain
Fixed maturity debt securities	$	239,930	$	7	$	—	$	7
Equity securities	1		—		—		—
Total Marketable Securities	$	239,931	$	7	$	—	$	7


	December 31, 2020
	Proceeds		Gross Realized Gains		Gross Realized Losses		Net Realized Gain
Fixed maturity debt securities	$	18	$	—	$	—	$	—
Equity securities	50		1		(2)		(1)
Total Marketable Securities	$	68	$	1	$	(2)	$	(1)