XML 77 R21.htm IDEA: XBRL DOCUMENT v2.4.0.8
Realized And Unrealized Investment Gains (Losses)
3 Months Ended
Mar. 31, 2014
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 March 31,
(In thousands)
2014
 
2013
Realized investment gains (losses):
 

 
 

Fixed maturity securities:
 

 
 

Gains
$
2,062

 
$
10,996

Losses
(1,598
)
 
(5,966
)
Equity securities available for sale
6,457

 
15,245

Investment funds
45,833

 
194

Other

 
(500
)
    Total
52,754

 
19,969

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

 

 Other-than-temporary impairments

 

    Total

 

Net investment gains
52,754

 
19,969

Income tax expense
(18,465
)
 
(6,989
)
    Total after-tax realized investment gains
$
34,289

 
$
12,980


Change in unrealized investment gains (losses):
 

 
 

Fixed maturity securities
$
91,638

 
$
(15,589
)
Previously impaired fixed maturity securities
559

 
1,112

Equity securities available for sale
26,203

 
24,561

Investment funds
(6,110
)
 
(3,268
)
Total change in unrealized investment gains (losses)
112,290

 
6,816

Income tax benefit (expense)
(39,346
)
 
994

Noncontrolling interests
(18
)
 
(40
)
    Total after-tax unrealized gains
$
72,926

 
$
7,770