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Investments in Securities and Fair Value (Tables)
 12 Months Ended
Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
Schedule of Gross Unrealized Gains (Losses) and Amortized Cost for Securities
The estimated fair value, gross unrealized holding gains, gross unrealized holding losses and amortized cost for fixed maturity securities by major classification are as follows:
As of December 31, 2023 (in thousands)Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair
Value
Fixed maturity securities, available-for-sale, at fair value:
Government obligations
$2,220 $2 $(2)$2,220 
General obligations of U.S. states, territories and political subdivisions
9,419 64 (24)9,459 
Special revenue issuer obligations of U.S. states, territories and political subdivisions
24,908 145 (66)24,987 
Corporate debt securities26,559 655 (33)27,181 
Total$63,106 $866 $(125)$63,847 
As of December 31, 2022 (in thousands)Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair
Value
Fixed maturity securities, available-for-sale, at fair value:
Governmental obligations
$4,329 $— $(7)$4,322 
General obligations of U.S. states, territories and political subdivisions
8,561 21 (36)8,546 
Special revenue issuer obligations of U.S. states, territories and political subdivisions
30,123 106 (219)30,010 
Corporate debt securities10,762 417 (68)11,111 
Total$53,775 $544 $(330)$53,989 
The cost and estimated fair value of equity securities are as follows:
As of December 31, 2023 (in thousands)CostEstimated
Fair
Value
Equity securities, at fair value:  
Common stocks$22,981 $37,212 
Total$22,981 $37,212 
As of December 31, 2022 (in thousands)CostEstimated
Fair
Value
Equity securities, at fair value:  
Common stocks$25,278 $51,691 
Total$25,278 $51,691 
Schedule Of Fixed Maturity Securities
The scheduled maturities of fixed maturity securities at December 31, 2023 are as follows:
Available-for-Sale
(in thousands)Amortized
Cost		Fair
Value
Due in one year or less$24,328 $24,430 
Due after one year through five years27,348 27,530 
Due after five years through ten years10,597 10,785 
Due after ten years833 1,102 
Total$63,106 $63,847 
Schedule of Unrealized Loss on Investments
The following table presents the gross unrealized losses on fixed maturity securities and the estimated fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous loss position at December 31, 2023 and 2022, respectively:
Less than 12 Months12 Months or LongerTotal
As of December 31, 2023 (in thousands)Estimated Fair ValueUnrealized LossesEstimated Fair ValueUnrealized LossesEstimated Fair ValueUnrealized Losses
Government obligations$1,488 $(2)$— $— $1,488 $(2)
General obligations of U.S. states, territories and political subdivisions5,925 (23)101 (1)6,026 (24)
Special revenue issuer obligations of U.S. states, territories and political subdivisions7,124 (16)3,085 (50)10,209 (66)
Corporate debt securities6,052 (29)296 (4)6,348 (33)
Total $20,589 $(70)$3,482 $(55)$24,071 $(125)
Less than 12 Months12 Months or LongerTotal
As of December 31, 2022 (in thousands)Estimated Fair ValueUnrealized LossesEstimated Fair ValueUnrealized LossesEstimated Fair ValueUnrealized Losses
Government obligations$4,322 $(7)$— $— $4,322 $(7)
General obligations of U.S. states, territories and political subdivisions3,221 (36)— — 3,221 (36)
Special revenue issuer obligations of U.S. states, territories and political subdivisions12,568 (216)1,100 (3)13,668 (219)
Corporate debt securities6,498 (68)— — 6,498 (68)
Total$26,609 $(327)$1,100 $(3)$27,709 $(330)
Schedule of Earnings on Investments
Earnings on investments for the years ended December 31 are as follows:
(in thousands)20232022
Fixed maturity securities$2,317 $1,902 
Equity securities1,078 1,425 
Invested cash and other short-term investments5,659 1,375 
Miscellaneous interest1 2 
Interest and dividends$9,055 $4,704 
Schedule of Gross Realized Gain (Loss) on Securities
Gross realized gains and losses on sales of investments and unrealized holding gains and losses for the years ended December 31 are summarized as follows:
(in thousands)20232022
Gross realized gains from securities:
Corporate debt securities$— $— 
Common stocks16,350 11,020 
Total$16,350 $11,020 
Gross realized losses from securities:
General obligations of U.S. states, territories and political subdivisions$— $(353)
Corporate debt securities— (104)
Common stocks (400)(290)
Impairment of securities(201)(172)
Total$(601)$(919)
Net realized gains from securities$15,749 $10,101 
Net realized other investment gains (losses):
Gains on other investments $5 $— 
Losses on other investments(123)(366)
Total$(118)$(366)
Net realized investment gains$15,631 $9,735 
Changes in the estimated fair value of equity security investments$(12,183)$(20,961)
Net investment gains (losses)$3,448 $(11,226)
Schedule of Variable Interest Entities The following table sets forth details about the Company's variable interest investments in VIEs, which are structured either as limited partnerships ("LPs") or LLCs, as of December 31, 2023:
Type of Investment (in thousands) Balance Sheet ClassificationCarrying ValueEstimated Fair ValueMaximum Potential Loss *
Real estate LLCs or LPsOther investments$13,310 $14,166 $18,060 
Small business investment LLCs or LPsOther investments200 200 80 
Total$13,510 $14,366 $18,140 
*Maximum potential loss is calculated as the total investment in the LLC or LP including any capital commitments that may have not yet been called. The Company is not exposed to any loss beyond the total commitment of its investment.
Schedule of Fair Value Assets Measured on Recurring Basis
The following table presents, by level, fixed maturity securities carried at estimated fair value as of December 31, 2023 and 2022:
As of December 31, 2023 (in thousands)Level 1Level 2 *Level 3Total
Fixed maturity securities:    
Obligations of U.S. states, territories and political subdivisions$2,220 $34,446 $— $36,666 
Corporate debt securities— 27,181 — 27,181 
Total$2,220 $61,627 $— $63,847 
As of December 31, 2022 (in thousands)Level 1Level 2 *Level 3Total
Fixed maturity securities:
Obligations of U.S. states, territories and political subdivisions$4,322 $38,556 $— $42,878 
Corporate debt securities— 11,111 — 11,111 
Total$4,322 $49,667 $— $53,989 

*Denotes fair market value obtained from pricing services.
Schedule of Carrying Value and Fair Value of Financial Assets
The following table presents, by level, estimated fair values of equity investments and other financial instruments as of December 31, 2023 and 2022:
As of December 31, 2023 (in thousands)Level 1Level 2Level 3Total
Financial assets:
Cash$24,031 $— $— $24,031 
Accrued interest and dividends978 — — 978 
Equity securities, at fair value:
Common stocks37,212 — — 37,212 
Short-term investments:
Money market funds and U.S. Treasury bills110,224 — — 110,224 
Total$172,445 $— $— $172,445 
As of December 31, 2022 (in thousands)Level 1Level 2Level 3Total
Financial assets:
Cash$35,311 $— $— $35,311 
Accrued interest and dividends872 — — 872 
Equity securities, at fair value:
Common stocks51,691 — — 51,691 
Short-term investments:
Money market funds and U.S. Treasury bills103,649 — — 103,649 
Total$191,523 $— $— $191,523 
Fair Value Measurements, Nonrecurring The following table presents assets measured at fair value on a non-recurring basis as of December 31, 2023 and 2022:
As of December 31, 2023 (in thousands)Level 1Level 2Level 3Total
Financial assets:
Equity investments in unconsolidated affiliates, measurement alternative$— $— $9,300 $9,300 
Notes receivable— — 2,201 2,201 
Total$— $— $11,501 $11,501 
As of December 31, 2022 (in thousands)Level 1Level 2Level 3Total
Financials assets:
Equity investments in unconsolidated affiliates, measurement alternative$— $— $8,915 $8,915 
Notes receivable— — 1,921 1,921 
Total$— $— $10,836 $10,836