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Variable Interest Entities and Other Investments (Tables)
12 Months Ended
Dec. 31, 2018
Variable Interest Entities And Other Investments [Abstract]  
Summary of Investment in Limited Partnerships Subsequent to Adoption of ASU 2016-01

The following table presents a summary of the Company’s investments in limited partnerships subsequent to the adoption of ASU 2016-01 as of December 31, 2018:

 

(In thousands)

As of December 31, 2018

 

Affordable housing projects (amortized cost)

$

7,803

 

Limited partnerships accounted for under the fair value practical expedient of NAV

 

11,191

 

Limited partnerships without readily determinable fair values that do not qualify for the practical expedient of NAV accounted for under the cost method

 

8,714

 

Limited partnerships required to be accounted for under the equity method

 

9,209

 

Total investments in limited partnerships

$

36,917

 

Summary of Carrying Amount of Equity Investments Measured Under Measurement Alternative from Observable Transactions The carrying amount of equity investments measured under the measurement alternative from observable transactions are as follows:

(In thousands)

Year Ended

December 31, 2018

 

Carrying value, December 31, 2017

$

8,856

 

Distributions

 

(1,109

)

Contributions

 

967

 

Carrying value, December 31, 2018

$

8,714