| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of September 30, 2025 |
|
Total |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
|
(Unaudited) |
|
Assets |
|
(In thousands) |
|
Fixed maturities - available for sale |
|
$ |
2,494,429 |
|
|
$ |
— |
|
|
$ |
2,494,429 |
|
|
$ |
— |
|
Preferred stock |
|
|
15,683 |
|
|
|
15,683 |
|
|
|
— |
|
|
|
— |
|
Common stock |
|
|
47,289 |
|
|
|
47,289 |
|
|
|
— |
|
|
|
— |
|
Derivatives |
|
|
10,304 |
|
|
|
7,657 |
|
|
|
2,647 |
|
|
|
— |
|
Total |
|
$ |
2,567,705 |
|
|
$ |
70,629 |
|
|
$ |
2,497,076 |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
Derivatives |
|
$ |
436 |
|
|
$ |
— |
|
|
$ |
436 |
|
|
$ |
— |
|
Embedded derivatives |
|
|
8,593 |
|
|
|
— |
|
|
|
— |
|
|
|
8,593 |
|
Market risk benefits |
|
|
12,220 |
|
|
|
— |
|
|
|
— |
|
|
|
12,220 |
|
Total |
|
$ |
21,249 |
|
|
$ |
— |
|
|
$ |
436 |
|
|
$ |
20,813 |
|
|
| Financial Instruments, Carrying and Estimated fair values |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Hierarchy |
|
|
|
Carrying |
|
|
|
|
|
|
|
|
|
|
|
Total |
|
As of September 30, 2025 |
|
Value |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Fair Value |
|
|
|
(Unaudited) |
|
Assets |
|
(In thousands) |
|
Trade receivables, net |
|
$ |
142,292 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
142,292 |
|
|
$ |
142,292 |
|
Mortgage loans, net |
|
|
659,736 |
|
|
|
— |
|
|
|
— |
|
|
|
656,403 |
|
|
|
656,403 |
|
Policy loans |
|
|
12,079 |
|
|
|
— |
|
|
|
— |
|
|
|
12,079 |
|
|
|
12,079 |
|
Total |
|
$ |
814,107 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
810,774 |
|
|
$ |
810,774 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes, loans and finance leases payable |
|
$ |
7,732,505 |
|
|
$ |
— |
|
|
$ |
7,201,046 |
|
|
$ |
— |
|
|
$ |
7,201,046 |
|
Liabilities from investment contracts |
|
|
2,510,010 |
|
|
|
— |
|
|
|
— |
|
|
|
2,461,369 |
|
|
|
2,461,369 |
|
Total |
|
$ |
10,242,515 |
|
|
$ |
— |
|
|
$ |
7,201,046 |
|
|
$ |
2,461,369 |
|
|
$ |
9,662,415 |
|
|