Investments (Tables)

6 Months Ended

Jun. 30, 2021


	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
	(in thousands)
Held to Maturity
U.S. Treasury securities and obligations of U.S. government corporations and agencies	$	89,716	$	2,839	$	649	$	91,906
Obligations of states and political subdivisions		346,517		20,073		788		365,802
Corporate securities		188,162		15,061		267		202,956
Mortgage-backed securities		19,453		1,005		—		20,458

Totals	$	643,848	$	38,978	$	1,704	$	681,122


	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
	(in thousands)
Available for Sale
U.S. Treasury securities and obligations of U.S. government corporations and agencies	$	22,508	$	257	$	439	$	22,326
Obligations of states and political subdivisions		59,378		2,366		31		61,713
Corporate securities		201,634		9,644		202		211,076
Mortgage-backed securities		222,814		5,068		417		227,465

Totals	$	506,334	$	17,335	$	1,089	$	522,580


	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
	(in thousands)
Held to Maturity
U.S. Treasury securities and obligations of U.S. government corporations and agencies	$	77,435	$	3,984	$	223	$	81,196
Obligations of states and political subdivisions		312,319		23,212		143		335,388
Corporate securities		173,270		18,172		206		191,236
Mortgage-backed securities		23,585		1,236		—		24,821

Totals	$	586,609	$	46,604	$	572	$	632,641


	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
	(in thousands)
Available for Sale
U.S. Treasury securities and obligations of U.S. government corporations and agencies	$	47,512	$	424	$	121	$	47,815
Obligations of states and political subdivisions		66,287		2,690		12		68,965
Corporate securities		202,396		10,496		184		212,708
Mortgage-backed securities		218,763		6,902		17		225,648

Totals	$	534,958	$	20,512	$	334	$	555,136


	Amortized Cost		Estimated Fair Value
	(in thousands)
Held to maturity
Due in one year or less	$	38,641	$	39,762
Due after one year through five years		83,282		88,929
Due after five years through ten years		224,135		237,348
Due after ten years		278,337		294,625
Mortgage-backed securities		19,453		20,458

Total held to maturity	$	643,848	$	681,122


Available for sale
Due in one year or less	$	26,146	$	26,621
Due after one year through five years		131,837		138,624
Due after five years through ten years		96,413		99,711
Due after ten years		29,124		30,159
Mortgage-backed securities		222,814		227,465

Total available for sale	$	506,334	$	522,580

The cost and estimated fair values of our equity securities at June 30, 2021 were as follows:

The cost and estimated fair values of our equity securities at December 31, 2020 were as follows:

Gross investment gains and losses before applicable income taxes for the three months and six months ended June 30, 2021 and 2020 were as follows:

We held fixed maturities with unrealized losses representing declines that we considered temporary at June 30, 2021 as follows:


	Less Than 12 Months				More Than 12 Months
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	(in thousands)
U.S. Treasury securities and obligations of U.S. government corporations and agencies	$	38,202	$	1,088	$	—	$	—
Obligations of states and political subdivisions		45,446		819		—		—
Corporate securities		38,846		344		3,375		125
Mortgage-backed securities		55,930		415		487		2

Totals	$	178,424	$	2,666	$	3,862	$	127

We held fixed maturities with unrealized losses representing declines that we considered temporary at December 31, 2020 as follows:


	Less Than 12 Months				More Than 12 Months
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	(in thousands)
U.S. Treasury securities and obligations of U.S. government corporations and agencies	$	29,144	$	345	$	—	$	—
Obligations of states and political subdivisions		9,362		154		—		—
Corporate securities		26,143		115		8,230		276
Mortgage-backed securities		3,091		15		236		1

Totals	$	67,740	$	629	$	8,466	$	277