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Investments (Tables)
12 Months Ended
Dec. 31, 2023
Investments Including Short Term And Cash And Cash Equivalents [Abstract]  
Investments Including Short Term And Cash And Cash Equivalents [Table Text Block]
Carrying Value as of December 31,
(In thousands, except for %)
2023%2022%
Cash and invested assets:
Fixed maturity securities$1,238,981 86.7 %$1,179,619 86.5 %
Equity securities5,282 0.4 11,590 0.8 
Policy loans75,359 5.3 78,773 5.8 
Other long-term investments82,725 5.8 69,558 5.1 
Short-term investments  1,241 0.1 
Cash and cash equivalents26,997 1.8 22,973 1.7 
Total cash and invested assets$1,429,344 100.0 %$1,363,754 100.0 %
Debt Securities, Unrealized Gain (Loss) on Investments [Abstract]  
Unrealized Gain (Loss) on Investments [Table Text Block]
The following table represents the amortized cost, gross unrealized gains and losses and fair value of fixed maturity securities as of December 31, 2023 and 2022.
December 31, 2023
(In thousands)
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Fixed maturity securities:    
Available-for-sale:    
U.S. Treasury securities$5,983 127 48 6,062 
U.S. Government-sponsored enterprises3,404 250 1 3,653 
States and political subdivisions314,203 2,160 29,132 287,231 
Corporate:
Financial266,485 2,066 31,255 237,296 
Consumer250,672 2,145 37,094 215,723 
Utilities123,625 615 20,253 103,987 
Energy73,808 64 8,049 65,823 
All other185,153 956 21,331 164,778 
Commercial mortgage-backed171   171 
Residential mortgage-backed107,174 9 10,060 97,123 
Asset-backed58,360 290 1,516 57,134 
Total fixed maturity securities$1,389,038 8,682 158,739 1,238,981 
December 31, 2022
(In thousands)
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Fixed maturity securities:    
Available-for-sale:    
U.S. Treasury securities$9,425 152 9,568 
U.S. Government-sponsored enterprises3,434 277 3,710 
States and political subdivisions344,208 1,114 37,964 307,358 
Corporate:
Financial243,758 512 42,383 201,887 
Consumer247,824 758 47,138 201,444 
Utilities115,738 39 23,790 91,987 
Energy76,065 — 11,395 64,670 
All other184,022 683 29,048 155,657 
Commercial mortgage-backed171 — 169 
Residential mortgage-backed110,582 10,765 99,826 
Asset-backed45,991 18 2,767 43,242 
Foreign governments100 — 101 
Total fixed maturity securities$1,381,318 3,563 205,262 1,179,619 
Schedule of Equity Securities [Table Text Block]
Most of the Company's equity securities are invested in a non-redeemable preferred stock fund at December 31, 2023.

Fair Value as of December 31,
(In thousands)
20232022
Equity securities: 
Stock mutual funds$ 2,615 
Bond mutual funds740 4,337 
Common stock665 857 
Non-redeemable preferred stock7 
Non-redeemable preferred stock fund3,870 3,773 
Total equity securities$5,282 11,590 
Unrealized Continuous Losses on Investments [Abstract]  
Schedule of Unrealized Loss on Investments [Table Text Block]
For fixed maturity security investments that have unrealized losses as of December 31, 2023 and 2022, the gross unrealized losses and related fair values that have been in a continuous unrealized loss position by timeframe are as follows.

December 31, 2023Less than 12 monthsGreater than 12 monthsTotal
(In thousands, except for # of securities)Fair
Value
Unrealized
Losses
# of
Securities
Fair
Value
Unrealized
Losses
# of
Securities
Fair
Value
Unrealized
Losses
# of
Securities
Fixed maturity securities:        
Available-for-sale securities:   
U.S. Treasury securities$1,203 40 5 65 8 2 1,268 48 7 
U.S. Government-sponsored enterprises221 1 1    221 1 1 
States and political subdivisions19,540 357 35 164,264 28,775 192 183,804 29,132 227 
Corporate:
Financial12,584 383 19 176,521 30,872 217 189,105 31,255 236 
Consumer10,175 265 16 176,725 36,829 223 186,900 37,094 239 
Utilities3,596 66 20 85,169 20,187 137 88,765 20,253 157 
Energy3,291 57 1 59,392 7,992 76 62,683 8,049 77 
All Other7,864 185 10 141,865 21,146 169 149,729 21,331 179 
Residential mortgage-backed849 38 5 95,806 10,022 86 96,655 10,060 91 
Asset-backed4,757 111 8 32,764 1,405 40 37,521 1,516 48 
Total fixed maturity securities$64,080 1,503 120 932,571 157,236 1,142 996,651 158,739 1,262 
December 31, 2022Less than 12 monthsGreater than 12 monthsTotal
(In thousands, except for # of securities)Fair
Value
Unrealized
Losses
# of
Securities
Fair
Value
Unrealized
Losses
# of
Securities
Fair
Value
Unrealized
Losses
# of
Securities
Fixed maturity securities:        
Available-for-sale securities:   
U.S. Treasury securities$— — — 64 64 
U.S. Government-sponsored enterprises223 — — — 223 
States and political subdivisions189,084 30,866 242 14,184 7,098 14 203,268 37,964 256 
Corporate:
Financial182,447 39,122 237 6,144 3,261 16 188,591 42,383 253 
Consumer164,224 34,823 220 23,417 12,315 30 187,641 47,138 250 
Utilities73,483 15,959 152 16,413 7,831 18 89,896 23,790 170 
Energy59,053 9,601 75 5,617 1,794 64,670 11,395 83 
All Other140,955 25,337 171 7,910 3,711 15 148,865 29,048 186 
Commercial mortgage-backed168 — — — 168 
Residential mortgage-backed98,758 10,514 95 759 251 99,517 10,765 100 
Asset-backed37,067 2,485 41 4,264 282 41,331 2,767 50 
Total fixed maturity securities$945,462 168,710 1,236 78,772 36,552 117 1,024,234 205,262 1,353 
Schedule of Fixed Maturities [Abstract]  
Investments Classified by Contractual Maturity Date [Table Text Block]
The amortized cost and fair value of fixed maturity securities at December 31, 2023 by contractual maturity are shown in the table below.  Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date have been reflected based upon final stated maturity.

(In thousands)Amortized CostFair Value
Fixed maturity securities:  
Due in one year or less$11,055 11,017 
Due after one year through five years122,681 121,443 
Due after five years through ten years296,313 290,023 
Due after ten years958,989 816,498 
Total fixed maturity securities$1,389,038 1,238,981 
Debt and Equity Securities, Realized Gain (Loss) [Abstract]  
Schedule of Realized Gain (Loss) [Table Text Block]
The Company uses the specific identification method of the individual security to determine the cost basis used in the calculation of realized gains and losses related to security sales.

Years ended December 31,
(In thousands)
202320222021
Fixed maturity securities, available-for-sale:
Proceeds$29,883 33,914 8,238 
Gross realized gains53 120 189 
Gross realized losses602 112 
Equity securities:
Proceeds$6,631 500 7,383 
Gross realized gains568 44 — 
Gross realized losses55 — 149 
Investment Income [Table Text Block]
Major categories of net investment income are summarized as follows:

Years ended December 31,
(In thousands)
202320222021
Gross investment income:   
Fixed maturity securities$60,127 58,400 55,579 
Equity securities630 650 1,024 
Policy loans6,011 6,189 6,420 
Other long-term investments4,509 2,535 809 
Other576 246 54 
Total investment income71,853 68,020 63,886 
Investment expenses(2,599)(2,594)(2,391)
Net investment income$69,254 65,426 61,495 
Realized Gain (Loss) on Investments [Table Text Block]
Investment related gains (losses) are as follows:

Years ended December 31,
(In thousands)
202320222021
Investment related gains (losses):   
Sales, calls and maturities:   
Fixed maturity securities$(756)(104)243 
Equity securities513 62 (152)
Real estate — 981 
Property and equipment — 13 
Other long-term investments342 2,320 1,892 
Investment related gains (losses)
99 2,278 2,977 
Change in fair value of equity securities(190)(2,665)376 
Change in fair value of limited partnerships912 (9,667)7,452 
Change in credit loss allowance(61)(237)186 
Net investment related gains (losses)$760 (10,291)10,991