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Disclosures About Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2022

Disclosures About Fair Value of Financial Instruments [Abstract]

Financial Instruments Carried at Fair Value Measured on a Recurring Basis

As of December 31, 2022, financial instruments carried at fair value were measured on a recurring basis as summarized below:

Assets:		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Total
Fixed maturities		$	—			$	208,729			$	—			$	208,729
Equity securities			11,406				—				156				11,562
Cash equivalents			18,861				—				—				18,861
Total		$	30,267			$	208,729			$	156			$	239,152

As of December 31, 2021, financial instruments carried at fair value were measured on a recurring basis as summarized below:

Assets:		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Total
Fixed maturities		$	250			$	260,486			$	250			$	260,986
Equity securities			18,967				—				157				19,124
Cash equivalents			12,713				—				—				12,713
Total		$	31,930			$	260,486			$	407			$	292,823

Carrying Amount, Estimated Fair Value and Level within the Fair Value Hierarchy of Financial Instruments

The following table sets forth the carrying amount, estimated fair value and level within the fair value hierarchy of the Company’s financial instruments as of December 31, 2022 and 2021.

		Level in				2022								2021
		Fair Value Hierarchy⁽¹⁾				Carrying Amount				Estimated Fair Value				Carrying Amount				Estimated Fair Value
Assets:
Cash and cash equivalents		Level 1				$	28,863			$	28,863			$	24,753			$	24,753
Fixed maturities		⁽¹⁾					208,729				208,729				260,986				260,986
Equity securities		⁽¹⁾					11,562				11,562				19,124				19,124
Other invested assets		Level 3					5,386				5,386				198				198
Policy loans		Level 2					1,759				1,759				1,858				1,858
Investments in unconsolidated trusts		Level 2					1,238				1,238				1,238				1,238

Liabilities:
Junior subordinated debentures, net		Level 2					33,738				33,810				33,738				33,728
Revolving credit facility		Level 2					2,009				2,009				—				—

(1)	See the aforementioned information for a description of the fair value hierarchy as well as a disclosure of levels for classes of these financial assets.