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Investments (Table Text Block)
3 Months Ended 6 Months Ended
Mar. 31, 2019
Sep. 30, 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

 

 

 

 

 

(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

 

 

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

$

133,938

$ 

7,673

$ 

(148)

$ 

0

$ 

141,463

U.S. government agency mortgage-backed securities

 

40,588

 

694

 

(2)

 

0

 

41,280

Obligations of states and political subdivisions

 

296,325

 

20,642

 

(155)

 

0

 

316,812

Corporate securities

 

1,654,981

 

77,467

 

(2,329)

 

(176)

 

1,729,943

Mortgage-backed securities

 

150,143

 

5,529

 

(1)

 

(49)

 

155,622

Redeemable preferred stocks

 

1,493

 

74

 

0

 

0

 

1,567

 

$

2,277,468

$ 

112,079

$ 

(2,635)

$ 

(225)

$ 

2,386,687

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

 

 

September 30, 2019

 

March 31, 2019

 

 

Amortized

Cost

 

Estimated

Market

Value

 

Amortized

Cost

 

Estimated

Market

Value

 

 

(Unaudited)

 

 

 

 

(In thousands)

Due in one year or less

$

83,028

$

83,337

$

71,987

$

71,954

Due after one year through five years

 

521,038

 

536,225

 

541,195

 

540,658

Due after five years through ten years

 

694,348

 

729,026

 

621,031

 

614,485

Due after ten years

 

827,418

 

880,910

 

845,052

 

834,769

 

 

2,125,832

 

2,229,498

 

2,079,265

 

2,061,866

 

 

 

 

 

 

 

 

 

Mortgage-backed securities

 

150,143

 

155,622

 

148,203

 

147,895

Redeemable preferred stocks

 

1,493

 

1,567

 

1,493

 

1,468

 

$

2,277,468

$

2,386,687

$

2,228,961

$

2,211,229

Available for sale equity investments  

 

 

September 30, 2019

 

March 31, 2019

 

 

Amortized

Cost

 

Estimated

Market

Value

 

Amortized

Cost

 

Estimated

Market

Value

 

 

(Unaudited)

 

 

 

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

Common stocks

$

10,123

$

19,207

$

10,123

$

17,379

Non-redeemable preferred stocks

 

7,451

 

7,456

 

7,451

 

6,789

 

$

17,574

$

26,663

$

17,574

$

24,168