Investments (Tables)

9 Months Ended

Sep. 30, 2022

Investments

Schedule of gain and losses on investments

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Investment income, net of investment expenses	$	384	$	261	$	962	$	493
Realized gains on investments		10		26		16		46
Realized losses on investments		(59)		(39)		(203)		(91)
Investment income and realized gains, net of investment expenses	$	335	$	248	$	775	$	448

Summary of amortized cost, market value and unrealized gains (losses) of debt securities

	As of September 30, 2022
			Gross Unrealized
	Amortized Cost		Gains		Losses		Fair Value
U.S. Treasuries	$	5,487	$	1	$	(304)	$	5,184
Obligations of states, municipalities and political subdivisions		10,757		3		(1,363)		9,397
Corporate bonds		31,227		—		(3,072)		28,155
Residential and commercial mortgage-backed securities		14,645		1		(1,374)		13,272
Other loan-backed and structured securities		7,024		—		(463)		6,561
Total debt securities	$	69,140	$	5	$	(6,576)	$	62,569

	As of December 31, 2021
			Gross Unrealized
	Amortized Cost		Gains		Losses		Fair Value
U.S. Treasuries	$	5,452	$	1	$	(36)	$	5,417
Obligations of states, municipalities and political subdivisions		8,913		21		(84)		8,850
Corporate bonds		31,491		89		(155)		31,425
Residential and commercial mortgage-backed securities		14,387		34		(139)		14,282
Other loan-backed and structured securities		7,637		5		(41)		7,601
Total debt securities	$	67,880	$	150	$	(455)	$	67,575

Summary of remaining time to maturity

	As of September 30, 2022
Remaining Time to Maturity	Amortized Cost		Fair Value
Due in one year or less	$	5,081	$	5,012
Due after one year through five years		21,261		19,485
Due after five years through ten years		17,577		15,152
Due after ten years		3,552		3,087
Residential and commercial mortgage-backed securities		14,645		13,272
Other loan-backed and structured securities		7,024		6,561
Total	$	69,140	$	62,569

Summary of securities with gross unrealized loss position

	Less Than Twelve Months				Twelve Months or Greater				Total
	Gross				Gross				Gross
	Unrealized		Fair		Unrealized		Fair		Unrealized		Fair
At September 30, 2022	Loss		Value		Loss		Value		Loss		Value
U.S. Treasuries	$	(103)	$	2,611	$	(201)	$	2,256	$	(304)	$	4,867
Obligations of states, municipalities and political subdivisions		(902)		6,161		(461)		3,200		(1,363)		9,361
Corporate bonds		(2,461)		18,067		(611)		4,389		(3,072)		22,456
Residential and commercial mortgage-backed securities		(1,229)		11,074		(145)		2,135		(1,374)		13,209
Other loan-backed and structured securities		(442)		6,118		(21)		443		(463)		6,561
Total securities	$	(5,137)	$	44,031	$	(1,439)	$	12,423	$	(6,576)	$	56,454

	Less Than Twelve Months				Twelve Months or Greater				Total
	Gross				Gross				Gross
	Unrealized		Fair		Unrealized		Fair		Unrealized		Fair
At December 31, 2021	Loss		Value		Loss		Value		Loss		Value
U.S. Treasuries	$	(36)	$	5,007	$	—	$	—	$	(36)	$	5,007
Obligations of states, municipalities and political subdivisions		(84)		4,292		—		—		(84)		4,292
Corporate bonds		(155)		15,446		—		—		(155)		15,446
Residential and commercial mortgage-backed securities		(139)		9,687		—		—		(139)		9,687
Other loan-backed and structured securities		(41)		6,818		—		—		(41)		6,818
Total securities	$	(455)	$	41,250	$	—	$	—	$	(455)	$	41,250