PERPETUAL CARE TRUSTS (Tables)
|
3 Months Ended |
Mar. 31, 2021 |
Schedule Of Available For Sale Securities [Line Items] |
|
Reconciliation of Trust Activities |
A reconciliation of the Company’s merchandise trust activities for the three months ended March 31, 2021 and 2020 is presented below (in thousands):
|
|
Three months ended March 31, |
|
|
|
2021 |
|
|
2020 |
|
Balance—beginning of period |
|
$ |
516,284 |
|
|
$ |
517,192 |
|
Contributions |
|
|
13,089 |
|
|
|
10,697 |
|
Distributions |
|
|
(14,801 |
) |
|
|
(14,029 |
) |
Interest and dividends |
|
|
9,594 |
|
|
|
5,704 |
|
Capital gain distributions |
|
|
379 |
|
|
|
68 |
|
Realized gains and losses, net |
|
|
223 |
|
|
|
218 |
|
Other than temporary impairment |
|
|
(136 |
) |
|
|
— |
|
Taxes |
|
|
(247 |
) |
|
|
118 |
|
Fees |
|
|
(805 |
) |
|
|
(3,022 |
) |
Unrealized change in fair value |
|
|
16,454 |
|
|
|
(59,181 |
) |
Total |
|
|
540,034 |
|
|
|
457,765 |
|
Less: Assets held for sale |
|
|
(15,411 |
) |
|
|
(20,127 |
) |
Balance—end of period |
|
$ |
524,623 |
|
|
$ |
437,638 |
|
|
Cost and Market Value Associated with Assets Held in Trusts |
The cost and market value associated with the assets held in the merchandise trusts as of March 31, 2021 and December 31, 2020 were as follows (in thousands):
March 31, 2021 |
|
Fair Value
Hierarchy
Level |
|
Cost |
|
|
Gross
Unrealized
Gains |
|
|
Gross
Unrealized
Losses |
|
|
Fair
Value |
|
Short-term investments |
|
1 |
|
$ |
78,231 |
|
|
$ |
12 |
|
|
$ |
— |
|
|
$ |
78,243 |
|
Fixed maturities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. governmental securities |
|
2 |
|
|
1 |
|
|
|
— |
|
|
|
— |
|
|
|
1 |
|
Corporate debt securities |
|
2 |
|
|
2,883 |
|
|
|
695 |
|
|
|
(2 |
) |
|
|
3,576 |
|
Other debt securities |
|
2 |
|
|
23,703 |
|
|
|
3,397 |
|
|
|
— |
|
|
|
27,100 |
|
Total fixed maturities |
|
|
|
|
26,587 |
|
|
|
4,092 |
|
|
|
(2 |
) |
|
|
30,677 |
|
Mutual funds—debt securities |
|
1 |
|
|
6,097 |
|
|
|
134 |
|
|
|
(2 |
) |
|
|
6,229 |
|
Mutual funds—equity securities |
|
1 |
|
|
26,237 |
|
|
|
5,066 |
|
|
|
— |
|
|
|
31,303 |
|
Other investment funds(1) |
|
|
|
|
303,414 |
|
|
|
32,832 |
|
|
|
(5,749 |
) |
|
|
330,497 |
|
Equity securities |
|
1 |
|
|
38,768 |
|
|
|
11,630 |
|
|
|
(1,299 |
) |
|
|
49,099 |
|
Other invested assets |
|
2 |
|
|
3,812 |
|
|
|
84 |
|
|
|
— |
|
|
|
3,896 |
|
Total investments |
|
|
|
|
483,146 |
|
|
|
53,850 |
|
|
|
(7,052 |
) |
|
|
529,944 |
|
West Virginia Trust Receivable |
|
|
|
|
10,311 |
|
|
|
— |
|
|
|
(221 |
) |
|
|
10,090 |
|
Total |
|
|
|
$ |
493,457 |
|
|
$ |
53,850 |
|
|
$ |
(7,273 |
) |
|
|
540,034 |
|
Less: Assets held for sale |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(15,411 |
) |
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
524,623 |
|
|
(1) |
Other investment funds are measured at fair value using the net asset value per share practical expedient and have not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the balance sheet. This asset class is composed of fixed income funds and equity funds, which have redemption periods ranging from 1 to 30 days, and private credit funds, which have lockup periods of zero to ten years with three potential one year extensions at the discretion of the funds’ general partners. As of March 31, 2021, there were $74.6 million in unfunded investment commitments to the private credit funds, which are callable at any time. |
December 31, 2020 |
|
Fair Value
Hierarchy
Level |
|
Cost |
|
|
Gross
Unrealized
Gains |
|
|
Gross
Unrealized
Losses |
|
|
Fair
Value |
|
Short-term investments |
|
1 |
|
$ |
41,039 |
|
|
$ |
12 |
|
|
$ |
— |
|
|
$ |
41,051 |
|
Fixed maturities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. governmental securities |
|
2 |
|
|
1 |
|
|
|
— |
|
|
|
— |
|
|
|
1 |
|
Corporate debt securities |
|
2 |
|
|
2,818 |
|
|
|
638 |
|
|
|
— |
|
|
|
3,456 |
|
Other debt securities |
|
2 |
|
|
23,165 |
|
|
|
1,578 |
|
|
|
(1,332 |
) |
|
|
23,411 |
|
Total fixed maturities |
|
|
|
|
25,984 |
|
|
|
2,216 |
|
|
|
(1,332 |
) |
|
|
26,868 |
|
Mutual funds—debt securities |
|
1 |
|
|
6,097 |
|
|
|
306 |
|
|
|
— |
|
|
|
6,403 |
|
Mutual funds—equity securities |
|
1 |
|
|
26,356 |
|
|
|
43 |
|
|
|
(154 |
) |
|
|
26,245 |
|
Other investment funds(1) |
|
|
|
|
337,565 |
|
|
|
32,461 |
|
|
|
(8,812 |
) |
|
|
361,214 |
|
Equity securities |
|
1 |
|
|
35,055 |
|
|
|
5,544 |
|
|
|
(19 |
) |
|
|
40,580 |
|
Other invested assets |
|
2 |
|
|
3,875 |
|
|
|
79 |
|
|
|
— |
|
|
|
3,954 |
|
Total investments |
|
|
|
|
475,971 |
|
|
|
40,661 |
|
|
|
(10,317 |
) |
|
|
506,315 |
|
West Virginia Trust Receivable |
|
|
|
|
10,190 |
|
|
|
— |
|
|
|
(221 |
) |
|
|
9,969 |
|
Total |
|
|
|
$ |
486,161 |
|
|
$ |
40,661 |
|
|
$ |
(10,538 |
) |
|
|
516,284 |
|
Less: Assets held for sale |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(14,831 |
) |
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
501,453 |
|
Other investment funds are measured at fair value using the net asset value per share practical expedient and have not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the balance sheet. This asset class is composed of fixed income funds and equity funds, which have redemption periods ranging from 1 to 30 days, and private credit funds, which have lockup periods of zero to five years with three potential one year extensions at the discretion of the funds’ general partners. As of December 31, 2020, there were $47.8 million in unfunded investment commitments to the private credit funds, which are callable at any time
|
Contractual Maturities of Debt Securities Held in Trusts |
The contractual maturities of debt securities as of March 31, 2021 and December 31, 2020 were as follows (in thousands):
March 31, 2021 |
|
Less than
1 year |
|
|
1 year
through
5 years |
|
|
6 years
through
10 years |
|
|
More than
10 years |
|
U.S. governmental securities |
|
$ |
— |
|
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
— |
|
Corporate debt securities |
|
|
— |
|
|
|
3,576 |
|
|
|
— |
|
|
|
— |
|
Other debt securities |
|
|
21,875 |
|
|
|
5,225 |
|
|
|
— |
|
|
|
— |
|
Total fixed maturities |
|
$ |
21,875 |
|
|
$ |
8,802 |
|
|
$ |
— |
|
|
$ |
— |
|
December 31, 2020 |
|
Less than
1 year |
|
|
1 year
through
5 years |
|
|
6 years
through
10 years |
|
|
More than
10 years |
|
U.S. governmental securities |
|
$ |
— |
|
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
— |
|
Corporate debt securities |
|
|
— |
|
|
|
3,456 |
|
|
|
— |
|
|
|
— |
|
Other debt securities |
|
|
18,392 |
|
|
|
5,019 |
|
|
|
— |
|
|
|
— |
|
Total fixed maturities |
|
$ |
18,392 |
|
|
$ |
8,476 |
|
|
$ |
— |
|
|
$ |
— |
|
|
Aging of Unrealized Losses on Investments in Fixed Maturities and Equity Securities Held in Trusts |
An aging of unrealized losses on the Company’s investments in debt and equity securities within the merchandise trusts as of March 31, 2021 and December 31, 2020 is presented below (in thousands):
|
|
Less than 12 months |
|
|
12 months or more |
|
|
Total |
|
March 31, 2021 |
|
Fair
Value |
|
|
Unrealized
Losses |
|
|
Fair
Value |
|
|
Unrealized
Losses |
|
|
Fair
Value |
|
|
Unrealized
Losses |
|
Fixed maturities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. governmental securities |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
297 |
|
|
$ |
— |
|
|
$ |
297 |
|
|
$ |
— |
|
Corporate debt securities |
|
|
— |
|
|
|
— |
|
|
|
620 |
|
|
|
2 |
|
|
|
620 |
|
|
|
2 |
|
Other debt securities |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total fixed maturities |
|
|
— |
|
|
|
— |
|
|
|
917 |
|
|
|
2 |
|
|
|
917 |
|
|
|
2 |
|
Mutual funds—debt securities |
|
|
3 |
|
|
|
2 |
|
|
|
— |
|
|
|
— |
|
|
|
3 |
|
|
|
2 |
|
Mutual funds—equity securities |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Other investment funds |
|
|
32,593 |
|
|
|
5,749 |
|
|
|
— |
|
|
|
— |
|
|
|
32,593 |
|
|
|
5,749 |
|
Equity securities |
|
|
2,627 |
|
|
|
1,299 |
|
|
|
— |
|
|
|
— |
|
|
|
2,627 |
|
|
|
1,299 |
|
Total |
|
$ |
35,223 |
|
|
$ |
7,050 |
|
|
$ |
917 |
|
|
$ |
2 |
|
|
$ |
36,140 |
|
|
$ |
7,052 |
|
|
|
Less than 12 months |
|
|
12 months or more |
|
|
Total |
|
December 31, 2020 |
|
Fair
Value |
|
|
Unrealized
Losses |
|
|
Fair
Value |
|
|
Unrealized
Losses |
|
|
Fair
Value |
|
|
Unrealized
Losses |
|
Fixed maturities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. governmental securities |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
Corporate debt securities |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Other debt securities |
|
|
18,392 |
|
|
|
1,332 |
|
|
|
— |
|
|
|
— |
|
|
|
18,392 |
|
|
|
1,332 |
|
Total fixed maturities |
|
|
18,392 |
|
|
|
1,332 |
|
|
|
— |
|
|
|
— |
|
|
|
18,392 |
|
|
|
1,332 |
|
Mutual funds—debt securities |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Mutual funds—equity securities |
|
|
128 |
|
|
|
154 |
|
|
|
— |
|
|
|
— |
|
|
|
128 |
|
|
|
154 |
|
Other investment funds |
|
|
75,799 |
|
|
|
8,812 |
|
|
|
— |
|
|
|
— |
|
|
|
75,799 |
|
|
|
8,812 |
|
Equity securities |
|
|
82 |
|
|
|
19 |
|
|
|
— |
|
|
|
— |
|
|
|
82 |
|
|
|
19 |
|
Total |
|
$ |
94,401 |
|
|
$ |
10,317 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
94,401 |
|
|
$ |
10,317 |
|
|
Variable Interest Entity, Primary Beneficiary | Perpetual care trusts |
|
Schedule Of Available For Sale Securities [Line Items] |
|
Reconciliation of Trust Activities |
A reconciliation of the Company’s perpetual care trust activities for the three months ended March 31, 2021 and 2020 is presented below (in thousands):
|
|
Three months ended March 31, |
|
|
|
2021 |
|
|
2020 |
|
Balance—beginning of period |
|
$ |
316,746 |
|
|
$ |
343,619 |
|
Contributions |
|
|
2,136 |
|
|
|
1,952 |
|
Distributions |
|
|
(9,229 |
) |
|
|
(6,294 |
) |
Interest and dividends |
|
|
10,357 |
|
|
|
6,624 |
|
Capital gain distributions |
|
|
604 |
|
|
|
99 |
|
Realized gains and losses, net |
|
|
(129 |
) |
|
|
163 |
|
Other than temporary impairment |
|
|
(55 |
) |
|
|
— |
|
Taxes |
|
|
(219 |
) |
|
|
(37 |
) |
Fees |
|
|
(940 |
) |
|
|
(913 |
) |
Unrealized change in fair value |
|
|
4,545 |
|
|
|
(38,464 |
) |
Total |
|
|
323,816 |
|
|
|
306,749 |
|
Less: Assets held for sale |
|
|
(4,641 |
) |
|
|
(21,917 |
) |
Balance—end of period |
|
$ |
319,175 |
|
|
$ |
284,832 |
|
|
Cost and Market Value Associated with Assets Held in Trusts |
The cost and market value associated with the assets held in the perpetual care trusts as of March 31, 2021 and December 31, 2020 were as follows (in thousands):
March 31, 2021 |
|
Fair Value
Hierarchy
Level |
|
Cost |
|
|
Gross
Unrealized
Gains |
|
|
Gross
Unrealized
Losses |
|
|
Fair
Value |
|
Short-term investments |
|
1 |
|
$ |
44,842 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
44,842 |
|
Fixed maturities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. governmental securities |
|
2 |
|
|
17 |
|
|
|
3 |
|
|
|
— |
|
|
|
20 |
|
Corporate debt securities |
|
2 |
|
|
383 |
|
|
|
92 |
|
|
|
(1 |
) |
|
|
474 |
|
Other debt securities |
|
2 |
|
|
439 |
|
|
|
37 |
|
|
|
— |
|
|
|
476 |
|
Total fixed maturities |
|
|
|
|
839 |
|
|
|
132 |
|
|
|
(1 |
) |
|
|
970 |
|
Mutual funds—debt securities |
|
1 |
|
|
1,982 |
|
|
|
39 |
|
|
|
(16 |
) |
|
|
2,005 |
|
Mutual funds—equity securities |
|
1 |
|
|
9,856 |
|
|
|
2,266 |
|
|
|
(16 |
) |
|
|
12,106 |
|
Other investment funds(1) |
|
|
|
|
226,686 |
|
|
|
19,378 |
|
|
|
(8,301 |
) |
|
|
237,763 |
|
Equity securities |
|
1 |
|
|
21,749 |
|
|
|
4,423 |
|
|
|
(52 |
) |
|
|
26,120 |
|
Other invested assets |
|
2 |
|
|
9 |
|
|
|
1 |
|
|
|
— |
|
|
|
10 |
|
Total investments |
|
|
|
$ |
305,963 |
|
|
$ |
26,239 |
|
|
$ |
(8,386 |
) |
|
|
323,816 |
|
Less: Assets held for sale |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(4,641 |
) |
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
319,175 |
|
(1) |
Other investment funds are measured at fair value using the net asset value per share practical expedient and have not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the balance sheet. This asset class is composed of fixed income funds and equity funds, which have a redemption period ranging from 1 to 30 days, and private credit funds, which have lockup periods ranging from zero to ten years with three potential one year extensions at the discretion of the funds’ general partners. As of March 31, 2021 there were $54.2 million in unfunded investment commitments to the private credit funds, which are callable at any time. |
December 31, 2020 |
|
Fair Value
Hierarchy
Level |
|
Cost |
|
|
Gross
Unrealized
Gains |
|
|
Gross
Unrealized
Losses |
|
|
Fair
Value |
|
Short-term investments |
|
1 |
|
$ |
21,217 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
21,217 |
|
Fixed maturities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. governmental securities |
|
2 |
|
|
48 |
|
|
|
4 |
|
|
|
— |
|
|
|
52 |
|
Corporate debt securities |
|
2 |
|
|
505 |
|
|
|
92 |
|
|
|
(44 |
) |
|
|
553 |
|
Other debt securities |
|
2 |
|
|
433 |
|
|
|
— |
|
|
|
(28 |
) |
|
|
405 |
|
Total fixed maturities |
|
|
|
|
986 |
|
|
|
96 |
|
|
|
(72 |
) |
|
|
1,010 |
|
Mutual funds—debt securities |
|
1 |
|
|
2,386 |
|
|
|
62 |
|
|
|
(9 |
) |
|
|
2,439 |
|
Mutual funds—equity securities |
|
1 |
|
|
9,240 |
|
|
|
1,244 |
|
|
|
(7 |
) |
|
|
10,477 |
|
Other investment funds(1) |
|
|
|
|
247,845 |
|
|
|
21,952 |
|
|
|
(10,813 |
) |
|
|
258,984 |
|
Equity securities |
|
1 |
|
|
21,748 |
|
|
|
873 |
|
|
|
(19 |
) |
|
|
22,602 |
|
Other invested assets |
|
2 |
|
|
16 |
|
|
|
1 |
|
|
|
— |
|
|
|
17 |
|
Total investments |
|
|
|
$ |
303,438 |
|
|
$ |
24,228 |
|
|
$ |
(10,920 |
) |
|
|
316,746 |
|
Less: Assets held for sale |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(4,518 |
) |
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
312,228 |
|
(1) |
Other investment funds are measured at fair value using the net asset value per share practical expedient and have not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the balance sheet. This asset class is composed of fixed income funds and equity funds, which have a redemption period ranging from 1 to 30 days, and private credit funds, which have lockup periods ranging from zero to six years with three potential one year extensions at the discretion of the funds’ general partners. As of December 31, 2020, there were $41.1 million in unfunded investment commitments to the private credit funds, which are callable at any time. |
|
Contractual Maturities of Debt Securities Held in Trusts |
The contractual maturities of debt securities as of March 31, 2021 and December 31, 2020 were as follows (in thousands):
March 31, 2021 |
|
Less than
1 year |
|
|
1 year through
5 years |
|
|
6 years through
10 years |
|
|
More than
10 years |
|
U.S. governmental securities |
|
$ |
— |
|
|
$ |
2 |
|
|
$ |
— |
|
|
$ |
18 |
|
Corporate debt securities |
|
|
— |
|
|
|
474 |
|
|
|
— |
|
|
|
— |
|
Other debt securities |
|
|
476 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total fixed maturities |
|
$ |
476 |
|
|
$ |
476 |
|
|
$ |
— |
|
|
$ |
18 |
|
December 31, 2020 |
|
Less than
1 year |
|
|
1 year through
5 years |
|
|
6 years through
10 years |
|
|
More than
10 years |
|
U.S. governmental securities |
|
$ |
25 |
|
|
$ |
6 |
|
|
$ |
— |
|
|
$ |
21 |
|
Corporate debt securities |
|
|
— |
|
|
|
553 |
|
|
|
— |
|
|
|
— |
|
Other debt securities |
|
|
405 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total fixed maturities |
|
$ |
430 |
|
|
$ |
559 |
|
|
$ |
— |
|
|
$ |
21 |
|
|
Aging of Unrealized Losses on Investments in Fixed Maturities and Equity Securities Held in Trusts |
An aging of unrealized losses on the Company’s investments in debt and equity securities within the perpetual care trusts as of March 31, 2021 and December 31, 2020 is presented below (in thousands):
|
|
Less than 12 months |
|
|
12 months or more |
|
|
Total |
|
March 31, 2021 |
|
Fair
Value |
|
|
Unrealized
Losses |
|
|
Fair
Value |
|
|
Unrealized
Losses |
|
|
Fair
Value |
|
|
Unrealized
Losses |
|
Fixed maturities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. governmental securities |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
990 |
|
|
$ |
— |
|
|
$ |
990 |
|
|
$ |
— |
|
Corporate debt securities |
|
|
— |
|
|
|
— |
|
|
|
1,959 |
|
|
|
1 |
|
|
|
1,959 |
|
|
|
1 |
|
Other debt securities |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total fixed maturities |
|
|
— |
|
|
|
— |
|
|
|
2,949 |
|
|
|
1 |
|
|
|
2,949 |
|
|
|
1 |
|
Mutual funds—debt securities |
|
|
1,055 |
|
|
|
16 |
|
|
|
2 |
|
|
|
— |
|
|
|
1,057 |
|
|
|
16 |
|
Mutual funds—equity securities |
|
|
583 |
|
|
|
16 |
|
|
|
— |
|
|
|
— |
|
|
|
583 |
|
|
|
16 |
|
Other investment funds |
|
|
42,704 |
|
|
|
8,301 |
|
|
|
— |
|
|
|
— |
|
|
|
42,704 |
|
|
|
8,301 |
|
Equity securities |
|
|
113 |
|
|
|
52 |
|
|
|
— |
|
|
|
— |
|
|
|
113 |
|
|
|
52 |
|
Total |
|
$ |
44,455 |
|
|
$ |
8,385 |
|
|
$ |
2,951 |
|
|
$ |
1 |
|
|
$ |
47,406 |
|
|
$ |
8,386 |
|
|
|
Less than 12 months |
|
|
12 months or more |
|
|
Total |
|
December 31, 2020 |
|
Fair
Value |
|
|
Unrealized
Losses |
|
|
Fair
Value |
|
|
Unrealized
Losses |
|
|
Fair
Value |
|
|
Unrealized
Losses |
|
Fixed maturities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. governmental securities |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
990 |
|
|
$ |
— |
|
|
$ |
990 |
|
|
$ |
— |
|
Corporate debt securities |
|
|
— |
|
|
|
— |
|
|
|
1,959 |
|
|
|
44 |
|
|
|
1,959 |
|
|
|
44 |
|
Other debt securities |
|
|
405 |
|
|
|
28 |
|
|
|
— |
|
|
|
— |
|
|
|
405 |
|
|
|
28 |
|
Total fixed maturities |
|
|
405 |
|
|
|
28 |
|
|
|
2,949 |
|
|
|
44 |
|
|
|
3,354 |
|
|
|
72 |
|
Mutual funds—debt securities |
|
|
600 |
|
|
|
9 |
|
|
|
— |
|
|
|
— |
|
|
|
600 |
|
|
|
9 |
|
Mutual funds—equity securities |
|
|
288 |
|
|
|
7 |
|
|
|
— |
|
|
|
— |
|
|
|
288 |
|
|
|
7 |
|
Other investment funds |
|
|
74,885 |
|
|
|
10,813 |
|
|
|
— |
|
|
|
— |
|
|
|
74,885 |
|
|
|
10,813 |
|
Equity securities |
|
|
45 |
|
|
|
4 |
|
|
|
19 |
|
|
|
15 |
|
|
|
64 |
|
|
|
19 |
|
Total |
|
$ |
76,223 |
|
|
$ |
10,861 |
|
|
$ |
2,968 |
|
|
$ |
59 |
|
|
$ |
79,191 |
|
|
$ |
10,920 |
|
|