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Disclosures About Fair Value of Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2018
Disclosures About Fair Value of Financial Instruments [Abstract] |
Financial Instruments Carried at Fair Value Measured on a Recurring Basis | As of December 31, 2018, 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 |  | $ | 11,413 |  |  | $ | 197,907 |  |  | $ | 1,066 | (1) |  | $ | 210,386 |
Equity securities |  |  | 16,398 |  |  |  | 4,360 | (1) |  |  | - |  |  |  | 20,758 |
Cash equivalents |  |  | 8,250 |  |  |  | - |  |  |  | - |  |  |  | 8,250 |
Total |  | $ | 36,061 |  |  | $ | 202,267 |  |  | $ | 1,066 |  |  | $ | 239,394 |
| (1) | All underlying securities are financial service industry related.
As of December 31, 2017, 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 |  | $ | - |  |  | $ | 213,739 |  |  | $ | 1,369 | (1) |  | $ | 215,108 |
Equity securities |  |  | 17,973 |  |  |  | 5,382 | (1) |  |  | - |  |  |  | 23,355 |
Cash equivalents |  |  | 13,855 |  |  |  | - |  |  |  | - |  |  |  | 13,855 |
Total |  | $ | 31,828 |  |  | $ | 219,121 |  |  | $ | 1,369 |  |  | $ | 252,318 |
| (1) | All underlying securities are financial service industry related.
Roll-forward of Financial Instruments Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3) | The following is a roll-forward of the Company’s financial instruments measured at fair value on a recurring basis using significant unobservable inputs (Level 3) from January 1, 2017 to December 31, 2018.
|  | Fixed Maturities |
Balance, January 1, 2017 |  | $ | 1,264 |
Total unrealized gains included in other comprehensive income |  |  | 105 |
Balance, December 31, 2017 |  |  | 1,369 |
Total realized gains included in earnings |  |  | 208 |
Total unrealized losses included in other comprehensive loss |  |  | (28 | )
Settlements |  |  | (483 | )
Balance, December 31, 2018 |  | $ | 1,066 |
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, 2018 and 2017.
|  |  |  |  | 2018 |  |  | 2017 |
|  | Level in Fair Value Hierarchy (1) |  |  | Carrying Amount |  |  | Estimated Fair Value |  |  | Carrying Amount |  |  | Estimated Fair Value |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | Level 1 |  |  | $ | 12,630 |  |  | $ | 12,630 |  |  | $ | 24,547 |  |  | $ | 24,547 |
Fixed maturities |  | (1) |  |  |  | 210,386 |  |  |  | 210,386 |  |  |  | 215,108 |  |  |  | 215,108 |
Equity securities |  | (1) |  |  |  | 20,758 |  |  |  | 20,758 |  |  |  | 23,355 |  |  |  | 23,355 |
Other invested assets |  | Level 3 |  |  |  | 7,424 |  |  |  | 7,424 |  |  |  | 5,626 |  |  |  | 5,626 |
Policy loans |  | Level 2 |  |  |  | 2,085 |  |  |  | 2,085 |  |  |  | 2,146 |  |  |  | 2,146 |
Real estate |  | Level 2 |  |  |  | 38 |  |  |  | 38 |  |  |  | 38 |  |  |  | 38 |
Investments in unconsolidated trusts |  | Level 2 |  |  |  | 1,238 |  |  |  | 1,238 |  |  |  | 1,238 |  |  |  | 1,238 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Junior Subordinated Debentures, net |  | Level 2 |  |  |  | 33,738 |  |  |  | 33,738 |  |  |  | 33,738 |  |  |  | 33,738 |
| (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.

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- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19279-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=109250915&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 + Details
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