Fixed Maturity Securities In An Unrealized Loss Position (Tables)

6 Months Ended

Jun. 30, 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 June 30, 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
June 30, 2019
U.S. government and government agency	$	6,175	$	37	$	92,729	$	1,381	$	98,904	$	1,418
State and municipal	64,499		838		270,454		3,083		334,953		3,921
Mortgage-backed securities	23,049		112		334,887		5,584		357,936		5,696
Asset-backed securities	1,010,706		17,410		572,110		10,297		1,582,816		27,707
Corporate	139,627		1,095		328,409		12,549		468,036		13,644
Foreign government	140,589		18,942		73,967		4,417		214,556		23,359
Fixed maturity securities	$	1,384,645	$	38,434	$	1,672,556	$	37,311	$	3,057,201	$	75,745
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 June 30, 2019 is presented in the table below:

($ in thousands)	Number of Securities	Aggregate Fair Value		Gross Unrealized Loss
Foreign government	12	$	114,714	$	22,719
Corporate	11	65,905		3,278
Asset-backed securities	7	10,412		1,344
Mortgage-backed securities	4	7,170		63
Total	34	$	198,201	$	27,404