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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2018
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, 2018
Financial assets
Level 1
 
Level 2
 
Level 3
 
Total
Fair Value
 
(In thousands)
Available-for-sale investments:
 
 
 
 
 
 
 
Fixed maturities:
 
 
 
 
 
 
 
U.S. Treasury and U.S. Government-sponsored enterprises
$
11,274

 
4,280

 

 
15,554

States and political subdivisions

 
720,115

 

 
720,115

Corporate
47

 
381,749

 

 
381,796

Commercial mortgage-backed

 
40,014

 

 
40,014

Residential mortgage-backed

 
68,684

 

 
68,684

Asset-backed

 
4,757

 

 
4,757

Foreign governments

 
119

 

 
119

Total fixed maturities available-for-sale
11,321

 
1,219,718

 

 
1,231,039

 
 
 
 
 
 
 
 
Equity securities:
 

 
 

 
 

 
 

Stock mutual funds
2,906

 

 

 
2,906

Bond mutual funds
11,774

 

 

 
11,774

Common stock
94

 

 

 
94

Non-redeemable preferred stock
294

 

 

 
294

Total equity securities
15,068

 

 

 
15,068

Total financial assets
$
26,389

 
1,219,718

 

 
1,246,107


 
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

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,
 
2018
 
2017
 
(In thousands)
Beginning Balance at January 1,
$

 
51

Total realized and unrealized gains (losses)
 
 
 

Included in net income

 

Included in other comprehensive income

 

Principal paydowns

 
(51
)
Transfer in and (out) of Level 3

 

Ending Balance at December 31,
$

 

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, 2018
 
December 31, 2017
 
Carrying
Value
 
Fair
Value
 
Carrying
Value
 
Fair
Value
 
(In thousands)
Financial assets:
 
 
 
 
 
 
 
Fixed maturities, held-to-maturity
$

 

 
233,961

 
241,377

Mortgage loans
186

 
222

 
195

 
228

Policy loans
80,825

 
80,825

 
73,735

 
73,735

Short-term investments
7,865

 
7,865

 

 

Cash and cash equivalents
45,492

 
45,492

 
46,064

 
46,064

Financial liabilities:
 

 
 

 
 

 
 

Annuities - investment contracts
$
56,658

 
55,977

 
55,035

 
57,575