Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2020

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 September 30, 2020:

	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	$	48,307	$	—	$	48,307	$	—
Obligations of states and political subdivisions		68,777		—		68,777		—
Corporate securities		219,845		—		219,845		—
Mortgage-backed securities		241,111		—		241,111		—
Equity securities		54,945		50,541		4,404		—
Total investments in the fair value hierarchy	$	632,985	$	50,541	$	582,444	$	—

The following table presents our fair value measurements for our investments in available-for-sale fixed maturity and equity securities at December 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	$	19,364	$	—	$	19,364	$	—
Obligations of states and political subdivisions		56,796		—		56,796		—
Corporate securities		159,243		—		159,243		—
Mortgage-backed securities		329,548		—		329,548		—
Equity securities		55,478		53,124		2,354		—
Totals	$	620,429	$	53,124	$	567,305	$	—