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Investments (Tables)
6 Months Ended
Jun. 30, 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 90.4% of total cash, cash equivalents and investments at June 30, 2017.
 
June 30, 2017
 
December 31, 2016
 
Carrying
Value
 
% of Total
Carrying Value
 
Carrying
Value
 
% of Total
Carrying Value
 
(In thousands)
 
 
 
(In thousands)
 
 
Fixed maturity securities
$
1,175,341

 
90.4

 
$
1,128,672

 
89.7

Equity securities
16,143

 
1.2

 
18,159

 
1.6

Mortgage loans
198

 

 
232

 
0.0

Policy loans
69,382

 
5.3

 
66,672

 
5.3

Real estate and other long-term investments
5,906

 
0.5

 
7,896

 
0.6

Short-term investments

 

 
508

 

Cash and cash equivalents
33,749

 
2.6

 
35,510

 
2.8

Total cash, cash equivalents and investments
$
1,300,719

 
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.
 
June 30, 2017
 
Cost or
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
(In thousands)
Fixed maturities:
 
 
 
 
 
 
 
Available-for-sale:
 
 
 
 
 
 
 
U.S. Treasury securities
$
9,895

 
2,249

 

 
12,144

U.S. Government-sponsored enterprises
3,582

 
966

 

 
4,548

States and political subdivisions
564,289

 
17,400

 
3,162

 
578,527

Foreign governments
103

 
22

 

 
125

Corporate
323,014

 
15,308

 
2,176

 
336,146

Commercial mortgage-backed
8

 

 

 
8

Residential mortgage-backed
2,048

 
153

 
2

 
2,199

Total available-for-sale securities
902,939

 
36,098

 
5,340

 
933,697

Held-to-maturity securities:
 

 
 

 
 

 
 

States and political subdivisions
220,674

 
7,819

 
740

 
227,753

Corporate
20,970

 
852

 
859

 
20,963

Total held-to-maturity securities
241,644

 
8,671

 
1,599

 
248,716

Total fixed maturities
$
1,144,583

 
44,769

 
6,939

 
1,182,413

 
 
 
 
 
 
 
 
Equity securities:
 

 
 

 
 

 
 

Stock mutual funds
$
2,867

 
211

 

 
3,078

Bond mutual funds
12,071

 
377

 
114

 
12,334

Common stock
22

 

 
2

 
20

Redeemable preferred stock
660

 
51

 

 
711

Total equity securities
$
15,620

 
639

 
116

 
16,143


 
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.
 
June 30, 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
$
138,043

 
1,686

 
112

 
9,127

 
1,476

 
10

 
147,170

 
3,162

 
122

Corporate
70,235

 
1,561

 
51

 
1,576

 
615

 
6

 
71,811

 
2,176

 
57

Residential mortgage-backed
107

 
1

 
3

 
103

 
1

 
2

 
210

 
2

 
5

Total available-for-sale securities
208,385

 
3,248

 
166

 
10,806

 
2,092

 
18

 
219,191

 
5,340

 
184

Held-to-maturity securities:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

States and political subdivisions
22,373

 
457

 
31

 
1,342

 
283

 
2

 
23,715

 
740

 
33

Corporate

 

 

 
1,979

 
859

 
2

 
1,979

 
859

 
2

Total held-to-maturity securities
22,373

 
457

 
31

 
3,321

 
1,142

 
4

 
25,694

 
1,599

 
35

Total fixed maturities
$
230,758

 
3,705

 
197

 
14,127

 
3,234

 
22

 
244,885

 
6,939

 
219

Equity securities:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Bond mutual funds
$
8,183

 
114

 
1

 

 

 

 
8,183

 
114

 
1

Common stocks
21

 
2

 
2

 

 

 

 
21

 
2

 
2

 
$
8,204

 
116

 
3

 

 

 

 
8,204

 
116

 
3


As of June 30, 2017, the Company had 18 available-for-sale fixed maturity securities and 4 held-to-maturity fixed maturity securities that were in an unrealized loss position for greater than 12 months. There were no equity securities in an unrealized loss position for greater than 12 months as of June 30, 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
 
Six Months Ended
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
June 30,
 
June 30,
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
(In thousands)
Proceeds
$

 

 
508

 

 

 
403

 
1,940

 
403

Gross realized gains
$

 

 
6

 

 

 
40

 

 
40

Gross realized losses
$

 

 

 

 

 
36

 
30

 
36

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 June 30, 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.
 
June 30, 2017
 
Amortized
Cost
 
Fair
Value
 
(In thousands)
Available-for-sale securities:
 
 
 
Due in one year or less
$
50,852

 
51,396

Due after one year through five years
103,179

 
106,605

Due after five years through ten years
117,410

 
124,665

Due after ten years
631,498

 
651,031

Total available-for-sale securities
902,939

 
933,697

Held-to-maturity securities:
 

 
 

Due in one year or less
17,820

 
18,074

Due after one year through five years
48,056

 
49,477

Due after five years through ten years
42,472

 
44,461

Due after ten years
133,296

 
136,704

Total held-to-maturity securities
241,644

 
248,716

Total fixed maturities
$
1,144,583

 
1,182,413