Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2015

Fair Value Measurements for 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 June 30, 2015:


			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	$	42,118	$	—	$	42,118	$	—
Obligations of states and political subdivisions		261,688		—		261,688		—
Corporate securities		54,812		—		54,812		—
Mortgage-backed securities		113,507		—		113,507		—
Equity securities		33,885		23,185		10,700		—

Totals	$	506,010	$	23,185	$	482,825	$	—

We did not transfer any investments between Levels 1 and 2 during the six months ended June 30, 2015.

The following table presents our fair value measurements for our investments in available-for-sale fixed maturity and equity securities at December 31, 2014:


			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	$	21,259	$	—	$	21,259	$	—
Obligations of states and political subdivisions		266,242		—		266,242		—
Corporate securities		53,945		—		53,945		—
Mortgage-backed securities		93,704		—		93,704		—
Equity securities		30,822		20,768		10,054		—

Totals	$	465,972	$	20,768	$	445,204	$	—