Investment and other gains - net (Tables)

9 Months Ended

Sep. 30, 2019

Investments, Debt and Equity Securities [Abstract]

Gross realized investment and other gains and losses

Investments and other gains (losses) are detailed as follows:

	Three Months Ended   September 30,				Nine Months Ended   September 30,
	2019		2018		2019		2018
	($000 omitted)
Investment and other gains	50,237		1,597		51,190		2,763
Investment and other losses	(3,038	)	(151	)	(3,402	)	(220	)
Net unrealized investment (losses) gains recognized on equity securities still held at September 30	(294	)	2,177		2,942		1,802
	46,905		3,623		50,730		4,345

Investments in equity securities still held

The total fair values of the Company's investments in debt and equity securities are as follows:

	September 30, 2019	December 31, 2018
	($000 omitted)
Investments in:
Debt securities	561,986	602,020
Equity securities	37,207	33,997
	599,193	636,017

nvestment gains and losses recognized during the periods ended September 30, 2019 and 2018 related to investments in equity securities are as follows:

	Three Months Ended   September 30,			Nine Months Ended   September 30,
	2019		2018	2019	2018
	($000 omitted)
Net investment (losses) gains recognized on equity securities during the period	(171	)	2,775	3,222	2,161
Less: Net realized gains on equity securities sold during the period	123		598	280	359
Net unrealized investment (losses) gains recognized on equity securities still held at September 30	(294	)	2,177	2,942	1,802

Proceeds from sale of investments in securities

The total fair values of the Company's investments in debt and equity securities are as follows:

	September 30, 2019	December 31, 2018
	($000 omitted)
Investments in:
Debt securities	561,986	602,020
Equity securities	37,207	33,997
	599,193	636,017

The amortized costs and fair values of investments in debt securities are as follows:

	September 30, 2019		December 31, 2018
	Amortized costs	Fair values	Amortized costs	Fair values
	($000 omitted)
Municipal	53,315	54,964	61,779	61,934
Corporate	299,355	311,148	333,289	328,495
Foreign	186,523	189,308	200,667	198,938
U.S. Treasury Bonds	6,541	6,566	12,951	12,653
	545,734	561,986	608,686	602,020

Proceeds from sales of investments in securities are as follows: 

	Three Months Ended   September 30,		Nine Months Ended   September 30,
	2019	2018	2019	2018
	($000 omitted)
Proceeds from sales of debt securities	10,227	6,326	19,279	27,475
Proceeds from sales of equity securities	720	452	1,620	5,025
Total proceeds from sales of investments in securities	10,947	6,778	20,899	32,500