Fixed Maturity Securities In An Unrealized Loss Position (Tables)

9 Months Ended

Sep. 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 September 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
September 30, 2019
U.S. government and government agency	$	55,881	$	216	$	65,949	$	819	$	121,830	$	1,035
State and municipal	206,046		1,841		159,899		2,429		365,945		4,270
Mortgage-backed securities	159,413		567		261,330		4,141		420,743		4,708
Asset-backed securities	778,080		8,233		621,547		13,242		1,399,627		21,475
Corporate	199,465		2,707		157,374		11,487		356,839		14,194
Foreign government	133,430		23,751		103,985		55,664		237,415		79,415
Fixed maturity securities	$	1,532,315	$	37,315	$	1,370,084	$	87,782	$	2,902,399	$	125,097
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 September 30, 2019 is presented in the table below:

($ in thousands)	Number of Securities	Aggregate Fair Value		Gross Unrealized Loss
Foreign government	21	$	78,110	$	78,281
Corporate	12	32,900		5,606
Asset-backed securities	6	1,311		192
Mortgage-backed securities	4	290		10
Total	43	$	112,611	$	84,089