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Summary of Investments (Tables)
 6 Months Ended
Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]  
Schedule of Fair Value of Investments A reconciliation of the amortized cost to fair value of investments in available-for-sale fixed maturity, presented on a consolidated basis, as of June 30, 2022 and December 31, 2021, is provided below:
June 30, 2022
Type of InvestmentCost or Amortized Cost Gross Unrealized Appreciation Gross Unrealized Depreciation Fair ValueAllowance for Credit LossesCarrying Value
AVAILABLE-FOR-SALE
Fixed maturities:
Bonds
U.S. Treasury$15,579 $— $743 $14,836 $— $14,836 
U.S. government agency85,037 207 4,944 80,300 — 80,300 
States, municipalities and political subdivisions
General obligations:
Midwest65,197 384 217 65,364 — 65,364 
Northeast20,334 74 66 20,342 — 20,342 
South68,357 213 677 67,893 — 67,893 
West97,024 511 458 97,077 — 97,077 
Special revenue:
Midwest111,499 443 630 111,312 — 111,312 
Northeast55,555 185 943 54,797 — 54,797 
South196,818 745 2,908 194,655 — 194,655 
West117,664 646 1,899 116,411 — 116,411 
Foreign bonds31,266 1 3,024 28,243 — 28,243 
Public utilities128,241 109 8,922 119,428 — 119,428 
Corporate bonds
Energy41,525 15 2,281 39,259 — 39,259 
Industrials57,014 8 4,442 52,580 — 52,580 
Consumer goods and services83,197 32 7,622 75,607 — 75,607 
Health care28,280 — 4,203 24,077 — 24,077 
Technology, media and telecommunications69,290 101 5,618 63,773 — 63,773 
Financial services129,567 453 5,696 124,324 — 124,324 
Mortgage-backed securities21,910 2 1,953 19,959 — 19,959 
Collateralized mortgage obligations
Government national mortgage association97,468 35 7,454 90,049 — 90,049 
Federal home loan mortgage corporation97,634 — 7,428 90,206 — 90,206 
Federal national mortgage association45,140 155 2,874 42,421 — 42,421 
Asset-backed securities3,952 512 93 4,371 — 4,371 
Total Available-for-Sale Fixed Maturities$1,667,548 $4,831 $75,095 $1,597,284 $— $1,597,284 
December 31, 2021
Type of InvestmentCost or Amortized Cost Gross Unrealized Appreciation Gross Unrealized DepreciationFair ValueAllowance for Credit LossesCarrying Value
AVAILABLE-FOR-SALE
Fixed maturities:
Bonds
U.S. Treasury$42,425 $216 $718 $41,923 $— $41,923 
U.S. government agency60,074 2,155 562 61,667 — 61,667 
States, municipalities and political subdivisions
General obligations:
Midwest71,863 2,483 — 74,346 — 74,346 
Northeast22,061 701 — 22,762 — 22,762 
South90,171 3,873 — 94,044 — 94,044 
West93,968 5,110 — 99,078 — 99,078 
Special revenue:
Midwest114,997 7,292 — 122,289 — 122,289 
Northeast55,811 3,921 — 59,732 — 59,732 
South201,383 14,365 78 215,670 — 215,670 
West126,521 8,128 — 134,649 — 134,649 
Foreign bonds30,314 789 197 30,906 — 30,906 
Public utilities104,008 3,966 481 107,493 — 107,493 
Corporate bonds
Energy31,011 1,751 81 32,681 — 32,681 
Industrials55,014 2,319 162 57,171 — 57,171 
Consumer goods and services71,543 1,912 611 72,844 — 72,844 
Health care27,351 539 461 27,429 — 27,429 
Technology, media and telecommunications55,405 2,958 866 57,497 — 57,497 
Financial services98,352 4,394 131 102,615 — 102,615 
Mortgage-backed securities25,075 167 229 25,013 — 25,013 
Collateralized mortgage obligations
Government national mortgage association109,968 2,322 1,772 110,518 — 110,518 
Federal home loan mortgage corporation120,911 736 1,658 119,989 — 119,989 
Federal national mortgage association48,246 945 642 48,549 — 48,549 
Asset-backed securities325 600 — 925 — 925 
Total Available-for-Sale Fixed Maturities$1,656,797 $71,642 $8,649 $1,719,790 $— $1,719,790 
Schedule of Maturities
The amortized cost and fair value of available-for-sale fixed maturity securities at June 30, 2022, by contractual maturity, are shown in the following tables. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Asset-backed securities, mortgage-backed securities and collateralized mortgage obligations may be subject to prepayment risk and are therefore not categorized by contractual maturity.
Maturities
Available-For-Sale
June 30, 2022Amortized Cost Fair Value
Due in one year or less$52,679  $52,763 
Due after one year through five years446,499  442,023 
Due after five years through 10 years505,017  478,279 
Due after 10 years397,249  377,213 
Asset-backed securities3,952 4,371 
Mortgage-backed securities21,910  19,959 
Collateralized mortgage obligations240,242  222,676 
 $1,667,548  $1,597,284 
Summary of Net Realized Investment Gains and Losses A summary of the components of net investment gains (losses) is as follows:
Three Months Ended June 30,Six Months Ended June 30,
2022 202120222021
Net investment gains (losses):   
Fixed maturities:
Available-for-sale$(1,632)$136 $(1,299)$(501)
Allowance for credit losses— 5 — (165)
Equity securities
Change in the fair value(18,335)1,245 (19,324)21,827 
Sales(1,881)4,618 (1,675)9,351 
Mortgage loans allowance for credit losses— — 5 — 
Other long-term investments(22) — (42)— 
Real estate938 — 938 — 
Total net investment gains (losses)$(20,932) $6,004 $(21,397)$30,512 
Schedule of Proceeds and Gross Realized Gains and Losses
The proceeds and gross realized gains on the sale of available-for-sale fixed maturity securities are as follows:
 Three Months Ended June 30,Six Months Ended June 30,
2022 202120222021
Proceeds from sales$65,010  $16,982 $65,010 $116,664 
Gross realized gains114  152 447 153 
Gross realized losses1,747  17 1,747 655 
Schedule of Unrealized Investment Appreciation
A summary of the changes in net unrealized investment appreciation during the reporting period is as follows:
 Six Months Ended June 30,
2022 2021
Change in net unrealized investment appreciation   
Available-for-sale fixed maturities$(133,257)$(20,335)
Income tax effect27,983 4,270 
Total change in net unrealized investment appreciation, net of tax$(105,274) $(16,065)
Summary of Fixed Maturity Securities in an Unrealized Loss Position
The following tables summarize our fixed maturity securities that were in an unrealized loss position reported on a consolidated basis at June 30, 2022 and December 31, 2021. The securities are presented by the length of time they have been continuously in an unrealized loss position. Non-credit related unrealized losses are recognized as a component of other comprehensive income and represent other market movements that are not credit related, for example interest rate changes. We have no intent to sell, and it is more likely than not that we will not be required to sell, these securities until the fair value recovers to at least equal our cost basis or the securities mature.
June 30, 2022Less than 12 months12 months or longerTotal
Type of InvestmentNumber
of Issues		Fair
Value		Gross Unrealized
Depreciation		Number
of Issues		Fair
Value		Gross Unrealized DepreciationFair
Value		Gross Unrealized Depreciation
AVAILABLE-FOR-SALE
Fixed maturities:
Bonds
U.S. Treasury5 $7,557 $168 4 $7,279 $575 $14,836 $743 
U.S. government agency17 55,985 2,582 2 10,110 2,362 66,095 4,944 
States, municipalities and political subdivisions
General obligations
Midwest8 19,825 217 — — — 19,825 217 
Northeast2 6,021 66 — — — 6,021 66 
South18 37,889 677 — — — 37,889 677 
West11 32,924 458 — — — 32,924 458 
Special revenue
Midwest24 48,534 630 — — — 48,534 630 
Northeast14 37,923 943 — — — 37,923 943 
South44 99,360 2,539 1 902 369 100,262 2,908 
West26 68,625 1,899 — — — 68,625 1,899 
Foreign bonds11 24,657 2,606 1 1,584 418 26,241 3,024 
Public utilities48 112,236 8,657 1 1,734 265 113,970 8,922 
Corporate bonds
Energy16 35,237 2,281 — — — 35,237 2,281 
Industrials20 44,581 4,442 — — — 44,581 4,442 
Consumer goods and services24 56,668 5,223 3 7,946 2,399 64,614 7,622 
Health care10 24,077 4,203 — — — 24,077 4,203 
Technology, media and telecommunications21 45,293 2,862 3 6,146 2,756 51,439 5,618 
Financial services39 100,592 5,696 — — — 100,592 5,696 
Mortgage-backed securities39 8,696 695 4 10,773 1,258 19,469 1,953 
Collateralized mortgage obligations
Federal home loan mortgage corporation28 49,737 4,325 14 40,471 3,103 90,208 7,428 
Federal national mortgage association16 35,968 2,553 3 4,033 321 40,001 2,874 
Government national mortgage association36 82,222 6,914 3 5,047 540 87,269 7,454 
Asset-backed securities1 3,529 93 — — — 3,529 93 
Total Available-for-Sale Fixed Maturities478 $1,038,136 $60,729 39 $96,025 $14,366 $1,134,161 $75,095 
December 31, 2021Less than 12 months12 months or longerTotal
Type of InvestmentNumber
of Issues		Fair
Value		Gross Unrealized DepreciationNumber
of Issues		Fair
Value		Gross Unrealized DepreciationFair
Value		Gross Unrealized Depreciation
AVAILABLE-FOR-SALE
Fixed maturities:
Bonds
U.S. Treasury6 $32,166 $630 1 $2,837 $88 $35,003 $718 
U.S. government agency3 15,023 562 — — — 15,023 562 
States, municipalities and political subdivisions
South1 1,195 78 — — — 1,195 78 
Foreign bonds4 10,731 147 1 1,952 50 12,683 197 
Public utilities9 24,238 481 — — — 24,238 481 
Corporate bonds
Energy1 5,881 81 — — — 5,881 81 
Industrials4 8,902 162 — — — 8,902 162 
Consumer goods and services10 26,367 611 — — — 26,367 611 
Health care3 20,550 461 — — — 20,550 461 
Technology, media and telecommunications4 11,204 739 1 1,906 127 13,110 866 
Financial services5 13,320 131 — — — 13,320 131 
Mortgage-backed securities12 13,740 229 — — — 13,740 229 
Collateralized mortgage obligations
Federal home loan mortgage corporation11 48,256 1,752 1 1,032 20 49,288 1,772 
Federal national mortgage association18 50,701 698 7 30,847 960 81,548 1,658 
Government national mortgage association6 21,806 521 4 5,297 121 27,103 642 
Total Available-for-Sale Fixed Maturities97 $304,080 $7,283 15 $43,871 $1,366 $347,951 $8,649