Securities In An Unrealized Loss Position Securities In An Unrealized Loss Position (Tables)

6 Months Ended

Jun. 30, 2016

Statement of Financial Position [Abstract]

Securities in an unrealized loss position

The following tables summarize all securities in an unrealized loss position at June 30, 2016 and December 31, 2015 by the length of time those securities have been continuously in an unrealized loss position:

	Less Than 12 Months				12 Months or Greater				Total
(In thousands)	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
June 30, 2016
U.S. government and government agency	$	7,993	$	50	$	41,081	$	632	$	49,074	$	682
State and municipal	57,499		667		132,435		1,903		189,934		2,570
Mortgage-backed securities	170,852		1,871		110,882		2,529		281,734		4,400
Asset-backed securities	866,041		7,972		322,613		8,364		1,188,654		16,336
Corporate	84,791		4,208		207,097		11,133		291,888		15,341
Foreign	35,055		2,346		22,116		1,837		57,171		4,183
Fixed maturity securities	1,222,231		17,114		836,224		26,398		2,058,455		43,512
Common stocks	17,683		849		8,213		1,566		25,896		2,415
Preferred stocks	5,793		788		24,681		992		30,474		1,780
Equity securities available for sale	23,476		1,637		32,894		2,558		56,370		4,195
Total	$	1,245,707	$	18,751	$	869,118	$	28,956	$	2,114,825	$	47,707
December 31, 2015
U.S. government and government agency	$	101,660	$	487	$	64,500	$	1,846	$	166,160	$	2,333
State and municipal	501,952		4,404		106,681		1,865		608,633		6,269
Mortgage-backed securities	381,986		3,639		184,807		7,669		566,793		11,308
Asset-backed securities	1,091,078		7,703		190,467		6,711		1,281,545		14,414
Corporate	1,232,940		35,406		76,797		8,987		1,309,737		44,393
Foreign	169,190		8,822		19,528		3,867		188,718		12,689
Fixed maturity securities	3,478,806		60,461		642,780		30,945		4,121,586		91,406
Common stocks	18,641		18,005		7,829		1,184		26,470		19,189
Preferred stocks	—		—		22,320		3,353		22,320		3,353
Equity securities available for sale	18,641		18,005		30,149		4,537		48,790		22,542
Total	$	3,497,447	$	78,466	$	672,929	$	35,482	$	4,170,376	$	113,948

Non-Investment Grade Fixed Maturity Securities

Fixed Maturity Securities – A summary of the Company’s non-investment grade fixed maturity securities that were in an unrealized loss position at June 30, 2016 is presented in the table below:

($ in thousands)	Number of Securities	Aggregate Fair Value		Gross Unrealized Loss
Mortgage-backed securities	10	$	23,910	$	1,410
Asset-backed securities	4	9,844		388
Corporate	12	74,180		4,702
Foreign government	7	32,885		2,003
Total	33	$	140,819	$	8,503