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Derivatives (Table Text Block) | 6 Months Ended
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Sep. 30, 2024
Interest Rate Swap [Member] |
Derivative [Line Items] |
Schedule of derivative instruments in statement of financial position, fair value |
|  | Derivatives Fair Values as of |
|  | September 30, 2024 |  |  | March 31, 2024 |
|  | (Unaudited) |
|  | (In thousands) |
Interest rate swaps designated as cash flow hedges: |
Assets |  | $ | 3,122 |  |  | $ | 8,392 |
Liabilities |  | $ | 1,952 |  |  | $ | — |
Notional amount |  | $ | 381,127 |  |  | $ | 297,867 |
Equity Swap [Member] |
Derivative [Line Items] |
Schedule of derivative instruments in statement of financial position, fair value |
|  | Derivatives Fair Values as of |
|  | September 30, 2024 |  |  | March 31, 2024 |
|  | (Unaudited) |
|  | (In thousands) |
Equity market contracts as economic hedging instruments: |  |  |  |  |  |
Assets |  | $ | 8,210 |  |  | $ | 10,538 |
Notional amount |  | $ | 530,236 |  |  | $ | 526,449 |
Although the call options are employed to be effective hedges against our policyholder obligations from an economic standpoint, they do not meet the requirements for hedge accounting under GAAP. Accordingly, the changes in fair value of the call options are recognized each reporting date as a component of net investment and interest income. The change in fair value of the call options include the gains or losses recognized at the expiration of the option term and the changes in fair value for open contracts.

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