Investment and other gains - net (Tables)

3 Months Ended

Mar. 31, 2020

Investments, Debt and Equity Securities [Abstract]

Gross realized investment and other gains and losses

are detailed as follows:

		Three Months Ended   March 31,
		2020		2019
	($000 omitted)
Investment and other gains		153		162
Investment and other losses		(690	)	(305	)
Net unrealized investment (losses) gains recognized on equity securities still held at March 31		(10,554	)	3,546
		(11,091	)	3,403

Investments in equity securities still held

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

	March 31, 2020	December 31, 2019
	($000 omitted)
Investments in:
Debt securities	584,153	605,721
Equity securities	28,250	39,318
	612,403	645,039

Investment gains and losses recognized during the periods ended March 31, 2020 and 2019 related to investments in equity securities are as follows:

		Three Months Ended   March 31,
		2020		2019
	($000 omitted)
Net investment (losses) gains recognized on equity securities during the period		(11,061	)	3,657
Less: Net realized (losses) gains on equity securities sold during the period		(507	)	111
Net unrealized investment (losses) gains recognized on equity securities still held at March 31		(10,554	)	3,546

Proceeds from sale of investments in securities

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

	March 31, 2020	December 31, 2019
	($000 omitted)
Investments in:
Debt securities	584,153	605,721
Equity securities	28,250	39,318
	612,403	645,039

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

	March 31, 2020		December 31, 2019
	Amortized costs	Fair values	Amortized costs	Fair values
	($000 omitted)
Municipal	48,780	50,348	52,176	53,823
Corporate	300,203	302,527	299,074	309,142
Foreign	218,918	224,681	234,734	236,073
U.S. Treasury Bonds	6,547	6,597	6,664	6,683
	574,448	584,153	592,648	605,721

Proceeds from sales of investments in securities are as follows: 

		Three Months Ended   March 31,
		2020	2019
	($000 omitted)
Proceeds from sales of debt securities		11,503	6,318
Proceeds from sales of equity securities		293	640
Total proceeds from sales of investments in securities		11,796	6,958