Investment Funds (Tables)

12 Months Ended

Dec. 31, 2021

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Investment Funds

At December 31, 2021 and 2020, investments in equity securities were as follows:

(In thousands)	Cost		Gross Unrealized				Fair Value		Carrying Value
			Gains		Losses
December 31, 2021
Common stocks	$	619,896	$	92,401	$	(16,894)	$	695,403	$	695,403
Preferred stocks	250,149		7,874		(12,183)		245,840		245,840
Total	$	870,045	$	100,275	$	(29,077)	$	941,243	$	941,243
December 31, 2020
Common stocks	$	335,617	$	28,742	$	(14,178)	$	350,181	$	350,181
Preferred stocks	180,397		95,581		(492)		275,486		275,486
Total	$	516,014	$	124,323	$	(14,670)	$	625,667	$	625,667

Investment funds consist of the following:

	Carrying Value as of December 31,				Income (Losses)
(In thousands)	2021		2020		2021		2020		2019
Financial services	$	431,818	$	434,437	$	98,893	$	34,763	$	29,005
Real estate	273,690		310,783		29,484		7,543		19,154
Energy	150,224		140,935		22,118		(11,039)		(18,136)
Transportation	336,688		190,125		42,424		(616)		14,193
Other funds	288,192		233,150		27,095		23,602		24,978
Total	$	1,480,612	$	1,309,430	$	220,014	$	54,253	$	69,194