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

6 Months Ended

Jun. 30, 2014

Statement of Financial Position [Abstract]

Securities in an unrealized loss position

The following tables summarize all securities in an unrealized loss position at June 30, 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
June 30, 2014
U.S. government and government agency	$	191,360	$	4,176	$	74,427	$	3,377	$	265,787	$	7,553
State and municipal	136,081		1,796		185,605		3,767		321,686		5,563
Mortgage-backed securities	129,004		725		341,219		13,087		470,223		13,812
Corporate	549,991		7,099		285,261		11,393		835,252		18,492
Foreign	183,837		7,461		101,882		10,274		285,719		17,735
Fixed maturity securities	1,190,273		21,257		988,394		41,898		2,178,667		63,155
Common stocks	—		—		—		—		—		—
Preferred stocks	—		—		25,714		3,005		25,714		3,005
Equity securities	—		—		25,714		3,005		25,714		3,005
Total	$	1,190,273	$	21,257	$	1,014,108	$	44,903	$	2,204,381	$	66,160
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 June 30, 2014 is presented in the table below.

($ in thousands)	Number of Securities	Aggregate Fair Value		Gross Unrealized Loss
Mortgage-backed securities	11	$	44,646	$	1,772
Corporate	8	18,070		633
Foreign	3	21,374		1,463
Total	22	$	84,090	$	3,868