4. Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2013

Notes to Financial Statements

Schedule of Fair Value Measurements

The Company’s investments are allocated among pricing input levels at March 31, 2013 and December 31, 2012 as follows:

	March 31, 2013
($ in thousands)	Level 1		Level 2		Level 3		Total
	(unaudited)
Fixed-maturity investments available for sale
U.S. Treasury securities
and obligations of U.S.
government corporations
and agencies	$	-	$	-	$	-	$	-
Political subdivisions of
States, Territories and
Possessions		-		5,738		-		5,738
Corporate and other
bonds industrial and
miscellaneous		10,574		9,531		-		20,105
Total fixed maturities		10,574		15,269		-		25,843
Equity investments		7,112		-		-		7,112
Total investments	$	17,686	$	15,269	$	-	$	32,955

	December 31, 2012
($ in thousands)	Level 1		Level 2		Level 3		Total
Fixed-maturity investments
U.S. Treasury securities
and obligations of U.S.
government corporations
and agencies	$	-	$	-	$	-	$	-
Political subdivisions of
States, Territories and
Possessions		-		5,475		-		5,475
Corporate and other
bonds industrial and
miscellaneous		11,600		9,107		-		20,707
Total fixed maturities		11,600		14,582		-		26,182
Equity investments		5,290		-		-		5,290
Total investments	$	16,890	$	14,582	$	-	$	31,472