Fair Value Measurements (Table Text Block)

9 Months Ended

Dec. 31, 2025

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 December 31, 2025	Total		Level 1		Level 2		Level 3
	(Unaudited)
Assets	(In thousands)
Fixed maturities - available for sale	$	2,501,436	$	—	$	2,501,436	$	—
Preferred stock		8,075		8,075		—		—
Common stock		49,343		49,343		—		—
Derivatives		10,624		8,314		2,310		—
Total	$	2,569,478	$	65,732	$	2,503,746	$	—
Liabilities
Derivatives	$	411	$	—	$	411	$	—
Embedded derivatives		8,966		—		—		8,966
Market risk benefits		12,123		—		—		12,123
Total	$	21,500	$	—	$	411	$	21,089

As of March 31, 2025	Total		Level 1		Level 2		Level 3
	(Unaudited)
Assets	(In thousands)
Fixed maturities - available for sale	$	2,479,498	$	—	$	2,479,498	$	—
Preferred stock		22,136		22,136		—		—
Common stock		43,413		43,413		—		—
Derivatives		13,200		8,819		4,381		—
Total	$	2,558,247	$	74,368	$	2,483,879	$	—
Liabilities
Derivatives	$	777	$	—	$	777	$	—
Embedded derivatives		8,693		—		—		8,693
Market risk benefits		13,432		—		—		13,432
Total	$	22,902	$	—	$	777	$	22,125

Financial Instruments, Carrying and Estimated fair values

The following tables represent our financial instruments not carried at fair value on the consolidated balance sheets and corresponding placement in the fair value hierarchy:

	Fair Value Hierarchy
	Carrying								Total
As of December 31, 2025	Value		Level 1		Level 2		Level 3		Fair Value
	(Unaudited)
Assets	(In thousands)
Trade receivables, net	$	140,467	$	—	$	—	$	140,467	$	140,467
Mortgage loans, net		699,878		—		—		695,362		695,362
Policy loans		12,521		—		—		12,521		12,521
Total	$	852,866	$	—	$	—	$	848,350	$	848,350
Liabilities
Notes, loans and finance leases payable	$	8,058,179	$	—	$	7,462,822	$	—	$	7,462,822
Liabilities from investment contracts		2,444,359		—		—		2,406,345		2,406,345
Total	$	10,502,538	$	—	$	7,462,822	$	2,406,345	$	9,869,167

	Fair Value Hierarchy
	Carrying								Total
As of March 31, 2025	Value		Level 1		Level 2		Level 3		Fair Value
	(Unaudited)
Assets	(In thousands)
Trade receivables, net	$	195,710	$	—	$	—	$	195,710	$	195,710
Mortgage loans, net		657,567		—		—		639,162		639,162
Policy loans		11,868		—		—		11,868		11,868
Total	$	865,145	$	—	$	—	$	846,740	$	846,740
Liabilities
Notes, loans and finance leases payable	$	7,229,341	$	—	$	6,703,510		—	$	6,703,510
Liabilities from investment contracts		2,502,729		—		—		2,436,537		2,436,537
Total	$	9,732,070	$	—	$	6,703,510	$	2,436,537	$	9,140,047