Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Measurements [Abstract]

Investments in Available-for-Sale Fixed Maturity and Equity Securities

The following table presents our fair value measurements for our investments in available-for-sale fixed maturity and equity securities at March 31, 2024:

	Fair Value Measurements Using
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(in thousands)
U.S. Treasury securities and obligations of U.S. government corporations and agencies	$	87,055	$	—	$	87,055	$	—
Obligations of states and political subdivisions		37,739		—		37,739		—
Corporate securities		195,170		—		195,170		—
Mortgage-backed securities		280,797		—		280,797		—
Equity securities		28,883		26,891		1,992		—
Total investments in the fair value hierarchy	$	629,644	$	26,891	$	602,753	$	—

The following table presents our fair value measurements for our investments in available-for-sale fixed maturity and equity securities at December 31, 2023:

	Fair Value Measurements Using
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(in thousands)
U.S. Treasury securities and obligations of U.S. government corporations and agencies	$	85,419	$	—	$	85,419	$	—
Obligations of states and political subdivisions		38,116		—		38,116		—
Corporate securities		196,793		—		196,793		—
Mortgage-backed securities		269,020		—		269,020		—
Equity securities		25,903		23,911		1,992		—
Totals	$	615,251	$	23,911	$	591,340	$	—