XML 53 R45.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Fair Value Measurements (Table Text Block)
3 Months Ended 12 Months Ended
Jun. 30, 2024
Mar. 31, 2024
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 June 30, 2024

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(Unaudited)

 

Assets

 

(In thousands)

 

Fixed maturities - available for sale

 

$

2,395,890

 

 

$

 

 

$

2,395,832

 

 

$

58

 

Preferred stock

 

 

22,067

 

 

 

22,067

 

 

 

 

 

 

 

Common stock

 

 

51,999

 

 

 

51,999

 

 

 

 

 

 

 

Derivatives

 

 

17,190

 

 

 

8,804

 

 

 

8,386

 

 

 

 

Total

 

$

2,487,146

 

 

$

82,870

 

 

$

2,404,218

 

 

$

58

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Embedded derivatives

 

$

9,880

 

 

$

 

 

$

 

 

$

9,880

 

Liabilities from investment contracts

 

 

2,295,851

 

 

 

 

 

 

 

 

 

2,295,851

 

Market risk benefits

 

 

13,447

 

 

 

 

 

 

 

 

 

13,447

 

Total

 

$

2,319,178

 

 

$

 

 

$

 

 

$

2,319,178

 

As of March 31, 2024

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Embedded derivatives

 

$

9,300

 

 

$

 

 

$

 

 

$

9,300

 

Liabilities from investment contracts

 

 

2,290,096

 

 

 

 

 

 

 

 

 

2,290,096

 

Market risk benefits

 

 

13,400

 

 

 

 

 

 

 

 

 

13,400

 

Total

 

$

2,312,796

 

 

$

 

 

$

 

 

$

2,312,796

 

Financial Instruments, Carrying and Estimated fair values

 

 

Fair Value Hierarchy

 

 

 

Carrying

 

 

 

 

 

 

 

 

 

 

 

Total

 

As of June 30, 2024

 

Value

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Fair Value

 

 

 

(Unaudited)

 

Assets

 

(In thousands)

 

Trade receivables, net

 

$

215,735

 

 

$

 

 

$

 

 

$

215,735

 

 

$

215,735

 

Mortgage loans, net

 

 

617,230

 

 

 

 

 

 

 

 

 

589,880

 

 

 

589,880

 

Other investments

 

 

12,389

 

 

 

 

 

 

 

 

 

12,389

 

 

 

12,389

 

Total

 

$

845,354

 

 

$

 

 

$

 

 

$

818,004

 

 

$

818,004

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Notes, loans and finance leases payable

 

$

6,311,676

 

 

$

 

 

$

5,888,119

 

 

$

 

 

$

5,888,119

 

Total

 

$

6,311,676

 

 

$

 

 

$

5,888,119

 

 

$

 

 

$

5,888,119

 

 

 

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