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Policy Benefits and Losses, Claims and Loss Expenses Payable (Table Text Block) | 6 Months Ended
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Sep. 30, 2025
Insurance [Abstract] |
Present Value Expected Net Premiums and Expected Future Policy Benefits | The following tables summarize balances and changes in the liability for future policy benefits for life insurance contracts and a reconciliation to policy benefits and losses, claims and loss expense payable.
|  | Six months ended September 30, |
|  | 2025 |  |  | 2024 |
|  | (Unaudited) |
|  | (In thousands) |
Present value of expected net premiums |  |  |  |  |  |
Balance, beginning of year |  | $ | 182,658 |  |  | $ | 205,389 |
Beginning balance at original discount rate |  | $ | 185,508 |  |  | $ | 204,306 |
Effect of changes in cash flow assumptions |  |  | (2,922 | ) |  |  | — |
Effect of actual variances from expected experience |  |  | (1,044 | ) |  |  | (715 | )
Adjusted beginning of year balance |  | $ | 181,542 |  |  | $ | 203,591 |
Issuances |  |  | 2,410 |  |  |  | 4,780 |
Interest accrual |  |  | 4,403 |  |  |  | 4,998 |
Net premium collected |  |  | (16,776 | ) |  |  | (18,397 | )
Other |  |  | — |  |  |  | — |
Ending balance at original discount rate |  | $ | 171,579 |  |  | $ | 194,972 |
Effect of changes in discount rate assumptions (AOCI) |  |  | 298 |  |  |  | (4,091 | )
Balance, end of period |  | $ | 171,877 |  |  | $ | 190,881 |
Present value of expected future policy benefits |  |  |  |  |  |
Balance, beginning of year |  | $ | 482,805 |  |  | $ | 522,122 |
Beginning balance at original discount rate |  | $ | 490,975 |  |  | $ | 514,113 |
Effect of changes in cash flow assumptions |  |  | (3,887 | ) |  |  | — |
Effect of actual variances from expected experiences |  |  | (731 | ) |  |  | (1,393 | )
Adjusted beginning of year balance |  | $ | 486,357 |  |  | $ | 512,720 |
Issuances |  |  | 2,410 |  |  |  | 4,780 |
Interest accrual |  |  | 11,797 |  |  |  | 12,587 |
Benefit payments |  |  | (30,450 | ) |  |  | (26,560 | )
Other |  |  | — |  |  |  | — |
Ending balance at original discount rate |  | $ | 470,114 |  |  | $ | 503,527 |
Effect of changes in discount rate assumptions (AOCI) |  |  | 1,269 |  |  |  | (10,313 | )
Balance, end of period |  | $ | 471,383 |  |  | $ | 493,214 |
End of period, LFPB net |  |  | 299,511 |  |  |  | 302,332 |
Payout annuities and market risk benefits |  |  | 22,818 |  |  |  | 24,448 |
Health insurance |  |  | 10,179 |  |  |  | 17,238 |
Life and annuity claims in course of settlement and claims incurred but not yet reported / Reinsurance losses payable |  |  | 28,229 |  |  |  | 28,952 |
Life DPL / Other life and health |  |  | 8,214 |  |  |  | 9,553 |
LFPB flooring effect |  |  | — |  |  |  | 176 |
Life Insurance end of period balance |  | $ | 368,951 |  |  | $ | 382,699 |
Moving and Storage balance |  |  | 404,844 |  |  |  | 318,669 |
Property and Casualty Insurance balance |  |  | 126,507 |  |  |  | 132,264 |
Policy benefits and losses, claims and loss expenses balance, end of period |  | $ | 900,302 |  |  | $ | 833,632 |
|  | Six months ended September 30, |  |
|  | 2025 |  |  | 2024 |  |
| (Unaudited) |  |
|  | (In thousands, except for percentages and weighted average information) |  |
Expected gross premiums |  |  |  |  |  |  |
Undiscounted balance |  | $ | 319,669 |  |  | $ | 350,890 |  |
Discounted balance at original discount rate |  | $ | 247,543 |  |  | $ | 272,992 |  |
Discounted balance at current discount rate |  | $ | 248,018 |  |  | $ | 266,964 |  |
Expected policy benefits |  |  |  |  |  |  |
Undiscounted balance |  | $ | 675,928 |  |  | $ | 723,862 |  |
Discounted balance at original discount rate |  | $ | 470,113 |  |  | $ | 503,526 |  |
Discounted balance at current discount rate |  | $ | 471,382 |  |  | $ | 493,213 |  |
Mortality, lapses and morbidity |  |  |  |  |  |  |
Mortality actual experience |  |  | 7.15 |  | % |  | 5.06 |  | %
Mortality expected experience |  |  | 6.67 |  | % |  | 5.44 |  | %
Lapses actual experience |  |  | 2.31 |  | % |  | 1.90 |  | %
Lapses expected experience |  |  | 3.12 |  | % |  | 2.73 |  | %
Premiums and interest expense |  |  |  |  |  |  |
Gross premiums (1) |  | $ | 23,444 |  |  | $ | 25,043 |  |
Interest expense (2) |  | $ | 7,394 |  |  | $ | 7,589 |  |
Expected duration (persistency) of policies in-force (years) |  |  | 6.7 |  |  |  | 6.8 |  |
Weighted average original interest rate of the liability for future policy benefits |  |  | 4.91 |  | % |  | 4.97 |  | %
Weighted average current interest rate of the liability for future policy benefits |  |  | 4.37 |  | % |  | 5.13 |  | %
Balance Changes Liabilities Investment Contracts | The following tables present the balances and changes in liabilities from investment contracts account balances:
|  | Six Months Ended September 30, 2025 |
|  | (Unaudited) |
|  | (In thousands, except for the average credited rate) |
Policyholder contract deposits account balance |  |  |
Beginning of year |  | $ | 2,511,422 |
Deposits received |  |  | 181,834 |
Surrenders and withdrawals |  |  | (205,014 | )
Benefit payments |  |  | (17,448 | )
Interest credited |  |  | 47,809 |
Other |  |  | — |
End of period |  | $ | 2,518,603 |
Weighted average credited rate |  |  | 3.80 |
Cash surrender value |  | $ | 2,210,645 |
|  | Six Months Ended September 30, 2024 |
|  | (Unaudited) |
|  | (In thousands, except for the average credited rate) |
Policyholder contract deposits account balance |  |  |
Beginning of year |  | $ | 2,411,352 |
Deposits received |  |  | 226,771 |
Surrenders and withdrawals |  |  | (164,919 | )
Benefit payments |  |  | (19,625 | )
Interest credited |  |  | 37,584 |
Other |  |  | 5,868 |
End of period |  | $ | 2,497,031 |
Weighted average credited rate |  |  | 3.29 |
Cash surrender value |  | $ | 2,172,013 |

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