Fair Value (Tables)

9 Months Ended

Sep. 30, 2017

Fair Value Disclosures [Abstract]

Presentation of Carrying Values and Fair Values of Certain Financial Instruments

The carrying values and fair values of certain financial instruments were as follows (in thousands).

	September 30, 2017				December 31, 2016
	Carrying		Fair		Carrying		Fair
	Value		Value		Value		Value
Assets:
Investments, available-for-sale	$	133,448	$	133,448	$	117,212	$	117,212
Other investments		10,486		10,486		9,994		9,994
Liabilities:
Debentures payable		40,336		17,375		40,302		11,488
Term loan from principal stockholder		29,799		22,114		29,779		15,000

Presentation of Fair-Value Measurements for Each Major Category of Assets Measured on Recurring Basis

The following tables present the fair-value measurements for each major category of assets that are measured on a recurring basis (in thousands). Other investments in limited partnerships are carried at net asset value which approximates fair value.

			Fair Value Measurements Using
			Quoted Prices		Significant
			in Active		Other		Significant		Proportionate
			Markets for		Observable		Unobservable		Share of
			Identical Assets		Inputs		Inputs		Net Assets
September 30, 2017	Total		(Level 1)		(Level 2)		(Level 3)		(NAV)
Fixed maturities, available-for-sale:
U.S. government and agencies	$	19,495	$	19,495	$	—	$	—	$	—
Political subdivisions		4,172		—		4,172		—		—
Revenue and assessment		5,450		—		5,450		—		—
Corporate bonds		43,670		—		43,670		—		—
Collateralized mortgage obligations:
Agency backed		40,670		—		40,670		—		—
Non-agency backed – residential		2,713		—		2,713		—		—
Non-agency backed – commercial		1,181		—		1,181		—		—
Total fixed maturities, available-for-sale		117,351		19,495		97,856		—		—
Preferred stocks, available-for-sale		3,206		3,206		—		—		—
Mutual funds, available-for-sale		12,891		12,891	—			—		—
Total investments, available-for-sale		133,448		35,592		97,856		—		—
Other investments		10,486		—		—		5,470		5,016
Cash, cash equivalents, and restricted cash		111,251		111,251		—		—		—
Total	$	255,185	$	146,843	$	97,856	$	5,470	$	5,016

			Fair Value Measurements Using
			Quoted Prices		Significant
			in Active		Other		Significant		Proportionate
			Markets for		Observable		Unobservable		Share of
			Identical Assets		Inputs		Inputs		Net Assets
December 31, 2016	Total		(Level 1)		(Level 2)		(Level 3)		(NAV)
Fixed maturities, available-for-sale:
U.S. government and agencies	$	18,951	$	18,951	$	—	$	—	$	—
Political subdivisions		4,165		—		4,165		—		—
Revenue and assessment		5,683		—		5,683		—		—
Corporate bonds		45,540		—		45,540		—		—
Collateralized mortgage obligations:
Agency backed		22,422		—		22,422		—		—
Non-agency backed – residential		2,933		—		2,933		—		—
Non-agency backed – commercial		1,895		—		1,895		—		—
Total fixed maturities, available-for-sale		101,589		18,951		82,638		—		—
Preferred stocks, available-for-sale		3,112		3,112		—		—		—
Mutual funds, available-for-sale		12,511		12,511	—			—		—
Total investments, available-for-sale		117,212		34,574		82,638		—		—
Other investment		9,994		—		—		4,858		5,136
Cash, cash equivalents, and restricted cash		118,681		118,681		—		—		—
Total	$	245,887	$	153,255	$	82,638	$	4,858	$	5,136

Quantitative Disclosure for Assets Classified as Level 3

The following table represents the quantitative disclosure for the asset classified as Level 3 during the nine months ended September 30, 2017 (in thousands).

	Fair Value
	Measurements Using
	Significant Unobservable
	Inputs (Level 3)
	Common Stock
	at Fair Value
Balance at December 31, 2016	$	4,858
Gains included in net loss		—
Gains included in comprehensive income (loss)		535
Investments and capital calls		77
Distributions received		—
Transfers into and out of Level 3		—
Balance at September 30, 2017	$	5,470