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Realized And Unrealized Investment Gains and Losses
12 Months Ended
Dec. 31, 2014
Realized and Unrealized Investment Gains (Losses) [Abstract]  
Realized and Unrealized Investment Gains and Losses
Realized and Unrealized Investment Gains and Losses
Realized and unrealized investment gains and losses are as follows:
(In thousands)
2014
 
2013
 
2012
Realized investment gains and losses:
 

 
 

 
 

Fixed maturity securities:
 

 
 

 
 

Gains
$
39,113

 
$
48,860

 
$
34,295

Losses
(4,420
)
 
(14,670
)
 
(6,436
)
Equity securities available for sale
38,296

 
70,235

 
97,300

Investment funds
96,204

 
10,976

 
74,777

Real estate
85,659

 

 

Other gains

 
12,185

 
1,515

Net realized gains on investments sales
254,852

 
127,586

 
201,451

 
 
 
 
 
 
Net other-than-temporary impairments:
 
 
 
 
 
  Other-than-temporary impairments

 
(6,042
)
 
(4,984
)
  Decrease in valuation allowance

 

 
13,998

    Net other-than-temporary impairments

 
(6,042
)
 
9,014

 
 
 
 
 
 
  Total net investment gains
254,852

 
121,544

 
210,465

Income tax expense
(89,198
)
 
(47,426
)
 
(73,663
)
 
$
165,654

 
$
74,118

 
$
136,802


Change in unrealized gains and losses of available for sales securities:
 

 
 

 
 

Fixed maturity securities
$
155,765

 
$
(401,812
)
 
$
162,220

Previously impaired fixed maturity securities
865

 
1,076

 
4,631

Equity securities available for sale
(69,016
)
 
11,864

 
(33,199
)
Investment funds
(14,725
)
 
(10,250
)
 
1,630

Total change in unrealized gains
72,889

 
(399,122
)
 
135,282

Income tax benefit (expense)
(23,223
)
 
138,058

 
(47,966
)
Noncontrolling interests
(33
)
 
(28
)
 
(77
)
 
$
49,633

 
$
(261,092
)
 
$
87,239