4. Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2015

Notes to Financial Statements

Schedule of Fair Value Measurements

The Company’s investments are allocated among pricing input levels at September 30, 2015 and December 31, 2014 as follows:

	September 30, 2015
($ in thousands)	Level 1	Level 2	Level 3	Total
Fixed-maturity securities available-for-sale
Political subdivisions of
States, Territories and
Possessions	$                  -	$ 14,124,008	$                  -	$ 14,124,008
Corporate and other
bonds industrial and
miscellaneous	35,363,872	8,058,717	-	43,422,589
Residential mortgage backed securities	-	4,548,712	-	4,548,712
Total fixed maturities	35,363,872	26,731,437	-	62,095,309
Equity securities	9,493,292	-	-	9,493,292
Total investments	$ 44,857,164	$ 26,731,437	$                  -	$ 71,588,601

	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