Fixed Maturity Securities In An Unrealized Loss Position (Tables)

6 Months Ended

Jun. 30, 2023

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, 2023 and December 31, 2022 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, 2023
U.S. government and government agency	$	450,681	$	8,273	$	554,499	$	62,453	$	1,005,180	$	70,726
State and municipal	813,039		14,144		1,397,956		130,851		2,210,995		144,995
Mortgage-backed	616,445		14,056		1,136,423		175,973		1,752,868		190,029
Asset-backed	779,215		7,721		2,627,475		108,315		3,406,690		116,036
Corporate	2,378,238		55,011		3,985,296		323,373		6,363,534		378,384
Foreign government	406,495		30,334		835,156		98,749		1,241,651		129,083
Fixed maturity securities	$	5,444,113	$	129,539	$	10,536,805	$	899,714	$	15,980,918	$	1,029,253
December 31, 2022
U.S. government and government agency	$	285,391	$	10,219	$	453,520	$	58,939	$	738,911	$	69,158
State and municipal	1,720,443		89,272		598,797		79,320		2,319,240		168,592
Mortgage-backed	1,099,549		75,430		473,318		115,528		1,572,867		190,958
Asset-backed	1,569,647		48,390		2,176,638		103,932		3,746,285		152,322
Corporate	3,690,856		150,115		2,349,281		256,631		6,040,137		406,746
Foreign government	477,672		29,815		711,786		105,243		1,189,458		135,058
Fixed maturity securities	$	8,843,558	$	403,241	$	6,763,340	$	719,593	$	15,606,898	$	1,122,834

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, 2023 is presented in the table below:

($ in thousands)	Number of Securities	Aggregate Fair Value		Gross Unrealized Loss
Foreign government	28	$	104,753	$	76,573
Corporate	14	25,942		4,052
State and municipal	1	7,971		2,031
Mortgage-backed	14	4,393		226
Asset-backed	2	17		6
Total	59	$	143,076	$	82,888