Investment and other (losses) gains - net

3 Months Ended

Mar. 31, 2018

Investments, Debt and Equity Securities [Abstract]

Investment and other (losses) gains - net

Investment and other (losses) gains - net. Investments and other (losses) gains are detailed as follows:

	Three Months Ended   March 31,
	2018		2017
	($000 omitted)
Realized gains	720		566
Realized losses	(188	)	(279	)
Net unrealized investment losses recognized on equity securities held	(2,203	)	—
	(1,671	)	287

Following the adoption of ASU 2016-01 discussed in Notes 1 and 3, the portion of net investment losses recognized during the three-month period ended March 31, 2018 related to investments in equity securities still held as of March 31, 2018 is calculated as follows ($000 omitted):

Total net investment losses recognized on equity securities during the period	(2,226	)
Less: Net realized losses on equity securities sold during the period	(23	)
Net unrealized investment losses recognized on equity securities still held	(2,203	)

Proceeds from sales of investments in securities are as follows:

	Three Months Ended   March 31,
	2018	2017
	($000 omitted)
Proceeds from sale of debt securities	13,146	15,050
Proceeds from sale of equity securities	2,220	793
Total proceeds from sale of investment in securities	15,366	15,843