Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2022

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, 2022	Level 1		Level 2	Level 3	Total Fair Value
(In thousands)
Financial Assets
Fixed maturity securities available-for-sale:
U.S. Treasury and U.S. Government-sponsored enterprises	$	9,628	3,713	—	13,341
States and political subdivisions	—		315,299	—	315,299
Corporate	47		694,565	—	694,612
Commercial mortgage-backed	—		50	—	50
Residential mortgage-backed	—		100,811	—	100,811
Asset-backed	—		36,833	—	36,833
Foreign governments	—		102	—	102
Total fixed maturity securities available-for-sale	9,675		1,151,373	—	1,161,048
Equity securities:
Stock mutual funds	2,865		—	—	2,865
Bond mutual funds	4,136		—	—	4,136
Common stock	769		—	—	769
Non-redeemable preferred stock	10		—	—	10
Non-redeemable preferred stock fund	4,009		—	—	4,009
Total equity securities	11,789		—	—	11,789
Other long-term investments (1)	—		—	—	62,454
Total financial assets	$	21,464	1,151,373	—	1,235,291

(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 are not 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 consolidated balance sheets.

December 31, 2021	Level 1		Level 2	Level 3	Total Fair Value
(In thousands)
Financial Assets
Fixed maturity securities available-for-sale:
U.S. Treasury and U.S. Government-sponsored enterprises	$	10,611	4,459	—	15,070
States and political subdivisions	—		383,958	—	383,958
Corporate	51		892,957	—	893,008
Residential mortgage-backed	—		133,795	—	133,795
Asset-backed	—		44,676	—	44,676
Foreign governments	—		110	—	110
Total fixed maturity securities available-for-sale	10,662		1,459,955	—	1,470,617
Equity securities:
Stock mutual funds	3,571		—	—	3,571
Bond mutual funds	5,060		—	—	5,060
Common stock	990		—	—	990
Non-redeemable preferred stock	161		—	—	161
Non-redeemable preferred stock fund	5,062		—	—	5,062
Total equity securities	14,844		—	—	14,844
Other long-term investments (1)	—		—	—	56,038
Total financial assets	$	25,506	1,459,955	—	1,541,499
(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 are not 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 consolidated balance sheets.

Fair Value Measurements, Recurring and Nonrecurring

These investments are included in other long-term investments on the consolidated balance sheets.

		September 30, 2022				December 31, 2021
		Fair Value  Using NAV Per Share		Unfunded Commit- ments	Range (in years)	Fair Value  Using NAV Per Share		Unfunded Commit- ments	Range (in years)
(In thousands, except years)
Limited partnerships
Middle market	Investments in privately-originated, performing senior secured debt primarily in North America-based companies	$	31,427	8,233	5	$	21,947	18,712	10
Global equity fund	Investments in common stocks of U.S., international developed and emerging markets with a focus on long-term capital growth	8,095		—	0	10,607		—	0
Late-stage growth	Investments in private late-stage, established companies seeking capital to accelerate growth prior to an IPO or sale	17,639		20,000	5 to 7	20,468		4,459	6
Infrastructure	Investments in climate infrastructure assets, focusing on renewable power generation in wind and solar energy	5,293		14,462	11	3,016		16,653	12
Total limited partnerships		$	62,454	42,695		$	56,038	39,824

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, 2022			December 31, 2021
(In thousands)	Carrying Value		Fair Value	Carrying Value	Fair Value
Financial Assets:
Policy loans	$	78,085	78,085	80,307	80,307
Commercial mortgage loan	—		—	1,000	1,000
Residential mortgage loans	50		52	148	169
Cash and cash equivalents	21,007		21,007	27,294	27,294
Financial Liabilities:
Annuity - investment contracts	66,592		57,548	64,384	72,352

Fair Value Option, Disclosures

The following table summarizes the carrying amounts of these investments.

Carrying Value (In thousands)	September 30, 2022		December 31, 2021
Other long-term investments:
Limited partnerships	$	62,454	56,038
FHLB common stock	192		192
Mortgage loans	50		1,148
All other investments	21		21
Total other long-term investments	$	62,717	57,399