XML 49 R39.htm IDEA: XBRL DOCUMENT v3.5.0.2
Realized And Unrealized Investment Gains (Losses) (Tables)
6 Months Ended
Jun. 30, 2016
Realized and Unrealized Investment Gains (Losses) [Abstract]  
Realized and Unrealized Investment Gains (Losses)
Realized and unrealized investment gains (losses) are as follows:
 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
(In thousands)
2016
 
2015
 
2016
 
2015
Realized investment gains (losses):
 
 
 
 
 

 
 

Fixed maturity securities:
 
 
 
 
 

 
 

Gains
$
10,110

 
$
3,612

 
$
33,174

 
$
7,759

Losses
(1,480
)
 
(484
)
 
(4,420
)
 
(1,561
)
Equity securities available for sale
4,471

 
(42
)
 
4,596

 
9,660

Investment funds
(4,793
)
 
23,684

 
(5,253
)
 
22,173

Real estate
(464
)
 

 
4,560

 

Other
(1,529
)
 
787

 
(885
)
 
8,570

Net realized gains on investments sales
6,315

 
27,557

 
31,772

 
46,601

Other-than-temporary impairments (1)

 

 
(18,114
)
 

   Net investment gains
6,315

 
27,557

 
13,658

 
46,601

Income tax expense
(2,210
)
 
(9,645
)
 
(4,780
)
 
(16,311
)
    After-tax net realized investment gains
$
4,105

 
$
17,912

 
$
8,878

 
$
30,290

Unrealized Gain (Loss) on Investments
Change in unrealized investment gains (losses) of available for sale securities:
 
 
 
 
 

 
 

Fixed maturity securities
$
122,893

 
$
(147,792
)
 
$
215,321

 
$
(105,312
)
Previously impaired fixed maturity securities
1,874

 
15

 
1,819

 
23

Equity securities available for sale
27,814

 
(6,779
)
 
40,950

 
(13,624
)
Investment funds
4,004

 
2,566

 
12,885

 
(8,541
)
Total change in unrealized investment gains (losses)
156,585

 
(151,990
)
 
270,975

 
(127,454
)
Income tax benefit (expense)
(51,552
)
 
52,370

 
(89,087
)
 
44,125

Noncontrolling interests
(5
)
 
(10
)
 
9

 
12

After-tax change in unrealized investment gains (losses) of available for sale securities
$
105,028

 
$
(99,630
)
 
$
181,897

 
$
(83,317
)
______________________
(1) Other than temporary impairments (OTTI) for the six months ended June 30, 2016 were $18.1 million related to common stock.