Net realized and unrealized (losses) gains (Tables)

6 Months Ended

Jun. 30, 2020

Investments, Debt and Equity Securities [Abstract]

Gross realized investment and other gains and losses

Realized and unrealized gains and losses are detailed as follows:

	Three Months Ended   June 30,				Six Months Ended   June 30,
	2020		2019		2020		2019
	($000 omitted)
Realized gains	1,355		791		1,508		953
Realized losses	(657	)	(59	)	(1,347	)	(363	)
Net unrealized investment gains (losses) recognized on equity securities still held at June 30	4,366		(310	)	(6,188	)	3,236
	5,064		422		(6,027	)	3,826

Investments in equity securities still held

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

	June 30, 2020	December 31, 2019
	($000 omitted)
Investments in:
Debt securities	612,891	605,721
Equity securities	32,456	39,318
	645,347	645,039

Investment gains and losses recognized related to investments in equity securities are as follows:

	Three Months Ended   June 30,				Six Months Ended   June 30,
	2020		2019		2020		2019
	($000 omitted)
Net investment gains (losses) recognized on equity securities during the period	3,966		(264	)	(7,095	)	3,393
Less: Net realized (losses) gains on equity securities sold during the period	(400	)	46		(907	)	157
Net unrealized investment gains (losses) recognized on equity securities still held at June 30	4,366		(310	)	(6,188	)	3,236

Proceeds from sale of investments in securities

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

	June 30, 2020	December 31, 2019
	($000 omitted)
Investments in:
Debt securities	612,891	605,721
Equity securities	32,456	39,318
	645,347	645,039

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

	June 30, 2020		December 31, 2019
	Amortized costs	Fair values	Amortized costs	Fair values
	($000 omitted)
Municipal	47,635	50,068	52,176	53,823
Corporate	301,299	319,972	299,074	309,142
Foreign	226,561	236,224	234,734	236,073
U.S. Treasury Bonds	6,559	6,627	6,664	6,683
	582,054	612,891	592,648	605,721

Proceeds from sales of investments in securities are as follows: 

	Three Months Ended   June 30,		Six Months Ended   June 30,
	2020	2019	2020	2019
	($000 omitted)
Proceeds from sales of debt securities	3,270	2,734	14,773	9,052
Proceeds from sales of equity securities	433	260	726	900
Total proceeds from sales of investments in securities	3,703	2,994	15,499	9,952