INVESTMENTS (Tables)

3 Months Ended

Mar. 31, 2020

Investments [Abstract]

Schedule of Unrealized Loss on Investments

The amortized cost, gross unrealized gains and losses, and estimated fair value of the Company's available-for-sale investments at March 31, 2020 and December 31, 2019 are summarized in the tables shown below:

(in thousands)	March 31, 2020
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated  Fair Value
Fixed maturities:
U.S. government, government agencies and authorities	$	5,503	$	126	$	—	$	5,629
States, municipalities and political subdivisions	600		3		—		603
Mortgage-backed	4,009		48		3		4,054
Corporate	4,953		22		14		4,961
Total fixed maturities	$	15,065	$	199	$	17	$	15,247

(in thousands)	December 31, 2019
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated  Fair Value
Fixed maturities:
U.S. government, government agencies and authorities	$	13,246	$	74	$	4	$	13,316
States, municipalities and political subdivisions	601		—		1		600
Mortgage-backed	2,951		2		14		2,939
Corporate	5,338		8		6		5,340
Total fixed maturities	$	22,136	$	84	$	25	$	22,195

Investments Classified by Contractual Maturity Date

The table below summarizes the Company's fixed maturities at March 31, 2020 by contractual maturity periods. Actual results may differ as issuers may have the right to call or prepay obligations, with or without penalties, prior to the contractual maturity of these obligations.

(in thousands)	March 31, 2020
	Amortized Cost		Estimated Fair Value
Due in one year or less	$	4,166	$	4,183
Due after one year through five years	9,530		9,676
Due after five years through ten years	538		549
Due after ten years	831		839
Total	$	15,065	$	15,247

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value

The following tables highlight the aggregate unrealized loss position, by security type, of available-for-sale investments in unrealized loss positions as of March 31, 2020 and December 31, 2019. The tables segregate the holdings based on the period of time the investments have been continuously held in unrealized loss positions.

(in thousands)									March 31, 2020
	Less than 12 Months				Greater than 12 Months				Total
	Estimated Fair Value		Unrealized Loss		Estimated Fair Value		Unrealized Loss		Estimated Fair Value		Unrealized Loss
Fixed maturities:
States, municipalities and political subdivisions	$	100	$	—	$	—	$	—	$	100	$	—
Mortgage-backed	354		3		149		—		503		3
Corporate	1,176		12		199		2		1,375		14
Total fixed maturities	$	1,630	$	15	$	348	$	2	$	1,978	$	17

(in thousands)									December 31, 2019
	Less than 12 Months				Greater than 12 Months				Total
	Estimated Fair Value		Unrealized Loss		Estimated Fair Value		Unrealized Loss		Estimated Fair Value		Unrealized Loss
Fixed maturities:
U.S. government, government agencies and authorities	$	305	$	—	$	1,002	$	4	$	1,307	$	4
States, municipalities and political subdivisions	—		—		453		1		453		1
Mortgage-backed	1,063		1		1,271		13		2,334		14
Corporate	2,495		4		526		2		3,021		6
Total fixed maturities	$	3,863	$	5	$	3,252	$	20	$	7,115	$	25

Investment Income

Net investment income for the three months ended March 31, 2020 and March 31, 2019 is comprised as follows:

(in thousands)	Three months ended March 31,
	2020			2019
Investment income:
Interest from fixed maturities	$	102		$	73
Dividends	45			58
Income (loss) from limited liability investments	23			(18		)
Income from limited liability investments, at fair value	234			235
Income from real estate investments	200			200
Other	127			178
Gross investment income	731			726
Investment expenses	(12		)	(27		)
Net investment income	$	719		$	699

Schedule of Realized Gain (Loss)

Gross realized gains and losses on available-for-sale investments, limited liability investments, limited liability investments, at fair value and investments in private companies for the three months ended March 31, 2020 and March 31, 2019 are comprised as follows:

(in thousands)	Three months ended March 31,
	2020		2019
Gross realized gains	$	208	$	315
Gross realized losses	—		—
Net realized gains gains	$	208	$	315

Schedule of Gain on Change in Fair Value of Equity Investments

(Loss) gain on change in fair value of equity investments for the three months ended March 31, 2020 and March 31, 2019 is comprised as follows:

(in thousands)	Three months ended March 31,
	2020			2019
Net losses recognized on equity investments sold during the period	$	—		$	—
Change in unrealized (losses) gains on equity investments held at end of the period	(597		)	78
(Loss) gain on change in fair value of equity investments	$	(597	)	$	78