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Realized And Unrealized Investment Gains (Losses)
 6 Months Ended
Jun. 30, 2012
Realized and Unrealized Investment Gains (Losses) [Abstract]  
Realized and Unrealized Investment Gains (Losses)
Realized and Unrealized Investment Gains
Realized and unrealized investment gains are as follows:
 
  
For the Three Months Ended
 
For the Six Months Ended
 
June 30,
 
June 30,
(Dollars in thousands)
2012
 
2011
 
2012
 
2011
Realized investment gains:
 
 
 
 
 
 
 
Fixed maturity securities:
 
 
 
 
 
 
 
Gains
$
5,652

 
$
8,957

 
$
20,607

 
$
14,837

Losses
(1,763
)
 
(1,016
)
 
(2,306
)
 
(2,509
)
Equity securities available for sale
18,188

 
14,289

 
44,426

 
38,221

Other
18

 
—

 
1,535

 
—

Sales of investment funds
2,191

 
1,060

 
3,501

 
2,025

Change in valuation allowance, net of other-than -temporary impairments (1)
—

 
(400
)
 
4,014

 
(400
)
Total net investment gains before income taxes
24,286

 
22,890

 
71,777

 
52,174

Income tax expense
(8,436
)
 
(8,554
)
 
(24,845
)
 
(19,048
)
Total net investment gains
$
15,850

 
$
14,336

 
$
46,932

 
$
33,126


Change in unrealized gains of available for sale securities:
 
 
 
 
 
 
 
Fixed maturity securities
$
71,138

 
$
101,205

 
$
90,560

 
$
71,918

Less non-credit portion of OTTI recognized in other comprehensive income
190

 
(900
)
 
1,933

 
(656
)
Equity securities available for sale
(8,518
)
 
18,486

 
3,077

 
6,101

Investment funds
(2,651
)
 
816

 
(974
)
 
4,190

Total change in unrealized gains (losses) before income taxes and noncontrolling interests
60,159

 
119,607

 
94,596

 
81,553

Income tax expense (benefit)
(20,624
)
 
(41,672
)
 
(33,037
)
 
(28,625
)
Noncontrolling interests
(5
)
 
(68
)
 
(28
)
 
(12
)
Total change in net unrealized gains
$
39,530

 
$
77,867

 
$
61,531

 
$
52,916


_________
(1) For the six months ended June 30, 2012, this represents a valuation allowance reduction of $7 million, partially offset by an other-than-temporary impairment of $3 million.