Fair Value (Tables)

6 Months Ended

Jun. 30, 2019

			Fair Value Measurement Using:
			Quoted Prices
			in Active		Significant
			Markets for		Other		Significant
			Identical		Observable		Unobservable
			Assets		Inputs		Inputs
(Dollars in thousands)	June 30, 2019		(Level 1)		(Level 2)		(Level 3)
Assets:
Fixed maturities, market value
U.S. Treasury securities and obligations of
U.S. government agencies and corporations	$	901,249	$	-	$	901,249	$	-
Obligations of U.S. States and political subdivisions		527,706		-		527,706		-
Corporate securities		2,554,690		-		2,082,461		472,229
Asset-backed securities		517,207		-		517,207		-
Mortgage-backed securities
Commercial		286,611		-		286,611		-
Agency residential		616,591		-		616,591		-
Non-agency residential		2,704		-		2,704		-
Foreign government securities		535,728		-		535,728		-
Foreign corporate securities		1,029,485		-		1,027,392		2,093
Total fixed maturities, market value		6,971,971		-		6,497,649		474,322

Fixed maturities, fair value		-		-		-		-
Equity securities, fair value		751,642		690,230		61,412		-
Other invested assets, fair value		1,892,988		-		-		1,892,988

			Fair Value Measurement Using:
			Quoted Prices
			in Active		Significant
			Markets for		Other		Significant
			Identical		Observable		Unobservable
			Assets		Inputs		Inputs
(Dollars in thousands)	December 31, 2018		(Level 1)		(Level 2)		(Level 3)
Assets:
Fixed maturities, market value
U.S. Treasury securities and obligations of
U.S. government agencies and corporations	$	2,242,797	$	-	$	2,242,797	$	-
Obligations of U.S. States and political subdivisions		499,089		-		499,089		-
Corporate securities		2,216,153		-		1,839,903		376,250
Asset-backed securities		221,255		-		221,255		-
Mortgage-backed securities
Commercial		136,604		-		136,604		-
Agency residential		148,774		-		148,774		-
Non-agency residential		3,114		-		3,114		-
Foreign government securities		579,586		-		579,586		-
Foreign corporate securities		914,703		-		906,959		7,744
Total fixed maturities, market value		6,962,075		-		6,578,081		383,994

Fixed maturities, fair value		2,337		-		-		2,337
Equity securities, fair value		564,338		540,894		23,444		-
Other invested assets, fair value		1,717,336		-		-		1,717,336

	Total Fixed Maturities, Market Value
	Three Months Ended June 30, 2019									Six Months Ended June 30, 2019
	Corporate			Foreign						Corporate		Foreign
(Dollars in thousands)	Securities			Corporate			Total			Securities		Corporate			Total
Beginning balance	$	367,178		$	7,298		$	374,476		$	376,250	$	7,744		$	383,994
Total gains or (losses) (realized/unrealized)
Included in earnings		(2,528	)		(238	)		(2,766	)		2,330		(119	)		2,211
Included in other comprehensive income (loss)		1,870			-			1,870			2,444		-			2,444
Purchases, issuances and settlements		101,732			(4,967	)		96,765			89,686		(5,532	)		84,154
Transfers in and/or (out) of Level 3		3,977			-			3,977			1,519		-			1,519
Ending balance	$	472,229		$	2,093		$	474,322		$	472,229	$	2,093		$	474,322

The amount of total gains or losses for the period included
in earnings (or changes in net assets) attributable to the
change in unrealized gains or losses relating to assets
still held at the reporting date	$	-		$	-		$	-		$	-	$	-		$	-

(Some amounts may not reconcile due to rounding.)

	Total Fixed Maturities, Market Value
	Three Months Ended June 30, 2018							Six Months Ended June 30, 2018
	Corporate		Foreign					Corporate		Foreign
(Dollars in thousands)	Securities		Corporate			Total		Securities		Corporate			Total
Beginning balance	$	168,590	$	11,368		$	179,958	$	158,221	$	6,952		$	165,173
Total gains or (losses) (realized/unrealized)
Included in earnings		623		(504	)		119		1,345		(410	)		935
Included in other comprehensive income (loss)		190		-			190		425		-			425
Purchases, issuances and settlements		159,846		1			159,847		169,258		4,323			173,581
Transfers in and/or (out) of Level 3		-		1,750			1,750		-		1,750			1,750
Ending balance	$	329,249	$	12,615		$	341,864	$	329,249	$	12,615		$	341,864

The amount of total gains or losses for the period included
in earnings (or changes in net assets) attributable to the
change in unrealized gains or losses relating to assets
still held at the reporting date	$	-	$	-		$	-	$	-	$	-		$	-

(Some amounts may not reconcile due to rounding.)

	Total Fixed Maturities, Fair Value
	Three Months Ended June 30, 2019						Six Months Ended June 30, 2019
	Foreign						Foreign
(Dollars in thousands)	Corporate			Total			Corporate			Total
Beginning balance fixed maturities at fair value	$	2,350		$	2,350		$	2,337		$	2,337
Total gains or (losses) (realized/unrealized)
Included in earnings		356			356			369			369
Included in other comprehensive income (loss)		-			-			-			-
Purchases, issuances and settlements		(2,706	)		(2,706	)		(2,706	)		(2,706	)
Transfers in and/or (out) of Level 3		-			-			-			-
Ending balance	$	-		$	-		$	-		$	-

The amount of total gains or losses for the period included
in earnings (or changes in net assets) attributable to the
change in unrealized gains or losses relating to assets
still held at the reporting date	$	-		$	-		$	-		$	-

(Some amounts may not reconcile due to rounding.)

	Total Fixed Maturities, Fair Value
	Three Months Ended June 30, 2018						Six Months Ended June 30, 2018
	Foreign						Foreign
(Dollars in thousands)	Corporate			Total			Corporate			Total
Beginning balance fixed maturities at fair value	$	1,821		$	1,821		$	-		$	-
Total gains or (losses) (realized/unrealized)
Included in earnings		(142	)		(142	)		(156	)		(156	)
Included in other comprehensive income (loss)		32			32			32			32
Purchases, issuances and settlements		1,481			1,481			3,316			3,316
Transfers in and/or (out) of Level 3		-			-			-			-
Ending balance	$	3,192		$	3,192		$	3,192		$	3,192

The amount of total gains or losses for the period included
in earnings (or changes in net assets) attributable to the
change in unrealized gains or losses relating to assets
still held at the reporting date	$	-		$	-		$	-		$	-

(Some amounts may not reconcile due to rounding.)


	Three Months Ended					Six Months Ended
	June 30,					June 30,
(Dollars in thousands)	2019		2018			2019		2018
Other invested assets, fair value:
Beginning balance	$	1,767,963	$	1,770,684		$	1,717,336	$	1,807,473
Total gains or (losses) (realized/unrealized)		-
Included in earnings		125,025		(65,647	)		175,652		(102,436	)
Included in other comprehensive income (loss)		-		-			-		-
Purchases, issuances and settlements		-		-			-		-
Transfers in and/or (out) of Level 3		-		-			-		-
Ending balance	$	1,892,988	$	1,705,037		$	1,892,988	$	1,705,037

The amount of total gains or losses for the period included in earnings
(or changes in net assets) attributable to the change in unrealized
gains or losses relating to assets still held at the reporting date	$	-	$	-		$	-	$	-

(Some amounts may not reconcile due to rounding.)