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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2016
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The following table sets forth our assets and liabilities that are measured at fair value on a recurring basis as of the date indicated.
 
 
December 31, 2016
Available-for-sale investments
Level 1
 
Level 2
 
Level 3
 
Total
Fair Value
 
(In thousands)
Financial assets:
 
 
 
 
 
 
 
Fixed maturities:
 
 
 
 
 
 
 
U.S. Treasury and U.S. Government-sponsored enterprises
$
12,190

 
8,502

 

 
20,692

States and political subdivisions

 
573,274

 

 
573,274

Corporate

 
285,099

 

 
285,099

Commercial mortgage-backed

 

 
51

 
51

Residential mortgage-backed

 
2,426

 

 
2,426

Foreign governments

 
126

 

 
126

Total fixed maturities
12,190

 
869,427

 
51

 
881,668

Equity securities:
 

 
 

 
 

 
 

Stock mutual funds
2,946

 

 

 
2,946

Bond mutual funds
14,197

 

 

 
14,197

Common stock
25

 

 

 
25

Redeemable preferred stock
991

 

 

 
991

Total equity securities
18,159

 

 

 
18,159

Total financial assets
$
30,349

 
869,427

 
51

 
899,827

 


 
 
 
 
 
 

 
December 31, 2015
Available-for-sale investments
Level 1
 
Level 2
 
Level 3
 
Total
Fair Value
 
(In thousands)
Financial assets:
 
 
 
 
 
 
 
Fixed maturities:
 
 
 
 
 
 
 
U.S. Treasury and U.S. Government-sponsored enterprises
$
12,592

 
20,780

 

 
33,372

States and political subdivisions

 
483,049

 

 
483,049

Corporate

 
216,081

 

 
216,081

Commercial mortgage-backed

 

 
145

 
145

Residential mortgage-backed

 
2,870

 

 
2,870

Foreign governments

 
131

 

 
131

Total fixed maturities
12,592

 
722,911

 
145

 
735,648

Equity securities:
 

 
 

 
 

 
 

Stock mutual funds
3,033

 

 

 
3,033

Bond mutual funds
18,504

 

 

 
18,504

Common stock
43

 

 

 
43

Redeemable preferred stock
1,858

 

 

 
1,858

Total equity securities
23,438

 

 

 
23,438

Total financial assets
$
36,030

 
722,911

 
145

 
759,086

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
The following table presents additional information about fixed maturity securities measured at fair value on a recurring basis and for which we have utilized significant unobservable (Level 3) inputs to determine fair value:

 
December 31,
 
2016
 
2015
 
(In thousands)
Beginning Balance at January 1,
$
145

 
231

Total realized and unrealized gains (losses)
 
 
 

Included in net income

 

Included in other comprehensive income
(4
)
 
(2
)
Principal paydowns
(90
)
 
(84
)
Transfer in and (out) of Level 3

 

Ending Balance at December 31,
$
51

 
145

Fair Value, by Balance Sheet Grouping [Table Text Block]
The carrying amount and fair value for the financial assets and liabilities on the consolidated balance sheets at each year-end were as follows:
 
 
December 31, 2016
 
December 31, 2015
 
Carrying
Value
 
Fair
Value
 
Carrying
Value
 
Fair
Value
 
(In thousands)
 
(In thousands)
Financial assets:
 
 
 
 
 
 
 
Fixed maturities, held-to-maturity
$
247,004

 
252,545

 
259,953

 
264,966

Mortgage loans
232

 
269

 
594

 
617

Policy loans
66,672

 
66,672

 
60,166

 
60,166

Short-term investments
508

 
508

 
251

 
251

Cash and cash equivalents
35,510

 
35,510

 
82,827

 
82,827

Financial liabilities:
 

 
 

 
 

 
 

Annuities - investment contracts
$
50,952

 
52,173

 
47,222

 
46,905