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Realized And Unrealized Investment Gains and Losses
 12 Months Ended
Dec. 31, 2015
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)
2015
 
2014
 
2013
Realized investment gains and losses:
 

 
 

 
 

Fixed maturity securities:
 

 
 

 
 

Gains
$
23,755

 
$
39,113

 
$
48,860

Losses
(4,065
)
 
(4,420
)
 
(14,670
)
Equity securities available for sale
9,639

 
38,296

 
70,235

Investment funds
93,529

 
96,204

 
10,976

Real estate
—

 
85,659

 
—

Other gains
2,775

 
—

 
12,185

Net realized gains on investments sales
125,633

 
254,852

 
127,586

 
 
 
 
 
 
Net other-than-temporary impairments:
 
 
 
 
 
    Other-than-temporary impairments
(33,309
)
 
—

 
(6,042
)
    Net other-than-temporary impairments
(33,309
)
 
—

 
(6,042
)
   Total net investment gains
92,324

 
254,852

 
121,544

Income tax expense
(32,313
)
 
(89,198
)
 
(47,426
)
  After-tax realized investment gain and losses
$
60,011

 
$
165,654

 
$
74,118


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

 
 

 
 

Fixed maturity securities
$
(144,445
)
 
$
155,765

 
$
(401,812
)
Previously impaired fixed maturity securities
(174
)
 
865

 
1,076

Equity securities available for sale
(27,809
)
 
(69,016
)
 
11,864

Investment funds
(19,758
)
 
(14,725
)
 
(10,250
)
Total change in unrealized gains
(192,186
)
 
72,889

 
(399,122
)
Income tax benefit (expense)
66,644

 
(23,223
)
 
138,058

Noncontrolling interests
38

 
(33
)
 
(28
)
 After-tax change in unrealized investment gain and losses of available for sale securities
$
(125,504
)
 
$
49,633

 
$
(261,092
)


OTTI recognized in earnings were $33.3 million and $6 million for the years ended December 31, 2015 and December 31, 2013, respectively. There were no OTTI for the year ended December 31, 2014. For the year ended December 31, 2015, OTTI related to equity securities were $24.3 million and related to fixed maturity securities were $9 million. For the year ended December 31, 2013, OTTI related to equity securities.
Realized and Unrealized Investment Gains and Losses
Realized and unrealized investment gains and losses are as follows:
(In thousands)
2015
 
2014
 
2013
Realized investment gains and losses:
 

 
 

 
 

Fixed maturity securities:
 

 
 

 
 

Gains
$
23,755

 
$
39,113

 
$
48,860

Losses
(4,065
)
 
(4,420
)
 
(14,670
)
Equity securities available for sale
9,639

 
38,296

 
70,235

Investment funds
93,529

 
96,204

 
10,976

Real estate
—

 
85,659

 
—

Other gains
2,775

 
—

 
12,185

Net realized gains on investments sales
125,633

 
254,852

 
127,586

 
 
 
 
 
 
Net other-than-temporary impairments:
 
 
 
 
 
    Other-than-temporary impairments
(33,309
)
 
—

 
(6,042
)
    Net other-than-temporary impairments
(33,309
)
 
—

 
(6,042
)
   Total net investment gains
92,324

 
254,852

 
121,544

Income tax expense
(32,313
)
 
(89,198
)
 
(47,426
)
  After-tax realized investment gain and losses
$
60,011

 
$
165,654

 
$
74,118


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

 
 

 
 

Fixed maturity securities
$
(144,445
)
 
$
155,765

 
$
(401,812
)
Previously impaired fixed maturity securities
(174
)
 
865

 
1,076

Equity securities available for sale
(27,809
)
 
(69,016
)
 
11,864

Investment funds
(19,758
)
 
(14,725
)
 
(10,250
)
Total change in unrealized gains
(192,186
)
 
72,889

 
(399,122
)
Income tax benefit (expense)
66,644

 
(23,223
)
 
138,058

Noncontrolling interests
38

 
(33
)
 
(28
)
 After-tax change in unrealized investment gain and losses of available for sale securities
$
(125,504
)
 
$
49,633

 
$
(261,092
)