Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2017

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, 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	$	11,808	4,496	—	16,304
States and political subdivisions	—		567,503	—	567,503
Corporate	—		388,703	—	388,703
Residential mortgage-backed	—		1,978	—	1,978
Foreign governments	—		121	—	121
Total fixed maturities	11,808		962,801	—	974,609
Equity securities:
Stock mutual funds	3,217		—	—	3,217
Bond mutual funds	12,367		—	—	12,367
Common stock	24		—	—	24
Redeemable preferred stock	556		—	—	556
Total equity securities	16,164		—	—	16,164
Total financial assets	$	27,972	962,801	—	990,773



	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 and for which we have utilized significant unobservable (Level 3) inputs to determine fair value:



	December 31,
	2017			2016
	(In thousands)
Beginning Balance at January 1,	$	51		145
Total realized and unrealized gains (losses)
Included in net income	—			—
Included in other comprehensive income	—			(4	)
Principal paydowns	(51		)	(90	)
Transfer in and (out) of Level 3	—			—
Ending Balance at December 31,	$	—		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 at each year-end were as follows:



	December 31, 2017			December 31, 2016
	Carrying Value		Fair Value	Carrying Value	Fair Value
	(In thousands)
Financial assets:
Fixed maturities, held-to-maturity	$	233,961	241,377	247,004	252,545
Mortgage loans	195		228	232	269
Policy loans	73,735		73,735	66,672	66,672
Short-term investments	—		—	508	508
Cash and cash equivalents	46,064		46,064	35,510	35,510
Financial liabilities:
Annuities - investment contracts	$	55,035	57,575	50,952	52,173