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v3.25.2

Fair Value Measurements (Table Text Block) | 3 Months Ended
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Jun. 30, 2025
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 June 30, 2025 |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
|  | (Unaudited) |
Assets |  | (In thousands) |
Fixed maturities - available for sale |  | $ | 2,521,166 |  |  | $ | — |  |  | $ | 2,521,166 |  |  | $ | — |
Preferred stock |  |  | 21,766 |  |  |  | 21,766 |  |  |  | — |  |  |  | — |
Common stock |  |  | 43,843 |  |  |  | 43,843 |  |  |  | — |  |  |  | — |
Derivatives |  |  | 8,409 |  |  |  | 5,078 |  |  |  | 3,331 |  |  |  | — |
Total |  | $ | 2,595,184 |  |  | $ | 70,687 |  |  | $ | 2,524,497 |  |  | $ | — |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Derivatives |  | $ | 546 |  |  | $ | — |  |  | $ | 546 |  |  | $ | — |
Embedded derivatives |  |  | 6,389 |  |  |  | — |  |  |  | — |  |  |  | 6,389 |
Market risk benefits |  |  | 13,197 |  |  |  | — |  |  |  | — |  |  |  | 13,197 |
Total |  | $ | 20,132 |  |  | $ | — |  |  | $ | 546 |  |  | $ | 19,586 |
As of March 31, 2025 |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
|  | (Unaudited) |
Assets |  | (In thousands) |
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 |
Financial Instruments, Carrying and Estimated fair values |
|  | Fair Value Hierarchy |
|  | Carrying |  |  |  |  |  |  |  |  |  |  |  | Total |
As of June 30, 2025 |  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Fair Value |
|  | (Unaudited) |
Assets |  | (In thousands) |
Trade receivables, net |  | $ | 196,736 |  |  | $ | — |  |  | $ | — |  |  | $ | 196,736 |  |  | $ | 196,736 |
Mortgage loans, net |  |  | 664,551 |  |  |  | — |  |  |  | — |  |  |  | 657,019 |  |  |  | 657,019 |
Other investments |  |  | 12,063 |  |  |  | — |  |  |  | — |  |  |  | 12,063 |  |  |  | 12,063 |
Total |  | $ | 873,350 |  |  | $ | — |  |  | $ | — |  |  | $ | 865,818 |  |  | $ | 865,818 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Notes, loans and finance leases payable |  | $ | 7,285,130 |  |  | $ | — |  |  | $ | 6,739,456 |  |  | $ | — |  |  | $ | 6,739,456 |
Liabilities from investment contracts |  |  | 2,531,459 |  |  |  | — |  |  |  | — |  |  |  | 2,471,703 |  |  |  | 2,471,703 |
Total |  | $ | 9,816,589 |  |  | $ | — |  |  | $ | 6,739,456 |  |  | $ | 2,471,703 |  |  | $ | 9,211,159 |
|  | 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 |

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