FAIR VALUE (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring Basis

The Company’s financial instruments measured at fair value on a recurring basis and the level of the fair value hierarchy of inputs used consisted of the following:

	March 31, 2022
	Level 1		Level 2		Level 3		Total
	(In thousands)
Debt securities - available-for-sale, at fair value:
United States government obligations and authorities	$	41,125	$	41,304	$	—	$	82,429
Obligations of states and political subdivisions	(1)		15,579		—		15,578
Corporate securities	—		149,608		—		149,608
International securities	—		22,602		—		22,602
Debt securities, at fair value	41,124		229,093		—		270,217
Equity securities, at fair value	1,652		3,696		—		5,348
Total investments, at fair value	$	42,776	$	232,789	$	—	$	275,565
Other assets - embedded derivative, at fair value	$	—	$	—	$	10,448	$	10,448

	December 31, 2021
	Level 1		Level 2		Level 3		Total
	(In thousands)
Debt securities - available-for-sale, at fair value:
United States government obligations and authorities	$	41,125	$	49,567	$	—	$	90,692
Obligations of states and political subdivisions	—		19,278		—		19,278
Corporate securities	—		188,980		—		188,980
International securities	901		27,681		—		28,582
Debt securities, at fair value	42,026		285,506		—		327,532
Equity securities, at fair value	1,879		4,026		—		5,905
Total investments, at fair value	$	43,905	$	289,532	$	—	$	333,437
Other assets - embedded derivative, at fair value	$	—	$	—	$	10,725	$	10,725