4. Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2014

Fair Value Measurements Tables

Schedule of Fair Value Measurements

The Company’s investments are allocated among pricing input levels at December 31, 2014 and 2013 as follows:

	December 31, 2014
($ in thousands)	Level 1		Level 2		Level 3		Total
Fixed-maturity investments available for sale
Political subdivisions of States, Territories and Possessions	$	-	$	14,244,439	$	-	$	14,244,439
Corporate and other bonds industrial and miscellaneous		29,257,850		7,618,570		-		36,876,420
Total fixed maturities		29,257,850		21,863,009		-		51,120,859
Equity investments		8,017,729		-		-		8,017,729
Total investments	$	37,275,579	$	21,863,009	$	-	$	59,138,588

	December 31, 2013
($ in thousands)	Level 1		Level 2		Level 3		Total
Fixed-maturity investments available for sale
Political subdivisions of States, Territories and Possessions	$	-	$	7,068,207	$	-	$	7,068,207
Corporate and other bonds industrial and miscellaneous		20,731,952		636,863		-		21,368,815
Total fixed maturities		20,731,952		7,705,070		-		28,437,022
Equity investments		6,796,673		-		-		6,796,673
Total investments	$	27,528,625	$	7,705,070	$	-	$	35,233,695