Net Realized Securities Gains (Losses)

12 Months Ended

Dec. 31, 2017

Gain (Loss) on Investments [Abstract]

The following summarizes net realized securities gains (losses) for each of the three years in the period ended December 31, 2017 (in thousands):



	2017		2016			2015

Net realized gains (losses) on securities	$	13	$	(286	)	$	14,112
Other (1)	23,015		29,828			48,845
	$	23,028	$	29,542		$	62,957

(1) In 2017, primarily relates to a $19.7 million security gain from an investment in a non-public security. In 2015, primarily relates to a recovery of $35.0 million of an investment in a non-public security written down in prior years.

Proceeds from sales of investments classified as available for sale were $0.4 billion, $0.5 billion and $1.9 billion during 2017, 2016 and 2015, respectively. Gross gains of $16.9 million and gross losses of $2.8 million were realized on these sales during 2015. Gross gains and gross losses for 2017 and 2016 were not material.

- Definition

Tabular disclosure of the realized and unrealized gains and losses reported in the statement of income which have resulted from the sale and holding of marketable securities, respectively, as well as the sale or disposal of cost method investments. Such amounts would include realized gains and losses on the sale or disposal of trading, available-for-sale, and held-to-maturity securities, unrealized gains and losses on trading securities, unrealized gains and losses on available-for-sale and held-to-maturity securities transferred to the trading securities category, realized gains and losses on the sale or disposal of cost method investments, and losses recognized for other than temporary impairments (OTTI) of such investments.

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