XML 32 R21.htm IDEA: XBRL DOCUMENT v3.4.0.3
Realized And Unrealized Investment Gains (Losses)
 3 Months Ended
Mar. 31, 2016
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 March 31,
(In thousands)
2016
 
2015
Realized investment gains (losses):
 

 
 

Fixed maturity securities:
 

 
 

Gains
$
23,064

 
$
4,146

Losses
(2,940
)
 
(1,077
)
Equity securities available for sale
125

 
9,702

Investment funds
(460
)
 
(1,511
)
Real estate
5,024

 
—

Other
644

 
7,784

Net realized gains on investments sales
25,457

 
19,044

Other-than-temporary impairments (1)
(18,114
)
 
—

   Net investment gains
7,343

 
19,044

Income tax expense
(2,570
)
 
(6,665
)
    After-tax net realized investment gains
$
4,773

 
$
12,379


Change in unrealized investment gains and losses of available for sale securities:
 

 
 

Fixed maturity securities
$
92,428

 
$
42,480

Previously impaired fixed maturity securities
(55
)
 
8

Equity securities available for sale
13,137

 
(6,845
)
Investment funds
8,880

 
(11,107
)
Total change in unrealized investment gains (losses)
114,390

 
24,536

Income tax benefit (expense)
(37,535
)
 
(8,245
)
Noncontrolling interests
14

 
22

        After-tax change in unrealized investment gains and losses of available for sale securities
$
76,869

 
$
16,313

(1) Other than temporary impairments (OTTI) for the three months ended March 31, 2016 were $18.1 million related to common stock.