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Realized And Unrealized Investment Gains (Losses)
9 Months Ended
Sep. 30, 2015
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 September 30,
 
For the Nine Months Ended September 30:
(In thousands)
2015
 
2014
 
2015
 
2014
Realized investment gains (losses):
 
 
 
 
 

 
 

Fixed maturity securities:
 
 
 
 
 

 
 

Gains
$
1,341

 
$
13,803

 
$
8,178

 
$
17,263

Losses
(2,171
)
 
(2,208
)
 
(2,810
)
 
(3,727
)
Equity securities available for sale
(21
)
 
9,729

 
9,639

 
39,310

Investment funds
70,648

 
50,919

 
92,821

 
95,675

Real estate

 
15

 

 
85,659

Other
(3,378
)
 

 
5,192

 

    Total
66,419

 
72,258

 
113,020

 
234,180

Net of other-than-temporary impairments:
 
 
 
 
 
 
 
Other-than-temporary impairments
(12,515
)
 

 
(12,515
)
 

Income tax expense
(18,866
)
 
(25,290
)
 
(35,177
)
 
(81,963
)
    Total after-tax realized investment gains
$
35,038

 
$
46,968

 
$
65,328

 
$
152,217


Change in unrealized investment gains (losses):
 
 
 
 
 

 
 

Fixed maturity securities
$
2,449

 
$
10,722

 
$
(102,863
)
 
$
190,242

Previously impaired fixed maturity securities
50

 
188

 
73

 
941

Equity securities available for sale
(2,353
)
 
(27,548
)
 
(15,977
)
 
(19,215
)
Investment funds
(7,876
)
 
(8,391
)
 
(16,417
)
 
(8,317
)
Total change in unrealized investment gains (losses)
(7,730
)
 
(25,029
)
 
(135,184
)
 
163,651

Income tax benefit (expense)
12,229

 
12,117

 
56,354

 
(55,419
)
Noncontrolling interests
94

 
(82
)
 
106

 
(119
)
    Total after-tax unrealized gains (losses)
$
4,593

 
$
(12,994
)
 
$
(78,724
)
 
$
108,113


OTTI recognized in earnings were $12.5 million for the three and nine months ended September 30, 2015. There was no OTTI for the three and nine months ended September 30, 2014. OTTI related to common stocks and fixed maturity securities were $3.5 million and $9.0 million, respectively.