XML 65 R50.htm IDEA: XBRL DOCUMENT v3.20.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details)
9 Months Ended 12 Months Ended
Mar. 27, 2020
USD ($)
Sep. 18, 2017
segment
Sep. 30, 2020
USD ($)
Dec. 31, 2020
USD ($)
segment
state
plan
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Jan. 01, 2021
USD ($)
Dec. 15, 2020
USD ($)
Dec. 31, 2017
USD ($)
Item Effected [Line Items]                  
Number of operating segments | segment   2   1          
Percentage of the gains and profits from the Lloyds plan available to United Fire & Indemnity Company       100.00%          
Securities on deposit as required by law       $ 21,628,000 $ 20,816,000        
Payment for income taxes       138,000 1,575,000 $ 29,071,000      
Federal tax refund received       0 5,401,000 1,503,000      
Interest payment       0 0 0      
Depreciation expense       5,947,000 10,482,000 4,455,000      
Goodwill impairment     $ 15,091,000 15,091,000 0 0      
Income tax benefit, CARES Act $ 18,600,000                
Unrecognized tax benefit       0 0 0      
Assets       $ 3,069,678,000 3,013,472,000        
Number of equity compensation plans | plan       2          
Investment income accrual period       6 months          
Credit loss allowance for reinsurance receivables       $ 190,000 0   $ 38,000    
Cumulative effect adjustment       825,149,000 910,472,000 888,375,000     $ 973,373,000
Retaining earnings                  
Item Effected [Line Items]                  
Cumulative effect adjustment       555,854,000 697,116,000 715,472,000     608,700,000
Cumulative effect of change in accounting principle                  
Item Effected [Line Items]                  
Cumulative effect adjustment         (30,000) (514,000)     0
Cumulative effect of change in accounting principle | Retaining earnings                  
Item Effected [Line Items]                  
Cumulative effect adjustment         (30,000) (514,000)     $ 191,244,000
Post-retirement Benefits                  
Item Effected [Line Items]                  
Benefit obligation       31,666,000 31,001,000 30,973,000      
Variable Interest Entity, Not Primary Beneficiary                  
Item Effected [Line Items]                  
Assets       3,300,000          
Surplus Notes                  
Item Effected [Line Items]                  
Principal amount               $ 50,000,000  
Debt issuance costs       24,000          
Interest expense incurred       133,000          
Surplus Notes | Federated Mutual                  
Item Effected [Line Items]                  
Principal amount       35,000,000          
Surplus Notes | Federated Life                  
Item Effected [Line Items]                  
Principal amount       $ 15,000,000          
Minimum                  
Item Effected [Line Items]                  
Useful life       2 years          
Maximum                  
Item Effected [Line Items]                  
Useful life       15 years          
Property and casualty business                  
Item Effected [Line Items]                  
Number of states in which we are licensed as insurer | state       49          
Amortization expense       $ 709,000 $ 709,000 $ 719,000