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Realized And Unrealized Investment Gains (Losses)
9 Months Ended
Sep. 30, 2013
Realized and Unrealized Investment Gains (Losses) [Abstract]  
Realized and Unrealized Investment Gains (Losses)
Realized and Unrealized Investment Gains (Losses)

 Realized and unrealized investment gains (losses) are as follows:
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
(In thousands)
2013
 
2012
 
2013
 
2012
Realized investment gains (losses):
 
 
 
 
 

 
 

Fixed maturity securities:
 
 
 
 
 

 
 

Gains
$
19,500

 
$
4,439

 
$
39,643

 
$
25,046

Losses
(739
)
 
(1,937
)
 
(12,205
)
 
(4,243
)
Equity securities available for sale
25,158

 
14,447

 
58,489

 
58,873

Investment funds
(34
)
 
277

 
11,003

 
3,778

Other
(16
)
 

 
(34
)
 
1,535

    Total
43,869

 
17,226

 
96,896

 
84,989

Change in valuation allowance, net of other-than-temporary impairments:
 
 
 
 
 
 
 
Decrease in valuation allowance

 
5,000

 

 
13,998

 Other-than-temporary impairments

 

 

 
(4,984
)
    Total

 
5,000

 

 
9,014

Net investment gains
43,869

 
22,226

 
96,896

 
94,003

Income tax expense
(15,355
)
 
(7,415
)
 
(33,914
)
 
(32,260
)
    Total after-tax realized investment gains
$
28,514

 
$
14,811

 
$
62,982

 
$
61,743


Change in unrealized investment gains and losses:
 
 
 
 
 

 
 

Fixed maturity securities
$
(46,004
)
 
$
96,077

 
$
(339,384
)
 
$
186,637

Previously impaired fixed maturity securities
299

 
2,483

 
821

 
4,416

Equity securities available for sale
(13,984
)
 
(2,891
)
 
(5,614
)
 
186

Investment funds
3,926

 
4,255

 
(5,248
)
 
3,281

Total change in unrealized investment gains and losses
(55,763
)
 
99,924

 
(349,425
)
 
194,520

Income tax benefit (expense)
16,884

 
(34,963
)
 
121,296

 
(68,000
)
Noncontrolling interests
(9
)
 
(43
)
 
(14
)
 
(71
)
    Total after-tax unrealized gains (losses)
$
(38,888
)
 
$
64,918

 
$
(228,143
)
 
$
126,449