Fair Value Measurements (Table Text Block)

6 Months Ended

Sep. 30, 2017

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis

As of September 30, 2017		Total		Level 1		Level 2		Level 3
		(Unaudited)
		(In thousands)
Assets
Short term investments	$	541,976	$	541,776	$	200	$	–
Fixed maturities - available for sale		1,804,501		6,850		1,797,323		328
Preferred stock		14,303		14,303		–		–
Common stock		24,964		24,964		–		–
Derivatives		3,603		3,603		–		–
Total	$	2,389,347	$	591,496	$	1,797,523	$	328
Liabilities
Guaranteed residual values of TRAC leases	$	–	$	–	$	–	$	–
Derivatives		2,167		–		2,167		–
Total	$	2,167	$	–	$	2,167	$	–

As of March 31, 2017		Total		Level 1		Level 2		Level 3
		(In thousands)
Assets
Short term investments	$	521,911	$	521,710	$	201	$	–
Fixed maturities - available for sale		1,625,845		6,491		1,619,024		330
Preferred stock		13,489		13,489		–		–
Common stock		24,434		24,434		–		–
Derivatives		4,260		4,260		–		–
Total	$	2,189,939	$	570,384	$	1,619,225	$	330
Liabilities
Guaranteed residual values of TRAC leases	$	–	$	–	$	–	$	–
Derivatives		4,903		–		4,903		–
Total	$	4,903	$	–	$	4,903	$	–

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

.		Fixed Maturities - Asset Backed Securities
		(Unaudited)
		(In thousands)
Balance at March 31, 2017	$	330
Fixed Maturities - Asset Backed Securities - redeemed		(4)
Fixed Maturities - Asset Backed Securities - net loss (unrealized)		2
Balance at September 30, 2017	$	328