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Investments (Table Text Block)
3 Months Ended 12 Months Ended
Jun. 30, 2015
Mar. 31, 2015
Investments Debt Equity Securities [Abstract]    
Available-for-Sale Investments

Available-for-sale investments at June 30, 2015 were as follows:

 

 

Amortized

Cost

 

Gross

Unrealized

Gains

 

Gross

Unrealized

Losses More than 12 Months

 

Gross

Unrealized

Losses Less than 12 Months

 

Estimated

Market

Value

 

 

(Unaudited)

 

 

(In thousands)

U.S. treasury securities and government obligations

$

88,561

$

5,796

$

$

(33)

$

94,324

U.S. government agency mortgage-backed securities

 

29,224

 

2,712

 

 

(2)

 

31,934

Obligations of states and political subdivisions

 

162,859

 

14,467

 

(34)

 

(87)

 

177,205

Corporate securities

 

917,476

 

52,995

 

(1,489)

 

(1,867)

 

967,115

Mortgage-backed securities

 

19,259

 

994

 

(1)

 

 

20,252

Redeemable preferred stocks

 

18,053

 

591

 

(54)

 

(38)

 

18,552

Common stocks

 

18,143

 

6,786

 

 

(112)

 

24,817

 

$

1,253,575

$

84,341

$

(1,578)

$

(2,139)

$

1,334,199

 

Available-for-sale investments at March 31, 2015 were as follows:

 

 

Amortized

Cost

 

Gross

Unrealized

Gains

 

Gross

Unrealized

Losses More than 12 Months

 

Gross

Unrealized

Losses Less than 12 Months

 

Estimated

Market

Value

 

 

(In thousands)

U.S. treasury securities and government obligations

$

99,722

$

5,658

$

(64)

$

$

105,316

U.S. government agency mortgage-backed securities

 

30,569

 

2,614

 

(39)

 

(3)

 

33,141

Obligations of states and political subdivisions

 

165,724

 

13,052

 

(298)

 

(10)

 

178,468

Corporate securities

 

885,470

 

44,426

 

(2,522)

 

(2,966)

 

924,408

Mortgage-backed securities

 

19,874

 

806

 

(1)

 

 

20,679

Redeemable preferred stocks

 

18,052

 

521

 

(253)

 

(24)

 

18,296

Common stocks

 

17,975

 

6,719

 

 

(40)

 

24,654

 

$

1,237,386

$

73,796

$

(3,177)

$

(3,043)

$

1,304,962

 

Adjusted Cost and Estimated Market Value of Available-for-sale Investments

 

 

June 30, 2015

 

March 31, 2015

 

 

Amortized

Cost

 

Estimated

Market

Value

 

Amortized

Cost

 

Estimated

Market

Value

 

 

(Unaudited)

 

 

 

 

 

 

(In thousands)

Due in one year or less

$

52,734

$

53,626

$

36,355

$

37,055

Due after one year through five years

 

182,786

 

194,033

 

198,488

 

209,404

Due after five years through ten years

 

494,677

 

519,766

 

474,639

 

492,782

Due after ten years

 

467,923

 

503,153

 

472,003

 

502,092

 

 

1,198,120

 

1,270,578

 

1,181,485

 

1,241,333

 

 

 

 

 

 

 

 

 

Mortgage backed securities

 

19,259

 

20,252

 

19,874

 

20,679

Redeemable preferred stocks

 

18,053

 

18,552

 

18,052

 

18,296

Equity securities

 

18,143

 

24,817

 

17,975

 

24,654

 

$

1,253,575

$

1,334,199

$

1,237,386

$

1,304,962