Income Taxes (Details) - USD ($) $ in Thousands |
4 Months Ended |
12 Months Ended |
Oct. 31, 2014 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
| Income Tax Examination [Line Items] |
|
|
|
|
| Limit on income tax credit for regular income tax in excess of alternative minimum income tax paid |
|
25.00%
|
|
|
| Federal income tax |
|
$ 733
|
$ 574
|
$ 451
|
| Total outside basis difference |
|
26,000
|
59,000
|
|
| One-time charge to operations |
|
6,300
|
|
|
| Components of income tax expense (benefit) [Abstract] |
|
|
|
|
| Current income tax expense |
|
1,981
|
10,169
|
22,551
|
| Deferred income tax benefit |
|
(8,326)
|
(5,070)
|
(21,806)
|
| Total income tax (benefit) expense |
|
(6,345)
|
5,099
|
745
|
| Income tax (benefit) expense reconciliation [Abstract] |
|
|
|
|
| Income before taxes |
|
$ 11,086
|
$ 57,131
|
$ 66,051
|
| Statutory tax rate |
|
39.00%
|
39.00%
|
39.00%
|
| Income tax expense at statutory rate |
|
$ 4,324
|
$ 22,281
|
$ 25,760
|
| Increase (decrease) in taxes resulting from [Abstract] |
|
|
|
|
| Exempt interest income, net |
|
(5,158)
|
(6,041)
|
(7,139)
|
| Effect of taxing life insurance operations as a qualified domestic life insurance company instead of as a regular corporation |
|
(5,033)
|
(4,936)
|
(5,572)
|
| Effect of taxing capital gains at a preferential rate |
|
(3,799)
|
(7,432)
|
(14,248)
|
| Dividends received deduction |
|
0
|
270
|
173
|
| Adjustment to deferred tax assets and liabilities for changes in effective tax rates |
|
1,669
|
(1,576)
|
5,466
|
| Other adjustments to deferred tax assets and liabilities |
|
2,852
|
(58)
|
(707)
|
| Effect of extraordinary dividend distribution from the Association - reported net of taxes in other income |
|
(151)
|
(875)
|
0
|
| Tax credit benefit |
|
(709)
|
(537)
|
(1,482)
|
| Tax returns to provision true up |
|
(181)
|
(1,084)
|
0
|
| Effect of reassessment of unused credits for alternative minimum taxes paid |
|
0
|
0
|
(6,486)
|
| Subtotal |
|
(10,510)
|
(22,269)
|
(29,995)
|
| Other permanent disallowances, net [Abstract] |
|
|
|
|
| Disallowed resolution agreements expense |
|
0
|
1,716
|
0
|
| Disallowance of expenses related to exempt interest income |
|
58
|
0
|
46
|
| Disallowed dividend received deduction |
|
0
|
3,598
|
4,815
|
| Disallowed interest expense |
|
8
|
12
|
21
|
| Other |
|
0
|
61
|
282
|
| Total other permanent differences |
|
66
|
5,387
|
5,164
|
| Other adjustments |
|
(225)
|
(300)
|
(184)
|
| Total income tax (benefit) expense |
|
(6,345)
|
5,099
|
$ 745
|
| Deferred tax assets [Abstract] |
|
|
|
|
| Allowance for doubtful receivables |
|
10,070
|
13,434
|
|
| Liability for pension benefits |
|
10,624
|
21,416
|
|
| Employee benefits plan |
|
1,580
|
3,177
|
|
| Postretirement benefits |
|
772
|
1,252
|
|
| Deferred compensation |
|
2,041
|
1,818
|
|
| Accumulated depreciation |
|
1,137
|
1,240
|
|
| Impairment loss on investments |
|
2,035
|
1,749
|
|
| Contingency reserves |
|
0
|
30
|
|
| Share-based compensation |
|
4,393
|
4,875
|
|
| Alternative minimum income tax credit |
|
1,991
|
2,066
|
|
| Purchased tax credits |
|
6,062
|
931
|
|
| Net operating loss |
|
33,081
|
12,721
|
|
| Difference in tax basis of investments portfolio |
|
3,049
|
6,843
|
|
| Accrued liabilities |
|
2,133
|
2,402
|
|
| Other |
|
772
|
591
|
|
| Gross deferred tax assets |
|
79,740
|
74,545
|
|
| Less: valuation allowance |
|
(8,016)
|
(7,839)
|
|
| Deferred tax assets |
|
71,724
|
66,706
|
|
| Deferred tax liabilities [Abstract] |
|
|
|
|
| Deferred policy acquisition costs |
|
(6,621)
|
(3,673)
|
|
| Catastrophe loss reserve |
|
(8,020)
|
(7,664)
|
|
| Unrealized gain on securities available for sale |
|
(15,804)
|
(15,021)
|
|
| Unamortized debt issue costs |
|
(152)
|
(29)
|
|
| Intangible asset |
|
(2,195)
|
(3,013)
|
|
| Accumulated depreciation |
|
(14)
|
(15)
|
|
| Gross deferred tax liabilities |
|
(32,806)
|
(29,415)
|
|
| Net deferred tax asset |
|
38,918
|
37,291
|
|
| Deferred tax assets, net |
|
57,768
|
52,361
|
|
| Deferred tax liabilities, net |
|
$ 18,850
|
15,070
|
|
| Puerto Rico [Member] |
|
|
|
|
| Income Tax Examination [Line Items] |
|
|
|
|
| Percentage of premium tax on policies underwritten |
|
5.00%
|
|
|
| Income tax prepayments at reduced rate |
12.00%
|
|
|
|
| Components of income tax expense (benefit) [Abstract] |
|
|
|
|
| Total income tax (benefit) expense |
|
|
2,524
|
|
| Other permanent disallowances, net [Abstract] |
|
|
|
|
| Total income tax (benefit) expense |
|
|
$ 2,524
|
|
| Deferred tax liabilities [Abstract] |
|
|
|
|
| Operating loss carryforwards |
|
$ 75,000
|
|
|
| Puerto Rico [Member] | Minimum [Member] |
|
|
|
|
| Income Tax Examination [Line Items] |
|
|
|
|
| Changes to the corporate tax |
|
15.00%
|
|
|
| Puerto Rico [Member] | Maximum [Member] |
|
|
|
|
| Income Tax Examination [Line Items] |
|
|
|
|
| Changes to the corporate tax |
|
20.00%
|
|
|