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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 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.
June 30, 2019
Level 1
 
Level 2
 
Level 3
 
Total
Fair Value
(In thousands)
 
 
 
Financial Assets
 
 
 
 
 
 
 
Fixed maturities available-for-sale
 
 
 
 
 
 
 
U.S. Treasury and U.S. Government-sponsored enterprises
$
11,482

 
4,543

 

 
16,025

States and political subdivisions

 
676,440

 

 
676,440

Corporate
50

 
509,718

 

 
509,768

Commercial mortgage-backed

 
1,111

 

 
1,111

Residential mortgage-backed

 
127,642

 

 
127,642

Asset-backed

 
10,233

 

 
10,233

Foreign governments

 
120

 

 
120

Total fixed maturities available-for-sale
11,532

 
1,329,807

 

 
1,341,339

 
 
 
 
 
 
 
 
Equity securities
 

 
 

 
 

 
 

Stock mutual funds
3,142

 

 

 
3,142

Bond mutual funds
12,255

 

 

 
12,255

Common stock
120

 

 

 
120

Non-redeemable preferred stock
310

 

 

 
310

Total equity securities
15,827

 

 

 
15,827

Total financial assets
$
27,359

 
1,329,807

 

 
1,357,166


December 31, 2018
Level 1
 
Level 2
 
Level 3
 
Total
Fair Value
(In thousands)
 
 
 
Financial Assets
 
 
 
 
 
 
 
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:
 
June 30, 2019
 
December 31, 2018
(In thousands)
Carrying Value
 
Fair Value
 
Carrying Value
 
Fair Value
 
 
 
 
 
 
 
 
Financial Assets:
 
 
 
 
 
 
 
Mortgage loans
$
182

 
220

 
186

 
222

Policy loans
81,545

 
81,545

 
80,825

 
80,825

Short-term investments
2,455

 
2,455

 
7,865

 
7,865

Cash and cash equivalents
34,568

 
34,568

 
45,492

 
45,492

Financial Liabilities:
 

 
 

 
 

 
 

Annuity - investment contracts
57,069

 
60,339

 
56,658

 
55,977