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Investments (Tables)

6 Months Ended

Jun. 30, 2025

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 as shown below.


Carrying Value (In thousands, except for %)	June 30, 2025				December 31, 2024
	Amount		%		Amount	%

Cash and invested assets:
Fixed maturity securities	$	1,242,271	86.5	%	1,220,961	86.0	%
Equity securities	5,478		0.4		5,447	0.4
Policy loans	69,648		4.8		71,216	5.0
Other long-term investments	96,424		6.7		93,604	6.6

Cash and cash equivalents	22,671		1.6		29,271	2.0

Total cash and invested assets	$	1,436,492	100.0	%	1,420,499	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, 2025
(In thousands)

Fixed maturity securities:
U.S. Treasury securities	$	5,916	91	101	5,906
U.S. Government-sponsored enterprises	3,137		230	—	3,367
States and political subdivisions	301,135		1,312	31,098	271,349
Corporate:
Financial	268,869		2,924	29,506	242,287
Consumer	260,529		1,394	42,932	218,991
Utilities	127,904		458	21,479	106,883
Energy	80,167		156	9,141	71,182
Communications	66,572		235	8,488	58,319
All other	130,035		1,032	16,951	114,116
Commercial mortgage-backed	310		4	3	311
Residential mortgage-backed	105,617		6	9,787	95,836
Asset-backed	53,591		889	756	53,724

Total fixed maturity securities	$	1,403,782	8,731	170,242	1,242,271


	Amortized Cost		Gross Unrealized Gains	Gross Unrealized Losses	Fair Value
December 31, 2024
(In thousands)

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

Equity Securities, Restricted

Schedule of Equity Securities [Table Text Block]

The Company's investments in equity securities are shown below.


Fair Value (In thousands)	June 30, 2025		December 31, 2024

Equity securities:

Bond mutual funds	$	742	739
Common stocks	973		810
Non-redeemable preferred stock	7		7
Non-redeemable preferred stock fund	3,756		3,891
Total equity securities	$	5,478	5,447

Unrealized Continuous Losses on Investments [Abstract]

Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value

For fixed maturity security investments that have unrealized losses as of June 30, 2025 and December 31, 2024, the gross unrealized losses and related fair values that have been in a continuous unrealized loss position by timeframe are as follows.


June 30, 2025	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	$	850	38	3	437	63	5	1,287	101	8

States and political subdivisions	27,435		959	43	149,245	30,139	178	176,680	31,098	221
Corporate:
Financial	18,395		376	22	150,166	29,130	188	168,561	29,506	210
Consumer	34,176		1,626	40	156,503	41,306	213	190,679	42,932	253
Utilities	12,326		469	35	80,571	21,010	144	92,897	21,479	179
Energy	11,520		357	27	51,619	8,784	62	63,139	9,141	89
Communications	2,995		98	6	45,995	8,390	58	48,990	8,488	64
All Other	19,993		661	34	70,856	16,290	89	90,849	16,951	123
Commercial mortgage-backed	—		—	—	86	3	1	86	3	1
Residential mortgage-backed	58		1	2	95,514	9,786	83	95,572	9,787	85
Asset-backed	6,519		270	10	14,338	486	15	20,857	756	25

Total fixed maturity securities	$	134,267	4,855	222	815,330	165,387	1,036	949,597	170,242	1,258


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

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)	2025		2024	2025	2024
Fixed maturity securities, available-for-sale:
Proceeds	$	14,504	2,151	14,569	4,659
Gross realized gains	$	91	90	92	91
Gross realized losses	$	438	147	442	196

During the first quarter of 2025, real estate, formerly utilized as district offices in our Home Service Insurance segment in Baton Rouge and Bogalusa, Louisiana, was reclassified from net property, plant and equipment to real estate held-for-sale and is included in other long-term investments on the consolidated balance sheets. These investments are listed at carrying value and are no longer being depreciated.

During the three months ended June 30, 2025, the Company accepted a tender offer by Discovery Communications, Inc. after considering the outlook of the issuer. As a result, the Company recognized a realized loss of $0.4 million, which is recorded a net realized investment loss for the period.

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, 2025 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, 2025	Amortized Cost		Fair Value
(In thousands)
Fixed maturity securities:
Due in one year or less	$	21,110	21,118
Due after one year through five years	140,153		140,533
Due after five years through ten years	268,987		267,875
Due after ten years	973,532		812,745
Total fixed maturity securities	$	1,403,782	1,242,271