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Investments (Table Text Block)
3 Months Ended
Jun. 30, 2019
Mar. 31, 2019
Investments Debt Equity Securities [Abstract]    
Available-for-Sale Investments

 

 

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

$

135,055

$ 

3,709

$ 

(913)

$ 

(24)

$ 

137,827

U.S. government agency mortgage-backed securities

 

41,359

 

442

 

(95)

 

(35)

 

41,671

Obligations of states and political subdivisions

 

301,255

 

13,579

 

(198)

 

0

 

314,636

Corporate securities

 

1,639,004

 

36,966

 

(9,868)

 

(1,350)

 

1,664,752

Mortgage-backed securities

 

147,102

 

2,834

 

(127)

 

(6)

 

149,803

Redeemable preferred stocks

 

1,493

 

57

 

0

 

0

 

1,550

 

$

2,265,268

$ 

57,587

$ 

(11,201)

$ 

(1,415)

$ 

2,310,239

 

 

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

$

136,010

$ 

2,409

$ 

(2,104)

$ 

(447)

$ 

135,868

U.S. government agency mortgage-backed securities

 

31,101

 

433

 

(146)

 

(19)

 

31,369

Obligations of states and political subdivisions

 

298,955

 

8,079

 

(233)

 

(905)

 

305,896

Corporate securities

 

1,613,199

 

14,777

 

(14,257)

 

(24,986)

 

1,588,733

Mortgage-backed securities

 

148,203

 

880

 

(285)

 

(903)

 

147,895

Redeemable preferred stocks

 

1,493

 

20

 

0

 

(45)

 

1,468

 

$

2,228,961

$ 

26,598

$ 

(17,025)

$ 

(27,305)

$ 

2,211,229

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

 

 

June 30, 2019

 

March 31, 2019

 

 

Amortized

Cost

 

Estimated

Market

Value

 

Amortized

Cost

 

Estimated

Market

Value

 

 

(Unaudited)

 

 

 

 

(In thousands)

Due in one year or less

$

80,244

$

80,481

$

71,987

$

71,954

Due after one year through five years

 

553,626

 

562,599

 

541,195

 

540,658

Due after five years through ten years

 

646,677

 

660,403

 

621,031

 

614,485

Due after ten years

 

836,126

 

855,403

 

845,052

 

834,769

 

 

2,116,673

 

2,158,886

 

2,079,265

 

2,061,866

 

 

 

 

 

 

 

 

 

Mortgage-backed securities

 

147,102

 

149,803

 

148,203

 

147,895

Redeemable preferred stocks

 

1,493

 

1,550

 

1,493

 

1,468

 

$

2,265,268

$

2,310,239

$

2,228,961

$

2,211,229

 
Available for sale equity investments

 

 

June 30, 2019

 

March 31, 2019

 

 

Amortized

Cost

 

Estimated

Market

Value

 

Amortized

Cost

 

Estimated

Market

Value

 

 

(Unaudited)

 

 

 

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

Common stocks

$

10,123

$

19,035

$

10,123

$

17,379

Non-redeemable preferred stocks

 

7,451

 

7,311

 

7,451

 

6,789

 

$

17,574

$

26,346

$

17,574

$

24,168