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v3.25.1

Fair Value Measurements (Table Text Block) | 12 Months Ended
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Mar. 31, 2025 | Mar. 31, 2024
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 March 31, 2025 |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
|  | (In thousands) |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Fixed maturities - available for sale | $ |  | 2,479,498 |  | $ |  | — |  | $ |  | 2,479,498 |  | $ |  | — |
Preferred stock |  |  | 22,136 |  |  |  | 22,136 |  |  |  | — |  |  |  | — |
Common stock |  |  | 43,413 |  |  |  | 43,413 |  |  |  | — |  |  |  | — |
Derivatives |  |  | 13,200 |  |  |  | 8,819 |  |  |  | 4,381 |  |  |  | — |
Total | $ |  | 2,558,247 |  | $ |  | 74,368 |  | $ |  | 2,483,879 |  | $ |  | — |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Derivatives | $ |  | 777 |  | $ |  | — |  | $ |  | 777 |  | $ |  | — |
Embedded derivatives |  |  | 8,693 |  |  |  | — |  |  |  | — |  |  |  | 8,693 |
Market risk benefits |  |  | 13,432 |  |  |  | — |  |  |  | — |  |  |  | 13,432 |
Total | $ |  | 22,902 |  | $ |  | — |  | $ |  | 777 |  | $ |  | 22,125 |
As of March 31, 2024 |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
|  | (In thousands) |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Fixed maturities - available for sale | $ |  | 2,442,504 |  | $ |  | — |  | $ |  | 2,442,446 |  | $ |  | 58 |
Preferred stock |  |  | 21,260 |  |  |  | 21,260 |  |  |  | — |  |  |  | — |
Common stock |  |  | 45,014 |  |  |  | 45,014 |  |  |  | — |  |  |  | — |
Derivatives |  |  | 18,930 |  |  |  | 10,538 |  |  |  | 8,392 |  |  |  | — |
Total | $ |  | 2,527,708 |  | $ |  | 76,812 |  | $ |  | 2,450,838 |  | $ |  | 58 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Embedded derivatives |  | $ | 9,300 |  |  | $ | — |  |  | $ | — |  |  | $ | 9,300 |
Market risk benefits |  |  | 13,400 |  |  |  | — |  |  |  | — |  |  |  | 13,400 |
Total |  | $ | 22,700 |  |  | $ | — |  |  | $ | — |  |  | $ | 22,700 |
Financial Instruments, Carrying and Estimated fair values |
|  | Fair Value Hierarchy |
|  | Carrying |  |  |  |  |  |  |  |  |  |  |  | Total |
As of March 31, 2025 |  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Fair Value |
|  | (In thousands) |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade receivables, net | $ |  | 195,710 |  | $ |  | — |  | $ |  | — |  | $ |  | 195,710 |  | $ |  | 195,710 |
Mortgage loans, net |  |  | 657,567 |  |  |  | — |  |  |  | — |  |  |  | 639,162 |  |  |  | 639,162 |
Other investments |  |  | 11,868 |  |  |  | — |  |  |  | — |  |  |  | 11,868 |  |  |  | 11,868 |
Total | $ |  | 865,145 |  | $ |  | — |  | $ |  | — |  | $ |  | 846,740 |  | $ |  | 846,740 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Notes, loans and finance leases payable | $ |  | 7,229,341 |  | $ |  | — |  | $ |  | 6,703,510 |  | $ |  | — |  | $ |  | 6,703,510 |
Liabilities from investment contracts |  |  | 2,502,729 |  |  |  | — |  |  |  | — |  |  |  | 2,436,537 |  |  |  | 2,436,537 |
Total | $ |  | 9,732,070 |  | $ |  | — |  | $ |  | 6,703,510 |  | $ |  | 2,436,537 |  | $ |  | 9,140,047 |
|  | Fair Value Hierarchy |
As of March 31, 2024 |  | Carrying Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total Estimated Fair Value |
|  | (In thousands) |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade receivables, net | $ |  | 177,602 |  | $ |  | — |  | $ |  | — |  | $ |  | 177,602 |  | $ |  | 177,602 |
Mortgage loans, net |  |  | 604,481 |  |  |  | — |  |  |  | — |  |  |  | 579,767 |  |  |  | 579,767 |
Other investments |  |  | 18,917 |  |  |  | — |  |  |  | — |  |  |  | 18,917 |  |  |  | 18,917 |
Total | $ |  | 801,000 |  | $ |  | — |  | $ |  | — |  | $ |  | 776,286 |  | $ |  | 776,286 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Notes, loans and finance leases payable | $ |  | 6,304,038 |  |  |  | — |  | $ |  | 5,850,346 |  | $ |  | — |  | $ |  | 5,850,346 |
Liabilities from investment contracts |  |  | 2,402,052 |  |  |  | — |  |  |  | — |  |  |  | 2,280,796 |  |  |  | 2,280,796 |
Total | $ |  | 8,706,090 |  | $ |  | — |  | $ |  | 5,850,346 |  | $ |  | 2,280,796 |  | $ |  | 8,131,142 |

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