Schedule III - Summay of Investments - Other Than Investments in Related Parties

12 Months Ended

Dec. 31, 2012

Summary of Investments, Other than Investments in Related Parties [Abstract]

Schedule III - Summary of Investments, Other than Investments in Related Parties



Types of investment
($ in thousands)	Amortized Cost or Cost		Fair Value	Carrying Amount
Fixed maturity securities:
Held-to-maturity:
Foreign government obligations	$	5,292	5,871	5,504
Obligations of states and political subdivisions	491,180		526,922	497,949
Public utilities	13,454		15,098	13,393
Corporate securities	24,831		27,023	24,080
Asset-backed securities	6,980		7,098	5,928
Commercial mortgage-backed securities	8,406		12,649	7,215
Total fixed maturity securities, held-to-maturity	550,143		594,661	554,069

Available-for-sale:
U.S. government and government agencies	241,874		259,092	259,092
Foreign government obligations	28,813		30,229	30,229
Obligations of states and political subdivisions	773,953		818,024	818,024
Public utilities	117,573		124,200	124,200
Corporate securities	1,251,381		1,326,048	1,326,048
Asset-backed securities	126,330		128,640	128,640
Commercial mortgage-backed securities	133,763		137,119	137,119
Residential mortgage-backed securities	456,996		472,661	472,661
Total fixed maturity securities, available-for-sale	3,130,683		3,296,013	3,296,013

Equity securities:
Common stock:
Public utilities	4,427		4,554	4,554
Banks, trust and insurance companies	19,676		21,868	21,868
Industrial, miscellaneous and all other	108,338		124,960	124,960
Total equity securities, available-for-sale	132,441		151,382	151,382
Short-term investments	214,479		214,479	214,479
Other investments	114,076			114,076
Total investments	$	4,141,822		4,330,019

- Definition

The entire disclosure for the schedule applicable to insurance companies summarizing investments held as of the most recent audited balance sheet. At a minimum, such summary is by three major categories of investments including: (1) fixed maturities primarily consisting of bonds, including convertibles and bonds with warrants, and redeemable preferred stocks, (2) equity securities primarily consisting of common stocks and nonredeemable preferred stocks, and (3) other investments including mortgage loans on real estate, real estate held for investment, real estate acquired in satisfaction of debt, policy loans, other long-term investments, and short-term investments not otherwise categorized. The information provided with respect to each item within each category includes: (A) the original cost of equity securities and, as to fixed maturity securities, original cost reduced by repayments and adjusted for amortization of premiums or accrual of discounts, (B) fair value as of the reporting date, and (C) the amount at which the item within each category is shown in the statement of financial position; with respect to (C), if the amount at which shown in the statement of financial position is different from the items original [amortized] cost or fair value, an explanation of the difference may be included herein.

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