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Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2020

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Summarized Information on Location and Gross Amount of Derivatives on Consolidated Balance Sheets

The following table summarizes information on the location and the gross amount of the derivatives on the consolidated balance sheets as of September 30, 2020 and December 31, 2019:

(Dollars in thousands)				September 30, 2020								December 31, 2019
Derivatives Not Designated as Hedging Instruments under ASC 815		Balance Sheet Location		Notional Amount				Fair Value				Notional Amount				Fair Value
Interest rate swap agreements		Other assets/liabilities		$	200,000			$	(17,931	)		$	200,000			$	(10,275	)
Futures contracts on bonds (1)		Other assets/liabilities			30,418				—				16,894				—
Futures contracts on equities (1)		Other assets/liabilities			—				—				57,816				—
Total				$	230,418			$	(17,931	)		$	274,710			$	(10,275	)

(1) Futures are settled daily such that their fair value is not reflected in the consolidated statements of financial position

Summary of Net Gain (Loss) Included in Consolidated Statements of Operations for Changes in Fair Value of Derivatives and Periodic Net Interest Settlements Under Derivatives

The following table summarizes the net gains (losses) included in the consolidated statements of operations for changes in the fair value of the derivatives and the periodic net interest settlements under the derivatives for the quarters and nine months ended September 30, 2020  and 2019:

				Quarters Ended September 30,								Nine Months Ended September 30,
(Dollars in thousands)		Consolidated Statements of Operations Line		2020				2019				2020				2019
Interest rate swap agreements		Net realized investment gains (losses)		$	45			$	(1,831	)		$	(10,827	)		$	(9,064	)
Futures contracts on bonds		Net realized investment gains (losses)			115				15				(2,343	)			15
Futures contracts on equities		Net realized investment gains (losses)			—				(355	)			(8,989	)			(355	)
Total				$	160			$	(2,171	)		$	(22,159	)		$	(9,404	)

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- References

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- Definition

Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624181-113959

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5618551-113959

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959

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- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959

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