Note 9 - Other Assets (Notes)

12 Months Ended

Dec. 31, 2019

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Assets Disclosure [Text Block]

Other Assets

The following table shows the components of other assets for the periods indicated:

	December 31,
(In thousands)	2019		2018
Prepaid federal income taxes (Note 10)	$	134,800	$	—
Company-owned life insurance	105,721		83,377
Loaned securities (Note 6)	66,442		27,860
Internal-use software (1)	58,356		51,367
Right-of-use assets (2)	37,866		—
Accrued investment income	32,333		34,878
Property and equipment (3)	29,523		37,090
Assets held for sale (4)	24,908		—
Deferred policy acquisition costs	20,759		17,311
Reinsurance recoverables	16,976		14,402
Unbilled receivables	13,772		19,917
Current federal income tax receivable (5)	—		44,506
Other	26,163		36,992
Total other assets	$	567,619	$	367,700

______________________

(1) Internal-use software, at cost, has been reduced by accumulated amortization of $73.5 million and $60.3 million at December 31, 2019 and 2018, respectively, as well as $3.8 million of impairment charges in 2019 and $5.1 million of impairment charges in 2018. Amortization expense was $13.0 million, $11.4 million and $10.7 million for the years ended December 31, 2019, 2018 and 2017, respectively.

(2) Represents right-of-use assets recognized as a result of our adoption, as of January 1, 2019, of the new accounting and

disclosure requirements for leases of property, plant and equipment. See Note 2 for additional information. Right-of-use assets are shown less accumulated amortization of $8.5 million at December 31, 2019.

(3) Property and equipment at cost, less accumulated depreciation of $68.4 million and $62.9 million at December 31, 2019 and 2018, respectively. Depreciation expense was $7.8 million, $8.0 million and $6.9 million for the years ended December 31, 2019, 2018 and 2017, respectively.

(4) Related to the sale of Clayton. See Notes 4 and 7 for additional information on assets held for sale. Liabilities held for sale at December 31, 2019 are included in other liabilities on our consolidated balance sheets.

(5)

During the year ended December 31, 2019, current federal income tax receivable was reduced by our receipt of the remaining $57.2 million refund from amounts on deposit with the IRS related to the settlement of the IRS Matter.