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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The following tables set forth our assets that are measured at fair value on a recurring basis as of the dates indicated.
 
March 31, 2019
Financial Assets
Level 1
 
Level 2
 
Level 3
 
Total
Fair Value
 
(In thousands)
Fixed maturities available-for-sale
 
 
 
 
 
 
 
U.S. Treasury and U.S. Government-sponsored enterprises
$
11,333

 
4,380

 

 
15,713

States and political subdivisions

 
698,115

 

 
698,115

Corporate
50

 
454,384

 

 
454,434

Commercial mortgage-backed

 
887

 

 
887

Residential mortgage-backed

 
121,481

 

 
121,481

Asset-backed

 
4,765

 

 
4,765

Foreign governments

 
119

 

 
119

Total fixed maturities available-for-sale
11,383

 
1,284,131

 

 
1,295,514

 
 
 
 
 
 
 
 
Equity securities
 

 
 

 
 

 
 

Stock mutual funds
3,091

 

 

 
3,091

Bond mutual funds
12,143

 

 

 
12,143

Common stock
133

 

 

 
133

Non-redeemable preferred stock
305

 

 

 
305

Total equity securities
15,672

 

 

 
15,672

Total financial assets
$
27,055

 
1,284,131

 

 
1,311,186


 
December 31, 2018
Financial Assets
Level 1
 
Level 2
 
Level 3
 
Total
Fair Value
 
(In thousands)
Fixed maturities available-for-sale
 
 
 
 
 
 
 
U.S. Treasury and U.S. Government-sponsored enterprises
$
11,274

 
4,280

 

 
15,554

States and political subdivisions

 
720,115

 

 
720,115

Corporate
47

 
381,749

 

 
381,796

Commercial mortgage-backed

 
40,014

 

 
40,014

Residential mortgage-backed

 
68,684

 

 
68,684

Asset-backed

 
4,757

 

 
4,757

Foreign governments

 
119

 

 
119

Total fixed maturities available-for-sale
11,321

 
1,219,718

 

 
1,231,039

 
 
 
 
 
 
 
 
Equity securities
 

 
 

 
 

 
 

Stock mutual funds
2,906

 

 

 
2,906

Bond mutual funds
11,774

 

 

 
11,774

Common stock
94

 

 

 
94

Non-redeemable preferred stock
294

 

 

 
294

Total equity securities
15,068

 

 

 
15,068

Total financial assets
$
26,389

 
1,219,718

 

 
1,246,107

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 not otherwise disclosed for the periods indicated are as follows:
 
March 31, 2019
 
December 31, 2018
 
Carrying Value
 
Fair Value
 
Carrying Value
 
Fair Value
 
(In thousands)
Financial assets:
 
 
 
 
 
 
 
Mortgage loans
$
185

 
221

 
186

 
222

Policy loans
81,474

 
81,474

 
80,825

 
80,825

Short-term investments
7,914

 
7,914

 
7,865

 
7,865

Cash and cash equivalents
34,093

 
34,093

 
45,492

 
45,492

Financial liabilities:
 

 
 

 
 

 
 

Annuity - investment contracts
55,821

 
55,109

 
56,658

 
55,977