Fair Value (Tables)

12 Months Ended

Dec. 31, 2017

Fair Value Disclosures [Abstract]

Presentation of Carrying Values and Fair Values of Certain Financial Instruments

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

	December 31, 2017				December 31, 2016
	Carrying		Fair		Carrying		Fair
	Value		Value		Value		Value
Assets:
Investments, available-for-sale	$	129,945	$	129,945	$	117,212	$	117,212
Other investments		9,750		9,750		9,994		9,994
Liabilities:
Debentures payable		40,348		21,248		40,302		11,488
Term loan from principal stockholder		29,805		26,691		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). Certain other investments 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
December 31, 2017	Total		(Level 1)		(Level 2)		(Level 3)		(NAV)
Fixed maturities, available-for-sale:
U.S. government and agencies	$	19,347	$	19,347	$	—	$	—	$	—
Political subdivisions		4,083		—		4,083		—		—
Revenue and assessment		5,318		—		5,318		—		—
Corporate bonds		42,975		—		42,975		—		—
Collateralized mortgage obligations:
Agency backed		39,104		—		39,104		—		—
Non-agency backed – residential		2,670		—		2,670		—		—
Non-agency backed – commercial		405		—		405		—		—
Total fixed maturities, available-for-sale		113,902		19,347		94,555		—		—
Preferred stock, available-for-sale		3,104		3,104		—		—		—
Mutual funds, available-for-sale		12,939		12,939		—		—		—
Total investments, available-for-sale		129,945		35,390		94,555		—		—
Other investments		9,750		—		—		4,750		5,000
Cash, cash equivalents, and restricted cash		115,477		115,477		—		—		—
Total	$	255,172	$	150,867	$	94,555	$	4,750	$	5,000

			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 stock, 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 investments		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 those assets classified as Level 3 during the year ended December 31, 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		—
Losses included in comprehensive loss		(186	)
Investments and capital calls		78
Distributions received		—
Transfers into and out of Level 3		—
Balance at December 31, 2017	$	4,750