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Realized And Unrealized Investment Gains (Losses) (Tables)
9 Months Ended
Sep. 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 September 30,
 
For the Nine Months Ended September 30,
(In thousands)
2016
 
2015
 
2016
 
2015
Realized investment gains (losses):
 
 
 
 
 

 
 

Fixed maturity securities:
 
 
 
 
 

 
 

Gains
$
33,798

 
$
1,341

 
$
66,972

 
$
8,178

Losses
(1,150
)
 
(2,171
)
 
(5,570
)
 
(2,810
)
Equity securities available for sale
8,441

 
(21
)
 
13,037

 
9,639

Investment funds
(3,788
)
 
70,648

 
(9,041
)
 
92,821

Real estate
687

 

 
5,247

 

Other (1)
137,750

 
(3,378
)
 
136,863

 
5,192

Net realized gains on investments sales
175,738

 
66,419

 
207,508

 
113,020

Other-than-temporary impairments (2)

 
(12,515
)
 
(18,114
)
 
(12,515
)
   Net investment gains
175,738

 
53,904

 
189,394

 
100,505

Income tax expense
(61,508
)
 
(18,866
)
 
(66,288
)
 
(35,177
)
    After-tax net realized investment gains
$
114,230

 
$
35,038

 
$
123,106

 
$
65,328

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

 
 

Fixed maturity securities
$
(45,388
)
 
$
2,449

 
$
169,933

 
$
(102,863
)
Previously impaired fixed maturity securities
(1,406
)
 
50

 
413

 
73

Equity securities available for sale
(28,517
)
 
(2,353
)
 
12,433

 
(15,977
)
Investment funds
3,143

 
(7,876
)
 
16,028

 
(16,417
)
Total change in unrealized investment gains (losses)
(72,168
)
 
(7,730
)
 
198,807

 
(135,184
)
Income tax benefit (expense)
24,493

 
12,229

 
(64,594
)
 
56,354

Noncontrolling interests
57

 
94

 
66

 
106

After-tax change in unrealized investment gains (losses) of available for sale securities
$
(47,618
)
 
$
4,593

 
$
134,279

 
$
(78,724
)
______________________
(1) Other includes a gain of $134.9 million from the sale of Aero Precision Industries, and certain related aviation services business, for the three and nine months ended September 30, 2016.
(2) Other than temporary impairments (OTTI) for the nine months ended September 30, 2016 of $18.1 million were related to equity securities available for sale. OTTI for the three and nine months ended September 30, 2015 of $12.5 million were related to equity securities available for sale and fixed maturity securities of $3.5 million and $9.0 million, respectively.