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Investments (Table Text Block)
9 Months Ended 12 Months Ended
Dec. 31, 2016
Mar. 31, 2016
Investments Debt Equity Securities [Abstract]    
Available-for-Sale Investments

 

 

Amortized

Cost

 

Gross

Unrealized

Gains

 

Gross

Unrealized

Losses More than 12 Months

 

Gross

Unrealized

Losses Less than 12 Months

 

Estimated

Market

Value

 

 

(Unaudited)

 

 

(In thousands)

U.S. treasury securities and government obligations

$

87,116

$ 

6,872

$ 

$ 

(80)

$ 

93,908

U.S. government agency mortgage-backed securities

 

28,935

 

1,940

 

(5)

 

(2)

 

30,868

Obligations of states and political subdivisions

 

159,596

 

15,829

 

(12)

 

(90)

 

175,323

Corporate securities

 

1,250,266

 

70,953

 

(4,404)

 

(1,411)

 

1,315,404

Mortgage-backed securities

 

42,665

 

1,214

 

 

(58)

 

43,821

Redeemable preferred stocks

 

14,640

 

492

 

 

(96)

 

15,036

Common stocks

 

17,970

 

8,261

 

(10)

 

 

26,221

 

$

1,601,188

$ 

105,561

$ 

(4,431)

$ 

(1,737)

$ 

1,700,581

 

 

 

Amortized

Cost

 

Gross

Unrealized

Gains

 

Gross

Unrealized

Losses More than 12 Months

 

Gross

Unrealized

Losses Less than 12 Months

 

Estimated

Market

Value

 

 

 

 

 

(In thousands)

U.S. treasury securities and government obligations

$

85,861

$ 

3,791

$ 

$ 

(193)

$ 

89,459

U.S. government agency mortgage-backed securities

 

21,845

 

1,596

 

(6)

 

(39)

 

23,396

Obligations of states and political subdivisions

 

166,725

 

10,660

 

(81)

 

(414)

 

176,890

Corporate securities

 

1,143,125

 

26,861

 

(8,013)

 

(28,181)

 

1,133,792

Mortgage-backed securities

 

42,991

 

475

 

 

(62)

 

43,404

Redeemable preferred stocks

 

17,977

 

556

 

 

(105)

 

18,428

Common stocks

 

17,732

 

7,822

 

(10)

 

(375)

 

25,169

 

$

1,496,256

$ 

51,761

$ 

(8,110)

$ 

(29,369)

$ 

1,510,538

 

Adjusted Cost and Estimated Market Value of Available-for-sale Investments

 

 

December 31, 2016

 

March 31, 2016

 

 

Amortized

Cost

 

Estimated

Market

Value

 

Amortized

Cost

 

Estimated

Market

Value

 

 

(Unaudited)

 

 

 

 

(In thousands)

Due in one year or less

$

29,111

$

29,500

$

48,679

$

49,146

Due after one year through five years

 

319,439

 

334,064

 

250,576

 

256,597

Due after five years through ten years

 

604,645

 

639,749

 

557,984

 

557,961

Due after ten years

 

572,718

 

612,190

 

560,317

 

559,833

 

 

1,525,913

 

1,615,503

 

1,417,556

 

1,423,537

 

 

 

 

 

 

 

 

 

Mortgage backed securities

 

42,665

 

43,821

 

42,991

 

43,404

Redeemable preferred stocks

 

14,640

 

15,036

 

17,977

 

18,428

Common stocks

 

17,970

 

26,221

 

17,732

 

25,169

 

$

1,601,188

$

1,700,581

$

1,496,256

$

1,510,538