The following table presents our fair value measurements for our investments in available-for-sale fixed maturity and equity securities at September 30, 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	$	42,528	$	—	$	42,528	$	—
Obligations of states and political subdivisions		82,674		—		82,674		—
Corporate securities		132,782		—		132,782		—
Mortgage-backed securities		267,043		—		267,043		—
Equity securities		42,228		42,228		—		—

Total investments in the fair value hierarchy		567,255		42,228		525,027		—

Investment measured at net asset value		15,745		—		—		—

Totals	$	583,000	$	42,228	$	525,027	$	—

We did not transfer any investments between Levels 1 and 2 during the nine months ended September 30, 2018.

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)
			(in thousands)
U.S. Treasury securities and obligations of U.S. government corporations and agencies	$	44,049	$	—	$	44,049	$	—
Obligations of states and political subdivisions		132,117		—		132,117		—
Corporate securities		105,739		—		105,739		—
Mortgage-backed securities		257,041		—		257,041		—
Equity securities		36,736		36,736		—		—

Total investments in the fair value hierarchy		575,682		36,736		538,946		—

Investment measured at net asset value		13,709		—		—		—

Totals	$	589,391	$	36,736	$	538,946	$	—