Investment income

9 Months Ended

Sep. 30, 2015

Investments, Debt and Equity Securities [Abstract]

Investment income

Investment income. Gross realized investment and other gains and losses follows:

	For the Three Months Ended   September 30,				For the Nine Months Ended   September 30,
	2015		2014		2015		2014
	($000 omitted)
Realized gains	968		1,722		3,195		2,429
Realized losses	(912	)	(55	)	(1,600	)	(1,286	)
	56		1,667		1,595		1,143

Expenses assignable to investment income were insignificant. There were no significant investments as of September 30, 2015 that did not produce income during the year.

For the nine months ended September 30, 2015 and 2014, investment and other gains – net included $0.4 million and $1.1 million, respectively, of non-cash charges relating to office closure costs, offset by net realized gains from the sale of investments available-for-sale and other assets.

Proceeds from the sale of investments available-for-sale follows:

	For the Three Months Ended   September 30,		For the Nine Months Ended   September 30,
	2015	2014	2015	2014
	($000 omitted)
Proceeds from sale of investments available-for-sale	15,809	31,302	60,314	45,777