v3.25.2
Fair Value (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
The following table summarizes, by major security type, the Company's assets that are measured at fair value on a recurring basis, and placement within the fair value hierarchy (in thousands):
As of June 30, 2025
Fair ValueLevel 1Level 2Level 3
Assets
Money market funds$57,309 $57,309 $— $— 
Fixed maturities:
Mortgage-backed securities and collateralized mortgage obligations19,435 — 19,435 — 
Other asset-backed securities21,257 — 21,257 — 
Corporate bonds49,369 — 49,369 — 
U.S. Treasury securities88,371 — 88,371 — 
Total$235,741 $57,309 $178,432 $— 
As of December 31, 2024
Fair ValueLevel 1Level 2Level 3
Assets
Money market funds$91,534 $91,534 $— $— 
Fixed maturities:
Mortgage-backed securities and collateralized mortgage obligations12,596 — 12,596 — 
Other asset-backed securities15,956 — 15,956 — 
Corporate bonds35,623 — 35,623 — 
U.S. Treasury securities70,291 — 70,291 — 
Preferred stock investment7,916 — — 7,916 
Total$233,916 $91,534 $134,466 $7,916