XML 29 R19.htm IDEA: XBRL DOCUMENT v3.24.1.u1

Note 2 - Investments (Tables)

3 Months Ended

Mar. 31, 2024

Notes Tables

Schedule of Available-for-Sale Securities Reconciliation [Table Text Block]

						Gross				Gross				Allowance
		Amortized				Unrealized				Unrealized				for				Fair
March 31, 2024		Cost or Cost				Gains				Losses				Credit Losses				Value
		(in thousands)
Fixed maturities:
U.S. Governments		$	39,729			$	—			$	(1,387	)		$	—			$	38,342
U.S. States, Territories, and Political Subdivisions			10,632				71				(819	)			—				9,884
Special revenue excluding mortgage/asset-backed securities			32,424				96				(3,415	)			—				29,105
Corporate and other			337,679				1,260				(18,280	)			(904	)			319,755
Mortgage/asset-backed securities			277,041				1,570				(12,705	)			—				265,906
Total available-for-sale investments		$	697,505			$	2,997			$	(36,606	)		$	(904	)		$	662,992

						Gross				Gross				Allowance
		Amortized				Unrealized				Unrealized				for				Fair
December 31, 2023		Cost or Cost				Gains				Losses				Credit Losses				Value
		(in thousands)
Fixed maturities:
U.S. Governments		$	40,836			$	—			$	(1,416	)		$	—			$	39,420
U.S. States, Territories, and Political Subdivisions			10,641				100				(839	)			—				9,902
Special revenue excluding mortgage/asset-backed securities			32,513				147				(3,149	)			—				29,511
Corporate and other			316,590				1,750				(17,197	)			(904	)			300,239
Mortgage/asset-backed securities			274,550				1,879				(11,702	)			—				264,727
Total available-for-sale investments		$	675,130			$	3,876			$	(34,303	)		$	(904	)		$	643,799

Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value [Table Text Block]

		Less Than 12 Months								More Than 12 Months								Total
		Fair				Unrealized				Fair				Unrealized				Fair				Unrealized
March 31, 2024		Value				Losses				Value				Losses				Value				Losses
		(in thousands)
Fixed maturity securities:
U.S. Governments		$	17,385			$	(385	)		$	20,957			$	(1,002	)		$	38,342			$	(1,387	)
U.S. States, Territories, and Political Subdivisions			512				(5	)			6,217				(814	)			6,729				(819	)
Special revenue excluding mortgage/asset-backed securities			—				—				26,380				(3,415	)			26,380				(3,415	)
Corporate and other			41,802				(402	)			212,756				(17,878	)			254,558				(18,280	)
Mortgage/asset-backed securities			44,727				(859	)			107,914				(11,846	)			152,641				(12,705	)
Total available-for-sale investments		$	104,426			$	(1,651	)		$	374,224			$	(34,955	)		$	478,650			$	(36,606	)

		Less Than 12 Months								More Than 12 Months								Total
		Fair				Unrealized				Fair				Unrealized				Fair				Unrealized
December 31, 2023		Value				Losses				Value				Losses				Value				Losses
		(in thousands)
Fixed maturity securities:
U.S. Governments		$	738			$	(1	)		$	38,063			$	(1,415	)		$	38,801			$	(1,416	)
U.S. States, Territories, and Political Subdivisions			—				—				6,196				(839	)			6,196				(839	)
Special revenue excluding mortgage/asset-backed securities			—				—				26,736				(3,149	)			26,736				(3,149	)
Corporate and other			28,872				(480	)			204,034				(16,717	)			232,906				(17,197	)
Mortgage/asset-backed securities			29,334				(245	)			117,016				(11,457	)			146,350				(11,702	)
Total available-for-sale investments		$	58,944			$	(726	)		$	392,045			$	(33,577	)		$	450,989			$	(34,303	)

Investments Classified by Contractual Maturity Date [Table Text Block]

		Amortized				Fair
		Cost				Value
		(in thousands)
Due within one year		$	66,569			$	64,574
Due after one year through five years			176,356				168,722
Due after five years through ten years			134,209				123,931
Due after ten years			43,330				39,859
Mortgage and asset-backed securities			277,041				265,906
		$	697,505			$	662,992

Investment Income [Table Text Block]

		Three Months Ended
		March 31,
		2024				2023
		(in thousands)
Interest income		$	7,326			$	5,060
Dividend income			197				181
Investment expense			(384	)			(121	)
Net investment income		$	7,139			$	5,120

Gain (Loss) on Securities [Table Text Block]

		Three Months Ended
		March 31,
		2024				2023
		(in thousands)
Realized gains:
Gains on sales of fixed maturity securities		$	—			$	28
Total realized gains			—				28
Realized losses:
Losses on sales of fixed maturity securities			(2	)			(3	)
Losses on sales of equity securities			(1,204	)			—
Total realized losses			(1,206	)			(3	)
Net realized investment (losses) gains			(1,206	)			25
Change in allowance for credit losses			—				(659	)
Net unrealized gains (losses) on equity securities			4,229				780
Net unrealized (losses) gains on equity method investment			(21	)			—
Net realized and unrealized gains on investments		$	3,002			$	146

X

- Definition

Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479081/326-30-55-8

Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-6

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479106/326-30-50-4

+ Details

Name:	us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of realized and unrealized gain (loss) on investment in security.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(9)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(7)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

+ Details

Name:	us-gaap_GainLossOnInvestmentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of investment income, including, but not limited to, interest and dividend income and amortization of discount (premium) derived from debt and equity securities. Excludes realized and unrealized gain (loss) on investments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(8))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(7)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(7)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

+ Details

Name:	us-gaap_InvestmentIncomeTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

+ References

No definition available.

+ Details

Name:	us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration