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Fair Value Measurements (Table Text Block)
12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis

As of March 31, 2024

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(Unaudited)

 

 

 

(In thousands)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Fixed maturities - available for sale

$

 

2,442,504

 

$

 

 

$

 

2,442,446

 

$

 

58

 

Preferred stock

 

 

21,260

 

 

 

21,260

 

 

 

 

 

 

 

Common stock

 

 

45,014

 

 

 

45,014

 

 

 

 

 

 

 

Derivatives

 

 

18,930

 

 

 

10,538

 

 

 

8,392

 

 

 

 

Total

$

 

2,527,708

 

$

 

76,812

 

$

 

2,450,838

 

$

 

58

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of March 31, 2023

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(In thousands)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Fixed maturities - available for sale

$

 

2,709,037

 

$

 

251,832

 

$

 

2,457,146

 

$

 

59

 

Preferred stock

 

 

21,982

 

 

 

21,982

 

 

 

 

 

 

 

Common stock

 

 

39,375

 

 

 

39,735

 

 

 

 

 

 

 

Derivatives

 

 

9,606

 

 

 

4,295

 

 

 

5,311

 

 

 

 

Total

$

 

2,780,000

 

$

 

317,844

 

$

 

2,462,457

 

$

 

59

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial Instruments, Carrying and Estimated fair values

 

 

Fair Value Hierarchy

 

 

 

Carrying

 

 

 

 

 

 

 

 

 

 

 

Total

 

As of March 31, 2024

 

Value

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Fair Value

 

 

 

(In thousands)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade receivables, net

$

 

177,602

 

$

 

 

$

 

 

$

 

177,602

 

$

 

177,602

 

Mortgage loans, net

 

 

604,481

 

 

 

 

 

 

 

 

 

579,767

 

 

 

579,767

 

Other investments

 

 

18,917

 

 

 

 

 

 

 

 

 

18,917

 

 

 

18,917

 

Total

$

 

801,000

 

$

 

 

$

 

 

$

 

776,286

 

$

 

776,286

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Notes, loans and finance leases payable

$

 

6,304,038

 

$

 

 

$

 

5,850,346

 

$

 

 

$

 

5,850,346

 

Total

$

 

6,304,038

 

$

 

 

$

 

5,850,346

 

$

 

 

$

 

5,850,346

 

.

 

Fair Value Hierarchy

 

As of March 31, 2023

 

Carrying
Value

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total
Estimated
Fair Value

 

 

 

(In thousands)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade receivables, net

$

 

146,736

 

$

 

 

$

 

 

$

 

146,736

 

$

 

146,736

 

Mortgage loans, net

 

 

466,531

 

 

 

 

 

 

 

 

 

444,957

 

 

 

444,957

 

Other investments

 

 

109,009

 

 

 

 

 

 

 

 

 

109,009

 

 

 

109,009

 

Total

$

 

722,276

 

$

 

 

$

 

 

$

 

700,702

 

$

 

700,702

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Notes, loans and finance leases payable

$

 

6,143,350

 

 

 

 

$

 

5,710,735

 

$

 

 

$

 

5,710,735

 

Total

$

 

6,143,350

 

$

 

 

$

 

5,710,735

 

$

 

 

$

 

5,710,735