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Realized And Unrealized Investment Gains (Losses) on Investments (Tables)
 3 Months Ended
Mar. 31, 2020
Realized and Unrealized Investment Gains (Losses) [Abstract]  
Realized And Unrealized Investment Gains (Losses) Net investment (losses) gains are as follows:
 
For the Three Months
Ended March 31,
(In thousands)
2020
 
2019
Net investment (losses) gains:
 
 
 
Fixed maturity securities:
 
 
 
Gains
$
4,931

 
$
5,246

Losses
(4,847
)
 
(3,518
)
Equity securities (1):
 
 
 
Net realized gains on investment sales
—

 
23,345

Change in unrealized (losses) gains
(154,467
)
 
42,078

Investment funds
30,183

 
17

Real estate
(687
)
 
2,746

Loans receivable
—

 
(970
)
Other
(18,398
)
 
(291
)
Net realized and unrealized (losses) gains on investments in earnings before allowance for expected credit losses
(143,285
)
 
68,653

Change in allowance for expected credit losses on investments (2):
 
 
 
Fixed maturity securities
(31,750
)
 
—

Loans receivable
(2,139
)
 
—

Change in allowance for expected credit losses on investments
(33,889
)
 
—

Net investment (losses) gains
(177,174
)
 
68,653

Income tax benefit (expense)
37,207

 
(14,417
)
After-tax net investment (losses) gains
$
(139,967
)
 
$
54,236


Change in unrealized investment (losses) gains on available for sale securities:
 
 
 
Fixed maturity securities without allowance for expected credit losses
$
(326,416
)
 
$
174,494

Fixed maturity securities with allowance for expected credit losses
1,541

 
(69
)
Investment funds
(7,646
)
 
1,790

Other
(329
)
 
(6,955
)
Total change in unrealized investment (losses) gains
(332,850
)
 
169,260

Income tax benefit (expense)
73,869

 
(43,486
)
Noncontrolling interests
1

 
(47
)
After-tax change in unrealized investment (losses) gains of available for sale securities
$
(258,980
)
 
$
125,727

______________________
(1) The net realized gains or losses on investment sales represent the total gains or losses from the purchase dates of the equity securities. The change in unrealized gains consists of two components: (i) the reversal of the gain or loss recognized in previous periods on equity securities sold and (ii) the change in unrealized gain or loss resulting from mark-to-market adjustments on equity securities still held.
(2) The inclusion of the allowance for expected credit losses on investments commenced January 1, 2020 due to the adoption of ASU 2016-13. See Note 3 for more details.