Fixed Maturity Securities In An Unrealized Loss Position (Tables)

3 Months Ended

Mar. 31, 2022

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 March 31, 2022 and December 31, 2021 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
March 31, 2022
U.S. government and government agency	$	547,027	$	18,521	$	36,307	$	2,195	$	583,334	$	20,716
State and municipal	1,360,055		51,579		95,853		9,345		1,455,908		60,924
Mortgage-backed	1,069,979		49,408		140,480		15,001		1,210,459		64,409
Asset-backed	3,898,607		61,254		186,663		2,319		4,085,270		63,573
Corporate	3,805,020		148,708		381,306		31,823		4,186,326		180,531
Foreign government	809,004		29,721		211,576		34,092		1,020,580		63,813
Fixed maturity securities	$	11,489,692	$	359,191	$	1,052,185	$	94,775	$	12,541,877	$	453,966
December 31, 2021
U.S. government and government agency	$	487,712	$	4,026	$	17,021	$	268	$	504,733	$	4,294
State and municipal	502,333		7,403		29,547		2,156		531,880		9,559
Mortgage-backed	558,751		6,900		106,130		4,762		664,881		11,662
Asset-backed	3,832,944		18,503		75,385		291		3,908,329		18,794
Corporate	2,582,860		29,322		51,095		3,088		2,633,955		32,410
Foreign government	758,975		15,793		82,057		31,701		841,032		47,494
Fixed maturity securities	$	8,723,575	$	81,947	$	361,235	$	42,266	$	9,084,810	$	124,213

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 March 31, 2022 is presented in the table below:

($ in thousands)	Number of Securities	Aggregate Fair Value		Gross Unrealized Loss
Foreign government	37	$	132,306	$	30,753
Corporate	12	30,071		3,158
State and municipal	1	13,583		1,422
Mortgage-backed	7	1,785		48
Asset-backed	1	37		5
Total	58	$	177,782	$	35,386