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Investments (Tables) | 12 Months Ended
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Dec. 31, 2024
Investments Including Short Term And Cash And Cash Equivalents [Abstract] |
Investments Including Short Term And Cash And Cash Equivalents [Table Text Block] |
Carrying Value as of December 31, (In thousands, except for %) | 2024 |  | % |  | 2023 |  | %
Cash and invested assets: |  |  |  |  |  |  |
Fixed maturity securities | $ | 1,220,961 |  |  | 86.0 | % |  | $ | 1,238,981 |  |  | 86.7 | %
Equity securities | 5,447 |  |  | 0.4 |  |  | 5,282 |  |  | 0.4 |
Policy loans | 71,216 |  |  | 5.0 |  |  | 75,359 |  |  | 5.3 |
Other long-term investments | 93,604 |  |  | 6.6 |  |  | 82,725 |  |  | 5.8 |
Cash and cash equivalents | 29,271 |  |  | 2.0 |  |  | 26,997 |  |  | 1.8 |
Total cash and invested assets | $ | 1,420,499 |  |  | 100.0 | % |  | $ | 1,429,344 |  |  | 100.0 | %
Debt Securities, Unrealized Gain (Loss) on Investments [Abstract] |
Unrealized Gain (Loss) on Investments [Table Text Block] | The following tables represents the amortized cost, gross unrealized gains and losses and fair value of fixed maturity securities as of the dates indicated.
December 31, 2024 (In thousands) | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
Fixed maturity securities: |  |  |  |  |  |  |
U.S. Treasury securities | $ | 5,939 |  |  | 85 |  |  | 115 |  |  | 5,909 |
U.S. Government-sponsored enterprises | 3,152 |  |  | 152 |  |  | — |  |  | 3,304 |
States and political subdivisions | 300,757 |  |  | 1,087 |  |  | 33,542 |  |  | 268,302 |
Corporate: |  |  |  |  |  |  |
Financial | 272,925 |  |  | 1,593 |  |  | 33,285 |  |  | 241,233 |
Consumer | 263,242 |  |  | 899 |  |  | 45,955 |  |  | 218,186 |
Utilities | 126,361 |  |  | 220 |  |  | 22,770 |  |  | 103,811 |
Energy | 79,247 |  |  | 40 |  |  | 9,959 |  |  | 69,328 |
Communications | 70,896 |  |  | 111 |  |  | 9,910 |  |  | 61,097 |
All other | 117,387 |  |  | 315 |  |  | 16,368 |  |  | 101,334 |
Commercial mortgage-backed | 315 |  |  | 1 |  |  | 5 |  |  | 311 |
Residential mortgage-backed | 106,661 |  |  | 7 |  |  | 13,026 |  |  | 93,642 |
Asset-backed | 54,419 |  |  | 891 |  |  | 806 |  |  | 54,504 |
Total fixed maturity securities | $ | 1,401,301 |  |  | 5,401 |  |  | 185,741 |  |  | 1,220,961 |
December 31, 2023 (In thousands) | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
Fixed maturity securities: |  |  |  |  |  |  |
U.S. Treasury securities | $ | 5,983 |  |  | 127 |  |  | 48 |  |  | 6,062 |
U.S. Government-sponsored enterprises | 3,404 |  |  | 250 |  |  | 1 |  |  | 3,653 |
States and political subdivisions | 314,203 |  |  | 2,160 |  |  | 29,132 |  |  | 287,231 |
Corporate: |  |  |  |  |  |  |
Financial | 266,485 |  |  | 2,066 |  |  | 31,255 |  |  | 237,296 |
Consumer | 250,672 |  |  | 2,145 |  |  | 37,094 |  |  | 215,723 |
Utilities | 123,625 |  |  | 615 |  |  | 20,253 |  |  | 103,987 |
Energy | 73,808 |  |  | 64 |  |  | 8,049 |  |  | 65,823 |
Communications | 74,029 |  |  | 309 |  |  | 8,892 |  |  | 65,446 |
All other | 111,124 |  |  | 647 |  |  | 12,439 |  |  | 99,332 |
Commercial mortgage-backed | 171 |  |  | — |  |  | — |  |  | 171 |
Residential mortgage-backed | 107,174 |  |  | 9 |  |  | 10,060 |  |  | 97,123 |
Asset-backed | 58,360 |  |  | 290 |  |  | 1,516 |  |  | 57,134 |
Total fixed maturity securities | $ | 1,389,038 |  |  | 8,682 |  |  | 158,739 |  |  | 1,238,981 |
Schedule of Equity Securities [Table Text Block] | The Company's investments in equity securities are shown below.
Fair Value as of December 31, (In thousands) | 2024 |  | 2023
Equity securities: |  |  |
Bond mutual funds | $ | 739 |  |  | 740 |
Common stock | 810 |  |  | 665 |
Non-redeemable preferred stock | 7 |  |  | 7 |
Non-redeemable preferred stock fund | 3,891 |  |  | 3,870 |
Total equity securities | $ | 5,447 |  |  | 5,282 |
Unrealized Continuous Losses on Investments [Abstract] |
Schedule of Unrealized Loss on Investments [Table Text Block] | For fixed maturity security investments that have unrealized losses as of December 31, 2024 and 2023, the gross unrealized losses and related fair values that have been in a continuous unrealized loss position by timeframe are as follows.
December 31, 2024 | 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: |  |  |  |  |  |  |  |
U.S. Treasury securities | $ | 835 |  | 51 |  | 3 |  | 435 |  | 64 |  | 5 |  | 1,270 |  | 115 |  | 8 |
States and political subdivisions | 42,583 |  | 1,484 |  | 63 |  | 147,534 |  | 32,058 |  | 177 |  | 190,117 |  | 33,542 |  | 240 |
Corporate: |  |  |  |  |  |  |  |  |
Financial | 29,258 |  | 756 |  | 53 |  | 154,448 |  | 32,529 |  | 192 |  | 183,706 |  | 33,285 |  | 245 |
Consumer | 37,231 |  | 2,053 |  | 57 |  | 161,795 |  | 43,902 |  | 216 |  | 199,026 |  | 45,955 |  | 273 |
Utilities | 16,750 |  | 687 |  | 47 |  | 79,488 |  | 22,083 |  | 142 |  | 96,238 |  | 22,770 |  | 189 |
Energy | 11,654 |  | 438 |  | 29 |  | 52,537 |  | 9,521 |  | 65 |  | 64,191 |  | 9,959 |  | 94 |
Communications | 9,973 |  | 250 |  | 11 |  | 48,462 |  | 9,660 |  | 60 |  | 58,435 |  | 9,910 |  | 71 |
All Other | 25,208 |  | 1,237 |  | 38 |  | 68,756 |  | 15,131 |  | 87 |  | 93,964 |  | 16,368 |  | 125 |
Commercial mortgage-backed | 100 |  | — |  | 1 |  | 89 |  | 5 |  | 1 |  | 189 |  | 5 |  | 2 |
Residential mortgage-backed | 160 |  | 2 |  | 11 |  | 93,231 |  | 13,024 |  | 84 |  | 93,391 |  | 13,026 |  | 95 |
Asset-backed | 10,330 |  | 243 |  | 14 |  | 14,741 |  | 563 |  | 16 |  | 25,071 |  | 806 |  | 30 |
Total fixed maturity securities | $ | 184,082 |  | 7,201 |  | 327 |  | 821,516 |  | 178,540 |  | 1,045 |  | 1,005,598 |  | 185,741 |  | 1,372 |
December 31, 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: |  |  |  |  |  |  |  |
U.S. Treasury securities | $ | 1,203 |  | 40 |  | 5 |  | 65 |  | 8 |  | 2 |  | 1,268 |  | 48 |  | 7 |
U.S. Government-sponsored enterprises | 221 |  | 1 |  | 1 |  | — |  | — |  | — |  | 221 |  | 1 |  | 1 |
States and political subdivisions | 19,540 |  | 357 |  | 35 |  | 164,264 |  | 28,775 |  | 192 |  | 183,804 |  | 29,132 |  | 227 |
Corporate: |  |  |  |  |  |  |  |  |
Financial | 12,584 |  | 383 |  | 19 |  | 176,521 |  | 30,872 |  | 217 |  | 189,105 |  | 31,255 |  | 236 |
Consumer | 10,175 |  | 265 |  | 16 |  | 176,725 |  | 36,829 |  | 223 |  | 186,900 |  | 37,094 |  | 239 |
Utilities | 3,596 |  | 66 |  | 20 |  | 85,169 |  | 20,187 |  | 137 |  | 88,765 |  | 20,253 |  | 157 |
Energy | 3,291 |  | 57 |  | 1 |  | 59,392 |  | 7,992 |  | 76 |  | 62,683 |  | 8,049 |  | 77 |
Communications | 5,784 |  | 153 |  | 5 |  | 56,108 |  | 8,739 |  | 69 |  | 61,892 |  | 8,892 |  | 74 |
All Other | 2,080 |  | 32 |  | 5 |  | 85,757 |  | 12,407 |  | 100 |  | 87,837 |  | 12,439 |  | 105 |
Residential mortgage-backed | 849 |  | 38 |  | 5 |  | 95,806 |  | 10,022 |  | 86 |  | 96,655 |  | 10,060 |  | 91 |
Asset-backed | 4,757 |  | 111 |  | 8 |  | 32,764 |  | 1,405 |  | 40 |  | 37,521 |  | 1,516 |  | 48 |
Total fixed maturity securities | $ | 64,080 |  | 1,503 |  | 120 |  | 932,571 |  | 157,236 |  | 1,142 |  | 996,651 |  | 158,739 |  | 1,262 |
Schedule of Fixed Maturities [Abstract] |
Investments Classified by Contractual Maturity Date [Table Text Block] | The amortized cost and fair value of fixed maturity securities at December 31, 2024 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.
(In thousands) | Amortized Cost |  | Fair Value
Fixed maturity securities: |  |  |
Due in one year or less | $ | 20,091 |  |  | 19,999 |
Due after one year through five years | 141,692 |  |  | 140,359 |
Due after five years through ten years | 252,359 |  |  | 244,946 |
Due after ten years | 987,159 |  |  | 815,657 |
Total fixed maturity securities | $ | 1,401,301 |  |  | 1,220,961 |
Debt and Equity Securities, Realized Gain (Loss) [Abstract] |
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.
Years ended December 31, (In thousands) | 2024 |  | 2023 |  |
Fixed maturity securities: |  |  |  |  |
Proceeds | $ | 15,161 |  |  | 29,883 |  |  |
Gross realized gains | $ | 131 |  |  | 53 |  |  |
Gross realized losses | $ | 225 |  |  | 602 |  |  |
Investment Income [Table Text Block] | Major categories of net investment income are summarized as follows:
Years ended December 31, (In thousands) | 2024 |  | 2023 |  |
Gross investment income: |  |  |  |  |
Fixed maturity securities | $ | 60,940 |  |  | 60,127 |  |  |
Equity securities | 302 |  |  | 630 |  |  |
Policy loans | 5,597 |  |  | 6,011 |  |  |
Other long-term investments | 4,846 |  |  | 4,509 |  |  |
Other | 834 |  |  | 576 |  |  |
Total investment income | 72,519 |  |  | 71,853 |  |  |
Investment expenses | (2,807) |  |  | (2,599) |  |  |
Net investment income | $ | 69,712 |  |  | 69,254 |  |  |
Realized Gain (Loss) on Investments [Table Text Block] | Investment related gains and losses are as follows:
Years ended December 31, (In thousands) | 2024 |  | 2023 |  |
Investment related gains (losses): |  |  |  |  |
Sales, calls and maturities: |  |  |  |  |
Fixed maturity securities | $ | (699) |  |  | (756) |  |  |
Equity securities | — |  |  | 513 |  |  |
Other long-term investments | (788) |  |  | 342 |  |  |
Investment related gains (losses) | (1,487) |  |  | 99 |  |  |
Change in fair value of equity securities | 164 |  |  | (190) |  |  |
Change in fair value of limited partnerships | (969) |  |  | 912 |  |  |
Change in credit loss allowance | (334) |  |  | (61) |  |  |
Net investment related gains (losses) | $ | (2,626) |  |  | 760 |  |  |

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