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Investments (Table Text Block) | 12 Months Ended
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Mar. 31, 2021
Investments, Debt and 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 Allowance for Expected Credit Losses Fair Value (In thousands) U.S. treasury securities and government obligations $ 92,429 $ 12,941 $ - $ - $ - $ 105,370 U.S. government agency mortgage-backed securities 61,427 911 (1) (132) - 62,205 Obligations of states and political subdivisions 230,521 25,249 (59) (3) - 255,708 Corporate securities 1,846,507 199,447 (163) (641) (1,319) 2,043,831 Mortgage-backed securities 174,728 11,706 (1) (8) - 186,425 $ 2,405,612 $ 250,254 $ (224) $ (784) $ (1,319) $ 2,653,539 Available-for-sale investments as of March 31, 2020 were as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses More than 12 Months Gross Unrealized Losses Less than 12 Months Fair Value (in thousands) U.S. treasury securities and government obligations $ 112,421 $ 7,959 $ (1) $ - $ 120,379 U.S. government agency mortgage-backed securities 88,449 759 (1) (373) 88,834 Obligations of states and political subdivisions 287,643 20,664 (155) - 308,152 Corporate securities 1,656,425 100,302 (919) (812) 1,754,996 Mortgage-backed securities 187,784 6,011 (1) (107) 193,687 Redeemable preferred stocks 1,493 72 - - 1,565 $ 2,334,215 $ 135,767 $ (1,077) $ (1,292) $ 2,467,613
Adjusted Cost and Estimated Market Value of Available-for-sale Investments | March 31, 2021 March 31, 2020 Amortized Cost Fair Value Amortized Cost Fair Value (In thousands) Due in one year or less $ 90,142 $ 91,190 $ 128,747 $ 129,420 Due after one year through five years 562,442 601,818 547,821 566,934 Due after five years through ten years 672,733 754,536 636,036 678,636 Due after ten years 905,567 1,019,570 832,334 897,371 2,230,884 2,467,114 2,144,938 2,272,361 Mortgage backed securities 174,728 186,425 187,784 193,687 Redeemable preferred stocks - - 1,493 1,565 $ 2,405,612 $ 2,653,539 $ 2,334,215 $ 2,467,613
Available for sale equity investments | March 31, 2021 March 31, 2020 Amortized Cost Fair Value Amortized Cost Fair Value (In thousands) Common stocks $ 9,775 $ 20,440 $ 9,775 $ 20,015 Non-redeemable preferred stocks 20,034 21,677 5,076 5,110 $ 29,809 $ 42,117 $ 14,851 $ 25,125
Carrying Value of Other Investments | March 31, 2021 2020 (In thousands) Mortgage loans, net $ 391,230 $ 262,688 Short-term investments 7,234 6,995 Real estate 68,813 69,569 Policy loans 11,163 11,212 Other equity investments 11,319 9,909 $ 489,759 $ 360,373

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- Definition Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities. + References No definition available. + Details
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- Definition Tabular disclosure of the investment holdings which are represented by other than securities (for example, commodities). The investment holdings, other than securities investments table lists the long positions of non-security investments held by entity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -Section S99 -Paragraph 5D -Subparagraph (SX 210.12-13D) -URI http://asc.fasb.org/extlink&oid=120401592&loc=SL120429264-123010 + Details
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- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
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- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in net income (trading) and investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). + References No definition available. + Details
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