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Shareholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Common Stock outstanding
The following is a summary of changes in common shares issued and outstanding during the years ended December 31, 2015, 2014 and 2013:
(In thousands of shares)
2015
 
2014
 
2013
Issued and outstanding shares - January 1
56,534

 
61,197

 
61,624

Repurchase of shares
(3,680
)
 
(4,909
)
 
(681
)
Shares issued due to exercise of options and vesting of share-based compensation awards
150

 
154

 
169

Other shares issued for compensation and shares reissued to stock purchase plan*
97

 
92

 
85

Issued and outstanding shares - December 31
53,101

 
56,534

 
61,197

* Shares issued were valued at fair value (the market price of a ProAssurance common share on the date of issue).
Dividends declared
ProAssurance declared cash dividends during 2015, 2014 and 2013 as follows:
 
 
Cash Dividends Declared, per Share
 
 
2015
 
2014
 
2013
First Quarter
 
$
0.31

 
$
0.30

 
$
0.25

Second Quarter
 
0.31

 
0.30

 
0.25

Third Quarter
 
0.31

 
0.30

 
0.25

Fourth Quarter*
 
1.31

 
2.96

 
0.30

* Includes special dividends of $1.00 per share in 2015 and $2.65 per share in 2014.
Reclassification adjustments related to available-for-sale securities
Amounts reclassified from AOCI to net income and the amounts of deferred tax expense (benefit) included in OCI were as follows:
(In thousands)
2015
 
2014
 
2013
Reclassifications from AOCI to net income, available-for-sale securities:
 
 
 
 
 
Realized investment gains (losses)
$
(4,475
)
 
$
3,317

 
$
11,722

Non-credit impairment losses reclassified to earnings, due to sale of securities or reclassification as a credit loss
(2,279
)
 
—

 
(347
)
Tax effect (at 35%)
2,364

 
(1,161
)
 
(3,981
)
Net reclassification adjustments
$
(4,390
)
 
$
2,156

 
$
7,394

 
 
 
 
 
 
Deferred tax expense (benefit) included in OCI
$
(18,370
)
 
$
(785
)
 
$
(46,157
)