Securities In An Unrealized Loss Position Securities In An Unrealized Loss Position (Tables)

3 Months Ended

Mar. 31, 2014

Statement of Financial Position [Abstract]

Securities in an unrealized loss position

The following table summarizes all securities in an unrealized loss position at March 31, 2014 and December 31, 2013 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
March 31, 2014
U.S. government and government agency	$	306,133	$	8,835	$	4,300	$	342	$	310,433	$	9,177
State and municipal	415,060		8,233		96,482		3,011		511,542		11,244
Mortgage-backed securities	480,012		11,824		161,965		7,679		641,977		19,503
Corporate	964,728		9,508		137,535		11,049		1,102,263		20,557
Foreign	286,805		14,507		5,220		581		292,025		15,088
Fixed maturity securities	2,452,738		52,907		405,502		22,662		2,858,240		75,569
Common stocks	—		—		—		—		—		—
Preferred stocks	3,012		32		22,341		3,333		25,353		3,365
Equity securities	3,012		32		22,341		3,333		25,353		3,365
Total	$	2,455,750	$	52,939	$	427,843	$	25,995	$	2,883,593	$	78,934
December 31, 2013
U.S. government and government agency	$	260,882	$	7,927	$	2,163	$	55	$	263,045	$	7,982
State and municipal	899,613		24,503		87,345		5,334		986,958		29,837
Mortgage-backed securities	578,603		17,964		140,648		8,965		719,251		26,929
Corporate	1,013,373		17,066		105,074		13,034		1,118,447		30,100
Foreign	320,215		16,286		—		—		320,215		16,286
Fixed maturity securities	3,072,686		83,746		335,230		27,388		3,407,916		111,134
Common stocks	—		—		—		—		—		—
Preferred stocks	13,291		513		19,868		5,806		33,159		6,319
Equity securities	13,291		513		19,868		5,806		33,159		6,319
Total	$	3,085,977	$	84,259	$	355,098	$	33,194	$	3,441,075	$	117,453

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 March 31, 2014 is presented in the table below.

($ in thousands)	Number of Securities	Aggregate Fair Value		Gross Unrealized Loss
Mortgage-backed securities	9	$	40,109	$	2,512
Corporate	8	18,090		803
Foreign	3	21,278		2,343
Total	20	$	79,477	$	5,658