As of June 30, 2026 and December 31, 2025, amortized cost, gross unrealized gains and losses, and estimated fair values of total fixed-maturity securities were as follows (in thousands):


		June 30, 2026
				Gross		Gross
		Amortized		Unrealized		Unrealized		Estimated
		Cost		Gain		Loss		Fair Value
Available-for-sale securities:
U.S. Treasury bonds	Level 2	$	-	$	-	$	-	$	-
Money market funds	Level 1	$	25,361	$	-	$	-	$	25,361


		December 31, 2025
				Gross		Gross
		Amortized		Unrealized		Unrealized		Estimated
		Cost		Gain		Loss		Fair Value
Available-for-sale securities:
U.S. Treasury bonds	Level 2	$	59,519	$	22	$	-	$	59,541
Money market funds	Level 1	$	9,992	$	-	$	-	$	9,992

As of December 31, 2025, none of the Company's short-term investments are in an unrealized loss position. Changes in fair value are related to changes in market interest rates. The Company expects to collect all contractual principal and interest payments and does not intend to sell the investments before recovery of their amortized cost bases.

The Company recorded interest income of $0.2 million and $0.4 million for the three and six months ended June 30, 2026, and $0.4 million and $1.2 million for the three and six months ended June 30, 2025. There was no accrued interest receivable as of June 30, 2026 and December 31, 2025.