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Investments (Tables)
3 Months Ended
Mar. 31, 2019
Investments Including Short Term And Cash And Cash Equivalents [Abstract]  
Investments Including Short Term And Cash And Cash Equivalents [Table Text Block]
The Company invests primarily in fixed maturity securities, which totaled 90.0% of total cash, cash equivalents and investments at March 31, 2019. The Company's cash, cash equivalents and investments are listed below.
 
March 31, 2019
 
December 31, 2018
 
Carrying
Value
 
% of Total
Carrying Value
 
Carrying
Value
 
% of Total
Carrying Value
 
(In thousands)
 
 
 
(In thousands)
 
 
Fixed maturity securities
$
1,295,514

 
90.0

 
$
1,231,039

 
88.7
Equity securities
15,672

 
1.1

 
15,068

 
1.1
Mortgage loans
185

 

 
186

 
Policy loans
81,474

 
5.7

 
80,825

 
5.8
Real estate and other long-term investments
5,715

 
0.4

 
7,223

 
0.5
Short-term investments
7,914

 
0.4

 
7,865

 
0.6
Cash and cash equivalents
34,093

 
2.4

 
45,492

 
3.3
Total cash, cash equivalents and investments
$
1,440,567

 
100.0

 
$
1,387,698

 
100.0
Debt and Equity Securities, Unrealized Gain (Loss)  
Unrealized Gain (Loss) on Investments [Table Text Block]
The following tables represent the cost or amortized cost, gross unrealized gains and losses and fair value for fixed maturities as of the periods indicated.
 
March 31, 2019
 
Cost or
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
(In thousands)
Fixed maturities:
 
 
 
 
 
 
 
Available-for-sale:
 
 
 
 
 
 
 
U.S. Treasury securities
$
9,841

 
1,492

 

 
11,333

U.S. Government-sponsored enterprises
3,534

 
846

 

 
4,380

States and political subdivisions
686,141

 
12,434

 
460

 
698,115

Corporate
438,608

 
18,344

 
2,518

 
454,434

Commercial mortgage-backed
887

 

 

 
887

Residential mortgage-backed
115,463

 
6,021

 
3

 
121,481

Asset-backed
4,763

 
3

 
1

 
4,765

Foreign governments
116

 
3

 

 
119

Total fixed maturities
$
1,259,353

 
39,143

 
2,982

 
1,295,514


 
December 31, 2018
 
Cost or
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
(In thousands)
Fixed maturities:
 
 
 
 
 
 
 
Available-for-sale securities:
 
 
 
 
 
 
 
U.S. Treasury securities
$
9,864

 
1,410

 

 
11,274

U.S. Government-sponsored enterprises
3,540

 
740

 

 
4,280

States and political subdivisions
713,991

 
7,614

 
1,490

 
720,115

Corporate
384,817

 
6,725

 
9,746

 
381,796

Commercial mortgage-backed
39,694

 
386

 
66

 
40,014

Residential mortgage-backed
66,960

 
1,726

 
2

 
68,684

Asset-backed
4,764


1


8


4,757

Foreign governments
117

 
2

 

 
119

Total fixed maturities
$
1,223,747

 
18,604

 
11,312

 
1,231,039

Equity Securities, Restricted  
Schedule of Equity Securities [Table Text Block]
Most of the Company's equity securities are diversified stock and bond mutual funds.
 
 
March 31, 2019
 
December 31, 2018
 
Fair Value
 
Fair Value
 
(In thousands)
Equity securities:
 
 
 
Stock mutual funds
$
3,091

 
2,906

Bond mutual funds
12,143

 
11,774

Common stock
133

 
94

Non-redeemable preferred stock
305

 
294

Total equity securities
$
15,672

 
15,068



Unrealized Continuous Losses on Investments [Abstract]  
Schedule of Unrealized Loss on Investments [Table Text Block]
The following tables present the fair values and gross unrealized losses of fixed maturity securities that have remained in a continuous unrealized loss position for the periods indicated.
 
March 31, 2019
 
Less than 12 months
 
Greater than 12 months
 
Total
 
Fair
Value
 
Unrealized
Losses
 
# of
Securities
 
Fair
Value
 
Unrealized
Losses
 
# of
Securities
 
Fair
Value
 
Unrealized
Losses
 
# of
Securities
 
(In thousands, except for # of securities)
Fixed maturities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
States and political subdivisions
$
67,893

 
75

 
60

 
51,053

 
385

 
70

 
118,946

 
460

 
130

Corporate
53,090

 
1,747

 
42

 
19,818

 
771

 
24

 
72,908

 
2,518

 
66

Residential mortgage-backed

 

 

 
96

 
3

 
5

 
96

 
3

 
5

Asset-backed
2,001

 
1

 
2

 

 

 

 
2,001

 
1

 
2

Total available-for-sale securities
$
122,984

 
1,823

 
104

 
70,967

 
1,159

 
99

 
193,951

 
2,982

 
203


 
December 31, 2018
 
Less than 12 months
 
Greater than 12 months
 
Total
 
Fair
Value
 
Unrealized
Losses
 
# of
Securities
 
Fair
Value
 
Unrealized
Losses
 
# of
Securities
 
Fair
Value
 
Unrealized
Losses
 
# of
Securities
 
(In thousands, except for # of securities)
Fixed maturities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
States and political subdivisions
$
227,132

 
883

 
233

 
33,891

 
607

 
46

 
261,023

 
1,490

 
279

Corporate
230,030

 
8,770

 
191

 
9,936

 
976

 
8

 
239,966

 
9,746

 
199

Commercial mortgage-backed
14,992

 
66

 
11

 

 

 

 
14,992

 
66

 
11

Residential mortgage-backed
18

 

 
3

 
98

 
2

 
4

 
116

 
2

 
7

Asset-backed
3,747

 
8

 
4

 

 

 

 
3,747

 
8

 
4

Total fixed maturities
$
475,919

 
9,727

 
442

 
43,925

 
1,585

 
58

 
519,844

 
11,312

 
500

Debt and Equity Securities, Realized Gain (Loss)  
Schedule of Realized Gain (Loss) [Table Text Block]
The Company uses the specific identification method of the individual security to determine the cost basis used in the calculation of realized gains and losses related to security sales.  
 
Fixed Maturities, Available-for-Sale
 
Equity Securities
 
Three Months Ended
 
Three Months Ended
 
March 31,
 
March 31,
 
2019
 
2018
 
2019
 
2018
 
(In thousands)
 
 
 
 
 
 
 
 
Proceeds
$
7,659

 

 

 

Gross realized gains
$
2

 

 

 

Gross realized losses
$
183

 

 

 

Schedule of Maturities by Contractual Maturity Date [Abstract]  
Investments Classified by Contractual Maturity Date [Table Text Block]
The amortized cost and fair value of fixed maturity securities at March 31, 2019 by contractual maturity are shown in the table below.  Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date have been reflected based upon final stated maturity.
 
March 31, 2019
 
Amortized
Cost
 
Fair
Value
 
(In thousands)
Fixed maturity securities:
 
 
 
Due in one year or less
$
79,036

 
79,178

Due after one year through five years
131,849

 
134,746

Due after five years through ten years
215,686

 
222,226

Due after ten years
832,782

 
859,364

Total fixed maturity securities
$
1,259,353

 
1,295,514