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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2014
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The following table sets forth our assets and liabilities that are measured at fair value on a recurring basis as of the date indicated.
 
 
December 31, 2014
Available-for-sale investments
Level 1
 
Level 2
 
Level 3
 
Total
Fair Value
 
(In thousands)
Financial assets:
 
 
 
 
 
 
 
Fixed maturities:
 
 
 
 
 
 
 
U.S. Treasury and U.S. Government-sponsored enterprises
$
12,980

 
40,249

 

 
53,229

States and political subdivisions

 
422,355

 

 
422,355

Corporate

 
227,827

 

 
227,827

Commercial mortgage-backed

 

 
231

 
231

Residential mortgage-backed

 
3,450

 

 
3,450

Foreign governments

 
135

 

 
135

Total fixed maturities
12,980

 
694,016

 
231

 
707,227

Equity securities:
 

 
 

 
 

 
 

Stock mutual funds
17,596

 

 

 
17,596

Bond mutual funds
50,240

 

 

 
50,240

Common stock
51

 

 

 
51

Preferred stock
1,992

 

 

 
1,992

Total equity securities
69,879

 

 

 
69,879

Total financial assets
$
82,859

 
694,016

 
231

 
777,106

 


 
 
 
 
 
 

 
December 31, 2013
Available-for-sale investments
Level 1
 
Level 2
 
Level 3
 
Total
Fair Value
 
(In thousands)
Financial assets:
 
 
 
 
 
 
 
Fixed maturities:
 
 
 
 
 
 
 
U.S. Treasury and U.S. Government-sponsored enterprises
$
12,463

 
54,568

 

 
67,031

States and political subdivisions

 
336,466

 

 
336,466

Corporate

 
197,561

 

 
197,561

Commercial mortgage-backed

 

 
309

 
309

Residential mortgage-backed

 
3,762

 

 
3,762

Foreign governments

 
127

 

 
127

Total fixed maturities
12,463

 
592,484

 
309

 
605,256

Equity securities:
 

 
 

 
 

 
 

Stock mutual funds
11,969

 

 

 
11,969

Bond mutual funds
34,663

 

 

 
34,663

Common stock
12

 

 

 
12

Preferred stock
615

 

 

 
615

Total equity securities
47,259

 

 

 
47,259

Total financial assets
$
59,722

 
592,484

 
309

 
652,515

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
The following table presents additional information about fixed maturity securities measured at fair value on a recurring basis and for which we have utilized significant unobservable (Level 3) inputs to determine fair value:

 
December 31,
 
2014
 
2013
 
(In thousands)
Beginning Balance at January 1,
$
309

 
387

Total realized and unrealized gains (losses)
 
 
 

Included in net income

 

Included in other comprehensive income
(1
)
 
(7
)
Principal paydowns
(77
)
 
(71
)
Transfer in and (out) of Level 3

 

Ending Balance at December 31,
$
231

 
309

Fair Value, by Balance Sheet Grouping [Table Text Block]
The carrying amount and fair value for the financial assets and liabilities on the consolidated balance sheets at each year-end were as follows:
 
 
December 31, 2014
 
December 31, 2013
 
Carrying
Value
 
Fair
Value
 
Carrying
Value
 
Fair
Value
 
(In thousands)
 
(In thousands)
Financial assets:
 
 
 
 
 
 
 
Fixed maturities, held-to-maturity
$
224,932

 
232,891

 
227,696

 
223,533

Mortgage loans
628

 
652

 
671

 
695

Policy loans
54,032

 
54,032

 
48,868

 
48,868

Short-term investments

 

 

 

Cash and cash equivalents
50,708

 
50,708

 
54,593

 
54,593

Financial liabilities:
 

 
 

 
 

 
 

Annuities - investment contracts
$
42,837

 
37,978

 
39,469

 
44,960