Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2019

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 March 31, 2019:


	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	$	30,037	$	—	$	30,037	$	—
Obligations of states and political subdivisions		69,571		—		69,571		—
Corporate securities		143,550		—		143,550		—
Mortgage-backed securities		306,864		—		306,864		—
Equity securities		34,711		32,365		2,346		—

Total investments in the fair value hierarchy		584,733		32,365		552,368		—

Investment measured at net asset value		14,711		—		—		—

Totals	$	599,444	$	32,365	$	552,368	$	—

The following table presents our fair value measurements for our investments in available-for-sale fixed maturity and equity securities at December 31, 2018:


	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	$	44,210	$	—	$	44,210	$	—
Obligations of states and political subdivisions		75,216		—		75,216		—
Corporate securities		137,833		—		137,833		—
Mortgage-backed securities		269,299		—		269,299		—
Equity securities		30,675		28,351		2,324		—

Total investments in the fair value hierarchy		557,233		28,351		528,882		—

Investment measured at net asset value		12,992		—		—		—

Totals	$	570,225	$	28,351	$	528,882	$	—