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Investment income
3 Months Ended
Mar. 31, 2013
Investment income

NOTE 4

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

 

     For the Three Months
Ended March 31,
 
     2013     2012  
     ($000 omitted)  

Realized gains

     2,377        1,472   

Realized losses

     (5,684     (27
  

 

 

   

 

 

 
     (3,307     1,445   
  

 

 

   

 

 

 

Expenses assignable to investment income were insignificant. There were no significant investments as of March 31, 2013 that did not produce income during the year.

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

 

     For the Three Months
Ended March 31,
 
     2013      2012  
     ($000 omitted)  

Proceeds from sales of investments available-for-sale

     8,044         33,364   
  

 

 

    

 

 

 

For the three months ended March 31, 2013, investment and other (losses) gains – net included a $5.4 million non-cash charge relating to the early retirement of convertible senior notes offset by a $1.7 million gain on non-title-related insurance policy proceeds.