Fixed Maturity Securities In An Unrealized Loss Position (Tables)

6 Months Ended

Jun. 30, 2021

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, 2021 and December 31, 2020 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, 2021
U.S. government and government agency	$	38,752	$	458	$	524	$	3	$	39,276	$	461
State and municipal	205,730		2,222		22,655		1,356		228,385		3,578
Mortgage-backed	266,963		7,799		29,570		540		296,533		8,339
Asset-backed	2,581,697		6,817		606,663		17,312		3,188,360		24,129
Corporate	972,383		8,212		44,055		2,098		1,016,438		10,310
Foreign government	376,746		11,433		11,921		21,429		388,667		32,862
Fixed maturity securities	$	4,442,271	$	36,941	$	715,388	$	42,738	$	5,157,659	$	79,679
December 31, 2020
U.S. government and government agency	$	47,649	$	347	$	17	$	—	$	47,666	$	347
State and municipal	147,754		1,165		20,528		904		168,282		2,069
Mortgage-backed	212,388		5,121		23,943		230		236,331		5,351
Asset-backed	1,389,133		6,563		656,877		26,934		2,046,010		33,497
Corporate	612,177		6,721		39,985		1,759		652,162		8,480
Foreign government	143,729		22,871		6,218		21,577		149,947		44,448
Fixed maturity securities	$	2,552,830	$	42,788	$	747,568	$	51,404	$	3,300,398	$	94,192

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, 2021 is presented in the table below:

($ in thousands)	Number of Securities	Aggregate Fair Value		Gross Unrealized Loss
Foreign government	27	$	108,910	$	30,171
Corporate	10	36,482		2,058
Mortgage-backed	4	276		19
Asset-backed	1	113		1
Total	42	$	145,781	$	32,249