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Investments
3 Months Ended
Sep. 30, 2020
Investments  
Investments

3.           Investments

Fixed-Maturity and Equity Securities Investments

The following tables provide information relating to investments in fixed-maturity and equity securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized

 

Unrealized

 

 

 

September 30,  2020

    

Cost

    

Gains

    

Losses

    

Fair Value

 

 

(Amounts in thousands)

 

 

 

  

 

 

  

 

 

  

 

 

  

Equity securities

 

 

 

 

 

 

 

 

 

 

 

 

Common stock and common stock options

 

$

8,173

 

$

294

 

$

(3,596)

 

$

4,871

Preferred stock

 

 

2,883

 

 

 —

 

 

 —

 

 

2,883

Total equity securities

 

$

11,056

 

$

294

 

$

(3,596)

 

$

7,754

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortized 

 

Unrealized 

 

Unrealized 

 

 

 

 

    

Cost

    

Gains

    

Losses

    

Fair Value

Fixed-maturity securities

 

 

  

 

 

  

 

 

  

 

 

  

Corporate debt

 

$

20,892

 

$

 —

 

$

(6,108)

 

$

14,784

Total fixed-maturity securities

 

$

20,892

 

$

 —

 

$

(6,108)

 

$

14,784

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized 

 

Unrealized 

 

 

 

June 30,  2020

    

Cost

    

Gains

    

Losses

    

Fair Value

 

 

(Amounts in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity securities

 

 

  

 

 

  

 

 

  

 

 

  

Common stock and common stock options

 

$

6,746

 

$

203

 

$

(2,460)

 

$

4,489

Preferred stock

 

 

2,883

 

 

 —

 

 

 —

 

 

2,883

Total equity securities

 

$

9,629

 

$

203

 

$

(2,460)

 

$

7,372

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortized 

 

Unrealized 

 

Unrealized

 

 

 

 

    

Cost

    

Gains

    

Losses

    

Fair Value

Fixed-maturity securities

 

 

  

 

 

  

 

 

  

 

 

  

Corporate debt

 

$

26,594

 

$

455

 

$

(5,620)

 

$

21,429

Total fixed-maturity securities

 

$

26,594

 

$

455

 

$

(5,620)

 

$

21,429

 

During the three months ended September 30, 2020 and 2019, we reported unrealized losses on equity securities, net, of $1,045,000 and unrealized gains on equity securities, net, of $469,000 within our consolidated statements of operations, respectively.  During the three months ended September 30, 2020 and 2019, we reported $532,000 and $1,076,000 realized gains on the sale of debt and equity securities within our consolidated statements of operations, respectively.

Maturities of Fixed-Maturity Securities Available-for-Sale

The amortized cost and fair values of fixed-maturity securities available for sale as of September 30, 2020 are shown by contractual maturity in the table below. Actual maturities can differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

 

 

 

 

 

 

 

 

 

 

Amortized

 

 

 

Fixed-Maturity Securities

    

Cost

    

Fair Value

 

 

(Amounts in thousands)

Due after one year through three years

 

$

12,759

 

$

8,041

Due after three years through five years

 

 

 —

 

 

 —

Due after five years through ten years

 

 

8,133

 

 

6,743

Total fixed-maturity securities

 

$

20,892

 

$

14,784