NOTE 4

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


	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2013			2012			2013			2012
	($000 omitted)
Realized gains		1,523			1,878			3,900			3,349
Realized losses		(1,400	)		(789	)		(7,084	)		(816	)

		123			1,089			(3,184	)		2,533

Expenses assignable to investment income were insignificant. There were no significant investments as of June 30, 2013 that did not produce income during the year.

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


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2013		2012		2013		2012
	($000 omitted)
Proceeds from sales of investments available-for-sale		22,045		35,314		30,089		68,678

For the six months ended June 30, 2013, investment and other (losses) gains – net included a $5.4 million non-cash charge relating to the early retirement of convertible senior notes and a $1.5 million loss on the sale of an equity investment partially offset by realized gains of $1.9 million from the sale of debt and equity investments available-for-sale and $1.7 million gain on non-title-related insurance policy proceeds.

For the six months ended June 30, 2012, investment and other gains – net included realized gains of $1.9 million from the sale of debt and equity investments available-for-sale.