Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 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.

September 30, 2020	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	$	11,509	4,855	—	16,364
States and political subdivisions	—		432,719	—	432,719
Corporate	51		807,874	—	807,925
Commercial mortgage-backed	—		221	—	221
Residential mortgage-backed	—		141,787	—	141,787
Asset-backed	—		45,444	—	45,444
Foreign governments	—		119	—	119
Total fixed maturities available-for-sale	11,560		1,433,019	—	1,444,579
Equity securities
Stock mutual funds	2,833		—	—	2,833
Bond mutual funds	11,935		—	—	11,935
Common stock	1,145		—	—	1,145
Non-redeemable preferred stock	267		—	—	267
Non-redeemable preferred stock fund	4,971		—	—	4,971
Total equity securities	21,151		—	—	21,151
Other long-term investments (1)	—		—	—	10,503
Total financial assets	$	32,711	1,433,019	—	1,476,233

(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, 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	$	11,348	4,530	—	15,878
States and political subdivisions	—		536,284	—	536,284
Corporate	52		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-sale	11,400		1,366,559	—	1,377,959
Equity securities
Stock mutual funds	3,274		—	—	3,274
Bond mutual funds	12,311		—	—	12,311
Common stock	134		—	—	134
Non-redeemable preferred stock	314		—	—	314
Total equity securities	16,033		—	—	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:

	September 30, 2020			December 31, 2019
(In thousands)	Carrying Value		Fair Value	Carrying Value	Fair Value
Financial Assets:
Mortgage loans	$	158	196	177	210
Policy loans	83,962		83,962	82,005	82,005
Short-term investments	—		—	1,301	1,301
Cash and cash equivalents	42,261		42,261	46,205	46,205
Financial Liabilities:
Annuity - investment contracts	60,582		67,650	56,878	60,667

Fair Value Option, Disclosures

The following table summarizes the carrying amounts of other long-term investments.

Carrying Value (In thousands)	September 30, 2020		December 31, 2019
Other long-term investments:
Private equity funds	$	10,503	—
FHLB common stock	190		187
Mortgage loans	158		177
All other investments	8,817		21
Total other long-term investments	$	19,668	385