Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

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.

March 31, 2022	Level 1		Level 2	Level 3	Total Fair Value
(In thousands)
Financial Assets
Fixed maturity securities available-for-sale
U.S. Treasury and U.S. Government-sponsored enterprises	$	10,170	4,149	—	14,319
States and political subdivisions	—		358,395	—	358,395
Corporate	50		814,080	—	814,130
Residential mortgage-backed	—		123,162	—	123,162
Asset-backed	—		45,297	—	45,297
Foreign governments	—		107	—	107
Total fixed maturity securities available-for-sale	10,220		1,345,190	—	1,355,410
Equity securities
Stock mutual funds	3,476		—	—	3,476
Bond mutual funds	4,880		—	—	4,880
Common stock	957		—	—	957
Non-redeemable preferred stock	10		—	—	10
Non-redeemable preferred stock fund	4,579		—	—	4,579
Total equity securities	13,902		—	—	13,902
Other long-term investments (1)	—		—	—	62,564
Total financial assets	$	24,122	1,345,190	—	1,431,876

(1) In accordance with Subtopic 820-10, certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient are not classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the consolidated balance sheet.

December 31, 2021	Level 1		Level 2	Level 3	Total Fair Value
(In thousands)
Financial Assets
Fixed maturity securities available-for-sale
U.S. Treasury and U.S. Government-sponsored enterprises	$	10,611	4,459	—	15,070
States and political subdivisions	—		383,958	—	383,958
Corporate	51		892,957	—	893,008
Residential mortgage-backed	—		133,795	—	133,795
Asset-backed	—		44,676	—	44,676
Foreign governments	—		110	—	110
Total fixed maturity securities available-for-sale	10,662		1,459,955	—	1,470,617
Equity securities
Stock mutual funds	3,571		—	—	3,571
Bond mutual funds	5,060		—	—	5,060
Common stock	990		—	—	990
Non-redeemable preferred stock	161		—	—	161
Non-redeemable preferred stock fund	5,062		—	—	5,062
Total equity securities	14,844		—	—	14,844
Other long-term investments (1)	—		—	—	56,038
Total financial assets	$	25,506	1,459,955	—	1,541,499
(1) In accordance with Subtopic 820-10, certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient are not classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the consolidated balance sheet.

Fair Value Measurements, Recurring and Nonrecurring

These investments are included in other long-term investments on the consolidated balance sheets.

		March 31, 2022				December 31, 2021
		Fair Value  Using NAV Per Share		Unfunded Commit- ments	Life in years	Fair Value  Using NAV Per Share		Unfunded Commit- ments	Life in years
(In thousands, except years)
Limited partnerships
Middle market	Investments in privately-originated, performing senior secured debt primarily in North America-based companies	$	27,336	13,593	9	$	21,947	18,712	10
Global equity fund	Investments in common stocks of U.S., international developed and emerging markets with a focus on long-term capital growth	9,890		—	0	10,607		—	0
Late-stage growth	Investments in private late-stage, established companies seeking capital to accelerate growth prior to an IPO or sale	21,564		7,256	6	20,468		4,459	6
Infrastructure	Investments in climate infrastructure assets, focusing on renewable power generation in wind and solar energy	3,774		15,970	11	3,016		16,653	12
Total limited partnerships		$	62,564	36,819		$	56,038	39,824

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:

	March 31, 2022			December 31, 2021
(In thousands)	Carrying Value		Fair Value	Carrying Value	Fair Value
Financial Assets:
Policy loans	$	79,345	79,345	80,307	80,307
Commercial mortgage loan	1,000		1,000	1,000	1,000
Residential mortgage loans	145		167	148	169
Cash and cash equivalents	21,298		21,298	27,294	27,294
Financial Liabilities:
Annuity - investment contracts	65,063		67,272	64,384	72,352

Fair Value Option, Disclosures

The following table summarizes the carrying amounts of these investments.

Carrying Value (In thousands)	March 31, 2022		December 31, 2021
Other long-term investments:
Limited partnerships	$	62,564	56,038
FHLB common stock	192		192
Mortgage loans	1,145		1,148
All other investments	26		21
Total other long-term investments	$	63,927	57,399