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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The following tables set forth our assets that are measured at fair value on a recurring basis as of the dates indicated.
 
December 31, 2019
(In thousands)
Level 1
 
Level 2
 
Level 3
 
Total
Fair Value
Financial assets:
 
 
 
 
 
 
 
Fixed maturities available-for-sale:
 
 
 
 
 
 
 
U.S. Treasury and U.S. Government-sponsored enterprises
$
11,348

 
4,530

 

 
15,878

States and political subdivisions

 
536,284

 

 
536,284

Corporate
52

 
650,036

 

 
650,088

Commercial mortgage-backed

 
1,100

 

 
1,100

Residential mortgage-backed

 
130,287

 

 
130,287

Asset-backed

 
44,203

 

 
44,203

Foreign governments

 
119

 

 
119

Total fixed maturities available-for-sale
11,400

 
1,366,559

 

 
1,377,959

 
 
 
 
 
 
 
 
Equity securities:
 

 
 

 
 

 
 

Stock mutual funds
3,274

 

 

 
3,274

Bond mutual funds
12,311

 

 

 
12,311

Common stock
134

 

 

 
134

Non-redeemable preferred stock
314

 

 

 
314

Total equity securities
16,033

 

 

 
16,033

Total financial assets
$
27,433


1,366,559

 

 
1,393,992


December 31, 2018
(In thousands)
Level 1
 
Level 2
 
Level 3
 
Total
Fair Value
Financial assets:
 
 
 
 
 
 
 
Fixed maturities available-for-sale:
 
 
 
 
 
 
 
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
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

Fair Value, by Balance Sheet Grouping [Table Text Block]
The following table summarizes the carrying amounts of other long-term investments not carried at fair market value.

December 31, 2019
Carrying
Value
(in thousands)
Other long-term investments:
 
FHLB common stock
$
187

Mortgage loans
177

All other investments
21

Total other long-term investments
$
385

The carrying amount and fair value for the financial assets and liabilities on the consolidated financial statements not otherwise disclosed for the periods indicated were as follows:
 
 
December 31, 2019
 
December 31, 2018
(In thousands)
Carrying
Value
 
Fair
Value
 
Carrying
Value
 
Fair
Value
Financial assets:
 
 
 
 
 
 
 
Policy loans
$
82,005

 
82,005

 
80,825

 
80,825

Mortgage loans
177

 
210

 
186

 
222

Short-term investments
1,301

 
1,301

 
7,865

 
7,865

Cash and cash equivalents
46,205

 
46,205

 
45,492

 
45,492

Financial liabilities:
 

 
 

 
 

 
 

Annuities - investment contracts
$
56,878

 
60,667

 
56,658

 
55,977