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Investments
 9 Months Ended
Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]  
Investments Investments:
Investments consisted of the following at September 30, 2023 and December 31, 2022 (amounts in thousands):
September 30, 2023December 31, 2022
Debt securities
Available-for-sale$62,755 $66,813 
Equity securities
Private equity funds2,911 4,373 
Equity method investments9,063 8,762 
Total investments$74,729 $79,948 
Debt Securities
Available-for-sale
Government securities: The Company's investments in government instruments, including Norwegian bonds and Swedish treasury securities, are classified as available-for-sale and stated at fair value. At September 30, 2023, maturities for these securities were $58.8 million due within one year and $3.9 million due within one to two years.
The amortized cost and fair value of investments in debt securities at September 30, 2023 and December 31, 2022 was as follows (amounts in thousands):
September 30, 2023
Amortized CostGross Unrealized GainsGross Unrealized (Losses)Aggregate Fair Value
Available-for-sale
Government securities$62,969 $36 $(250)$62,755 
December 31, 2022
Amortized CostGross Unrealized GainsGross Unrealized (Losses)Aggregate Fair Value
Available-for-sale
Government securities$67,049 $1 $(237)$66,813 
Equity Securities
Private equity funds: Investments in private equity funds represent limited partnerships in which the Company has less than a 1% interest.
Equity Method Investments
The Company has an 11.7% interest in RCB Investimentos S.A. ("RCB"), a servicing platform for nonperforming loans in Brazil. This investment is accounted for under the equity method because the Company exercises significant influence over RCB’s operating and financial activities. Accordingly, the Company’s investment in RCB is adjusted for the Company’s proportionate share of RCB’s earnings or losses, capital contributions made and distributions received.