The following tables present, for each of the fair value hierarchy levels as defined by the accounting guidance for fair value measurements described above, our Company’s Fixed Maturities and Equity Securities by asset class that are measured at fair value on a recurring basis, as well as the fair value of the 5.75% Senior Notes due October 15, 2023 (the “Senior Notes”) carried at amortized cost as of June 30, 2018 and December 31, 2017:

	June 30, 2018
amounts in thousands	Level 1		Level 2		Level 3		Total
Fixed Maturities:
U.S. Treasury Bonds, Agency Bonds and Foreign Government Bonds	$	80,379	$	209,233	$	—	$	289,612
States, Municipalities and Political Subdivisions		—		658,129		—		658,129
Mortgage-Backed and Asset-Backed Securities:
Agency Residential Mortgage-Backed Securities		—		362,870		—		362,870
Residential Mortgage Obligations		—		96,134		—		96,134
Asset-Backed Securities		—		476,838		—		476,838
Commercial Mortgage-Backed Securities		—		168,609		—		168,609
Subtotal	$	—	$	1,104,451	$	—	$	1,104,451
Corporate Exposures		—		909,349		—		909,349
Total Fixed Maturities	$	80,379	$	2,881,162	$	—	$	2,961,541
Equity Securities:
Common Stocks	$	38,441	$	106,636	$	—	$	145,077
Preferred Stocks		—		182,389		—		182,389
Total Equity Securities	$	38,441	$	289,025	$	—	$	327,466
Short-Term Investments		—		6,368		—		6,368
Total Assets Measured at Fair Value	$	118,820	$	3,176,555	$	—	$	3,295,375
Senior Notes	$	—	$	273,865	$	—	$	273,865
Total Liabilities Measured at Fair Value	$	—	$	273,865	$	—	$	273,865

	December 31, 2017
amounts in thousands	Level 1		Level 2		Level 3		Total
Fixed Maturities:
U.S. Treasury Bonds, Agency Bonds and Foreign Government Bonds	$	178,251	$	215,312	$	—	$	393,563
States, Municipalities and Political Subdivisions		—		814,632		—		814,632
Mortgage-Backed and Asset-Backed Securities:
Agency Residential Mortgage-Backed Securities		—		407,619		—		407,619
Residential Mortgage Obligations		—		54,104		—		54,104
Asset-Backed Securities		—		328,753		—		328,753
Commercial Mortgage-Backed Securities		—		160,904		—		160,904
Subtotal	$	—	$	951,380	$	—	$	951,380
Corporate Exposures		—		897,479		—		897,479
Total Fixed Maturities	$	178,251	$	2,878,803	$	—	$	3,057,054
Equity Securities:
Common Stocks	$	52,439	$	—	$	—	$	52,439
Preferred Stocks		—		183,542		—		183,542
Total Equity Securities	$	52,439	$	183,542	$	—	$	235,981
Short-Term Investments		6,480		—		—		6,480
Total Assets Measured at Fair Value	$	237,170	$	3,062,345	$	—	$	3,299,515
Senior Notes	$	—	$	277,951	$	—	$	277,951
Total Liabilities Measured at Fair Value	$	—	$	277,951	$	—	$	277,951