

	June 30, 2019
(In thousands)	Amortized Cost		Fair Value		Gross Unrealized Gains		Gross Unrealized Losses
Fixed-maturities available for sale:
U.S. government and agency securities	$	84,807	$	85,922	$	1,151	$	36
State and municipal obligations	100,214		107,962		7,750		2
Corporate bonds and notes	2,192,119		2,272,269		81,488		1,338
RMBS	425,138		433,773		10,060		1,425
CMBS	557,353		571,923		15,302		732
Other ABS	661,898		661,089		2,166		2,975
Foreign government and agency securities	5,088		5,168		80		—
Total securities available for sale, including loaned securities	4,026,617		4,138,106		$	117,997	$	6,508
Less: loaned securities	23,250		24,456
Total fixed-maturities available for sale	$	4,003,367	$	4,113,650



	December 31, 2018
(In thousands)	Amortized Cost		Fair Value		Gross Unrealized Gains		Gross Unrealized Losses
Fixed-maturities available for sale:
U.S. government and agency securities	$	85,532	$	84,070	$	46	$	1,508
State and municipal obligations	138,022		138,313		2,191		1,900
Corporate bonds and notes	2,288,720		2,229,885		5,053		63,888
RMBS	334,843		332,142		1,785		4,486
CMBS	546,729		539,915		544		7,358
Other ABS	712,748		704,662		814		8,900
Total securities available for sale, including loaned securities	4,106,594		4,028,987		$	10,433	$	88,040
Less: loaned securities	7,632		7,412
Total fixed-maturities available for sale	$	4,098,962	$	4,021,575

For securities deemed “available for sale” and that are in an unrealized loss position, the following tables show the gross unrealized losses and fair values, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, as of the dates indicated. Included in the amounts as of June 30, 2019 and December 31, 2018 are loaned securities under securities lending agreements that are classified as other assets in our condensed consolidated balance sheets, as further described below.



	June 30, 2019
($ in thousands) Description of Securities	Less Than 12 Months					12 Months or Greater					Total
($ in thousands) Description of Securities	# of securities	Fair Value		Unrealized Losses		# of securities	Fair Value		Unrealized Losses		# of securities	Fair Value		Unrealized Losses
U.S. government and agency securities	—	$	—	$	—	4	$	12,370	$	36	4	$	12,370	$	36
State and municipal obligations	1	3,249		1		1	999		1		2	4,248		2
Corporate bonds and notes	19	82,685		586		27	102,857		752		46	185,542		1,338
RMBS	1	32		1		24	58,905		1,424		25	58,937		1,425
CMBS	16	33,267		555		10	6,751		177		26	40,018		732
Other ABS	42	198,836		1,188		44	167,724		1,787		86	366,560		2,975
Total	79	$	318,069	$	2,331	110	$	349,606	$	4,177	189	$	667,675	$	6,508



	December 31, 2018
($ in thousands) Description of Securities	Less Than 12 Months					12 Months or Greater					Total
($ in thousands) Description of Securities	# of securities	Fair Value		Unrealized Losses		# of securities	Fair Value		Unrealized Losses		# of securities	Fair Value		Unrealized Losses
U.S. government and agency securities	2	$	27,415	$	796	8	$	23,476	$	712	10	$	50,891	$	1,508
State and municipal obligations	12	41,263		955		16	39,982		945		28	81,245		1,900
Corporate bonds and notes	330	1,208,430		36,284		126	601,533		27,604		456	1,809,963		63,888
RMBS	15	92,315		782		28	77,395		3,704		43	169,710		4,486
CMBS	62	328,696		3,973		33	125,728		3,385		95	454,424		7,358
Other ABS	129	503,109		7,917		26	89,628		983		155	592,737		8,900
Total	550	$	2,201,228	$	50,707	237	$	957,742	$	37,333	787	$	3,158,970	$	88,040

Although we held available for sale securities in an unrealized loss position as of June 30, 2019, we did not consider those securities to be other-than-temporarily impaired as of such date. For all investment categories, the unrealized losses of 12 months or greater duration as of June 30, 2019 were generally caused by interest rate or credit spread movements since the purchase date, and as such, we expect to recover the amortized cost basis of these securities. As of June 30, 2019, we did not have the intent to sell any available for sale securities in an unrealized loss position, and we determined that it is more likely than not that we will not be required to sell the securities before recovery of their cost basis, which may be at maturity; therefore, we did not consider these investments to be other-than-temporarily impaired at June 30, 2019.

Other-than-temporary Impairment Activity. To the extent we determine that a security is deemed to have had an other-than-temporary impairment, an impairment loss is recognized. We recognized no other-than-temporary impairment losses in earnings during the six months ended June 30, 2019 and $0.8 million of other-than-temporary impairment losses in earnings for the six months ended June 30, 2018. There were no other-than-temporary impairment losses recognized in accumulated other comprehensive income (loss) for those periods.

We participate in a securities lending program whereby we loan certain securities in our investment portfolio to third-party borrowers for short periods of time. Although we report such securities at fair value within other assets in our condensed consolidated balance sheets, rather than within investments, the detailed information we provide in this Note 5 includes these securities. See Note 4 for additional detail on the loaned securities, and see Notes 2 and 6 of Notes to Consolidated Financial

Statements in our 2018 Form 10-K for additional information about our accounting policies with respect to our securities lending agreements and the collateral requirements thereunder, respectively.

All of our securities lending agreements are classified as overnight and revolving. Securities collateral on deposit with us from third-party borrowers totaling $9.0 million and $16.8 million as of June 30, 2019 and December 31, 2018, respectively, may not be transferred or re-pledged unless the third-party borrower is in default, and is therefore not reflected in our condensed consolidated financial statements.



	Three Months Ended June 30,					Six Months Ended June 30,
(In thousands)	2019		2018			2019			2018
Net realized gains (losses):
Fixed-maturities available for sale (1)	$	1,303	$	(1,691	)	$	808		$	(4,811	)
Trading securities	274		(112		)	(410		)	(650		)
Equity securities	—		498			(680		)	640
Other investments	144		217			316			291
Net realized gains (losses) on investments	1,721		(1,088		)	34			(4,530		)
Other-than-temporary impairment losses	—		—			—			(844		)
Net unrealized gains (losses) on investments	9,117		(5,733		)	28,586			(18,537		)
Total net gains (losses) on investments	$	10,838	$	(6,821	)	$	28,620		$	(23,911	)

(1)Components of net realized gains (losses) on fixed-maturities available for sale include:



	Three Months Ended June 30,						Six Months Ended June 30,
(In thousands)	2019			2018			2019			2018
Gross investment gains from sales and redemptions	$	2,064		$	419		$	6,229		$	1,017
Gross investment losses from sales and redemptions	(761		)	(2,110		)	(5,421		)	(5,828		)

The net changes in unrealized gains (losses) recognized in earnings on investments that were still held at each period-end were as follows:



	Three Months Ended June 30,					Six Months Ended June 30,
(In thousands)	2019		2018			2019		2018
Net unrealized gains (losses) on investments still held:
Trading securities	$	7,608	$	(5,816	)	$	15,027	$	(16,755	)
Equity securities	1,404		224			8,600		(702		)
Other investments	138		89			7		212
Net unrealized gains (losses) on investments still held	$	9,150	$	(5,503	)	$	23,634	$	(17,245	)



	June 30, 2019
	Available for Sale
(In thousands)	Amortized Cost		Fair Value
Due in one year or less (1)	$	102,282	$	102,313
Due after one year through five years (1)	863,246		878,955
Due after five years through 10 years (1)	1,041,249		1,087,023
Due after 10 years (1)	375,451		403,030
RMBS (2)	425,138		433,773
CMBS (2)	557,353		571,923
Other ABS (2)	661,898		661,089
Total	4,026,617		4,138,106
Less: loaned securities	23,250		24,456
Total fixed-maturities available for sale	$	4,003,367	$	4,113,650

Our fixed-maturities available for sale include securities totaling $112.6 million and $88.4 million at June 30, 2019 and December 31, 2018, respectively, serving as collateral for our FHLB advances. See Note 11 for additional information about our FHLB advances.

Our fixed-maturities available for sale include securities totaling $16.8 million and $17.6 million at June 30, 2019 and December 31, 2018, respectively, on deposit and serving as collateral with various state regulatory authorities.