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FEDERAL INCOME TAX (Net Deferred Tax Assets and Liabilities) (Details) - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Deferred tax liabilities    
Deferred policy acquisition costs $ 18,289 $ 19,801
Investments in partnerships 964 2,156
Prepaid pension cost 4,553 4,441
Net bond discount accretion 383 357
Depreciation 4,187 1,908
Revaluation of investment basis 325 377
Identifiable intangible assets 1,391 1,540
Capitalized Software 4,891 0
Other 1,568 1,416
Gross deferred tax liability 91,729 93,216
Deferred tax assets    
Financial statement reserves in excess of income tax reserves 23,851 20,845
Unearned premium adjustment 18,979 20,816
Net operating loss carryforwards 0 1,708
Underfunded benefit plan obligation 4,295 9,072
Post-retirement benefits other than pensions 9,533 10,785
Other-than-temporary impairment of investments 1,974 2,094
Compensation expense related to stock options 2,307 2,394
Nonqualified deferred compensation 2,066 1,623
Other 3,795 3,293
Deferred tax asset 66,800 72,630
Net deferred tax liability 24,929 20,586
Equity securities    
Deferred tax liabilities    
Net unrealized appreciation on investment securities 33,096 48,652
All other securities    
Deferred tax liabilities    
Net unrealized appreciation on investment securities $ 22,082 $ 12,568