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Investments (Tables)
3 Months Ended
Mar. 31, 2017
Investments Including Short Term And Cash And Cash Equivalents [Abstract]  
Investments Including Short Term And Cash And Cash Equivalents [Table Text Block]
The Company invests primarily in fixed maturity securities, which totaled 89.7% of total cash, cash equivalents and investments at March 31, 2017.
 
March 31, 2017
 
December 31, 2016
 
Carrying
Value
 
% of Total
Carrying Value
 
Carrying
Value
 
% of Total
Carrying Value
 
($ In thousands)
Fixed maturity securities
$
1,151,992

 
89.7

 
$
1,128,672

 
89.8

Equity securities
16,090

 
1.3

 
18,159

 
1.5

Mortgage loans
200

 

 
232

 
0.0

Policy loans
67,616

 
5.3

 
66,672

 
5.3

Real estate and other long-term investments
5,932

 
0.5

 
7,896

 
0.6

Short-term investments
502

 

 
508

 

Cash and cash equivalents
41,151

 
3.2

 
35,510

 
2.8

Total cash, cash equivalents and investments
$
1,283,483

 
100.0

 
$
1,257,649

 
100.0

Unrealized Gain (Loss) on Investments [Abstract]  
Unrealized Gain (Loss) on Investments [Table Text Block]
The following tables represent the cost, gross unrealized gains and losses and fair value for fixed maturities and equity securities as of the periods indicated.
 
March 31, 2017
 
Cost or
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
(In thousands)
Fixed maturities:
 
 
 
 
 
 
 
Available-for-sale:
 
 
 
 
 
 
 
U.S. Treasury securities
$
9,912

 
2,240

 

 
12,152

U.S. Government-sponsored enterprises
7,608

 
917

 

 
8,525

States and political subdivisions
571,591

 
16,091

 
3,995

 
583,687

Foreign governments
103

 
23

 

 
126

Corporate
289,718

 
13,355

 
2,681

 
300,392

Commercial mortgage-backed
27

 

 

 
27

Residential mortgage-backed
2,143

 
166

 
2

 
2,307

Total available-for-sale securities
881,102

 
32,792

 
6,678

 
907,216

Held-to-maturity securities:
 

 
 

 
 

 
 

U.S. Government-sponsored enterprises
2,001

 
9

 

 
2,010

States and political subdivisions
221,772

 
7,108

 
636

 
228,244

Corporate
21,003

 
1,082

 
639

 
21,446

Total held-to-maturity securities
244,776

 
8,199

 
1,275

 
251,700

Total fixed maturities
$
1,125,878

 
40,991

 
7,953

 
1,158,916

 
 
 
 
 
 
 
 
Short-term investments
$
502

 

 

 
502

 
 
 
 
 
 
 
 
Equity securities:
 

 
 

 
 

 
 

Stock mutual funds
$
2,867

 
162

 

 
3,029

Bond mutual funds
12,071

 
357

 
96

 
12,332

Common stock
22

 
1

 

 
23

Redeemable preferred stock
660

 
46

 

 
706

Total equity securities
$
15,620

 
566

 
96

 
16,090


 
December 31, 2016
 
Cost or
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
(In thousands)
Fixed maturities:
 
 
 
 
 
 
 
Available-for-sale securities:
 
 
 
 
 
 
 
U.S. Treasury securities
$
9,929

 
2,261

 

 
12,190

U.S. Government-sponsored enterprises
7,639

 
863

 

 
8,502

States and political subdivisions
563,279

 
15,017

 
5,022

 
573,274

Foreign governments
103

 
23

 

 
126

Corporate
277,226

 
12,095

 
4,222

 
285,099

Commercial mortgage-backed
50

 
1

 

 
51

Residential mortgage-backed
2,247

 
181

 
2

 
2,426

Total available-for-sale securities
860,473

 
30,441

 
9,246

 
881,668

Held-to-maturity securities:
 

 
 

 
 

 
 

U.S. Government-sponsored enterprises
2,003

 
28

 

 
2,031

States and political subdivisions
223,966

 
6,916

 
1,599

 
229,283

Corporate
21,035

 
888

 
692

 
21,231

Total held-to-maturity securities
247,004

 
7,832

 
2,291

 
252,545

Total fixed maturity securities
$
1,107,477

 
38,273

 
11,537

 
1,134,213

 
 
 
 
 
 
 
 
Short-term investments
$
508

 

 

 
508

 
 
 
 
 
 
 
 
Equity securities:
 

 
 

 
 

 
 

Stock mutual funds
$
2,867

 
79

 

 
2,946

Bond mutual funds
14,040

 
265

 
108

 
14,197

Common stock
39

 
3

 
17

 
25

Redeemable preferred stock
819

 
174

 
2

 
991

Total equity securities
$
17,765

 
521

 
127

 
18,159

Unrealized Continuous Losses on Investments [Abstract]  
Schedule of Unrealized Loss on Investments [Table Text Block]
The following tables present the fair values and gross unrealized losses of fixed maturities and equity securities that have remained in a continuous unrealized loss position for the periods indicated.
 
March 31, 2017
 
Less than 12 months
 
Greater than 12 months
 
Total
 
Fair
Value
 
Unrealized
Losses
 
# of
Securities
 
Fair
Value
 
Unrealized
Losses
 
# of
Securities
 
Fair
Value
 
Unrealized
Losses
 
# of
Securities
 
(In thousands, except for # of securities)
Fixed maturities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
States and political subdivisions
$
172,292

 
2,550

 
147

 
8,064

 
1,445

 
8

 
180,356

 
3,995

 
155

Corporate
78,715

 
2,205

 
64

 
1,886

 
476

 
7

 
80,601

 
2,681

 
71

Residential mortgage-backed
109

 
1

 
3

 
104

 
1

 
2

 
213

 
2

 
5

Total available-for-sale securities
251,116

 
4,756

 
214

 
10,054

 
1,922

 
17

 
261,170

 
6,678

 
231

Held-to-maturity securities:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

States and political subdivisions
35,518

 
601

 
40

 
510

 
35

 
1

 
36,028

 
636

 
41

Corporate

 

 

 
2,206

 
639

 
2

 
2,206

 
639

 
2

Total held-to-maturity securities
35,518

 
601

 
40

 
2,716

 
674

 
3

 
38,234

 
1,275

 
43

Total fixed maturities
$
286,634

 
5,357

 
254

 
12,770

 
2,596

 
20

 
299,404

 
7,953

 
274

Equity securities:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Bond mutual funds
$
8,202

 
96

 
1

 

 

 

 
8,202

 
96

 
1

Common stocks

 

 

 

 

 

 

 

 

 Redeemable preferred
 stocks
101

 

 
1

 

 

 

 
101

 

 
1

 
$
8,303

 
96

 
2

 

 

 

 
8,303

 
96

 
2


As of March 31, 2017, the Company had 17 available-for-sale fixed maturity securities and 3 held-to-maturity fixed maturity securities that were in an unrealized loss position for greater than 12 months. There were no common stock holdings in an unrealized loss position for greater than 12 months as of March 31, 2017.

 
December 31, 2016
 
Less than 12 months
 
Greater than 12 months
 
Total
 
Fair
Value
 
Unrealized
Losses
 
# of
Securities
 
Fair
Value
 
Unrealized
Losses
 
# of
Securities
 
Fair
Value
 
Unrealized
Losses
 
# of
Securities
 
(In thousands, except for # of securities)
Fixed maturities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
States and political subdivisions
$
202,788

 
3,513

 
184

 
8,018

 
1,509

 
8

 
210,806

 
5,022

 
192

Corporate
91,527

 
3,578

 
70

 
6,102

 
644

 
8

 
97,629

 
4,222

 
78

Residential mortgage-backed
116

 
1

 
4

 
105

 
1

 
2

 
221

 
2

 
6

Total available-for-sale securities
294,431

 
7,092

 
258

 
14,225

 
2,154

 
18

 
308,656

 
9,246

 
276

Held-to-maturity securities:
 

 
 
 
 

 
 

 
 

 
 

 
 

 
 

 
 

States and political subdivisions
43,659

 
1,562

 
47

 
509

 
37

 
1

 
44,168

 
1,599

 
48

Corporate
3,587

 
12

 
3

 
2,171

 
680

 
2

 
5,758

 
692

 
5

Total held-to-maturity securities
47,246

 
1,574

 
50

 
2,680

 
717

 
3

 
49,926

 
2,291

 
53

Total fixed maturities
$
341,677

 
8,666

 
308

 
16,905

 
2,871

 
21

 
358,582

 
11,537

 
329

Equity securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Bond mutual funds
$
10,160

 
108

 
2

 

 

 

 
10,160

 
108

 
2

Common stock

 

 

 

 
17

 
1

 

 
17

 
1

Redeemable preferred stocks
201

 
2

 
2

 

 

 

 
201

 
2

 
2

Total equities
$
10,361

 
110

 
4

 

 
17

 
1

 
10,361

 
127

 
5

Available-for-sale Securities, Gross Realized Gain (Loss) [Abstract]  
Schedule of Realized Gain (Loss) [Table Text Block]
The Company uses the specific identification method of the individual security to determine the cost basis used in the calculation of realized gains and losses related to security sales.  
 
Fixed Maturities, Available-for-Sale
 
Equity Securities
 
Three Months Ended
 
Three Months Ended
 
March 31,
 
March 31,
 
2017
 
2016
 
2017
 
2016
 
(In thousands)
Proceeds
$
508

 

 
1,940

 

Gross realized gains
$
6

 

 

 

Gross realized losses
$

 

 
30

 

The Company uses the specific identification method of the individual security to determine the cost basis used in the calculation of realized gains and losses related to security sales.  
 
Fixed Maturities, Available-for-Sale
 
Equity Securities
 
Three Months Ended
 
Three Months Ended
 
March 31,
 
March 31,
 
2017
 
2016
 
2017
 
2016
 
(In thousands)
Proceeds
$
508

 

 
1,940

 

Gross realized gains
$
6

 

 

 

Gross realized losses
$

 

 
30

 

Schedule of Fixed Maturities [Abstract]  
Investments Classified by Contractual Maturity Date [Table Text Block]
The amortized cost and fair value of fixed maturity securities at March 31, 2017 by contractual maturity are shown in the table below.  Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date have been reflected based upon final stated maturity.
 
March 31, 2017
 
Amortized
Cost
 
Fair
Value
 
(In thousands)
Available-for-sale securities:
 
 
 
Due in one year or less
$
50,405

 
50,885

Due after one year through five years
101,885

 
104,873

Due after five years through ten years
119,041

 
126,159

Due after ten years
609,771

 
625,299

Total available-for-sale securities
881,102

 
907,216

Held-to-maturity securities:
 

 
 

Due in one year or less
2,526

 
2,543

Due after one year through five years
59,799

 
62,061

Due after five years through ten years
40,591

 
42,255

Due after ten years
141,860

 
144,841

Total held-to-maturity securities
244,776

 
251,700

Total fixed maturities
$
1,125,878

 
1,158,916