Disclosures About Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2020

Disclosures About Fair Value of Financial Instruments [Abstract]

Financial Instruments Carried at Fair Value Measured on a Recurring Basis

As of December 31, 2020, financial instruments carried at fair value were measured on a recurring basis as summarized below:

Assets:	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Fixed maturities	$	—	$	254,106	$	—	$	254,106
Equity securities		18,573		—		143		18,716
Cash equivalents		12,010		—		—		12,010
Total	$	30,583	$	254,106	$	143	$	284,832

As of December 31, 2019, financial instruments carried at fair value were measured on a recurring basis as summarized below:

Assets:	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Fixed maturities	$	—	$	232,472	$	—	$	232,472
Equity securities		22,922		—		—		22,922
Cash equivalents		7,173		—		—		7,173
Total	$	30,095	$	232,472	$	—	$	262,567

Carrying Amount, Estimated Fair Value and Level within the Fair Value Hierarchy of Financial Instruments

The following table sets forth the carrying amount, estimated fair value and level within the fair value hierarchy of the Company’s financial instruments as of December 31, 2020 and 2019.

	Level in		2020				2019
	Fair Value Hierarchy(1)		Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Assets:
Cash and cash equivalents	Level 1		$	19,319	$	19,319	$	12,893	$	12,893
Fixed maturities		(1)		254,106		254,106		232,472		232,472
Equity securities		(1)		18,716		18,716		22,922		22,922
Other invested assets	Level 3			3,238		3,238		9,960		9,960
Policy loans	Level 2			1,975		1,975		2,007		2,007
Investments in unconsolidated trusts	Level 2			1,238		1,238		1,238		1,238
Liabilities:
Junior Subordinated Debentures, net	Level 2			33,738		32,297		33,738		35,977

(1) See the aforementioned information for a description of the fair value hierarchy as well as a disclosure of levels for classes of these financial assets.