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Investments In Fixed Maturity Securities (Tables) (Debt Securities)
12 Months Ended
Dec. 31, 2012
Debt Securities
 
Schedule of Marketable Securities [Line Items]  
Investments In Fixed Maturity Securities
At December 31, 2013 and 2012, investments in fixed maturity securities were as follows:
(In thousands)
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
Carrying
Value
December 31, 2013
 

 
 

 
 

 
 

 
 

Held to maturity:
 

 
 

 
 

 
 

 
 

State and municipal
$
68,929

 
$
11,172

 
$

 
$
80,101

 
$
68,929

Residential mortgage-backed securities
27,393

 
3,311

 

 
30,704

 
27,393

Corporate
4,998

 
417

 

 
5,415

 
4,998

Total held to maturity
101,320

 
14,900

 

 
116,220

 
101,320

Available for sale:
 
 
 
 
 
 
 
 
 
U.S. government and government agency
858,319

 
34,522

 
(7,982
)
 
884,859

 
884,859

State and municipal
4,085,791

 
162,330

 
(29,837
)
 
4,218,284

 
4,218,284

Mortgage-backed securities:
 
 
 
 
 
 
 
 
 
Residential(1)
1,248,693

 
25,895

 
(25,941
)
 
1,248,647

 
1,248,647

Commercial
76,454

 
5,670

 
(988
)
 
81,136

 
81,136

Corporate
4,076,585

 
156,256

 
(30,100
)
 
4,202,741

 
4,202,741

Foreign government
844,469

 
51,674

 
(16,286
)
 
879,857

 
879,857

Total available for sale
11,190,311

 
436,347

 
(111,134
)
 
11,515,524

 
11,515,524

Total investment in fixed maturity securities
$
11,291,631

 
$
451,247

 
$
(111,134
)
 
$
11,631,744

 
$
11,616,844

December 31, 2012
 

 
 

 
 

 
 

 
 

Held to maturity:
 

 
 

 
 

 
 

 
 

State and municipal
$
65,190

 
$
18,529

 
$

 
$
83,719

 
$
65,190

Residential mortgage-backed securities
32,764

 
5,286

 

 
38,050

 
32,764

Corporate
4,997

 
605

 

 
5,602

 
4,997

Total held to maturity
102,951

 
24,420

 

 
127,371

 
102,951

Available for sale:
 

 
 

 
 

 
 

 
 

U.S. government and government agency
827,591

 
72,532

 
(1,660
)
 
898,463

 
898,463

State and municipal
4,449,238

 
328,974

 
(9,693
)
 
4,768,519

 
4,768,519

Mortgage-backed securities:
 
 
 
 
 
 
 

 
 
Residential(1)
1,395,739

 
53,846

 
(7,456
)
 
1,442,129

 
1,442,129

Commercial
268,671

 
5,641

 
(744
)
 
273,568

 
273,568

Corporate
3,378,884

 
235,289

 
(12,525
)
 
3,601,648

 
3,601,648

Foreign government
794,880

 
62,380

 
(582
)
 
856,678

 
856,678

Total available for sale
11,115,003

 
758,662

 
(32,660
)
 
11,841,005

 
11,841,005

Total investment in fixed maturity securities
$
11,217,954

 
$
783,082

 
$
(32,660
)
 
$
11,968,376

 
$
11,943,956

_______________________________________
(1)
Gross unrealized losses for mortgage-backed securities include $1,961,247 and $3,037,000, as of December 31, 2013 and 2012, respectively, related to the non-credit portion of OTTI recognized in other comprehensive income.
The Amortized Cost And Fair Value of Fixed Maturity Securities
The amortized cost and fair value of fixed maturity securities at December 31, 2013, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because certain issuers may have the right to call or prepay obligations.
(In thousands)
Amortized
Cost
 
Fair Value
Due in one year or less
$
926,865

 
$
935,322

Due after one year through five years
3,411,033

 
3,548,043

Due after five years through ten years
3,046,756

 
3,191,387

Due after ten years
2,554,437

 
2,596,505

Mortgage-backed securities
1,352,540

 
1,360,487

Total
$
11,291,631

 
$
11,631,744