XML 11 R39.htm IDEA: XBRL DOCUMENT v2.4.0.8
Realized And Unrealized Investment Gains (Losses) (Tables)
 6 Months Ended
Jun. 30, 2014
Realized and Unrealized Investment Gains (Losses) [Abstract]  
Realized and Unrealized Investment Gains (Losses)
Realized and unrealized investment gains (losses) are as follows:
 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
(In thousands)
2014
 
2013
 
2014
 
2013
Realized investment gains (losses):
 
 
 
 
 

 
 

Fixed maturity securities:
 
 
 
 
 

 
 

Gains
$
1,941

 
$
9,147

 
$
4,003

 
$
20,143

Losses
(464
)
 
(5,500
)
 
(2,062
)
 
(11,466
)
Equity securities available for sale
23,124

 
18,086

 
29,581

 
33,331

Investment funds
(1,076
)
 
10,843

 
44,757

 
11,037

Real estate
85,643

 
—

 
85,643

 
—

Other
—

 
482

 
—

 
(18
)
    Total
109,168

 
33,058

 
161,922

 
53,027

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

 
—

 
—

 
—

 Other-than-temporary impairments
—

 
—

 
—

 
—

    Total
—

 
—

 
—

 
—

Net investment gains
109,168

 
33,058

 
161,922

 
53,027

Income tax expense
(38,208
)
 
(11,570
)
 
(56,673
)
 
(18,559
)
    Total after-tax realized investment gains
$
70,960

 
$
21,488

 
$
105,249

 
$
34,468
Unrealized Gain (Loss) on Investments
Change in unrealized investment gains (losses):
 
 
 
 
 

 
 

Fixed maturity securities
$
87,882

 
$
(277,791
)
 
$
179,520

 
$
(293,380
)
Previously impaired fixed maturity securities
194

 
(590
)
 
753

 
522

Equity securities available for sale
(17,870
)
 
(16,191
)
 
8,333

 
8,370

Investment funds
6,184

 
(5,906
)
 
74

 
(9,174
)
Total change in unrealized investment gains (losses)
76,390

 
(300,478
)
 
188,680

 
(293,662
)
Income tax benefit (expense)
(28,190
)
 
103,418

 
(67,536
)
 
104,412

Noncontrolling interests
(19
)
 
35

 
(37
)
 
(5
)
    Total after-tax unrealized gains (losses)
$
48,181

 
$
(197,025
)
 
$
121,107

 
$
(189,255
)