XML 53 R45.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Fair Value Measurements (Table Text Block) | 9 Months Ended
--- | ---
Dec. 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 December 31, 2024 |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
|  | (Unaudited) |
Assets |  | (In thousands) |
Fixed maturities - available for sale |  | $ | 2,617,126 |  |  | $ | — |  |  | $ | 2,617,126 |  |  | $ | — |
Preferred stock |  |  | 22,871 |  |  |  | 22,871 |  |  |  | — |  |  |  | — |
Common stock |  |  | 44,796 |  |  |  | 44,796 |  |  |  | — |  |  |  | — |
Derivatives |  |  | 14,631 |  |  |  | 8,333 |  |  |  | 6,298 |  |  |  | — |
Total |  | $ | 2,699,424 |  |  | $ | 76,000 |  |  | $ | 2,623,424 |  |  | $ | — |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Derivatives |  | $ | 713 |  |  | $ | — |  |  | $ | 713 |  |  | $ | — |
Embedded derivatives |  |  | 8,912 |  |  |  | — |  |  |  | — |  |  |  | 8,912 |
Liabilities from investment contracts |  |  | 2,495,885 |  |  |  | — |  |  |  | — |  |  |  | 2,495,885 |
Market risk benefits |  |  | 13,428 |  |  |  | — |  |  |  | — |  |  |  | 13,428 |
Total |  | $ | 2,518,938 |  |  | $ | — |  |  | $ | 713 |  |  | $ | 2,518,225 |
As of March 31, 2024 |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
|  | (Unaudited) |
Assets |  | (In thousands) |
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 |
Liabilities from investment contracts |  |  | 2,290,096 |  |  |  | — |  |  |  | — |  |  |  | 2,290,096 |
Market risk benefits |  |  | 13,400 |  |  |  | — |  |  |  | — |  |  |  | 13,400 |
Total |  | $ | 2,312,796 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,312,796 |
Financial Instruments, Carrying and Estimated fair values |
|  | Fair Value Hierarchy |
|  | Carrying |  |  |  |  |  |  |  |  |  |  |  | Total |
As of December 31, 2024 |  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Fair Value |
|  | (Unaudited) |
Assets |  | (In thousands) |
Trade receivables, net |  | $ | 144,547 |  |  | $ | — |  |  | $ | — |  |  | $ | 144,547 |  |  | $ | 144,547 |
Mortgage loans, net |  |  | 604,615 |  |  |  | — |  |  |  | — |  |  |  | 577,381 |  |  |  | 577,381 |
Other investments |  |  | 12,682 |  |  |  | — |  |  |  | — |  |  |  | 12,682 |  |  |  | 12,682 |
Total |  | $ | 761,844 |  |  | $ | — |  |  | $ | — |  |  | $ | 734,610 |  |  | $ | 734,610 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Notes, loans and finance leases payable |  | $ | 6,929,591 |  |  | $ | — |  |  | $ | 6,444,590 |  |  | $ | — |  |  | $ | 6,444,590 |
Total |  | $ | 6,929,591 |  |  | $ | — |  |  | $ | 6,444,590 |  |  | $ | — |  |  | $ | 6,444,590 |
|  | Fair Value Hierarchy |
|  | Carrying |  |  |  |  |  |  |  |  |  |  |  | Total |
As of March 31, 2024 |  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Fair Value |
|  | (Unaudited) |
Assets |  | (In thousands) |
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 |
Total |  | $ | 6,304,038 |  |  | $ | — |  |  | $ | 5,850,346 |  |  | $ | — |  |  | $ | 5,850,346 |

X
- References No definition available. + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financial instrument measured at fair value on recurring or nonrecurring basis. Includes, but is not limited to, instrument classified in shareholders' equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 100 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-100 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration