Securities In An Unrealized Loss Position (Tables)

6 Months Ended

Jun. 30, 2013

Investments, Debt and Equity Securities [Abstract]

Securities In An Unrealized Loss Position

The following table summarizes all securities in an unrealized loss position at June 30, 2013 and December 31, 2012 by the length of time those securities have been continuously in an unrealized loss position:

	Less Than 12 Months				12 Months or Greater				Total
(In thousands)	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
June 30, 2013
U.S. government and agency	$	109,891	$	2,131	$	—	$	—	$	109,891	$	2,131
State and municipal	528,045		14,077		67,266		3,185		595,311		17,262
Mortgage-backed securities	612,369		16,308		54,843		3,764		667,212		20,072
Corporate	1,166,097		13,102		67,142		9,911		1,233,239		23,013
Foreign	249,199		6,853		—		—		249,199		6,853
Fixed maturity securities	2,665,601		52,471		189,251		16,860		2,854,852		69,331
Common stocks	77,610		5,360		—		—		77,610		5,360
Preferred stocks	17,702		346		21,636		4,038		39,338		4,384
Equity securities	95,312		5,706		21,636		4,038		116,948		9,744
Total	$	2,760,913	$	58,177	$	210,887	$	20,898	$	2,971,800	$	79,075
December 31, 2012
U.S. government and agency	$	69,551	$	1,660	$	—	$	—	$	69,551	$	1,660
State and municipal	152,694		1,639		135,967		8,054		288,661		9,693
Mortgage-backed securities	484,731		3,629		58,292		4,571		543,023		8,200
Corporate	371,781		2,964		70,537		9,119		442,318		12,083
Foreign	95,623		996		11,210		28		106,833		1,024
Fixed maturity securities	1,174,380		10,888		276,006		21,772		1,450,386		32,660
Common stocks	46,725		707		—		—		46,725		707
Preferred stocks	—		—		39,812		1,651		39,812		1,651
Equity securities	46,725		707		39,812		1,651		86,537		2,358
Total	$	1,221,105	$	11,595	$	315,818	$	23,423	$	1,536,923	$	35,018

Non-Investment Grade Fixed Maturity Securities

Fixed Maturity Securities – A summary of the Company’s non-investment grade fixed maturity securities that were in an unrealized loss position at June 30, 2013 is presented in the table below.

($ in thousands)	Number of Securities	Aggregate Fair Value		Gross Unrealized Loss
Mortgage-backed securities	18	$	106,405	$	5,246
Corporate	9	26,685		4,067
State and municipal	2	18,361		47
Foreign	2	19,337		240
Total	31	$	170,788	$	9,600