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Investments (Tables) | 6 Months Ended
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Jun. 30, 2023
Investments Including Short Term And Cash And Cash Equivalents [Abstract] |
Investments Including Short Term And Cash And Cash Equivalents [Table Text Block] | The Company invests primarily in fixed maturity securities, which totaled 86.5% of total cash and invested assets at June 30, 2023, as shown below.
Carrying Value (In thousands, except for %) | June 30, 2023 |  | December 31, 2022
Amount |  | % |  | Amount |  | %
Cash and invested assets: |  |  |  |  |  |  |
Fixed maturity securities | $ | 1,206,483 |  |  | 86.5 | % |  | 1,179,619 |  |  | 86.5 | %
Equity securities | 11,710 |  |  | 0.8 |  |  | 11,590 |  |  | 0.8 |
Policy loans | 77,944 |  |  | 5.6 |  |  | 78,773 |  |  | 5.8 |
Other long-term investments | 77,262 |  |  | 5.5 |  |  | 69,558 |  |  | 5.1 |
Short-term investments | 249 |  |  | — |  |  | 1,241 |  |  | 0.1 |
Cash and cash equivalents | 20,914 |  |  | 1.6 |  |  | 22,973 |  |  | 1.7 |
Total cash and invested assets | $ | 1,394,562 |  |  | 100.0 | % |  | 1,363,754 |  |  | 100.0 | %
Debt and Equity Securities, Unrealized Gain (Loss) |
Unrealized Gain (Loss) on Investments [Table Text Block] | The following tables represent the amortized cost, gross unrealized gains and losses and fair value of fixed maturity securities as of the dates indicated.
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
June 30, 2023 |  |  |
(In thousands) |  |  |
Fixed maturity securities: |  |  |  |  |  |  |
Available-for-sale: |  |  |  |  |  |  |
U.S. Treasury securities | $ | 5,710 |  |  | 88 |  |  | 29 |  |  | 5,769 |
U.S. Government-sponsored enterprises | 3,419 |  |  | 268 |  |  | 3 |  |  | 3,684 |
States and political subdivisions | 331,708 |  |  | 1,581 |  |  | 31,482 |  |  | 301,807 |
Corporate: |  |  |  |  |  |  |
Financial | 248,462 |  |  | 408 |  |  | 38,843 |  |  | 210,027 |
Consumer | 249,961 |  |  | 1,184 |  |  | 42,172 |  |  | 208,973 |
Utilities | 119,216 |  |  | 98 |  |  | 22,330 |  |  | 96,984 |
Energy | 76,691 |  |  | 13 |  |  | 10,186 |  |  | 66,518 |
All other | 186,470 |  |  | 572 |  |  | 25,439 |  |  | 161,603 |
Commercial mortgage-backed | 171 |  |  | — |  |  | 4 |  |  | 167 |
Residential mortgage-backed | 110,439 |  |  | 6 |  |  | 10,062 |  |  | 100,383 |
Asset-backed | 52,774 |  |  | 53 |  |  | 2,359 |  |  | 50,468 |
Foreign governments | 100 |  |  | — |  |  | — |  |  | 100 |
Total fixed maturity securities | $ | 1,385,121 |  |  | 4,271 |  |  | 182,909 |  |  | 1,206,483 |
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
December 31, 2022 |  |  |
(In thousands) |  |  |
Fixed maturity securities: |  |  |  |  |  |  |
Available-for-sale: |  |  |  |  |  |  |
U.S. Treasury securities | $ | 9,425 |  |  | 152 |  |  | 9 |  |  | 9,568 |
U.S. Government-sponsored enterprises | 3,434 |  |  | 277 |  |  | 1 |  |  | 3,710 |
States and political subdivisions | 344,208 |  |  | 1,114 |  |  | 37,964 |  |  | 307,358 |
Corporate: |  |  |  |  |  |  |
Financial | 243,758 |  |  | 512 |  |  | 42,383 |  |  | 201,887 |
Consumer | 247,824 |  |  | 758 |  |  | 47,138 |  |  | 201,444 |
Utilities | 115,738 |  |  | 39 |  |  | 23,790 |  |  | 91,987 |
Energy | 76,065 |  |  | — |  |  | 11,395 |  |  | 64,670 |
All other | 184,022 |  |  | 683 |  |  | 29,048 |  |  | 155,657 |
Commercial mortgage-backed | 171 |  |  | — |  |  | 2 |  |  | 169 |
Residential mortgage-backed | 110,582 |  |  | 9 |  |  | 10,765 |  |  | 99,826 |
Asset-backed | 45,991 |  |  | 18 |  |  | 2,767 |  |  | 43,242 |
Foreign governments | 100 |  |  | 1 |  |  | — |  |  | 101 |
Total fixed maturity securities | $ | 1,381,318 |  |  | 3,563 |  |  | 205,262 |  |  | 1,179,619 |
Equity Securities, Restricted |
Schedule of Equity Securities [Table Text Block] | Most of the Company's equity securities are diversified stock and bond mutual funds.
Fair Value (In thousands) | June 30, 2023 |  | December 31, 2022
Equity securities: |  |  |
Stock mutual funds | $ | 2,727 |  |  | 2,615 |
Bond mutual funds | 4,348 |  |  | 4,337 |
Common stock | 790 |  |  | 857 |
Non-redeemable preferred stock | 8 |  |  | 8 |
Non-redeemable preferred stock fund | 3,837 |  |  | 3,773 |
Total equity securities | $ | 11,710 |  |  | 11,590 |
Unrealized Continuous Losses on Investments [Abstract] |
Schedule of Unrealized Loss on Investments [Table Text Block] | The following tables present the fair values and gross unrealized losses of fixed maturity securities that are not deemed to have credit losses, aggregated by investment category and length of time that individual securities have been in a continuous loss position at June 30, 2023 and December 31, 2022.
June 30, 2023 | Less than 12 months | Greater than 12 months | Total
(In thousands, except for # of securities) | Fair Value | Unrealized Losses | # of Securities | Fair Value | Unrealized Losses | # of Securities | Fair Value | Unrealized Losses | # of Securities
Fixed maturity securities: |  |  |  |  |  |  |  |
Available-for-sale securities: |  |  |  |  |  |  |  |  |
U.S. Treasury securities | $ | 740 |  | 20 |  | 3 |  | 65 |  | 9 |  | 2 |  | 805 |  | 29 |  | 5 |
U.S. Government-sponsored enterprises | 220 |  | 3 |  | 1 |  | — |  | — |  | — |  | 220 |  | 3 |  | 1 |
States and political subdivisions | 94,929 |  | 3,360 |  | 121 |  | 112,451 |  | 28,122 |  | 141 |  | 207,380 |  | 31,482 |  | 262 |
Corporate: |  |  |  |  |  |  |  |  |
Financial | 38,326 |  | 1,768 |  | 59 |  | 152,433 |  | 37,075 |  | 195 |  | 190,759 |  | 38,843 |  | 254 |
Consumer | 48,950 |  | 2,896 |  | 57 |  | 139,405 |  | 39,276 |  | 189 |  | 188,355 |  | 42,172 |  | 246 |
Utilities | 16,392 |  | 593 |  | 58 |  | 75,728 |  | 21,737 |  | 121 |  | 92,120 |  | 22,330 |  | 179 |
Energy | 12,636 |  | 426 |  | 17 |  | 53,020 |  | 9,760 |  | 66 |  | 65,656 |  | 10,186 |  | 83 |
All Other | 43,739 |  | 1,959 |  | 55 |  | 108,752 |  | 23,480 |  | 133 |  | 152,491 |  | 25,439 |  | 188 |
Commercial mortgage-backed | 167 |  | 4 |  | 2 |  | — |  | — |  | — |  | 167 |  | 4 |  | 2 |
Residential mortgage-backed | 82,833 |  | 7,194 |  | 78 |  | 17,384 |  | 2,868 |  | 26 |  | 100,217 |  | 10,062 |  | 104 |
Asset-backed | 11,309 |  | 285 |  | 20 |  | 31,365 |  | 2,074 |  | 35 |  | 42,674 |  | 2,359 |  | 55 |
Total fixed maturity securities | $ | 350,241 |  | 18,508 |  | 471 |  | 690,603 |  | 164,401 |  | 908 |  | 1,040,844 |  | 182,909 |  | 1,379 |
December 31, 2022 | Less than 12 months | Greater than 12 months | Total
(In thousands, except for # of securities) | Fair Value | Unrealized Losses | # of Securities | Fair Value | Unrealized Losses | # of Securities | Fair Value | Unrealized Losses | # of Securities
Fixed maturity securities: |  |  |  |  |  |  |  |
Available-for-sale securities: |  |  |  |  |  |  |  |  |
U.S. Treasury securities | $ | — |  | — |  | — |  | 64 |  | 9 |  | 2 |  | 64 |  | 9 |  | 2 |
U.S. Government-sponsored enterprises | 223 |  | 1 |  | 1 |  | — |  | — |  | — |  | 223 |  | 1 |  | 1 |
States and political subdivisions | 189,084 |  | 30,866 |  | 242 |  | 14,184 |  | 7,098 |  | 14 |  | 203,268 |  | 37,964 |  | 256 |
Corporate: |  |  |  |  |  |  |  |  |
Financial | 182,447 |  | 39,122 |  | 237 |  | 6,144 |  | 3,261 |  | 16 |  | 188,591 |  | 42,383 |  | 253 |
Consumer | 164,224 |  | 34,823 |  | 220 |  | 23,417 |  | 12,315 |  | 30 |  | 187,641 |  | 47,138 |  | 250 |
Utilities | 73,483 |  | 15,959 |  | 152 |  | 16,413 |  | 7,831 |  | 18 |  | 89,896 |  | 23,790 |  | 170 |
Energy | 59,053 |  | 9,601 |  | 75 |  | 5,617 |  | 1,794 |  | 8 |  | 64,670 |  | 11,395 |  | 83 |
All Other | 140,955 |  | 25,337 |  | 171 |  | 7,910 |  | 3,711 |  | 15 |  | 148,865 |  | 29,048 |  | 186 |
Commercial mortgage-backed | 168 |  | 2 |  | 2 |  | — |  | — |  | — |  | 168 |  | 2 |  | 2 |
Residential mortgage-backed | 98,758 |  | 10,514 |  | 95 |  | 759 |  | 251 |  | 5 |  | 99,517 |  | 10,765 |  | 100 |
Asset-backed | 37,067 |  | 2,485 |  | 41 |  | 4,264 |  | 282 |  | 9 |  | 41,331 |  | 2,767 |  | 50 |
Total fixed maturity securities | $ | 945,462 |  | 168,710 |  | 1,236 |  | 78,772 |  | 36,552 |  | 117 |  | 1,024,234 |  | 205,262 |  | 1,353 |
Debt and Equity Securities, Realized Gain (Loss) |
Schedule of Realized Gain (Loss) [Table Text Block] | The Company uses the specific identification method of the individual security to determine the cost basis used in the calculation of realized gains and losses related to security sales.
| Three Months Ended |  | Six Months Ended |  |  |  |
| June 30, |  | June 30, |  |  |  |
(In thousands) | 2023 | 2022 |  | 2023 | 2022 |  |  |  |  |  |
Fixed maturity securities, available-for-sale: |  |  |  |  |  |  |  |  |  |
Proceeds | $ | 1,379 |  | 27,728 |  |  | 4,244 |  | 28,828 |  |  |  |  |  |  |
Gross realized gains | $ | — |  | 101 |  |  | 5 |  | 101 |  |  |  |  |  |  |
Gross realized losses | $ | 5 |  | 102 |  |  | 17 |  | 102 |  |  |  |  |  |  |
Schedule of Maturities by Contractual Maturity Date [Abstract] |
Investments Classified by Contractual Maturity Date [Table Text Block] | The amortized cost and fair value of fixed maturity securities at June 30, 2023 by contractual maturity are shown in the table below. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date have been reflected based upon final stated maturity.
June 30, 2023 | Amortized Cost |  | Fair Value
(In thousands) |
Fixed maturity securities: |  |  |
Due in one year or less | $ | 15,095 |  |  | 14,965 |
Due after one year through five years | 125,549 |  |  | 122,715 |
Due after five years through ten years | 263,546 |  |  | 251,588 |
Due after ten years | 980,931 |  |  | 817,215 |
Total fixed maturity securities | $ | 1,385,121 |  |  | 1,206,483 |

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