Realized And Unrealized Investment Gains (Losses) (Tables)

6 Months Ended

Jun. 30, 2017

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)	2017			2016			2017			2016
Realized investment gains (losses):
Fixed maturity securities:
Gains	$	7,427		$	10,110		$	13,032		$	33,174
Losses	—			(1,480		)	(3,965		)	(4,420		)
Equity securities available for sale	32,139			4,471			74,846			4,596
Investment funds	(112		)	(4,793		)	1,155			(5,253		)
Real estate	(364		)	(464		)	2,936			4,560
Other	1,363			(1,529		)	4,797			(885		)
Net realized gains on investments sales	40,453			6,315			92,801			31,772
Other-than-temporary impairments (1)	—			—			—			(18,114		)
Net investment gains	40,453			6,315			92,801			13,658
Income tax expense	(14,159		)	(2,210		)	(32,480		)	(4,780		)
After-tax net realized investment gains	$	26,294		$	4,105		$	60,321		$	8,878

Unrealized Gain (Loss) on Investments

Change in unrealized investment gains (losses)of available for sale securities:
Fixed maturity securities	$	56,857		$	122,893		$	94,841		$	215,321
Previously impaired fixed maturity securities	743			1,874			844			1,819
Equity securities available for sale	6,176			27,814			(42,686		)	40,950
Investment funds	4,506			4,004			5,712			12,885
Total change in unrealized investment gains	68,282			156,585			58,711			270,975
Income tax expense	(24,713		)	(51,552		)	(23,973		)	(89,087		)
Noncontrolling interests	(5		)	(5		)	14			9
After-tax change in unrealized investment gains of available for sale securities	$	43,564		$	105,028		$	34,752		$	181,897

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(1) There were no other than temporary impairments (OTTI) for the three and six months ended June 30, 2017, or for the three months ended June 30, 2016. OTTI for the six months ended June 30, 2016 of $18.1 million were related to common stock.