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Fixed Maturity Securities In An Unrealized Loss Position (Tables)
9 Months Ended
Sep. 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 September 30, 2021 and December 31, 2020 by the length of time those securities have been continuously in an unrealized loss position:
  Less Than 12 Months12 Months or GreaterTotal
(In thousands)Fair
Value
Gross
Unrealized Losses
Fair
Value
Gross
Unrealized Losses
Fair
Value
Gross
Unrealized Losses
September 30, 2021
U.S. government and government agency$61,386 $394 $17,342 $113 $78,728 $507 
State and municipal353,630 4,345 28,562 1,990 382,192 6,335 
Mortgage-backed318,897 4,502 84,883 2,793 403,780 7,295 
Asset-backed3,373,100 12,389 105,823 1,812 3,478,923 14,201 
Corporate1,465,027 11,044 54,678 2,618 1,519,705 13,662 
Foreign government371,164 7,249 47,331 27,362 418,495 34,611 
Fixed maturity securities$5,943,204 $39,923 $338,619 $36,688 $6,281,823 $76,611 
December 31, 2020
U.S. government and government agency$47,649 $347 $17 $— $47,666 $347 
State and municipal147,754 1,165 20,528 904 168,282 2,069 
Mortgage-backed212,388 5,121 23,943 230 236,331 5,351 
Asset-backed1,389,133 6,563 656,877 26,934 2,046,010 33,497 
Corporate612,177 6,721 39,985 1,759 652,162 8,480 
Foreign government143,729 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 $94,192 
Non-Investment Grade Fixed Maturity Securities A summary of the Company’s non-investment grade fixed maturity securities that were in an unrealized loss position at September 30, 2021 is presented in the table below:
($ in thousands)Number of
Securities
Aggregate
Fair Value
Gross
Unrealized Loss
Foreign government31 $119,141 $32,048 
Corporate13 49,623 1,879 
State and municipal39,693 335 
Mortgage-backed249 16 
Asset-backed94 
Total51 $208,800 $34,281