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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2017
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The following tables set forth our assets and liabilities that are measured at fair value on a recurring basis as of the dates indicated.
 
June 30, 2017
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
$
12,144

 
4,548

 

 
16,692

States and political subdivisions

 
578,527

 

 
578,527

Corporate

 
336,146

 

 
336,146

Commercial mortgage-backed

 

 
8

 
8

Residential mortgage-backed

 
2,199

 

 
2,199

Foreign governments

 
125

 

 
125

Total fixed maturities
12,144

 
921,545

 
8

 
933,697

Equity securities:
 

 
 

 
 

 
 

Stock mutual funds
3,078

 

 

 
3,078

Bond mutual funds
12,334

 

 

 
12,334

Common stock
20

 

 

 
20

Redeemable preferred stock
711

 

 

 
711

Total equity securities
16,143

 

 

 
16,143

Total financial assets
$
28,287

 
921,545

 
8

 
949,840


 
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

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 that are classified as Level 3 assets and for which we have utilized significant unobservable inputs to determine fair value.

June 30,
2017
 
December 31,
2016
 
(In thousands)
 
 
 
 
Balance at beginning of period
$
51

 
145

Total realized and unrealized gains (losses)


 


Included in net income

 

Included in other comprehensive income

 
(4
)
Principal paydowns
(43
)
 
(90
)
Transfer in and (out) of Level 3

 

Balance at end of period
$
8

 
51

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 not otherwise disclosed for the periods indicated are as follows:
 
June 30, 2017
 
December 31, 2016
 
Carrying Value
 
Fair Value
 
Carrying Value
 
Fair Value
 
(In thousands)
Financial assets:
 
 
 
 
 
 
 
Fixed maturities, held-to-maturity
$
241,644

 
248,716

 
247,004

 
252,545

Mortgage loans
198

 
230

 
232

 
269

Policy loans
69,382

 
69,382

 
66,672

 
66,672

Short-term investments

 

 
508

 
508

Cash and cash equivalents
33,749

 
33,749

 
35,510

 
35,510

Financial liabilities:
 

 
 

 
 

 
 

Annuity - investment contracts
53,137

 
52,794

 
50,952

 
52,173