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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
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, 2020Level 1Level 2Level 3Total
Fair Value
(In thousands)
Financial Assets
Fixed maturities available-for-sale    
U.S. Treasury and U.S. Government-sponsored enterprises$11,842  4,836  —  16,678  
States and political subdivisions—  503,295  —  503,295  
Corporate50  651,844  —  651,894  
Commercial mortgage-backed—  388  —  388  
Residential mortgage-backed—  140,090  —  140,090  
Asset-backed—  43,777  —  43,777  
Foreign governments—  122  —  122  
Total fixed maturities available-for-sale11,892  1,344,352  —  1,356,244  
Equity securities    
Stock mutual funds2,498  —  —  2,498  
Bond mutual funds11,134  —  —  11,134  
Common stock1,040  —  —  1,040  
Non-redeemable preferred stock4,697  —  —  4,697  
Total equity securities19,369  —  —  19,369  
Other long-term investments (1)
—  —  —  2,809  
Total financial assets$31,261  1,344,352  —  1,378,422  
(1) In accordance with Subtopic 820-10, certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the balance sheet.
December 31, 2019Level 1Level 2Level 3Total
Fair Value
(In thousands)
Financial Assets
Fixed maturities available-for-sale    
U.S. Treasury and U.S. Government-sponsored enterprises$11,348  4,530  —  15,878  
States and political subdivisions—  536,284  —  536,284  
Corporate52  650,036  —  650,088  
Commercial mortgage-backed—  1,100  —  1,100  
Residential mortgage-backed—  130,287  —  130,287  
Asset-backed—  44,203  —  44,203  
Foreign governments—  119  —  119  
Total fixed maturities available-for-sale11,400  1,366,559  —  1,377,959  
Equity securities    
Stock mutual funds3,274  —  —  3,274  
Bond mutual funds12,311  —  —  12,311  
Common stock134  —  —  134  
Non-redeemable preferred stock314  —  —  314  
Total equity securities16,033  —  —  16,033  
Total financial assets$27,433  1,366,559  —  1,393,992  
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, 2020December 31, 2019
(In thousands)Carrying
Value
Fair
Value
Carrying
Value
Fair
Value
Financial Assets:    
Mortgage loans$162  208  177  210  
Policy loans81,329  81,329  82,005  82,005  
Short-term investments690  690  1,301  1,301  
Cash and cash equivalents34,944  34,944  46,205  46,205  
Financial Liabilities:    
Annuity - investment contracts56,561  63,711  56,878  60,667  
Fair Value Option, Disclosures
The following table summarizes the carrying amounts of other long-term investments not carried at fair market value.

Carrying Value
(In thousands)
March 31, 2020December 31, 2019
Other long-term investments:
Private equity$2,809  —  
FHLB common stocks187  187  
Mortgage loans162  177  
All other investments22  21  
Total other long-term investments$3,180  385