Fixed Maturity Securities In An Unrealized Loss Position (Tables)

3 Months Ended

Mar. 31, 2019

Investments, Debt and Equity Securities [Abstract]

Securities in an unrealized loss position

The following tables summarize all fixed maturity securities in an unrealized loss position at March 31, 2019 and December 31, 2018 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
March 31, 2019
U.S. government and government agency	$	97,181	$	94	$	113,805	$	2,840	$	210,986	$	2,934
State and municipal	70,022		994		658,166		7,110		728,188		8,104
Mortgage-backed securities	36,125		221		734,163		14,310		770,288		14,531
Asset-backed securities	1,250,397		21,848		598,253		11,832		1,848,650		33,680
Corporate	223,109		3,366		1,293,393		24,608		1,516,502		27,974
Foreign government	192,715		22,558		70,745		1,374		263,460		23,932
Fixed maturity securities	$	1,869,549	$	49,081	$	3,468,525	$	62,074	$	5,338,074	$	111,155
December 31, 2018
U.S. government and government agency	$	195,359	$	933	$	130,815	$	3,977	$	326,174	$	4,910
State and municipal	701,700		6,874		744,905		17,738		1,446,605		24,612
Mortgage-backed securities	334,063		2,911		712,595		21,022		1,046,658		23,933
Asset-backed securities	1,687,665		28,965		342,855		4,722		2,030,520		33,687
Corporate	1,730,513		54,181		954,763		49,129		2,685,276		103,310
Foreign government	246,273		24,197		80,004		914		326,277		25,111
Fixed maturity securities	$	4,895,573	$	118,061	$	2,965,937	$	97,502	$	7,861,510	$	215,563

Non-Investment Grade Fixed Maturity Securities

A summary of the Company’s non-investment grade fixed maturity securities that were in an unrealized loss position at March 31, 2019 is presented in the table below:

($ in thousands)	Number of Securities	Aggregate Fair Value		Gross Unrealized Loss
Foreign government	16	$	140,425	$	22,639
Corporate	15	83,256		5,137
Asset-backed securities	8	14,098		1,494
Mortgage-backed securities	4	7,656		137
Total	43	$	245,435	$	29,407