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Investments (Tables)
12 Months Ended
Dec. 31, 2015
Investment [Line Items]  
Schedule of Unrealized Gains On Investments
($ in thousands)
 
2015
 
2014
 
2013
AFS securities:
 
 

 
 

 
 

Fixed income securities
 
$
55,689

 
90,336

 
39,559

Equity securities
 
13,235

 
32,389

 
37,421

Total AFS securities
 
68,924

 
122,725

 
76,980

 
 
 
 
 
 
 
HTM securities:
 
 

 
 

 
 

Fixed income securities
 
300

 
958

 
2,257

Total HTM securities
 
300

 
958

 
2,257

 
 
 
 
 
 
 
Total net unrealized gains
 
69,224

 
123,683

 
79,237

Deferred income tax expense
 
(24,228
)
 
(43,289
)
 
(27,733
)
Net unrealized gains, net of deferred income tax
 
44,996

 
80,394

 
51,504

 
 
 
 
 
 
 
(Decrease) increase in net unrealized gains in OCI, net of deferred income tax
 
$
(35,398
)
 
28,890

 
(70,824
)
Schedule of Held-to-maturity Securities
December 31, 2015
 
 
 
Net
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized
 
 
 
Unrecognized
 
Unrecognized
 
 
 
 
Amortized
 
Gains
 
Carrying
 
Holding
 
Holding
 
Fair
($ in thousands)
 
Cost
 
(Losses)
 
Value
 
Gains
 
Losses
 
Value
Obligations of state and political subdivisions
 
$
175,269

 
848

 
176,117

 
5,763

 

 
181,880

Corporate securities
 
20,228

 
(185
)
 
20,043

 
1,972

 

 
22,015

ABS
 
1,030

 
(120
)
 
910

 
118

 

 
1,028

CMBS
 
4,527

 
(243
)
 
4,284

 
337

 

 
4,621

Total HTM fixed income securities
 
$
201,054

 
300

 
201,354

 
8,190

 

 
209,544


 
December 31, 2014
 
 
 
Net
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized
 
 
 
Unrecognized
 
Unrecognized
 
 
 
 
Amortized
 
Gains
 
Carrying
 
Holding
 
Holding
 
Fair
($ in thousands)
 
Cost
 
(Losses)
 
Value
 
Gains
 
Losses
 
Value
Foreign government
 
$
5,292

 
47

 
5,339

 
55

 

 
5,394

Obligations of state and political subdivisions
 
285,301

 
2,071

 
287,372

 
11,760

 

 
299,132

Corporate securities
 
18,899

 
(273
)
 
18,626

 
2,796

 

 
21,422

ABS
 
2,818

 
(455
)
 
2,363

 
460

 

 
2,823

CMBS
 
4,869

 
(432
)
 
4,437

 
753

 

 
5,190

Total HTM fixed income securities
 
$
317,179

 
958

 
318,137

 
15,824

 

 
333,961

Schedule of Available For Sale Securities
December 31, 2015
 
 
 
 
 
 
 
 
 
 
Cost/
 
 
 
 
 
 
 
 
Amortized
 
Unrealized
 
Unrealized
 
Fair
($ in thousands)
 
Cost
 
Gains
 
Losses
 
Value
AFS fixed income securities:
 
 
 
 
 
 
 
 
U.S. government and government agencies
 
$
99,485

 
4,721

 
(91
)
 
104,115

Foreign government
 
14,885

 
298

 
(2
)
 
15,181

Obligations of states and political subdivisions
 
1,314,779

 
44,523

 
(160
)
 
1,359,142

Corporate securities
 
1,892,296

 
23,407

 
(15,521
)
 
1,900,182

ABS
 
244,541

 
531

 
(918
)
 
244,154

CMBS1
 
245,252

 
750

 
(2,410
)
 
243,592

RMBS2
 
541,276

 
4,274

 
(3,713
)
 
541,837

Total AFS fixed income securities
 
4,352,514

 
78,504

 
(22,815
)
 
4,408,203

AFS equity securities:
 
 
 
 
 
 
 
 
Common stock
 
181,991

 
14,796

 
(1,998
)
 
194,789

Preferred stock
 
11,825

 
477

 
(40
)
 
12,262

Total AFS equity securities
 
193,816

 
15,273

 
(2,038
)
 
207,051

Total AFS securities
 
$
4,546,330

 
93,777

 
(24,853
)
 
4,615,254


 
December 31, 2014
 
 
 
 
 
 
 
 
 
 
Cost/
 
 
 
 
 
 
 
 
Amortized
 
Unrealized
 
Unrealized
 
Fair
($ in thousands)
 
Cost
 
Gains
 
Losses
 
Value
AFS fixed income securities:
 
 
 
 
 
 
 
 
U.S. government and government agencies
 
$
116,666

 
7,592

 
(128
)
 
124,130

Foreign government
 
27,035

 
796

 

 
27,831

Obligations of states and political subdivisions
 
1,208,776

 
38,217

 
(729
)
 
1,246,264

Corporate securities
 
1,763,427

 
42,188

 
(5,809
)
 
1,799,806

ABS
 
176,837

 
760

 
(373
)
 
177,224

CMBS1
 
177,932

 
2,438

 
(777
)
 
179,593

RMBS2
 
505,113

 
8,587

 
(2,426
)
 
511,274

Total AFS fixed income securities
 
3,975,786

 
100,578

 
(10,242
)
 
4,066,122

AFS equity securities:
 
 
 
 
 
 
 
 
Common stock
 
159,011

 
32,721

 
(332
)
 
191,400

Total AFS equity securities
 
159,011

 
32,721

 
(332
)
 
191,400

Total AFS securities
 
$
4,134,797

 
133,299

 
(10,574
)
 
4,257,522


1 CMBS includes government guaranteed agency securities with a fair value of $4.5 million at December 31, 2015 and $13.2 million at December 31, 2014.
2 RMBS includes government guaranteed agency securities with a fair value of $19.7 million at December 31, 2015 and $32.4 million at December 31, 2014.

Schedule of Fair Value and Gross Pre-Tax Net Unrealized/Unrecognized Loss of Securities by Length of Time
December 31, 2015
 
Less than 12 months
 
12 months or longer
($ in thousands)
 
Fair 
Value
 
Unrealized
Losses1
 
Fair
Value
 
Unrealized
Losses1
AFS fixed income securities:
 
 

 
 

 
 

 
 

U.S. government and government agencies
 
$
16,006


(87
)

396


(4
)
Foreign government
 
1,067

 
(2
)
 

 

Obligations of states and political subdivisions
 
28,617

 
(160
)
 

 

Corporate securities
 
761,479

 
(12,671
)
 
50,382

 
(2,850
)
ABS
 
197,477

 
(807
)
 
12,022

 
(111
)
CMBS
 
146,944

 
(2,196
)
 
15,385

 
(214
)
RMBS
 
264,914

 
(1,992
)
 
63,395

 
(1,721
)
Total AFS fixed income securities
 
1,416,504

 
(17,915
)
 
141,580

 
(4,900
)
AFS equity securities:
 
 
 
 
 
 
 
 
Common stock
 
31,148

 
(1,998
)
 

 

Preferred stock
 
1,531

 
(40
)
 

 

Total AFS equity securities
 
32,679

 
(2,038
)
 

 

Subtotal
 
$
1,449,183

 
(19,953
)
 
141,580

 
(4,900
)
 
 
 
Less than 12 months
 
12 months or longer
($ in thousands)
 
Fair
Value
 
Unrealized
Losses1
 
Unrecognized
Gains2
 
Fair
Value
 
Unrealized
Losses1
 
Unrecognized
Gains2
HTM securities:
 
 

 
 

 
 

 
 

 
 

 
 

ABS
 
$

 

 

 
805

 
(122
)
 
116

Subtotal
 

 

 

 
805

 
(122
)
 
116

Total AFS and HTM
 
$
1,449,183

 
(19,953
)
 

 
142,385

 
(5,022
)
 
116


 
December 31, 2014
 
Less than 12 months
 
12 months or longer
($ in thousands)
 
Fair 
Value
 
Unrealized
Losses1
 
Fair
Value
 
Unrealized
Losses1
AFS fixed income securities:
 
 

 
 

 
 

 
 

U.S. government and government agencies
 
$
7,567

 
(13
)
 
10,866

 
(115
)
Obligations of states and political subdivisions
 
47,510

 
(105
)
 
64,018

 
(624
)
Corporate securities
 
276,648

 
(1,734
)
 
153,613

 
(4,075
)
ABS
 
113,202

 
(178
)
 
15,618

 
(195
)
CMBS
 
12,799

 
(34
)
 
59,219

 
(743
)
RMBS
 
3,399

 
(8
)
 
138,724

 
(2,418
)
Total AFS fixed income securities
 
461,125

 
(2,072
)
 
442,058

 
(8,170
)
AFS equity securities:
 
 
 
 
 
 
 
 
Common stock
 
5,262

 
(336
)
 

 

Total AFS equity securities
 
5,262

 
(336
)
 

 

Subtotal
 
$
466,387

 
(2,408
)
 
442,058

 
(8,170
)
 
 
 
Less than 12 months
 
12 months or longer
($ in thousands)
 
Fair
Value
 
Unrealized
Losses1
 
Unrecognized
Gains2
 
Fair
Value
 
Unrealized
Losses1
 
Unrecognized
Gains2
HTM securities:
 
 

 
 

 
 

 
 

 
 

 
 

Obligations of states and political subdivisions
 
$
196

 
(3
)
 
1

 

 

 

ABS
 

 

 

 
2,235

 
(455
)
 
439

Subtotal
 
196

 
(3
)
 
1

 
2,235

 
(455
)
 
439

Total AFS and HTM
 
$
466,583

 
(2,411
)
 
1

 
444,293

 
(8,625
)
 
439


1 Gross unrealized losses include non-OTTI unrealized amounts and OTTI losses recognized in AOCI. In addition, this column includes remaining unrealized gain or loss amounts on securities that were transferred to an HTM designation in the first quarter of 2009 for those securities that are in a net unrealized/unrecognized loss position.
2 Unrecognized holding gains represent fair value fluctuations from the later of: (i) the date a security is designated as HTM; or (ii) the date that an OTTI charge is recognized on an HTM security.
Schedule of the Number of Securities in an Unrealized Unrecognized Loss Position
($ in thousands)
 
 
December 31, 2015
 
December 31, 2014
Number of
Issues
 
% of 
Market/Book
 
Unrealized/Unrecognized
Loss
 
Number of
Issues
 
% of
Market/Book
 
Unrealized/
Unrecognized
Loss
606

 
80% - 99%
 
$
22,971

 
350

 
80% - 99%
 
$
10,596

3

 
60% - 79%
 
1,888

 

 
60% - 79%
 


 
40% - 59%
 

 

 
40% - 59%
 


 
20% - 39%
 

 

 
20% - 39%
 


 
0% - 19%
 

 

 
0% - 19%
 

 

 
 
 
$
24,859

 
 

 
 
 
$
10,596

Schedule of Other Investment Portfolio by Strategy and the Remaining Commitment Amount Associated With Each Strategy
Other Investments
 
Carrying Value
 
2015
 
 
December 31,
 
December 31,
 
Remaining
($ in thousands)
 
2015
 
2014
 
Commitment
Alternative Investments
 
 

 
 

 
 

Private equity
 
$
35,088

 
48,538

 
30,204

Private credit
 
13,246

 
18,533

 
15,129

Real assets
 
19,500

 
25,897

 
25,820

Total alternative investments
 
67,834

 
92,968

 
71,153

Other securities
 
10,008

 
6,235

 
3,200

Total other investments
 
$
77,842

 
99,203

 
74,353

Schedule of Aggregated Summarized Balance Sheet Financial Information For Partnerhips In Our Alternative Investment Portfolio
Balance Sheet Information
 
 
 
 
September 30,
 
 
 
 
($ in millions)
 
2015
 
2014
Investments
 
$
7,527

 
10,096

Total assets
 
8,515

 
10,695

Total liabilities
 
316

 
545

Total partners’ capital
 
8,199

 
10,150

Schedule of Aggregated Summarized Income Statement Financial Information For Partnerhips In Our Alternative Investment Portfolio
Income Statement Information
 
 
 
 
 
 
12 months ended September 30,
 
 
 
 
 
 
($ in millions)
 
2015
 
2014
 
2013
Net investment income
 
$
129

 
226

 
406

Realized gains
 
1,187

 
581

 
913

Net change in unrealized (depreciation) appreciation
 
(1,364
)
 
1,098

 
382

Net income
 
$
(48
)
 
1,905

 
1,701

 
 
 
 
 
 
 
Insurance Subsidiaries' other investments income 
 
(1.9
)
 
13.6

 
15.2

Schedule Of Securities Pledged As Collateral
The following table summarizes the market value of these securities at December 31, 2015:
($ in millions)
 
FHLBI Collateral
 
Reinsurance Collateral
 
State and Regulatory Deposits
 
Total
U.S. government and government agencies
 
$
7.5

 

 
24.0

 
31.5

Obligations of states and political subdivisions
 

 
5.0

 

 
5.0

Corporate securities
 

 
4.7

 

 
4.7

CMBS
 
1.2

 

 

 
1.2

RMBS
 
55.0

 
1.8

 

 
56.8

Total pledged as collateral
 
$
63.7

 
11.5

 
24.0

 
99.2

Schedule of Components of Net Investment Income Earned
($ in thousands)
 
2015
 
2014
 
2013
Fixed income securities
 
$
123,230

 
126,489

 
121,582

Equity securities, dividend income
 
9,161

 
7,449

 
6,140

Short-term investments
 
112

 
66

 
117

Other investments
 
(1,890
)
 
13,580

 
15,208

Investment expenses
 
(9,297
)
 
(8,876
)
 
(8,404
)
Net investment income earned
 
$
121,316

 
138,708

 
134,643

Schedule of OTTI by Asset Type
2015
 
 
 
 
 
Recognized in
($ in thousands)
 
Gross
 
Included in OCI
 
Earnings
AFS fixed income securities:
 
 
 
 
 
 
Corporate securities
 
$
2,188

 

 
2,188

RMBS
 
1

 

 
1

Total AFS fixed income securities
 
2,189

 

 
2,189

AFS equity securities:
 
 
 
 
 
 
Common stock
 
15,996

 

 
15,996

Preferred stock
 
181

 

 
181

Total AFS equity securities
 
16,177

 

 
16,177

Total OTTI losses
 
$
18,366

 

 
18,366


2014
 
 
 
 
 
Recognized in
($ in thousands)
 
Gross
 
Included in OCI
 
Earnings
AFS fixed income securities:
 
 
 
 
 
 
RMBS
 
$
7

 

 
7

Total AFS fixed income securities
 
7

 

 
7

AFS equity securities:
 
 
 
 
 
 
Common stock
 
10,517

 

 
10,517

Total AFS equity securities
 
10,517

 

 
10,517

Other investments
 
580

 

 
580

Total OTTI losses
 
$
11,104

 

 
11,104

2013
 
 
 
 
 
Recognized in
($ in thousands)
 
Gross
 
Included in OCI
 
Earnings
HTM fixed income securities:
 
 
 
 
 
 
ABS
 
$
(44
)
 
(47
)
 
3

Total HTM fixed income securities
 
(44
)
 
(47
)
 
3

AFS fixed income securities:
 
 

 
 

 
 

RMBS
 
16

 
(30
)
 
46

Total AFS fixed income securities
 
16

 
(30
)
 
46

AFS equity securities:
 
 
 
 
 
 
Common stock
 
3,747

 

 
3,747

Total AFS equity securities
 
3,747

 

 
3,747

Other investments
 
1,847

 

 
1,847

Total OTTI losses
 
$
5,566

 
(77
)
 
5,643

Schedule of Gross Credit Loss Impairments on Fixed Maturity Securities for Which a Portion of the OTTI Charge Was Recognized In OCI

Schedule of Components of Net Realized Gains Excluding OTTI Charges
($ in thousands)
 
2015
 
2014
 
2013
HTM fixed income securities
 
 

 
 

 
 

Gains
 
$
5

 
2

 
195

Losses
 
(1
)
 
(20
)
 
(95
)
AFS fixed income securities
 
 

 
 

 
 

Gains
 
4,515

 
1,945

 
3,340

Losses
 
(312
)
 
(392
)
 
(373
)
AFS equity securities
 
 

 
 

 
 

Gains
 
29,168

 
36,871

 
24,776

Losses
 
(1,347
)
 
(704
)
 
(408
)
Other investments
 
 

 
 

 
 

Gains
 
162

 
1

 

Losses
 
(653
)
 

 
(1,060
)
Total other net realized investment gains
 
$
31,537

 
37,703

 
26,375

Held-to-maturity Securities [Member]  
Investment [Line Items]  
Schedule Of Fixed Maturity Securities By Contractual Maturities
($ in thousands)
 
Carrying Value
 
Fair Value
Due in one year or less
 
$
98,601

 
99,872

Due after one year through five years
 
89,231

 
94,358

Due after five years through 10 years
 
13,522

 
15,314

Total HTM fixed income securities
 
$
201,354

 
209,544

AFS Fixed Income Securities [Member]  
Investment [Line Items]  
Schedule Of Fixed Maturity Securities By Contractual Maturities
($ in thousands)
 
Fair Value
Due in one year or less
 
$
472,331

Due after one year through five years
 
2,135,301

Due after five years through 10 years
 
1,733,858

Due after 10 years
 
66,713

Total AFS fixed income securities
 
$
4,408,203