XML 51 R33.htm IDEA: XBRL DOCUMENT v3.8.0.1
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2017
Fair Value Disclosures [Abstract]  
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 December 31, 2017:

 

     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)		  

U.S. Treasury securities and obligations of U.S. government corporations and agencies

    $ 44,049,424      $ —        $ 44,049,424      $ —    

Obligations of states and political subdivisions

      132,117,170        —          132,117,170        —    

Corporate securities

      105,739,419        —          105,739,419        —    

Mortgage-backed securities

      257,040,037        —          257,040,037        —    

Equity securities

      36,736,121        36,736,121        —          —    
  

 

 

     

 

 

     

 

 

     

 

 

  

Total investments in the fair value hierarchy

      575,682,171        36,736,121        538,946,050        —    
  

 

 

     

 

 

     

 

 

     

 

 

  

Investment measured at net asset value

      13,709,122        —          —          —    
  

 

 

     

 

 

     

 

 

     

 

 

  

Totals

    $ 589,391,293      $ 36,736,121      $ 538,946,050      $ —    
  

 

 

     

 

 

     

 

 

     

 

 

  

 

The following table presents our fair value measurements for our investments in available-for-sale fixed maturity and equity securities at December 31, 2016:

 

     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)		  

U.S. Treasury securities and obligations of U.S. government corporations and agencies

    $ 38,588,024      $ —        $ 38,588,024      $ —    

Obligations of states and political subdivisions

      186,082,885        —          186,082,885        —    

Corporate securities

      87,455,819        —          87,455,819        —    

Mortgage-backed securities

      202,948,212        —          202,948,212        —    

Equity securities

      35,922,337        35,922,337        —          —    
  

 

 

     

 

 

     

 

 

     

 

 

  

Total investments in the fair value hierarchy

      550,997,277        35,922,337        515,074,940        —    
  

 

 

     

 

 

     

 

 

     

 

 

  

Investment measured at net asset value

      11,165,505        —          —          —    
  

 

 

     

 

 

     

 

 

     

 

 

  

Totals

    $ 562,162,782      $ 35,922,337      $ 515,074,940      $ —