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Disclosures About Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2021

Disclosures About Fair Value of Financial Instruments [Abstract]

Financial Instruments Carried at Fair Value Measured on a Recurring Basis

As of December 31, 2021, 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		$	250			$	260,486			$	250			$	260,986
Equity securities			18,967				—				157				19,124
Cash equivalents			12,713				—				—				12,713
Total		$	31,930			$	260,486			$	407			$	292,823

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

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, 2021 and 2020.

		Level in				2021								2020
		Fair Value Hierarchy⁽¹⁾				Carrying Amount				Estimated Fair Value				Carrying Amount				Estimated Fair Value
Assets:
Cash and cash equivalents		Level 1				$	24,753			$	24,753			$	19,319			$	19,319
Fixed maturities		⁽¹⁾					260,986				260,986				254,106				254,106
Equity securities		⁽¹⁾					19,124				19,124				18,716				18,716
Other invested assets		Level 3					198				198				3,238				3,238
Policy loans		Level 2					1,858				1,858				1,975				1,975
Investments in unconsolidated trusts		Level 2					1,238				1,238				1,238				1,238

Liabilities:
Junior Subordinated Debentures, net		Level 2					33,738				33,728				33,738				32,297

(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.