SUMMARY OF INVESTMENTS – OTHER THAN INVESTMENTS IN RELATED PARTIES

AS OF DECEMBER 31, 2018



Type of Investment (in thousands)	Cost (1)		Market Value		Amount at which shown in the Balance Sheet (2)

Fixed maturity securities:
Government obligation	$	1,023	$	1,016	$	1,016
General obligations of U.S. states, territories and political subdivisions	19,310		19,396		19,396
Special revenue issuer obligations of U.S. states, territories and political subdivisions	41,333		42,182		42,182
Public utilities	15,550		15,609		15,609
Corporate debt securities	10,498		10,754		10,754
Total fixed maturity securities	87,714		88,957		88,957

Equity securities:
Common stocks:
Public utilities	303		444		444
Banks, trusts and insurance companies	3,195		5,813		5,813
Industrial, miscellaneous and all other	24,930		35,708		35,708
Technology	2,827		6,524		6,524
Total equity securities	31,255		48,489		48,489

Other investments:
Short-term investments	32,787		32,787		32,787
Other investments (3)	11,293		11,293		11,293
Total other investments	44,080		44,080		44,080

Total investments (3)	$	163,049	$	181,526	$	181,526


(1)	Fixed maturity securities are shown at amortized cost and equity securities are shown at original cost.


(2)	All fixed maturity securities presented are classified as available-for-sale and shown at estimated fair value. Equity securities are shown at fair value.


(3)	The above summary of investments does not include investments in related parties accounted for under the cost and equity methods of accounting in the amount of $1,143.