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Fixed Maturity Securities In An Unrealized Loss Position (Tables)

6 Months Ended

Jun. 30, 2022

Investments, Debt and Equity Securities [Abstract]

Securities in an unrealized loss position

The following tables summarize all fixed maturity securities in an unrealized loss position at June 30, 2022 and December 31, 2021 by the length of time those securities have been continuously in an unrealized loss position:

			Less Than 12 Months												12 Months or Greater												Total
(In thousands)			Fair Value						Gross Unrealized Losses						Fair Value						Gross Unrealized Losses						Fair Value						Gross Unrealized Losses
June 30, 2022
U.S. government and government agency			$	570,441					$	40,355					$	35,683					$	2,559					$	606,124					$	42,914
State and municipal			1,789,266						92,972						95,746						12,315						1,885,012						105,287
Mortgage-backed			1,223,393						97,556						116,005						21,263						1,339,398						118,819
Asset-backed			3,788,329						124,135						193,620						5,414						3,981,949						129,549
Corporate			4,775,827						277,520						499,270						54,373						5,275,097						331,893
Foreign government			1,292,469						59,376						246,041						52,367						1,538,510						111,743
Fixed maturity securities			$	13,439,725					$	691,914					$	1,186,365					$	148,291					$	14,626,090					$	840,205
December 31, 2021
U.S. government and government agency			$	487,712					$	4,026					$	17,021					$	268					$	504,733					$	4,294
State and municipal			502,333						7,403						29,547						2,156						531,880						9,559
Mortgage-backed			558,751						6,900						106,130						4,762						664,881						11,662
Asset-backed			3,832,944						18,503						75,385						291						3,908,329						18,794
Corporate			2,582,860						29,322						51,095						3,088						2,633,955						32,410
Foreign government			758,975						15,793						82,057						31,701						841,032						47,494
Fixed maturity securities			$	8,723,575					$	81,947					$	361,235					$	42,266					$	9,084,810					$	124,213

Non-Investment Grade Fixed Maturity Securities

A summary of the Company’s non-investment grade fixed maturity securities that were in an unrealized loss position at June 30, 2022 is presented in the table below:

($ in thousands)			Number of Securities						Aggregate Fair Value						Gross Unrealized Loss
Foreign government			42						$	124,609					$	52,655
Corporate			12						46,437						5,739
State and municipal			1						13,248						1,756
Mortgage-backed			11						3,513						144
Asset-backed			3						87						24
Total			69						$	187,894					$	60,318

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Non Investment Grade Marketable Securities Fixed Maturity Securities In An Unrealized Loss Position [Table Text Block]

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Securities In Continuous Unrealized Loss Position.

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